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Thread: Chinese Developers bidded $1b or 1051psf ppr for the Stirling road site

  1. #1

    Default Chinese Developers bidded $1b or 1051psf ppr for the Stirling road site

    Chinese Developers bidded $1b or 1051psf ppr for the Stirling road site beating MCL Land at $970psf ppr by $77m.

    https://www.ura.gov.sg/uol/-/media/U...y/pr17-34a.pdf

  2. #2

    Default

    Wow, china will prop up sg market soon, gov better ready to prepare more CM lol

  3. #3

    Default

    Yes, very bullish news.

    LOL

  4. #4
    Join Date
    May 2012
    Posts
    3,239

    Default

    Looks like Morgan Stanley predictions were not baseless...
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  5. #5

    Default

    looking at the land prices transacted by developers, i find it hard to believe prices will crash 50% soon. Good news for those vested

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