Property news summary: 1st to 16th Oct 2011

1) Property Market Activities

Mass-market condo prices rise again in Q3 (BT, 4 October 11)
Prices of HDB resale flats and mass-market private condominiums climbed in 3Q2011. URA estimates showed that the overall private home price index rose 1.3% QoQ in 3Q2011, slower than the 2% QoQ increase in 2Q2011.

Nine units sold in Hijauan on Cavenagh (BT, 4 October 11)
Selangor Dredging Berhad (SDB) has sold nine apartments in its 41-unit Hijauan on Cavenagh over the past two weeks. Eight units were sold to Malaysian buyers and one was bought by a Singaporean purchaser. SDB bought the site for $42.4mil in July 2010 in a collective sale. The apartments at the high-end freehold project are priced from $2,200-2,500 psf.

For Sale: 3 bedroom unit in Pacific Mansion (D09)

Up for sale is a very high floor 3 bedroom unit in Pacific Mansion. It sits on a big site in prime River Valley and has potential for en bloc sale. In fact, signature gathering is in process.

See exact location here.

Condition of the unit is still quite good despite its age.

1,528sqft with 3 good sized bedrooms.

Just beside River Valley Primary School and within walking distance to Orchard & Somerset.

Asking price: SGD$2.28m

Call Jack @ +65-9337-8483 to arrange for viewing now!