Units at the latest condominium development in Sentosa Cove are being snapped up by both local and foreign buyers. Eight-five percent of the 264 units of the property, Oceanfront @ Sentosa Cove, by City Developments were sold in just four days. Buyers have been paying up to over S$8 million for exclusive waterfront living. Luxurious designer fittings and an exclusive address are all common features of...
Market Reports
Property investment sales have hit a record. New data shows more than S$5.7b worth of deals were completed in the Q1 of 2006. And consultants CB Richard Ellis said 61% of this was in the commercial sector. The figure was inflated by the acquisition of Raffles City by CapitaMall Trust and CapitaCommercial Trust, for S$2.2b - from their parent company. Residential investment sales totalled S$1.7b in Q1,...