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Subscribe to this list via RSS Blog posts tagged in Tier 2

The acquisition is finally complete.

The Ascott Residence Trust Management Limited announced on Friday that it has completed its acquisition of Wangze Dalian Enterprise Co. Limited.

Wangze Dalian owns a serviced residence property located at 128-2 Jinma Road, Dalian Development Area, Dalian, China.

"Ascott Residence Trust Management Limited, as manager of Ascott Residence Trust refers to its announcement made on 20 February 2014 in relation to the acquisition of the entire interest in Wangze (Dalian) Enterprise Co., Limited which in turn owns a serviced residence property located at 128-2 Jinma Road, Dalian Development Area, Dalian, the People's Republic of China.
The Manager wishes to announce that the acquisition of Wangze Dalian was completed today.
Following the Completion, Wangze Dalian has become a wholly-owned subsidiary of Ascott REIT."

Credits: Singapore Business Review

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Posted by on in Resale

For the second month in a row, resale prices of completed non-landed private homes have increased, according to new data.

Despite this, sales of such homes continue to decline. 

Data from the Singapore Real Estate Exchange (SRX) revealed that resale prices in this sector grew by 2.3 percent in January from December, higher than the revised 0.8 percent uptick recorded in December from the previous month. 

Meanwhile, the sales volume decreased to 310 units last month, a decline of 9.1 percent from December. Year-on-year, this is a 70.2 percent drop. 

SRX said the slowdown in transactions could be partly due to the Chinese New Year holiday, seen as a traditionally quiet period for home buying activity.

Taken from Property Guru 

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