25 Apr '14, 9am

A rosy future for office rental market and luxury projects? Check out this Week in Review #sg #property #sgnews

A rosy future for office rental market and luxury projects? Check out this Week in Review #sg #property #sgnews

While analysts, including Colliers and Reuters, cast gloom on luxury projects and luxury property developers, transactions recorded in District 9, particularly in Robertson Quay, appear positive. The Edge reports that a number of high value transactions were recorded in the district recently, including $3.78 million or $2,154 psf for a 1,755 sq ft three-bedroom apartment on the 21st floor at RiverGate and $2,548 psf for Up@Robertson Quay, a 70-unit loft-style apartment block with an adjacent 300-room hotel. At Up@Robertson Quay, about 78 per cent, or 55 units, have been sold. Julin Tan, senior associate director at OrangeTee noted in The Edge that prices appear strong and are unaffected by cooling measures as demand is ongoing for residential projects along the Singapore River.

Full article: http://www.iproperty.com.sg/news/8605/Week-in-Review---24...

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