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Residential investment sales soared in 2017

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Residential investment sales in Singapore rose sharply by 184 percent year-on-year to $8.3 billion last quarter and surged by 119 percent to $21.7 billion for the whole of 2017, according to a new report from Colliers International. These transactions comprise all private houses sold for at least $5 million and residential sites successfully auctioned via…

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Pacific Mansion up for collective sale at $938m

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The owners of Pacific Mansion have put the River Valley condominium up for public tender with a reserve price of $938 million or $1,728 per square foot per plot ratio (psf ppr), said CBRE, their appointed property agent. The development is on a freehold residential site in River Valley Close, with a land area of…

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Vicenta Lodge to go en bloc for $33.6m

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Vicenta Lodge, a freehold residential development in Lorong Marzuki, will be put up for en bloc sale tomorrow (3 February) with a guide price of $33.6 million. This works out to a land rate of $1,173 psf per plot ratio (psf ppr). Marketing agent Century 21 revealed that a development charge of about $1.33 million…

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Katong Park Towers launched for collective sale

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Offering a compelling opportunity for the development of an exclusive condominium within an affluent neighbourhood in Katong, Katong Park Towers has been put up for en bloc sale carrying a reserve price of $288 million, reported the Business Times. Marketing agent Cushman & Wakefield said the price works out to a land rate of $1,165…

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Resale condo prices up 0.6% in December

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Prices of completed non-landed private homes in Singapore continued to rise in December at 0.6 percent, following a revised 1.6 percent hike during the previous month, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Excluding small units, home prices in the central region rose 0.5 percent in December, down from the 1.8…

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