Developers are upbeat on recovering property market. Ready to pay top dollars.
URA closed tender for Jiak Kim Street and Fourth Avenue sites Click on this link to get full article Extract from the article “The strong showing and competitive bidding at the top end for both Jiak Kim Street and Fourth Avenue site clearly reflect the bidders’ confidence in a recovering private residential market amid the positive economic outlook,” said Tricia Song, Colliers International’s Research Head for Singapore. Both 99-year leasehold plots are zoned for residential, but the developer is allowed to build commercial space on the 1st level of the Jiak Kim Street site.