This week in property: Highlights from July 30 to Aug 3

Property highlights of the week from July 30 to August 3:
Artist Impression of Harbour View Gardens (Credit: Roxy-Pacific)
Singapore-listed property developer Roxy-Pacific plans to launch five more developments in Singapore by the end of 2018, out of eight development sites in its pipeline. The developer will time the upcoming launches “appropriately”, and will continue to take “a prudent stance” to land acquisitions with a preference towards freehold sites, says Teo Hong Lim, CEO of Roxy-Pacific, in its half-year results release. “We’ve replenished our sites relatively early into the cycle, before the en bloc fever, at very reasonable prices.”
The latest property cooling measures “do not equate a total standstill” and the market is still in the “nascent stage of recovery”, says Teo. Adjusted property prices may still be affordable to buyers, and “a majority of the Group’s buyers are first-timers who are less affected by the cooling measures in terms of Additional Buyer’s Stamp Duty hikes, discounting the slight reduction in borrowing”, says Teo. Its latest launches include the freehold, 25-unit Straits Mansions which is fully sold, and the freehold, 57-unit Harbour View Garden which is 96% sold to date.
The GCB on Dalvey Road, owned by the estate of Lim Kim San is currently vacant (Credit: JLL)
A freehold Good Class Bungalow (GCB) in District 10, which was owned by one of Singapore’s founding fathers, has been put up for sale at more than $100 million.
The bungalow, at 81 Dalvey Road, is a two-minute drive to Singapore Botanic Gardens. A property...