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This was due to sharply lower housing and maintenance and repairs inflation associated with the timing effects of the disbursement of service and conservancy charges rebates.
The units sold ranged from two to four-bedrooms, from S$2,009 per square foot (psf) to more than S$2,500 psf. The value of the apartments ranged from S$1.75 million to S$4.55 million.
mm2 Asia says that its counterparty in a planned investment in the Golden Village cinema business in Singapore was responsible for fulfilling a condition that has prevented the deal from being completed.
The portfolio will comprise 1,936 beds in Auburn, Alabama; Tallahassee, Florida; Madison, Wisconsin; and College Station, Texas.
Chinese peer Didi Chuxing and Japan's SoftBank Group Corp, both of which are existing investors, will invest up to US$2 billion to lead the current financing round.
The STI Today
Singapore stocks ended 0.1 per cent lower on Monday, with the Straits Times Index falling 3.32 points to 3,310.8.