Residential
175 units at Commonwealth Towers sold on launch day
Commonwealth Towers, a high-rise condominium at Queenstown, sold more than half of its 300 units on its launch day. Then, its developer, Hong Leong Holdings added another 100 units to the launch in view of the 175 units sold. The 99-year leasehold condominium, which resides near shopping malls like Anchorpoint, is selling from $1,635 per square foot for a 441 sqft one-bedroom apartment to $1,690 for a 1,302 sqft four-bedroom apartment.
(Source: Business Times)
Declining housing sales likely to push down land prices
As housing sales slows, developers are more wary and land prices are likely to cool in H2 of 2014 said Chong Kang Ho, BNP Paribas analyst. DBS Research analyst, Lock Mun Yee predicts housing sale transactions to fall by 20 per cent and prices to dip by 5 per cent this year. The Singapore Residential Price Index ...
