11 Aug '17, 5am

CDL to benefit from property upcycle, calls for review of QC policy

CDL’s Kwek said the property market appears to be getting stronger, but warned of dangers such as an upward spiral in land costs and housing prices. Property giant City Developments Limited (CDL) said it is well-poised to benefit from the property upcycle after several years of subdued market conditions coupled with macro headwinds. At a results briefing on Friday (11 August), the group revealed that it sold 691 units with a sales value of $1.15 billion in Singapore during H1 2017, triple that from last year. The strong sales momentum is expected to continue, especially at high-end projects. For instance, the luxury freehold Gramercy Park condominium at Grange Road has sold 117 out of the 174 units (85 percent) at average prices ranging from about $2,650 psf to $2,880 psf. This included two five-bedroom penthouses which found buyers for around $17 million each. For the sec...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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QC矢印って初めて知ったけど、図を見るとあるあるだった。

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