Here’s issue #3 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru).
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2. Singapore luxury home prices rank No.3 globally
Singapore’s high-end homes recorded the third largest increase in prices globally, behind Shanghai and Mumbai, according to a new report released today. Read more
3. Fortredale reportedly goes for record S$65 million
Property insiders claim that the 23,020 sq ft freehold condo Fortredale at Tanjong Rhu has been sold for approximately S$65 million, or about S$1,342 psf ppr. Read more
4. Q1 resale property prices soften
The impact of the cooling measures implemented by the government in August 2010 and January 2011 have become clear from the Q1 2011 flash estimate results released by the Urban Redevelopment Authority (URA) and Housing Development Board (HDB). Read more
5. Property auction sales plummet in Q1
The property auction market has registered a sharp drop in the total number of transactions and sales in the first quarter, winding up a total of 17 deals worth S$27.9 million, according to new data released by Colliers International. Read more