Singapore home prices to lag behind HK on building boom
China Daily | Updated: 2010-02-04 07:54
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A boat carries tourists across Marina Bay in front of the haze-shrouded skyline of downtown Singapore. The city-state will see nine times the number of new apartments going up over the next three years than in Hong Kong. Bloomberg News |
SINGAPORE: A bungalow on Singapore's Ocean Drive, a stretch of luxury homes lined with Bentleys and Ferraris, sold for a record S$30 million ($21 million) in October. In Hong Kong, a duplex a third the size went for almost three times as much the same month.
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