Friday, February 3, 2012

Jervois Road site attracts 17 bids

Straits Times: Fri, Feb 03
A RESIDENTIAL site in swanky district 10 has attracted 17 bids from developers even though sales in the high-end homes market have slowed down.


Bids for the site in Jervois Road have beat market expectations, with developers apparently undeterred by a tough round of property cooling measures introduced last December.


The site, which can boast 140 homes, was launched after the measures took effect, dampening high-end demand, especially among foreign buyers who now face a 10 per cent additional buyer's stamp duty...

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Martin Koh/ Sherry Tang
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www.marshe.net
www.malaysia-properties.webs.com

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