extracted from Business TimesOriginally Posted by PropertiesHunter
Over in the west, City Developments (CDL) said last Friday that it is accelerating plans to launch a project at the former Hong Leong Garden Condominium.
Sentiment in the residential property sector has improved in the past few months. And brisk sales recently have encouraged more developers to try their luck.
Evan Lim & Co said last Friday that it sold the last 44 units at Parc Centennial after a relaunch some two weeks ago. And CDL said that its Botannia is fully sold, with the 33 remaining units having been taken up in the past few weeks.
Despite the activity, some property consultants warned that the buying momentum may not be sustainable until there are clear signs of a global economic recovery.