Page 3 - Marcus Chu News Today

HANGZHOU, China - China's President Xi Jinping opened the Covid-19-delayed 19th Asian Games in the Eastern city of Hangzhou during a spectacular and at times raucous ceremony on Saturday (Sept 23), which organisers hope will lift the mood in a nation struggling with an economic slump. Spectators in the city's 80,000 capacity stadium let out a huge roar as Xi...

In July and August 2023, there were eight new private residential launches and one executive condominium (EC). On several weekends in both months, we saw the launch of two or three projects simultaneously. Most recently, on the weekend of 12-13 August, Orchard Sophia, TMW Maxwell, and The Arden commenced their sales bookings. According to analysts, the last time there was...

The sales weekend of The Arden on Aug 12-13 saw a take-up rate of 26 per cent at an average price of S$1,750 psf. The 105-unit project is a boutique development along Phoenix Road near the Choa Chu Kang and Bukit Panjang neighbourhoods. It is an enbloc site of a row of apartments and shops along Phoenix Road, which developer...

During its launch weekend, Grand Dunman sold about 550 out of 1,008 units. With a take-up rate of over 54 per cent, the development is the best-selling new launch project in over 2.5 years in terms of the number of units sold. The record was previously held by Normanton Park, which sold 600 units during its launch weekend in January...

About 99 per cent of the buyers are Singaporeans and permanent residents. Read more at straitstimes.com.

Apart from being the only mega launch this year, the development’s location likely appealed to buyers, analysts said. Read more at straitstimes.com.

ERA Realty Network Pte., Ltd. (ERA) has announced the integration of OpenAI Generative Pre-Trained Transformer 3.5 (GPT-3) across all 11 countries in its Asia-Pacific operations network. Having first launched in Singapore via its SALES+ super app on March 6 to resounding praise from its more than 8,700 agents, OpenAI GPT-3.5 will now be available and accessible by more than 23,000 ERA agents in Asia-Pacific. Leveraging the powerful underpinnings...

ERA Realty Network Pte., Ltd. has announced the integration of OpenAI GPT-3 across all 11 countries in its Asia-Pacific network.

This is potentially the biggest residential collective sale deal since that of Tulip Garden on Farrer Road for $906.9 million in January 2019. Read more at straitstimes.com.

The latest cooling measures on April 27, 2023 had the biggest impact on foreign buyers, who saw their ABSD (additional buyer's stamp duty) rates double, from 30 per cent to 60 per cent. Some new launch condos, like Newport Residences, postponed their launch after the cooling measures were imposed. But Blossoms by the Park, another new launch condo, decided to...