Monday, January 23, 2012

Collective sale fever cooling: Khaw

Straits Times: Sun, Jan 22
The cooling of collective sale fever from its heyday six years ago is likely to result in a more stable property market, said National Development Minister Khaw Boon Wan.

In his latest blog post yesterday, he wrote that collective sales hit feverish heights in 2006 and 2007, during which a total of 10,200 units were sold.

Last year, only 1,400 private residential units were sold en bloc...

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