Transaction volumes at Sentosa Cove may moderate after ABSD hike
Singapore
AFTER deals picked up in tandem with the buoyant property market in 2021, transaction volumes for luxury homes on Sentosa may ease this year following the property cooling measures in December.
Encouraged by the robust demand for private homes, developer Ho Bee Land has progressively released units at two of its Sentosa Cove projects since February and March last year: 20 units from the 151-unit Seascape (a joint venture with IOI) that was first launched in 2010, and the remaining 48 units at the 91-unit project Turquoise (first sold in 2007).
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Evictions surge in Arizona with housing shortage and rising prices
China property shares firm after Politburo highlights clearing inventory
Dubai billionaire’s children plan to revive troubled world islands
UK commercial real estate lending plunges to lowest in a decade
Hybrid, flexible working set to curb Singapore office usage and rents
Australia home prices sustain growth in April, CoreLogic says