29 Apr '14, 5am

House prices in Bishan to slip despite strong demand - Property Auctions News, Property...

However, Chia Siew Chuin, Colliers International’s Director of Research & Advisory, noted that Bishan’s strongest selling point is its city-fringe location and the demand from upgraders will stay robust due to the high prices of resale HDB flats there. In 2013, popular projects in Bishan that entered the market included Woh Hup’s 65-unit Three 11, CapitaLand’s Sky Vue and UOL’s Thomson Three. Three 11 is fully sold, while Thomson Three and Sky Vue have sold 87 percent and 71 percent of their units respectively. Meanwhile, the latest project to launch new units in the area is Sky Habitat, also developed by CapitaLand and located next to Sky Vue. The 509-unit condo experienced slow sales when it was first launched in April 2012 due to its record high prices at the time. The project’s relaunch saw 80 units sold on the first day of sales at a discount of 10 to 15 percent from ...

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

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