Here’s issue #7 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru).
Specialty property and hospitality group Roxy-Pacific Holdings Ltd has announced that its wholly-owned subsidiary, RL Central Ltd, has obtained 100 percent consent for the collective sale of a freehold site located at 131 Mackenzie Road for approximately S$24.6 million.
Established construction, property development and property management group KSH Holdings Limited has clinched a S$78.7 million contract from Botanica Pte Ltd, a wholly-owned subsidiary of Wheelock Properties, for the construction of the Ardmore Three development.
Two redevelopment sites, 70 Shenton Way and Elizabeth Tower, have been launched for sale.
Developers continued to launch new projects in May, after witnessing a 29 percent month-on-month increase in private home sales last month.
Sales of private homes jumped 23 percent month-on-month to 1,901 units in April, as developers are rolling out more property projects to ride the tide of buying momentum.
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