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Daily Briefing: CDL gains strong foothold in Chongqing; Is it a good time to by luxury homes?
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City Developments Ltd (CDL) has announced that the newly-launched Eling Residences and CDL’s second development in Chongqing, Huang Huayuan, are set to benefit from the continual collaborative efforts between Singapore and Chongqing city. The luxury 126-unit Eling Residences is located at the centre of the Yuzhong Peninsula. It is 15 minutes away from the central business district. Huang Huayuan, a mixed-use development in the prime Yuzhong district, is scheduled for launch in 2019. It comprises three high-rise towers, a mall and over 600 residential units. Read more here.
Singapore has emerged as one of the world’s most competitive markets to purchase luxury properties as prices have become significantly more affordable since 2010, according to a JLL report carried in the South China Morning Post. In fact, prices of upscale residential properties here have slumped 20 percent from around seven years ago. Compared to those in London and New York, where prices hovered within 10 percent of that in the city-state in 2010, prices have now increased 20 to 25 percent. The cost of such properties here are also currently 130 percent lower than in Hong Kong. Read more here.
Big name companies typically started as small entities and grew into the titans that they are today, with the help of investors in the background. These investors contributed much-needed capital when the companies were still in their start-up phase, and today, enjoy huge returns. So how can Singapore investors get on the bandwagon? Click here to find out.
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