22 Aug '16, 6am

Boutique developer distress | The Edge Property Singapore

This means the estimated total cost of the semi-detached house — land and construction — at Burghley Drive is $4.55 million to $4.95 million, while the pair of semi-detached houses at Berwick Drive are likely to round up at $7.64 million to $8.26 million. Meanwhile, the detached house at Mimosa Crescent is estimated to be in the range of $13.54 million to $15.18 million. The guide prices of the properties are below these estimated costs. This four-storey detached house at 122 Mimosa Crescent with a built-up area 16,200 sq ft will be put up for auction by JLL The developer’s string of site purchases coincided with the introduction of the total debt servicing ratio loan framework at end- June 2013, which put a limit on people’s ability to borrow for their property purchases. The TDSR had further dampened market sentiments and the overall buying mood as it came within months ...

Full article: http://www.theedgeproperty.com.sg/content/boutique-develo...

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