Jun
15
Here’s Another Sign Singapore’s Housing Market Is Recovering
By-
Four deals struck already this year as sellers band together
-
Redevelopment deals on track for busiest year since 2011
Chalk up another sign Singapore’s housing market is recovering: redevelopment deals are back.
After slowing to a trickle the past three years as housing prices fell, four redevelopment deals — where a group of owners band together to sell entire apartment blocks at a hefty premium — have been struck already this year, with a combined value of S$1.5 billion ($1.1 billion). The process, also known as “en-bloc” sales, allows developers to knock down and rebuild in a city where new residential land sales are tightly controlled by the government…
Here’s Another Sign Singapore’s Housing Market Is Recovering
