As more collective sales are heating up, is this a sign that the market is undergoing adjustments? Sloane Court Hotel has acquired for future developments, more hotel (s) will be acquired for future developments.
Many are having the thoughts that the market is still soft and prices will continue to slide south.
From an overview market analysis to determine clearly would be from the recent massive developer interest in collective sales & also the involvement of foreign developers bidding high prices for land parcels.
These 2 elements are clear indicator that the market is adjusting upwards.
How do you see from the recent news in your opinion?
On Aug 28, Tiong Seng Holdings and Ocean Sky International announced that their 60-40 joint venture company, TSky Development, entered into an agreement on Aug 25 to buy Sloane Court Hotel at 17 Balmoral Rd, as well as Lot 99899P of Town Subdivision 26. The agreement is conditional upon the approval of the shareholders of the vendors of the sites.
Read more here for more updates.
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