SPH recast as property play

SINGAPORE (June 15): Entities linked to Singapore Press Holdings Ltd (SPH) and Kajima Development Corp have placed the top bid at a state tender for a 99-year-leasehold mixed commercial and residential site in Bidadari Estate, Singapore.

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Losses mount in resale market in Singapore

The take-up rate of new homes, as measured by the sales-to-launch ratio, has dropped from 117% in March to 96% last month, notes Nicholas Mak, executive director of research and consultancy at SLP International.

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