Investors make a bundle from trading in strata factories

Investors make a bundle from trading in strata factories

http://www.businesstimes.com.sg/spec...ories-20130110 Published January 10, 2013 Investors make a bundle from trading in strata factories All but two of the 618 deals last year matched against previous caveats were profitable By Kalpana Rashiwala ABOUT 60 per cent of the 618 units of 60-year strata factories sold in the secondary market last year and for which previous sale records could be traced, had been last sold in 2010 or 2011. An analysis of caveats by Savills Singapore indicates that 5.8 per cent of the 618 units (36 units) changed hands faster: they were bought last year and resold or subsold before the year was out. By going through the Realis' caveats database of the Urban Redevelopment Authority (URA), Savills found 1,136 caveats involving secondary-market transactions last year that were resales and subsales of 60-year strata factory units. But the property co...

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