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Home / Capital / Property

85% sale of Pasir Ris 8 over weekend shows initial signs of 'asset bubble behaviour': DBS

Property

85% sale of Pasir Ris 8 over weekend shows initial signs of 'asset bubble behaviour': DBS

Felicia Tan Published on Thu, Jul 29, 2021 / 4:19 PM GMT+8

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DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong, in a Singapore property flash note dated July 27, says they remain on close watch on potential cooling measures from the government after the strong sale performance of Pasir Ris 8 on July 24.

The mixed-use development launched over the weekend to huge fanfare, with close to 85% of the 487 units sold just within one day.

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