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Wednesday, December 2, 2009

The coming on stage of Asia's Rise.. for a while

Owners at the Dragon Masion, a 72 unit condo besides Outram, have completed the first collective sale of the year with a $100.8 million deal! The deal was sealed with the price below the Reserve Price however. But owners can expect to pick up $1.4 million - well above the estate's highest transacted price of $880, 000 achieved in May last year. This transaction is expected to herald in more of such sales in future. Ultimately with the China Success story alongside the BRIC countries and adding to that, our own development of IR projects... the coming one year does seem pretty exciting for the real estate. Provided the US economy doesnt implode from the excess liquidity, it should be exciting!

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