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CDL to benefit from property upcycle, calls for review of QC policy

CDL to benefit from property upcycle, calls for review of QC policy

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CDL’s Kwek said the property market appears to be getting stronger, but warned of dangers such as an upward spiral in land costs and housing prices. UPDATED: Property giant City Developments Limited (CDL) said it is well-poised to benefit from the property upcycle after several years of subdued market conditions coupled with macro headwinds. At a results briefing on Friday (11 August), the group revealed that it sold 691 units with a sales value of $1.15 billion in Singapore during H1 2017, triple that from last year. The strong sales momentum is expected to continue, especially at high-end projects. For instance, the [URL=" https://sg-property.sg/properties/gramercy-park/"]luxury freehold Gramercy Park condominium [/URL]at Grange Road has sold 117 out of the 174 units (67 percent) at average prices ranging from about $2,650 psf to $2,880 psf. This included two five-bedroom penthouses which found buyers for around $17 million each. For the second half of the year, CDL plans to launch another high-end condo called New Futura in the Orchard Road vicinity. The 124-unit freehold project comprises two- to four-bedroom units and is expected to obtain its temporary occupation permit in Q3 2017. More info [URL=" https://sg-property.sg/properties/gramercy-park/"] click here [/URL] or [URL=" https://sg-property.sg/"] Home Page [/URL]

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