GCB deals surge to S$282m in Q2
Momentum may continue; S$32m option granted for Queen Astrid Park bungalow over weekend
Singapore
THE second quarter of this year saw a surge in the number and value of transactions in Good Class Bungalow Areas - to at least 11 deals totalling S$282.3 million, up from just four deals adding up to S$95.3 million in Q1.
The latest Q2 performance - which is also a marked improvement from the five deals worth S$81.8 million in the same period last year - was buoyed by the sale of 35 Ridout Road in May at S$91.7 million, the biggest sale ever, on absolute quantum price basis, in a GCB Area.
The same month also saw a record per square foot of land pri…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases