CDL cancels preview of luxury condos after recent cooling measures; other private launches remain unaffected
City Developments Limited has delayed the preview of its luxury freehold condo following Singapore’s latest cooling measures for property announced earlier this week.
A spokesperson for the developer stated on Friday, April 28 that the preview of the 246 unit Newport Residences was initially scheduled to begin this weekend.
The Newport Residences are part of the mixed-use development Newport Plaza, which is located at the site of former Fuji Xerox Towers on Anson Road.
The market will take time to digest the news of the latest government property measures, according to the spokesperson.
CDL will closely monitor the market and announce its launch when it is appropriate.
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Other condominium developments are also expected to launch their projects. CNA confirms that Blossoms By the Park, by EL Development – scheduled to launch this Saturday – will proceed.
The preview of the 99-year leasehold development with 275 residential apartments, located at 9 Slim Barracks Rise began on April 14.
Cape Royale is also a good option for buyers looking to live a lifestyle.
Source: https://www.channelnewsasia.com/singapore/cdl-newport-residences-postponed-condo-launches-property-cooling-measures-3451621
