Developers are upbeat on recovering property market. Ready to pay top dollars.

URA closed tender for Jiak Kim Street and Fourth Avenue sites

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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.

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