Deals
Singapore's Property Market Is Set to Sizzle
- Land purchases may reach highest since 2011, Cushman says
- Singapore finally catching up with Hong Kong’s red-hot market
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A series of blockbuster land deals in Singapore this year signal the city-state’s property market is set to break out of its prolonged slump in 2018.
A Chinese group lobbed a winning record bid for a residential plot, while Guocoland Ltd. paid a record per-square foot price for an office development site in the central business district. Office rents last quarter rose for the first time in 2 1/2 years and home prices ended a four-year slide.