DBS Group Research expects home prices in Orchard Road to reach or even surpass the $4,000 psf mark, given the aggressive bidding for prime sites within the area, reported Singapore Business Review.
Hong Kong-listed Shun Tak Holdings, for instance, acquired two prime sites in Orchard Road – 14 & 14A Nassim Road and 21 Orchard Boulevard (Park House) – for a total of $593.5 million.