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https://www.straitstimes.com/business/property/singapore-luxury-apartment-sales-hit-11-year-high-driven-by-chinese-demand

Singapore luxury apartment sales hit 11-year high, driven by Chinese demand

 

"In the first eight months of 2019, 68 condominium units in the wealthy Asian city-state were sold for $10 million and more, the highest tally since the corresponding period of 2008"

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https://www.edgeprop.sg/property-news/projects-foreign-buyer-appeal

Projects with foreign buyer appeal

(Chinese nationals continue to hog the limelight in Singapore with purchases of luxury penthouses at eye-popping prices. Beyond the prime districts, these foreign buyers are making their presence felt at new launches in the city fringe and suburban condominiums too. Will this trend continue?)

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d46c78-9f60a3-OCR-BUYERS-EDGEPROP-SINGAPORE.jpeg

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On 9/19/2019 at 6:41 PM, Mercs said:

 

With the Fed cutting ..... ( Euro already went negative liao) .....  will it make price go Marikita here ?  :XD:

 

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2 hours ago, Angcheek said:

With the Fed cutting ..... ( Euro already went negative liao) .....  will it make price go Marikita here ?  :XD:

 

Probably Henta Kaki

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3 hours ago, Mercs said:

https://www.edgeprop.sg/property-news/under-hammer-eon-shenton-unit-sale-19-mil

UNDER THE HAMMER: Eon Shenton unit up for sale at $1.9 mil

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New MRT station will be right in front of condo next time

Facing unblocked seaview for now

So 2000pfs is reasonable, Tanjong pagar area mix of old and new singapore is a very attractive location

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11 minutes ago, car50 said:

New MRT station will be right in front of condo next time

Facing unblocked seaview for now

So 2000pfs is reasonable, Tanjong pagar area mix of old and new singapore is a very attractive location

Thanks for the update. Agree, with the way psf prices is going even for OCR ...

2k psf for Shenton, new MRT , unblocked seaview  ... indeed reasonable! 😉 :D

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2 hours ago, Angcheek said:

With the Fed cutting ..... ( Euro already went negative liao) .....  will it make price go Marikita here ?  :XD:

 

So far already 2 fed cuts this year, may see 1 more coming year end.

But doubt low interest rates alone will make price Marikita lah,  as new launch psf already at a high new benchmark ... CMs/trade war/global uncertainty etc.

Property prices to remain stable for 2019 ... going forward surge in foreign demand ... to maintain a healthy sustainable UPtrend. 😉 :D😛

 

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