Bullish on Queenstown Location That Fetch $1b Bid for Stirling Residences Condo
The residential plot acquired by Nanshan is located very close to several other projects, some of which have already been built, and some are under construction. The development in the real estate sector in this area shows significant improvement in the market for construction companies. It shows that the market is gaining the trust of investors again. The nearby projects that have already been completed several years ago, have now become old. Most recent projects and constructions were only happening in other close by residential areas that had the full attention of the government. The Stirling Residences plot was due for sale for about 7 years in the GLS Reserve List before it actually did become available for sale. Despite the long wait in the selling time, the plot gathered a high bid of $1 billion and turned out to become one of the highest ever bids for a residential plot in such a short time.
Singapore Property Outlook – Should you get into the market now?