(Source: The Straits Times, 26th May 2017) Two deals with a combined value of $676.5 million were announced on the 25th of May in yet another sign of the continued resurgence in the collective sale market in Singapore.
(Source: The Straits Times, 22nd May 2017) According to figures from the Iskandar Regional Development Authority (IRDA), the region’s population now stands 1.8 million, up from 1.6 million in 2014 and 1.45 million in 2005. It has taken in RM222.4 billion (S$71.3 billion) of investments as at Dec 31 2016, exceeding its initial target of RM149 billion. Some 702,000 jobs have also been created, with about 15% of the jobs involving skilled workers.
(Source: The Straits Times, 19th May 2017) A land parcel designated for homes in Queenstown has managed to attain a bid above $1 billion – obliterating the previous record by more than $300 million.This is the first time that a purely residential site in the Government Land Sales (GLS) programme has crossed the billion-dollar mark.