An SMRT Corp. train moves along an elevated track as residential and commercial buildings stand in Queenstown estate in Singapore, on Monday, Jan 15, 2018. Singapore sustained a comeback in home sales in December, boosting an annual tally that was already the highest since 2013. Photographer: Ore Huiying/Bloomberg
SINGAPORE: Barely a week into 2019 and Singapore’s residential home sales market is facing a S$1.1bil (US$811mil) litmus test. Horizon Towers, an older-style building near the popular Orchard Road shopping district, has gone on the market for redevelopment a third time after two failed attempts.
The sellers’ collective has retained its reserve price but other groups of homeowners also seeking so-called en-bloc deals are cutting their asking bids in the hope developers will bite.
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