This project, the redevelopment of Fuji Xerox Towers, was held back due to the implementation of the 60% ABSD for foreigners.
DBS Group Research believes that the launch of Newport Residences, a "highly anticipated" project, might be a catalyst for the share price of developer City Developments.
The freehold development, which will be sold at just above $3,000 psf, is finally launched after a wait of more than two years.
