Pasir Ris 8 frenzy raises policy risks for developers even as they eye richer margins
Price hikes in this OCR (Outside Central Region) segment, which caters to many HDB upgraders, may spur government to introduce property cooling measures
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Singapore
THE Pasir Ris 8 project launched for sale just last weekend offers fresh evidence of continued strength in the Outside Central Region (OCR) segment for private homes.
But with sales behind this project hitting fever pitch - alongside a marketing process that had units offloaded at unusually quick and large price jumps in a single day - some questions will be stirred on the level of froth in the property market.
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