10 August 2022

• Farrer Road’s Sutton Place up for en bloc sale at S$285m
  FREEHOLD Sutton Place at 24, 26 and 28 Farrer Road in prime District 10 has been put up for collective sale via public tender at an indicative price of S$285 million.
• Golden Mile Complex obtains sale order from strata board; legal completion by November
  MARKETING agent Edmund Tie announced on Wednesday (Aug 10) that the <a href="/real-estate/golden-mile-complex-sold-to-far-east-perennial-sino-land-for-s700m" target="_blank">collective sale of Golden Mile Complex</a> has obtained the sale order from the Strata Titles Boards on Aug 3.
• Singapore a bright spot as APAC property deal activity slows in Q2: MSCI
  REAL estate investment in the Asia-Pacific region fell 24 per cent on the year to US$45.1 billion in the second quarter, dragged by higher borrowing costs and economic headwinds.
• Condo resale volumes fall for 3rd straight month in July; prices continue rise: SRX, 99.co
  THE number of condominium resale transactions continued to fall for the third straight month in July 2022, although prices maintained their upward trend for the 24th month in a row.
• Jalan Besar shophouses up for sale with S$17.5m guide price
  A PAIR of commercial shophouses in Jalan Besar has been put up for sale via expression of interest with a guide price of S$17.5 million, marketing agent Huttons said on Wednesday (Aug 10).
• PropNex Q2 profit falls 20.7% to S$13.1m
  REAL estate agency PropNex on Wednesday (Aug 10) posted a 20.7 per cent drop in net profit for the second quarter, as revenue fell due to fewer marketing launches.
• En bloc market picking up momentum, but developers seen remaining selective
  The residential en bloc market has been gathering momentum in recent months as developers seek to replenish their land banks amid dwindling unsold inventory, a relative lack of supply under the Government Land Sales (GLS) programme and buoyant sales at new launches.