23 Nov '17, 1pm

via real estate technology trends - Google News

View of private apartments in Singapore. Here are some important trends that have been driving Singapore’s real estate market this year, which are expected to continue to shape the industry. 1) En bloc f renz y The collective sales fever in Singapore is anticipated to continue in the next few months. According to Cushman & Wakefield Singapore’s research head Christine Li, 18 existing residential projects worth a total of $6.34 billion have been purchased by real estate developers via this method as of 15 November. This is already the highest figure in a decade, but the overall tally for 2017 is expected to rise even further as more en bloc tenders have just been launched. These include Pearlbank Apartments, which is selling for $728 million, as well as Parkway Mansion ($138 million), Riviera Point ($75 million) and Derby Court ($62 million). 2) Price r ebound Aside from go...

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

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