SINGAPORE: Property prices may have dipped due to the economic recession. But that has not weakened the demand for some private condominiums.
Crowds flocked to the showroom of Caspian development near Lakeside MRT station in the Jurong Lake District.
Nearly one quarter of the 712-unit development in Jurong West was snapped up within the first two days of its opening.
The first 250 units were sold at $540-$640 per square foot.
Residents living nearby are looking forward to the completion of the condominium.
They hope it will bring about more amenities in the area.
Source: Channel News Asia - 8 Feb 2009
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