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Pair of Craig Road shophouses sold for $18m

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Recently transacted conservation shophouses for which caveats have been lodged include a pair of adjoining conservation shophouses at 38 and 39 Craig Road. With a courtyard in front, the pair of shophouses were bought for $18m by an entity affiliated with Clifton Partners. The price translates to S$1,834 per square foot on built-up area for…

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Tai Wah Building sold en bloc for $84.9m

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Tai Wah Building, a 4-storey building along Killiney Road, has been sold to private equity investment firm Lucrum Capital Pte Ltd for $84.9m. This works out to around $2,209 psf ppr. After adding the estimated costs involved, future average psf launch price would be $3,493 psf. Completed in the mid-1980s, the freehold building comprises two…

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Vista Park eyes $350m in collective sale

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Vista Park condominium is launching a collective sale tender yesterday. The owners are eyeing at least $350m, which means each unit owner could pocket $1.16m to $3.5m - a premium of over 60 per cent to what they could otherwise fetch by selling individually in the open market. After adding the estimated costs involved, future average…

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Resale volume for private homes jumps 18.7%

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There were 1,461 non-landed private residential units resold in October, up 18.7% on the 1,231 shifted in the previous month, according to SRX Property estimates. The year-on-year result is even more impressive, with October's volume up 122 per cent from the 658 units resold in the same month last year, although it was 28.7 per cent…

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