Property News in Singapore

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House where skeletal remains were found sells for $2.23m in 12 minutes only

“May the best man wins,” is a line not suitable for a real estate industry. The line must sound like this, “May the richest man wins.” It took only less than 20 minutes, with the amount of  $2.23m, the house who with skeletal was sold. Around Sembawang Hills Estate, a house with a terrace in two sets of skeletal debris is now under a new ownership. It was disposed of a very lavish and competitive price which is $2.23 million only to a certain business tycoon contractor over an intense auction which lasted only for approximately 12 minutes, February 27, Friday. The auction was sponsored by Knight Frank, a real estate agent on behalf the Ministry of Law’s Public Trustee’s department. The abandoned property was taken over and managed by the government in 2015 after discovering in its decomposition state for almost 10 years. The event must have started at 2:30 pm but it began a bit late for 10 minutes due to a big number of attendees who will participate in the auction, thus, Amara Hotel’s function room couldn’t accommodate everyone in the hall.  The event organizer reserved 70 seats but surprisingly there are about 160 people present in the function room. Sharon Lee, a realtor from Knight Frank and an auctioneer, said she was greatly impressed as to the response of the people. Bidding started at $1.7 million for the 1, 720 sqft property...

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High Volume Sales for iNZ Residence

iNZ Residence’s first day of booking over the weekend turned out to be a huge success as it sold almost 170 of its 497 units last Saturday, March 11. As the first executive condominium to launch this year in Singapore, this exquisite development by Qingjian Realty has set the bar for a very noteworthy sales kickoff. 
 All five-bedroom units were sold on that day, while only thirty percent of the four-bedroom units were left for other prospective buyers. This huge turnout for both unit types representing more than sixty percent of total sales only goes to show the...

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Grandeur Park Residences sells 420 units at weekend launch

    Recently, Grandeur Park Residences, a luxury condominium with 720 apartment units, have been launched. The residential property located in Tanah Merah received overwhelming response. In the first weekend launch, total 420 units were sold, which is about 58 percent sale. According to the Straits Times, the average price of each unit was $1,350 psf. Grandeur Park Residences is in the proximity of Tanah Merah MRT station. The residence property has apartments with various size, ranging from one bedroom units to five bedroom units. Price for one bedroom apartment in Grandeur Park Residence condominium is $550,000 and for two...

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Siglap condo with sea views likely to make a splash

In the recent time, Frasers Centrepoint is in the limelight. The residential condominium, which is close to East Coast Park, will soon put to sale.  Interestingly, this is also the first residential property that is being constructed in 15 years along the East Coast Parkway (ECP).  Because of its seaside location and the proximity of future MRT station, Frasers Centrepoint is a highly prized residential property.  By the end of April, Seaside Residences condominium with 843-units will be launched by Frasers Centrepoint Singapore. The East Coast plot residential project is next to Victoria School, along the East Coast Parkway....

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