3 prime residential properties off Orchard Road sold for S$190.5m
CBRE attributes the competitive bidding process to their location and palatable deal sizes
Singapore
THREE prime residential buildings near Orchard Road have been sold to three different group of developers for S$190.5 million in total.
Tenders for the freehold properties located at 3 Cuscaden Walk, 120 Grange Road, and 8 Hullet Road were launched last month simultaneously with an aggregate guide price of S$185 million and were closed on Nov 2.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices up 1.8% in Q1; rental market slows down
Singapore’s private home prices up 1.4% in Q1, rents drop by 1.9%: URA
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2
Singapore office rents in central region fall 1.7 per cent in Q1 over Q4: URA
Homebuyers shun new real estate in Vancouver, hurting builders