Brisk sales at weekend launches of two 99-year leasehold
condominiums at Pasir Ris and West Coast suggest that the recent
rebound in private home sales could be set to continue, the
Straits Times reported on Monday.
Analysts said the robust demand was a good sign, but
attractive pricing probably played a large part.
Coco Palms sold 490, or 82 percent, of the 600 units
released as of 1500 local time on Sunday, according to City
Developments Ltd, which is developing the project with
Hong Leong Holdings and Hong Realty. All one-bedroom units
released at the 944-unit project near Pasir Ris MRT station were
NOTE: Reuters has not verified this story and does not vouch
for its accuracy.
(Compiled by Anshuman Daga; Editing by Anand Basu)