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Haig Road Flats launched for collective sale at $51m

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The 999-year leasehold Haig Road Flats (above, left), located in a private residential estate in District 15, is up for collective sale at an indicative market price of between $51 million and $52 million ($1,323 to $1,361 psf per plot ratio (ppr)). According to marketing agent Century 21, individual owners can stand to pocket between…

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GuocoLand acquires Casa Meyfort for $319.88m

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GuocoLand Limited, via its fully owned subsidiary First Meyer Development, has exercised the option to purchase Casa Meyfort condominium along Meyer Road through a collective sale for $319.88 million. Including an estimated development charge of $57.2 million, the price works out to about $1,580 per sq ft per plot ratio, reported The Business Times. In…

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New home sales to drop 15-20% in 2018

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The government’s latest property curbs that took effect on Friday (6 July) is expected to reduce new private home sales by 15 percent to 20 percent year-on-year for the whole of 2018, reported Singapore Business Review. According to Colliers International, the overall tally is forecasted to hit 8,500 to 9,000 units compared to 10,566 units…

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Interest in commercial, industrial space may rise

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Interest in commercial and industrial property could shoot up as investors look for alternative opportunities following last week's tough cooling measures for residential real estate, say consultants. Retail investors who can afford a higher capital outlay could turn to strata-titled offices and conserved shophouses that are zoned commercial, Ms Christine Li, Cushman & Wakefield's senior…

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