Property
Singapore Property News This Week #141
By Singapore Property Blog  •  February 5, 2014
Singapore Property News This Week #141

Residential

Developers more cautious in EC bidding

Analysts say that developers are now showing more caution in bidding for executive condominium (EC) sites after the tender for a 99-year leasehold site at Canberra Drive. The highest bid out of six bidders was $226 million, or $350.04psfppr, from a joint venture between Verwood Holdings, a unit of City Developments, and TID Residential. This bid was in line with earlier estimates of between $320 and $380 psfppr, and was 4.4 percent higher than the second highest of $216.5 million, or $335.33 psfppr, from MCL Land (Brighton).

(Source: Business Times)

Completed condo prices dropped in 2013: NUS

According to the National University of Singapore’s Overall Singapore Residential Price Index (SRPI), prices of completed non-landed private homes decreased 0.6 percent for the whole of 2013, compared with an increase of 4.2 percent in 2012. This drop followed the ...

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By Singapore Property Blog
Propwise.sg is a Singapore property blog dedicated to helping you understand the real estate market and make better buying, selling, renting and investing decisions – minus all the hype and misinformation ...
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