Verity Zoerner, HR Director Transactions, Asia Pacific, Cushman & Wakefield Singapore, shares how the post-pandemic "destination office" encourages collaboration and offers a tech-enabled environment.
A snapshot of resale condo prices
Resale condo prices were more resilient than their new launch counterparts. Prices averaged $1,337 psf in end-May, despite falling sales volumes. The average was also pulled up by The Marq on Paterson Hill, where a penthouse unit was sold for $13.3 million, or about $4,305 psf.
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Resale volumes have dropped to 1,317 units, down from 1,643 units the month before. The reason is similar to the drop in new launch counterparts – realtors are facing the challenge of having only two persons (including the agent) at home viewings.
Some realtors have expressed that the situation is worse for resale than for new launch condos. One of them explained that:
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Tang and Co plan to redevelop Maxwell House into a mixed-use project
A pair of Singapore-listed firms controlled by a mysterious mainland investor with links to the younger brother of former US president George W Bush has teamed with a Hong Kong construction firm to win a tender for a mixed-use project in the Lion City’s Tanjong Pagar area.
SingHaiyi Group, which is controlled by mainland-born billionaire Gordon Tang and wife Celine, joined with Chip Eng Seng Corporation, which the Tangs also control, and an affiliate of Hong Kong-listed Chuan Holdings in a joint bid for the en bloc purchase of the building known as Maxwell House at a price of S$276.8 million ($207.8 million) on Thursday, according to a filing with the Singapore Exchange.
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