Residential

400 applications made for Woodlands EC

Bellewoods, which is the first executive condominium launched this year has drew 400 applications. The condominium which is located in Woodlands comprises of 561 units and is expected to be sold for between $750 and $820 per square foot. Buyers would not need to pay HDB resale levy when they purchase a unit at Bellewoods as it is one of the last executive condominiums in the northern area of Singapore to be privatised. Since January 2013, developers are required to put their executive condominium projects up for sale after only 15 months from the date of award of the site. This has moderateddevelopers’ bids for executive condominium sites in the Government Land Sales programme.

(Source: Business Times)

Private residential market and HDB resale market softens in Q3

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