Recent collective sales face challenges galore
Owners under pressure to lower initial reserve prices as revised guidelines come into play
Singapore
GILSTEAD Mansion is an example of the challenges faced by collective sales sites in recent times, as owners face the double whammy of cooling measures and revised guidelines on the maximum number of allowable units outside the central area which will set in in months.
The 24-unit development in the Novena area has relaunched its tender at S$65 million, or S$3 million below th…
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