23 Jan '13, 2am

[S'PORE PROPERTY NEWS] ALMOST every unit of a mixed development launched in Alexandra has been snapped up. Read more:

There were at least 20 buyers on average for each unit at the launch of Alexandra Central, which is next to Ikea in Alexandra Road. -- ST PHOTOS: LIM YAOHUI FOR THE STRAITS TIMES ALMOST every unit of a mixed development launched in Alexandra yesterday has been snapped up - a stark sign that buyers are turning to commercial property in the wake of new cooling measures. Only one of the 115 strata retail units released remained unsold as at 9pm yesterday after a dramatic day of sales that caught even the developer by surprise. It was estimated that at least 20 buyers on average were competing for each unit at the 99-year leasehold Alexandra Central, while a shop space on the third storey had as many as 155 interested buyers submitting blank cheques for a ballot. "I had strong confidence in the project but didn't expect it to do so well," said Chip Eng Seng group chief executi...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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