Looks like the residential price is holding up pretty well. Bubble it might be but not bursting anytime soon.
[All 281 units bought on first day.
World Class Land announced that all 281 residential units up for sale at retirement resort The Hillford have sold out on the first day of sales. 1,000 potential buyers turned up at the showflat at Jalan Jurong Kechii.
There was a good showing by buyers aged 50 and above, said World Class Land.
"The response to Singapore's first retirement resort has been spectacular, with many buyers responding very positively to The Hillford's wide range of elderly-friendly features, services and facilities specially introduced to serve their needs," said Koh Wee Seng, CEO, World Class Land.
Koh said that based on observations a "substantial portion" of buyers were over 50 years of age.
The 281 residential units were sold at an average of S$1,100 psf.]
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