EXCLUSIVE: The was a distinct buzz at SP Setia’s Fulton Lane Melbourne property exhibition in Singapore last weekend, even though Steve Tan, Manager of Sales and Marketing for the developer was expecting a little better.
He told PropertyGuru: “I think a lot of potential buyers of overseas property will wait until after Chinese New Year.”
The development (pictured), which was holding the launch of its final phase, is now 90 percent sold. One attraction, Tan said, was the hassle-free investment which comes fully-furnished.
“Another attraction is that the development is just months from completion, so were seeing some people buying for their children to stay when they study there, he added.”
Australian property has also seen a surge in popularity, which Tan puts down in part of the weakness of the Australian dollar.
“I expect interest in Melbourne property especially to continue to increase over the next year,” he added.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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