The share price of Keppel Land, for example, is up almost 40 percent since the announcement of the government's pro-property measures while Wing Tai Holdings is 23 percent higher.
CDL's share price is up almost 1.7 percent.
Upmarket apartments
Prices of upmarket apartments and condominiums rose 4.1 percent in the July-September period to an average S$1,020 per square foot.
This is double the 2.1 percent rise in the second quarter.
Preliminary government figures showed housing prices rose 1.1 percent in the third quarter, the biggest quarterly increase in five years.
So overwhelming is the response to the CDL project, made up of two sail-shaped towers with the taller 70-story Tower 1 rising to 245m, that CDL is considering canceling the public launch of the 63-story Tower 2 block.
Last year's sales launch of the 70-story Tower 1 was equally popular with foreign investors, making up 40 percent of the buyers according to CDL, which is the joint developer with AIG Global Real Estate Investment Corp.
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