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Some prime projects trading lower
Mon, Feb 09, 2009
The Straits Times

By Joyce Teo, Property Correspondent

SOME uncompleted residential properties in the prime districts have changed hands recently at prices below that which they were sold initially.

These may be merely a handful, but it reflects the extent of the damage wrought by the economic downturn on the high-end market, analysts say.

According to data compiled by consultancy Savills Singapore, sub-sale prices at some popular projects are edging close to the average prices sold by the developers.

 


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