Residential Units Top Seller
City Developments Limited (CDL) and its parent Hong Leong Group emerged as Singapore’s top seller of residential units, selling 1,370 new homes so far this year, reported the media. This is in spite of the slow residential property market as well as the implementation of the TDSR that has spooke many buyers from buying a residential unit. Qingjian also managed to sell many units in Bellewoods EC Woodlands.
Far East Organization, which has often occupied the top spot, came in second.
The units sold – which came mostly from developments like the Jewel @ Buangkok (pictured), Coco Palms, and The Venue Shoppes & Residences – brought in over $1.4 billion, revealed Hong Leong Group.
Bellewoods EC Residential Units
A spokesperson for the group noted while “the Singapore residential property market has slowed because of the series of property cooling measures” the group’s properties sold well due to their good location.…
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