Nouvel 18's like exclusive honey to China bees
Despite 20% ABSD, non-PR buyers pick up about 90% of the 17 units sold since start of sales on July 18
Kalpana Rashiwala
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MAINLAND Chinese buyers continue to mop up luxe condo units in Singapore.
At the completed freehold Nouvel 18 project in the posh Ardmore Park area, they are the predominant nationality among the foreign buyers who have picked up about 90 per cent of the 17 units that have been sold since sales began on July 18.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute