Real Estate in Singapore posted a significant rise in residential investment volume of 90.1% in 3rd Quarter compared to same period a year ago, according to research firm Colliers International.
Out of which, land sales including the site at Tan Quee Lan Street, One-North Gateway, Clementi Avenue 1 and Bernam Street take up 62% of the said figure. At the same time, luxury residential sales also saw a healthy result, posted a 62.4% increase compared to previous quarter. Such transaction includes good class bungalows (GCB), given a high profile purchase by James Dyson of super penthouse at Wallich Residences as well as a GCB valued more than $100 million.
Analyst said that prospect of the Republic’s real estate industry remain resillient amidst global economical uncertainties, that Singapore is one of the investors’ top choice for a safe haven of capital due to systematic government and pro-business policies.
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