14 Jul '17, 10am

@abcnews fake news we have a property explosion. Try this

Artist’s impression of the Wallich Residence penthouse. A three-storey penthouse equipped with a private pool on the 64th floor has been put up for sale for a whopping $100 million, reported Reuters . Set to become the most expensive apartment in Singapore, the ‘bungalow in the sky’ penthouse is part of Wallich Residence , which is due for launch later this year at GuocoLand’s Tanjong Pagar Centre. The penthouse is expected to test the endurance of demand for luxury property in Singapore, the segment of the market that suffered most from the government’s property cooling measures. Property consultancy JLL revealed that luxury home prices in the city-state fell by 15 to 20 percent from its 2013 peak. But it expects luxury prices to increase by three to five percent this year, on the back of growing demand from both foreigners and locals who believe that the market is bottom...

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

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