Residential

Botanic Investments said to have sold 17 units at freehold 8 Napier

172,013 sq ft three-bedroom units at the freehold project 8 Napier located opposite the US Embassy and near the Singapore Botanic Gardens are said to have been sold to Alpha Investment Partners at $100 million or $2,800-3,000 psf via sale of shares in Botanic Investments. These units can found on the second to the eighth floors of the 10-storey development, which has yet to sell 15 of its units, including six penthouses.

Demand for resale HDB flats on the rise as COV falls

As the cash-over-valuation (COV) starts to stabilise after falling by over 20% in Q1, demand for resale HDB flats are increasing. According to HDB’s flash estimate of the resale price index (RPI), prices for flats increase by 1.3% in Q2, possibly due to the fall of median COVs to $25,000 in June 2012, ...