Kuwait Finance House did not exercise its OTP for 97 units of Goodwood Residence, which it had agreed to pay $818.4m in Dec 07. The median price of $3.2k psf would have set a record for that area.
Goodwood Residence, by GuocoLand, is located at former Casa Rosita site along Bukit Timah Rd, near Newton Circus. The 210-unit FH project sits on a 24,845 m2 site.
GuocoLand is in talks with KFH and may consider to grant a fresh options for the units.
* CNA-Goodwood , AsiaOne-Launches , GuocoLand-Goodwood , ST-GreenAward *
Tuesday, March 11, 2008
Dwindling Property Market
Labels:
Economy,
Residential,
Singapore
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