Developer reaped profit in bulk sale, while buyer got a good discount
Ms Jennifer Chia, head of corporate real estate at TSMP Law, said her firm has been doing more deals in which Singapore shareholders buy the corporate vehicles holding the remaining units in projects that developers have to offload.
There will be even more of such transactions this year, she said, adding: “I believe savvy investors think that the market may have bottomed out and that there is value waiting to be unlocked.”
Read more at The Straits Times
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