December 19, 2020

Orchard ‘triplex’ penthouse with stunning views sells for $6.1 million loss

Although condo prices in Singapore’s prime districts are staging a rebound following the Covid-19 shock, fire sales of repossessed units (i.e. bank sale) remain commonplace. In November, a freehold, triple-storey penthouse near Orchard was sold in a bank sale at $6.1 million lower than its last transaction price—representing the biggest loss from a property sale...

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