22 Jan '14, 8am

#GlobalREBubble #Singapore 'Bulk Sale For Newton Imperial' via @SGPropertyGuru

Singapore real estate agency Savills has revealed details for the bulk sale of 21 freehold apartment units at Newton Imperial, located at 24 Newton Road. Arun Sugumaran, Senior Manager Savills Regional Capital Markets, said: “Newton Imperial presents a rare opportunity to acquire freehold apartment units in District 11 at an attractive price point. “Despite the current cooling measures in place, such as the 15 percent Additional Buyer’s Stamp Duty, gross yields between 3 perdent to 3.25 percent are still achievable for this project as a result of its attractive price point. This gives investors something to think about as current commercial yields are at compressed levels partly due to the buoyancy of the commercial market in recent times and a low interest rate environment. “Furthermore, with capital values of commercial strata title properties at historical highs, Newton...

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

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