Singapore Property and Real Estate News Portal

THERE were some errors in our report, River Valley condo Luma relaunches with prices halved (BT, Nov 14).
The condominium is located at River Valley Grove and not St Thomas Walk. The number of units sold earlier was not 10, but six.
BT also understands that the developer, Novelty Group, purchased the site for around $27 [...]

Posted on November 17th, 2008 under Singapore News | . Tags: asia economy, Banking, Business times, central, city, Clarification, condo, condo for sale, Correction, developer, district 10, district 9, Economy, Financial, Fiscal Year, Growth, inflation, Investment, Investments, land sales, landed property, Luma, Markets, Monetary, new launch property, new project launch, Novelty Group, Orchard, Performance, prime district, private property, projects, property market, real estate, real estate agent, real estate investment, residential, river valley, shares, Singapore, singapore business, singapore economy, singapore growth, singapore investment, singapore news, Singapore Property, Southeast Asia, St Thomas Walk, stock market, town, world economy, world news, world trade. Comments: None

Prices have been slashed by half at Luma, a 75-unit freehold luxury
condominium at River Valley Grove.
Relaunching this weekend, units at Luma are being offered at $1,450 per
square foot, down almost 50 per cent from $2,800 psf when it was first
launched last year.
About 10 units had been sold, mainly in Dubai and Hong Kong.
SISV-Realink data shows [...]

Posted on November 15th, 2008 under Singapore News | . Tags: central, city, district 10, district 9, Luma, new project launch, Orchard, prime district, private property, projects, Property, real estate agent, residential, river valley, Singapore, singapore economy, singapore news, town, world economy, world news. Comments: None