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Singapore THE Good Class Bungalow (GCB) market is on a roll. List Sotheby s International Realty s analysis of URA Realis caveats data shows that year to date (with the latest transaction dated June 18), there have been 50 deals in GCB Areas totalling nearly S$1.4 billion. This is higher than the total for the whole of last year - 46 deals amounting to S$1.1 billion. The action is expected to continue, with attractive new offerings on the market. Among them is a bungalow in Cluny Hill with a freehold land area of 18,010 sq ft. Word in the market is that the pricing expectation is about S$3,200-3,400 per square foot (psf) on land area, which would translate to around S$57.6 million to S$61.2 million. ....
Good Class Bungalow prices keep rising srx.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from srx.com.sg Daily Mail and Mail on Sunday newspapers.
Chinese yuan reaches strongest level against US dollar since 2018 RT.com 10 May 2021, 22:12 GMT+10 China s currency, the yuan, has nearly hit a three-year high against the US dollar. The rally comes shortly after weak US jobs data weighed on the greenback, and as China continues its strong recovery from Covid-19. The onshore yuan gained as much as 0.3% to 6.4114 a dollar on Monday, according to Bloomberg data. It means the Chinese currency has recovered all its losses seen earlier this year, and hit its strongest level against the greenback since June 2018. The yuan also surged against other currencies. The CFETS RMB Index, which tracks the yuan s performance against the US dollar as well as 23 other currencies, was almost at a three-year high. ....