Home seekers can look forward to a string of luxury residential projects in some of the most prime locations in Singapore, such as Sentosa Cove, Ardmore Park and Nassim Hill, according to The Business Times.
CB Richard Ellis (CBRE), one of the leading property consultancy groups in Singapore, revealed that 10 such projects, with slightly more than 1,000 units, have secured the pre-requisites for sale.
The group has also unveiled seven other developments with 574 units that have planning permission from the Urban Redevelopment Authority (URA) but no pre-requisites for sale. These include YTL Corporation’s 89-unit development at Orchard Boulevard and City Developments’ and IOI’s South Beach project, which has approval for 180 homes.
While some of these developers are still completing their show flats, they appear to be in no hurry to release their projects.
“There’s no lack of money among potential buyers but inertia to commit. There is caution with general negative news flow around,” one developer said.
Potential home buyers can also consider some earlier projects with units that have yet to be sold but have already obtained their Temporary Occupation Permit (TOP). These include The Marq on Paterson Hill, The Orchard Residences, Cliveden at Grange and Hilltops.
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