The Orchard Road effect

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Published February 26, 2007

The Orchard Road effect

The Orchard Road area will be the centre of property development for the next few years, having chalked up 39 collective sales of residential redevelopment sites in 2006. CB Richard Ellis reckons the sites could yield about 3,700 new high-rise homes. But what they will cost is harder to predict. "How the prices of forthcoming high-end projects in the core Central Region move depends on the strength of the economy and the support from high net-worth individuals," says CBRE director (residential) Joseph Tan. Here's where the 39 collective sales sites are:

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