Billionaire Quek Leng Chan’s Guocoland Sells 90% Of Prime Singapore Residential Project During Weekend Launch
Guocoland—controlled by Malaysian billionaire Quek Leng Chan and his family—sold 90% of a prime residential condominium project along the Singapore River during the weekend launch, adding to signs of resilient real estate demand in the city-state.
The company said it sold 410 of the 455-unit River Modern residential condominium in the River Valley precinct, near the Orchard Road shopping belt and the central business district, at S$1.5 million ($1.2 million) each for two-bedroom units and as much as S$6.7 million for each four-bedroom units. Average pricing for the project was S$3,266 per square foot, with the most expensive units selling at S$3,693 per square foot.
“River Modern’s pricing resonated with buyers,” Justin Quek, deputy CEO of Realin Group, said in a statement. “A significant........
