27 Jan '14, 9am

Subdued response was seen on the first day of the official launch of #ThePanorama #sg #sgnews

Subdued response was seen on the first day of the official launch of #ThePanorama #sg #sgnews

Days after a housing aimed at retirees sold out in a matter of hours, a more subdued response was seen on the first day of the official launch of The Panorama. Just half of the 120 units released for sale were booked at the 698-unit, 99-year leasehold project in Ang Mo Kio. This was in stark contrast to the reception received at The Hillford, a mixed development marketed as Singapore’s first retirement resort, which saw all 281 units snapped up within hours. Nonetheless, according to Tan Bee Kim, Senior Executive Director of Wheelock Properties, the developer behind The Panorama, she said the property market is still feeling the effects of a series of cooling measures. The booking of 60 units proved to be encouraging and in time to come, they hope to see more upbeat market sentiments and sustainable recovery. Prices of the units sold at The Panorama ranged from $650,000 ...

Full article: http://www.iproperty.com.sg/news/8198/Subdued-response-on...

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