The post UOL Sells 99% Of Residential Project At Launch Weekend Amid Resilient Singapore Demand appeared on BitcoinEthereumNews.com. An artist impression of the balcony view from Skye at Holland. Courtesy of UOL Group and CapitaLand Development UOL Group—controlled by the family of late banking tycoon Wee Cho Yaw—and partner CapitaLand Development have sold nearly all the units at their residential project during the weekend launch, adding to signs of resilient demand in Singapore even after the government’s property curbs. About 658 of the 666-unit Skye ay Holland—an upscale condominium across two 40-story towers being developed at the expatriate enclave of Holland Village, near the Orchard Road shopping belt—were sold by the partners at an average price of S$2,953 ($2,278) per square foot. “The robust take-up was underpinned by healthy buying sentiment and continued confidence in Singapore’s long-term fundamentals.” the partners said in an emailed statement. “This was further amplified by the rarity of a prime site in the heart of Holland Village, which attracted a broad spectrum of buyers.” Developers have seen brisk property demand from Singaporeans after the government imposed hefty taxes on foreigners and levies on homebuyers who sell their property within one year of purchase increased. Sales of residential projects in the three months ended September jumped about 29% to almost 6,600 from from the previous quarter, according to preliminary government estimates. UOL’s Upperhouse at Orchard Boulevard was among the top sellers, with about half of the 301-unit residential skyscraper sold during the launch weekend. Following robust demand for its projects, UOL has been stepping up efforts to replenish its landbank. A UOL-led consortium last week submitted the highest bid of S$524.3 million ($404 million) for a hotly-contested residential plot on the edge of Singapore’s central business district. UOL, together with its unit Singapore Land and Kheng Leong Holdings—the Wee family’s privately held property developer—bid against eight other groups, including Malaysian billionaire Quek Leng Chan’s… The post UOL Sells 99% Of Residential Project At Launch Weekend Amid Resilient Singapore Demand appeared on BitcoinEthereumNews.com. An artist impression of the balcony view from Skye at Holland. Courtesy of UOL Group and CapitaLand Development UOL Group—controlled by the family of late banking tycoon Wee Cho Yaw—and partner CapitaLand Development have sold nearly all the units at their residential project during the weekend launch, adding to signs of resilient demand in Singapore even after the government’s property curbs. About 658 of the 666-unit Skye ay Holland—an upscale condominium across two 40-story towers being developed at the expatriate enclave of Holland Village, near the Orchard Road shopping belt—were sold by the partners at an average price of S$2,953 ($2,278) per square foot. “The robust take-up was underpinned by healthy buying sentiment and continued confidence in Singapore’s long-term fundamentals.” the partners said in an emailed statement. “This was further amplified by the rarity of a prime site in the heart of Holland Village, which attracted a broad spectrum of buyers.” Developers have seen brisk property demand from Singaporeans after the government imposed hefty taxes on foreigners and levies on homebuyers who sell their property within one year of purchase increased. Sales of residential projects in the three months ended September jumped about 29% to almost 6,600 from from the previous quarter, according to preliminary government estimates. UOL’s Upperhouse at Orchard Boulevard was among the top sellers, with about half of the 301-unit residential skyscraper sold during the launch weekend. Following robust demand for its projects, UOL has been stepping up efforts to replenish its landbank. A UOL-led consortium last week submitted the highest bid of S$524.3 million ($404 million) for a hotly-contested residential plot on the edge of Singapore’s central business district. UOL, together with its unit Singapore Land and Kheng Leong Holdings—the Wee family’s privately held property developer—bid against eight other groups, including Malaysian billionaire Quek Leng Chan’s…

        Highlights:  The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand.  The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones.   The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand.  On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks.  BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity.  On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1.  BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand.  The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones.  BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark.  Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.