Singapore Property News This Week #124

Residential

CapitaLand’s Sky Vue sells 85% of units

Following CapitaLand’s reversal of its former CEO Liew Mun Leong’s stand against shoebox units, the company succeeded in its sales launch of Sky Vue at Bishan Central with 430 units sold out of 505 units last weekend. On the first day of sales, the company sold 410 units for an average price of $1,500 psf, with another 20 units more the next day. One-bedroom and two-bedroom units were the most popular. The optimistic reception of the units gave more hopes of a pick-up market sentiment after recent property cooling measures. Savills Singapore research head Alan Cheong said Sky Vue might revive the market by showing that people could get around the TDSR if the price is right. CapitaLand is now led by CEO Lim Ming Yan.

(Source: Business Times)

Thousands of HDB homeowners turn to new DBS loan

A new DBS loan …