Singapore Housing Hangs on Thin, Worn Thread: Andy Mukherjee

Bloomberg.com
8 Jul 2008

July 8 (Bloomberg) -- Singapore's housing market is proving more resilient than analysts expected it to be.

As many as 3,000 people turned up last weekend to view Livia, a suburban condominium project part-owned by City Developments Ltd., the island's second-biggest property company.

Not all were there to gawk at the ``affordable green residential oasis.'' A good many had brought their checkbooks. The company released 200 units, and 160 of them were snapped up.

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