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New guidelines may price some buyers out of market: Redas

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The new development control guidelines for private condominium projects could price some buyers out of the market, the Real Estate Developers' Association of Singapore (Redas) warned yesterday. That is because, with the new rules promoting fewer and bigger units, there could be a rise in the overall average prices of new private apartments, analysts said.…

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URA move to cap shoebox units may lead to lower condo prices

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Prices of private apartments and condominiums outside the central area may come under pressure with the Government's move to reverse the trend of developers building more and more shoebox units, say market experts. The Urban Redevelopment Authority (URA) announced on Wednesday that it will cut the maximum number of units allowed in new private flat and condo developments…

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St Francis Court up for en bloc sale

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St Francis Court, an 11-storey residential tower at 90 Saint Francis Road, is up for collective sale, with the owners expecting offers above $95 million, revealed marketing agent ERA Realty. While no differential premium is payable, the intensification and top up premium for the site stands at between $9 million and $15 million. With this,…

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