11 Oct '17, 7pm

Lend lease condo banking CapitaLand stops sales at two condo projects | Property Market

A view of Sky Habitat, a 99-year leasehold development situated at the heart of Bishan district 20. (Photo: Yasmin Beevi) With the property market expected to improve further next year, CapitaLand has joined other developers that have stopped selling units in their projects, reported Channel NewsAsia . CapitaLand has halted sales for Sky Habitat and Marine Blue , which had 99 and 53 unsold units respectively, as at 31 July. Property agents said the developer stopped sales at the 124-unit Marine Blue two weeks ago and at the 509-unit Sky Habitat a week later. Other developers that have postponed selling units at projects launched earlier this year include Lendlease and Qingjian Realty. Lendlease stopped sales at Park Place Residences , with plans to launch the next phase of sales in 2018. “The potential for long-term asset appreciation is very attractive and thus we believe...

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

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CapitaLand stops sale at two condo projects

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A view of Sky Habitat, a 99-year leasehold development situated at the heart of Bishan district 20. (Photo: Yasmin Beevi) ...

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