Encouraging sales during last weekend’s VIP preview at Parc Rosewood, where 181 of the 236 available units were sold, will result in developer Kensington Land Pte Ltd increasing its prices when the project is officially launched this weekend. The company, a joint venture between mainboard-listed Fragrance Group Ltd and World Class Land Pte Ltd, had [...]
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Two prime freehold residential redevelopment sites off Balestier Roadhave been launched for en-bloc sale, with a total price tag of approximately S$149 million. Sole marketing agent Jones Lang LaSalle (JLL) said the sites are located along 2 to 16 (even only) Kim Keat Lane, 1 to 19, 21 and 23 Kim Keat Close, off Balestier [...]
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Small apartments in Singapore saw prices grow more than twice as fast as those of larger apartments in the Central Region last year. Prices of larger apartments outside of the Central Region also showed the same trend which, although similar to 2010 figures, was more noticeable last year. The sub-index for small apartments on the [...]
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The launch of Parc Rosewood condominium over the weekend saw 70 per cent of the 236 units that were offered being sold. But this is after developer Kensington Land decided to price the units at between 8 and 10 per cent lower than comparable transacted home prices in the same area. Located close to Woodlands [...]
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URA residential priceindex up 0.2% in Q4; pace of increase the weakest since Q3 2009 The rise in private home prices in Singapore slowed to a crawl in the fourth quarter last year, with property analysts saying the data showed that the market had peaked as they forecast prices to fall 5 to 10 per [...]
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An MP on Tuesday took issue with a common practice of shopping mall operators – linking the rent they charge tenants to the sales made by these retailers. Mr Zaqy Mohamad (Chua Chu Kang GRC) said it discouraged retailers from improving productivity or providing better service for consumers because increased sales might lead to higher [...]
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By Jessica Cheam Price rises of resale Housing Board (HDB) flats have moderated in the final quarter of last year, rising 1.7 per cent compared to the 3.8 per cent rise seen in the third quarter. This comes after two quarters of accelerated prices rises – since the second quarter of last year when prices [...]
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The rate of increase in private residential property prices continued to moderate for the 9th consecutive quarter, according to flash estimates by the Urban Redevelopment Authority. The private residential property index rose from 205.7 points in the third quarter of 2011 to 206.2 points in the fourth quarter of 2011. This represents an increase [...]
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Additional buyers’ stamp duty for foreigners a likely cause; locals may also wait for prices to come down By Cheryl Lim The rental market could brighten for landlords this year as home buyers defer buying units in the wake of the recent cooling measures, say analysts. They believe the larger pool of tenants might [...]
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Key factor behind sales may be developer’s offer of 3% stamp duty reimbursement By Cheryl Lim Far East Organization’s project The Hillier in Upper Bukit Timah has chalked up healthy sales, despite the recent property cooling measures. Close to half the 528 units at the Soho-style project have been sold so far, the property [...]
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But buyers should expect measures to stay if home prices keep rising By Yasmine Yahya Analysts say the latest round of property cooling measures is unlikely to be a permanent feature in Singapore if the property market grinds to a standstill amid the upcoming economic downturn. But if home prices continue surging despite the [...]
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Published on Dec 25, 2011 Cooling measures in residential sector have sparked a search for alternative segments By Esther Teo The latest rule changes to cool the property market are again prompting investors to turn away from the residential segment and to look at prospects in the commercial and industrial sectors. Strata-titled shops, offices and [...]
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Published on Dec 25, 2011 There are various investment options that investors can look at, depending on their budget and risk appetite. But experts say it is crucial to research extensively beforehand. Investors can also engage multiple agents to help them find the right product. RETAIL Strata-titled retail spaces are not as common and are [...]
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With the predicted slowdown in housing demand next year, three high-profile City Developments (CDL) projects face roll-out problems. OCBC believes the developer will pause before it launches Nouvel, an EC inChoa Chu Kang and the Lucky Tower redevelopment next year. The slew of price falls and restrictions on foreign buyers predicted for 2012 make these [...]
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The recent cooling measures which require foreigners buyingprivate property in Singapore to fork out an additional 10 percent stamp duty, is expected to curb skyrocketing property prices. And if recent transacted prices at certain luxury developments are anything to go by, the new measures could not have come at a better time. A prime example [...]
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Prime property rental prices in Singapore rose 4.8 percent during the 12 months ending September 2011 – a significantly slower rise than the 17.8 percent recorded during the previous 12 month period. The Knight Frank Prime Global Rental Index report, which looks at the top five percent of the residential market, placed Singapore in 10th [...]
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TDec 14, 2011 – PropertyGuru.com.sg he number of property investors switching to commercial properties is expected to increase, after the government’s latest measures to cool the residential property market, according to some bankers. They believe that interest in commercial property has been rising for several months, driven by higher yields and low interest rates, against [...]
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Sing Holdings will be acquiring another freehold residential site alongRobin Road, after entering into a sale and purchase agreement (SPA) to purchase a 16-unit apartment site at 2 to 8 Robin Road for S$52 million. “More than 80 percent of the owners at 2 to 8 Robin Road have consented to Sing Holdings’ offer of [...]
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BREAKING NEWS – Despite fears that Singapore’s property market could slide after the government launched a harsh round of cooling measures last week, data from the Urban Redevelopment Authority (URA) shows that the market is still very robust. In November, the total number of private housing unitstransacted climbed to 1,854, a 13 percent rise from [...]
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By Dennis Chan Sales of new private homes, excluding executive condominiums (ECs), in November rose to 1,701 units, up a hefty 22.3 per cent against the previous month, said the Urban Redevelopment Authority on Thursday. A total of 1,391 units were moved in October. New home sales, including ECs, in November climbed to 1,854 units [...]
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Singapore is regarded as the region’s most favourable market for commercial real estate next year despite a gloomy global economic outlook, according to a new report. It also noted that development capital here remains healthy, indicating continued investor confidence. ‘(Its top position is) largely due to the city’s continued transformation into a truly global city [...]
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By Cheryl Lim Figure may cross 18,000, experts say, surpassing last year’s record 16,500 The number of new private homes hitting the market this year will likely be the highest in a decade thanks to a surge of launches recently, say analysts. Experts say about 18,300 new homes could be released this year, surpassing the [...]
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By Anita Gabriel Singapore rose two notches to sixth spot as the most expensive city in Asia after four Japanese cities and Seoul, owing to the strong Singapore dollar and a 5.7 per cent rise in the average price of goods and services. Also, for the first time in at least 10 years, Singapore is [...]
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By Esther Teo, Property Reporter A rare city fringe residential site in Alexandra Road, close to amenities and transport, has attracted a better-than-expected top bid of $396 million in a keenly contested seven-way tussle. A joint bid by City Developments (CDL), Hong Leong Group and Hong Realty for the 9,953 sq m site topped the [...]
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The Government has imposed a hefty new 10 per cent stamp duty on foreigners, excluding PRs, and companies buying residential property in Singapore to help cool the market. It says the move is designed to create a stable and sustainable market, after significant price rises in recent times. Prices of private homes are up 16 [...]
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Figure may cross 18,000, experts say, surpassing last year’s record 16,500 Cheryl Lim The number of new private homes hitting the market this year will likely be the highest in a decade thanks to a surge of launches recently, say analysts. Experts say about 18,300 new homes could be released this year, surpassing the 16,500 [...]
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By Esther Teo, Property Reporter Singapore is regarded as the region’s most favourable market for commercial real estate next year despite a gloomy global economic outlook, according to a new report. It also noted that development capital here remains healthy, indicating continued investor confidence. ‘(Its top position is) largely due to the city’s continued transformation [...]
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By Esther Teo, Property Reporter Singapore is regarded as the region’s most favourable market for commercial real estate next year despite a gloomy global economic outlook, according to a new report. It also noted that development capital here remains healthy, indicating continued investor confidence. ‘(Its top position is) largely due to the city’s continued transformation [...]
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Prices of landed homes in Telok Kurau, Kovan and Joo Chiat could fall by 10 to 20 per cent following the introduction of new rules by the Urban Redevelopment Authority (URA) to limit the number of apartments that can be built in low-density housing areas, property analysts said. The rules, which kicked in on Thursday, [...]
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Recent reports have signalled that property prices across China and other parts of Asia are heading towards a correction. But regional developers and market observers say it is not all doom and gloom yet for the sector. The integrated resorts and international events like the F1 have brought the spotlight on Singapore. They have also [...]
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Measures introduced to control China’s real estate market are at a “critical stage” and the government should keep the curbs, Chinese Vice-Premier Li Keqiang said, Xinhua reported yesterday just hours before the Organization for Economic Cooperation and Development (OECD) warned that property risks were “overshadowing” the economic outlook of the world’s second-largest economy. Mr Li, [...]
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Property consultants have noted that there has been some opportunistic buying at the top end of the market. Many of those on the hunt are looking for condominium units for their own stay, and therefore prefer completed projects with spacious units. “With the ongoing European debt crisis, and global market uncertainty, people prefer not to [...]
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By Esther Teo, Property Reporter RESALE prices of private homes rose a touch last month, reversing a slight dip in September, but the overall trend suggests a period of flat values. The new Singapore Residential Price Index (SRPI) flash figures out yesterday showed that prices rose 0.9 per cent last month, rallying from a 0.1 [...]
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RESALE prices of private homes rose a touch last month, reversing a slight dip in September, but the overall trend suggests a period of flat values. The new Singapore Residential Price Index (SRPI) flash figures out yesterday showed that prices rose 0.9 per cent last month, rallying from a 0.1 per cent dip in September. [...]
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By Cheryl Lim THE Bedok Residences project that has generated so much talk this week for imposing a queue system on potential buyers racked up robust sales figures at its official launch yesterday. Buyers snapped up about 350 of the 450 homes released as at 5pm – 60 per cent of the 583 flats in [...]
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PRIVATE home prices in the mass market could fall by up to 30 per cent over the next three years as supply ramps up amid falling demand, according to a new report. Standard Chartered analysts see demand being hit by the stuttering economy and slower population growth in the wake of tighter immigration rules. Population [...]
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By Esther Teo, Property Reporter A RESIDENTIAL site at Chestnut Avenue has attracted 12 bidders, with the top bid coming in at $180 million on the back of robust mass market demand in recent months. Malaysian developer SP Setia lodged the highest bid of $426 per sq ft (psf) per plot ratio (ppr) for the [...]
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By Yasmine Yahya THE share of mainland Chinese buyers of private homes among all non-Singaporean buyers hit a record high in the third quarter, as property-cooling measures in China drove home hunters here. A report by DTZ Research said the Chinese bought 30.6 per cent of the private homes sold to non-Singaporeans between July and [...]
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Home prices in Singapore inched up 0.9 per cent last month from September mainly due to a turnaround in the value of private non-landed residential properties in the central region, according to data from the National University of Singapore (NUS). The Overall NUS Singapore Residential Price Index rose to 167.9 last month from 166.4 in [...]
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Two important questions have emerged following the Urban Redevelopment Authority’s (URA) decision last week to reject the sole bid for a Paya Lebar commercial site. One is whether the bid was too low and the other is whether the reserve price should be revealed for future state tenders. A consortium comprising UOL and Singapore Land [...]
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By Christopher Tan, Senior Correspondent WITH the Circle Line fully up and running, motorists who wish to park and ride have more options to do so. The Land Transport Authority said there are now more than 740 carpark spaces, across 12 Park and Ride sites, near eight MRT stations on the Circle Line. Under the [...]
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By Daryl Chin THE Housing Board has announced plans to redevelop four blocks of flats along East Coast Road. Blocks 1, 2 and 3 are about 48 years old, and there are 82 households in total. In the Selective En bloc Redevelopment Scheme (Sers), residents are compensated for their existing homes and given discounts on [...]
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FREEHOLD home prices have proved more resilient in recent months than those of 99-year leasehold properties, according to a new report. Credo Real Estate found that price gains for freehold condominiums and terraced homes have outpaced those for similar homes with 99-year leases since the third quarter of last year – a period marked by [...]
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THE close of the tender for Pacific Mansion yesterday marked yet another collective sale ending with no firm offers in sight. The Straits Times understands that the owners of Pacific Mansion’s 288 residential units and two commercial units will now be discussing options with interested parties. The River Valley Close development was put up for [...]
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SMALLER and more affordable homes are being snapped up as buyers confront a booming property market and ever increasing prices. The Urban Redevelopment Authority index that tracks flat prices rocketed 18 per cent last year and increased 6 per cent in the first nine months of this year, although it inched up just 1.3 per [...]
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The tender for a Government Land Sale at Flora Drive closed on Wednesday with a top bid of S$163 million from Realty Consortium. The company is understood to be part of Koh Brothers Development. A total of eight bids were received with the lowest coming in at S$130 million. Tripartite Developers and Qingjian Realty (South [...]
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The number of foreigners owning private property in Singapore has grown to 16 per cent in the first half of this year, compared to 12 per cent for the whole of last year. National Development Minister Khaw Boon Wan revealed the numbers in Parliament on Thursday, in response to concerns from several MPs about the [...]
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For the past couple of weeks, you get the sense that momentum is building up in the private housing market. In an ironic twist, a private residential site tender at Flora Drive in Upper Changi broke new ground on Wednesday, the same day National Development Minister Khaw Boon Wan said it was not time yet [...]
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New private home sales surged 21 per cent with 1,631 homes finding buyers last month. This is more than the 1,351 units sold in August. Including executive condos, the number swells further to 2,064 units. Top selling projects include A Treasure Trove near Punggol MRT Station, which saw a whopping 683 units sold at a [...]
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UOL Group said yesterday that its high-end condominium project in Bukit Timah, Duchess Residences, has won the inaugural FIABCI Singapore Property Awards 2011 in the Residential (low rise) category organised by the International Real Estate Federation here. UOL has previously won four international FIABCI awards. The FIABCI Singapore Property Awards judges individual properties in terms [...]
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Supply of land for residential homes is not likely to let up in the short-term. The government said it will release more land and calibrate measures to ensure property prices are in line with economic growth. The price of property has become a hot button issue here and is likely to get considerable airing in [...]
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The issue of foreign ownership of private residential properties has been a fairly hot topic of debate for newspaper readers recently. Sensational news reports on foreigners buying private housing properties in Singapore never fail to draw many online comments, and some of the more unbiased and thoughtful comments have made it into print in the [...]
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Asia provides opportunities for better relative returns on property than Europe and the US, according to a latest report released by the Asia Pacific Real Estate Association (APREA), which represents and promotes the regional property sector. Written by Prof Graeme Newell of the University of Western Sydney, the report is considered the most comprehensive study [...]
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Property investment sales hit S$4 billion in the third quarter, down 55 percent quarter-on-quarter, the lowest level since Q1 2010, according to a report published by DTZ Research. DTZ attributed this mainly to the decline in the stock market and global uncertainties. The bulk of investment sales came from the industrial and residential segments, which [...]
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Standard & Poor’s (S&P) has labelled Singapore’s property sector “underweight”, noting that the private property market can anticipate a correction of five to 10 percent. The major supporting factor lies in the low interest rates, which permits affordable mortgage and positive carry, said Lee Wee Sieng, analyst for S&P Capital IQ Equity Research (Asia). He [...]
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Pacific Mansion, a 128,353.16 sq ft residential site at River Valley Close, has been put up for en bloc sale with an indicative price of S$990 million (around S$2,008 psf ppr). The freehold site comprises 288 residential units and two commercial units. It has a gross floor area (GFA) of 45,821.88 sq m with a [...]
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Singapore has secured ninth position on a list of 25 cities which have gained the most real estate investment, comprising industrial, office, hotel, retail and serviced apartment properties but excluding development sites. According to Cushman & Wakefield’s latest report, the country has attracted US$10.8 billion of investment in the 12 months to the third quarter [...]
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Landed home prices in Singapore grew at a faster pace than those of non-landed homes in the third quarter of this year, according to DTZ Research. Average resale prices of leasehold landed homes in non-prime districts grew 3.8 percent quarter-on-quarter in Q3, while average resale prices of freehold landed homes in the prime districts of [...]
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8 on Claymore Serviced Residences, a luxury project located in the prime Orchard area will officially be launched today. Already, the only penthouse, a three-bedroom luxury pad with an area of 175 sq m has been booked till June 2012. Managed by the Royal Plaza on Scotts, 8 on Claymore Serviced Residences also features 46 [...]
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The Singapore government is taking active measures to address the “temporary imbalance” in the housing market, said National Development Minister Khaw Boon Wan. “We commit to house all Singaporeans and to help them own their homes. Our home ownership programme is world renowned: 90 percent of Singaporeans own their homes, the vast majority in public [...]
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According to a recent article on PropertyGuru (Fixed-rate home loans gain steam in Singapore), more home buyers are looking to fixed-rate loans to finance their property purchases. However, Sibor packages are still the most attractive loans on offer, said John Lee, Head of LoanGuru.com.sg, a free online home financing service. Based on home loan applications [...]
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The number of approvals granted to permanent residents (PRs) who want to acquire landed homes in Singapore will likely fall by more than 50 percent after the criteria was further tightened recently, according to Law Minister K Shanmugam. “After the further tightening, I suspect we are looking at very few people who would qualify. I [...]
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By Cheryl Ong WITH their swimming pools, gyms and immaculate rooftop gardens, they could almost be mistaken for executive condominiums. In fact, they are office buildings in industrial estates – part of a new breed of developments designed to provide a stylish workplace for young entrepreneurs keen to get the creative juices flowing. Gone are [...]
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With their swimming pools, gyms and immaculate rooftop gardens, they could almost be mistaken for executive condominiums. In fact, they are office buildings in industrial estates – part of a new breed of developments designed to provide a stylish workplace for young entrepreneurs keen to get the creative juices flowing. Gone are the days when [...]
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Prime rents in Orchard Road have rebounded for the first time in nearly three years. That is according to a study by real estate consultancy CB Richard Ellis. Rents rose 5 per cent from the second quarter of 2011, to average S$31.60 per square foot per month. Rents were S$30.11 per square foot per month [...]
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Property watchers said a shortage of resale flats amidst strong demand is accelerating price growth. While some said more time is needed for new flats to be built, others think it is time to review the property cooling measures. Resale flat prices, which are already at an all-time high, rose 3.8 per cent in the [...]
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Nine units at Hijauan on Cavenagh have been sold over the past two weeks, at an average price of between S$2,200 psf and S$2,500 psf, said its developer Selangor Dredging Berhad (SDB). According to a Business Times report, eight units were sold to Malaysian buyers while the other unit was bought by a Singaporean. Listed [...]
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By Nicholas Yong Six 19th-century shophouses along Kreta Ayer Road were gutted and converted into a modern corporate office for 200 staff. The work included aligning the six units previously occupied by a pub, a clan association and the Singapore Anti-Tuberculosis Association, while preserving features such as the original pillars. Over in Cable Road, a [...]
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9 Kreta Ayer Road The Singapore office of agribusiness MNC Wilmar International is not in a high-rise building in the business district. Instead, it is housed in a row of six two-storey shophouses built between 1840 and 1900 in Bukit Pasoh. ‘Most people think Wilmar would be located in Raffles Place or a high-rise building,’ [...]
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28G Cairnhill Road Perhaps the most notable feature of this two-storey pre-war terrace house is a central courtyard that has been converted into a naturally illuminated sanctuary with a koi pond. The retractable skylight directly above it keeps the rain out and reflects the heat on warmer days. BACKGROUND STORY ‘My husband’s dream has always [...]
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19 Lorong 24A Geylang Step into house No. 19 in Lorong 24A Geylang and what catches your eye is the spiral steel staircase in its centre, enclosed in a ‘cage’ of aluminium strips. It is not the only industrial-looking element in this early 1900s two-storey shophouse. Aluminium screens shield two bathrooms on the upper level. [...]
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The private home market may have continued to enjoy robust turnover in the third quarter of this year but the prices of luxury apartments appear to have peaked. According to a report by property consultancy Savills, the average per sq ft price for non-landed high-end private homes dipped 2 per cent to S$2,243 for the [...]
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Analysts have said a lower supply of Housing & Development Board (HDB) resale flats has driven up the prices of such units. Prices of HDB resale flats in the third quarter jumped 3.8 per cent from a quarter ago. The squeeze on supply drove the steepest quarterly increase since the third quarter of 2010, which [...]
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The property market in Singapore has continued to defy expectations even as global economic prospects darkened, with prices for resale Housing and Development Board (HDB) flats as well as private homes hitting new highs in the third quarter. According to preliminary estimates from the HDB yesterday, the resale price index increased by 3.8 per cent [...]
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Housing demand falls as firms cut hiring over global economic fears By Esther Teo, Property Reporter RENTS of homes in prime areas have fallen for the first time in almost four years as global economic uncertainty means fewer executives are hired, according to a property consultancy. Average rents in districts 9, 10 and 11 dipped [...]
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Rising space constraints, a more affluent population, increasing home prices and office space occupancy costs have led more people to store their belongings in self-storage facilities. If the trend continues, businesses in the storage space leasing segment can expect subscriptions for their services to increase, according to a survey by Colliers International. To date, there [...]
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Aimed at repositioning the property to fit the creative vibe of its Bras Basah neighbourhood, PoMo shopping mall is to undergo a trendy S$8 million revamp. Formerly known as Paradiz Centre, the 10-storey development situated at 1 Selegie Road houses a diverse mix of retail and office tenants. The refurbishment will start in the first [...]
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The office rental forecast may likely drop five percent, with three million sq ft of office space coming against an estimated 1.5 million sq ft of net absorption in FY2013, said OCBC Investment Research. “In our base case, we expect vacancy levels to remain steady over FY11-12 before spiking in FY13 when three million sq [...]
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A year after it was sold, Chevron House, a 33-storey commercial building next to Raffles Place MRT station is expected to be put up for sale again, according to a Business Times report. The report added that Savills Singapore and CB Richard Ellis (CBRE) have been appointed to market the property. Formerly known as Caltex [...]
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The buzz in the industrial property sector continues in the second half of the year, with Henderson Industrial Building now being put up for sale by its two owners. The property, which was developed by Hong Fok more than two decades ago, is a four-storey freehold development located at the corner of Jalan Bukit Merah [...]
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Sep 26, 2011 – CommercialGuru.com.sg The tender for a 99-year leasehold commercial land parcel at Robinson Road / Cecil Street was awarded to Boo Han Holdings Pte Ltd and Pearlvine Pte Ltd, after jointly submitting the top bid of S$311.78 million in a pubic tender that closed on 20 September 2011. This translates to approximately [...]
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Sep 27, 2011 – CommercialGuru.com.sg The latest figures from CB Richard Ellis (CBRE) reveal that the average gross monthly Grade A office rental value for the third quarter grew 4.3 percent from the second quarter to S$11.10 psf. “We will probably not see any further rental growth for Grade A offices from now for at [...]
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Advertisement WIS@Changi set to rise from the heart of Changi Road. . The art of balance is a fine one, especially when it comes to the division of time between work, play and life. In our fast-paced society, the lack of time is often seen as a measure of success, that is, if you have [...]
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Sep 8, 2011 – PropertyGuru.com.sg Property developer Hoi Hup Sunway Tampines Ltd will conduct booking and balloting for its latest executive condominium (EC) development Arc at Tampines today, after being two times oversubscribed since it accepted registrations of interest on 31 August 2011. Many property agents said prices for the units are expected to range [...]
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After receiving a committed minimum bid of S$98 million from an unnamed developer, the Urban Redevelopment Authority (URA) announced yesterday that it will put up a hotel site at Jalan Bukit Merah / Alexandra Road for sale through a public tender. The site was made available for sale through the reserve list system on 16 [...]
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Singapore-based company Popular Holdings, through Popular Land Investment, has secured an en bloc sales deal to acquire Permai Court, a freehold residential site at Kampong Bahru, for approximately S$20.25 million. This works out to about S$982 psf ppr, taking into consideration an estimated S$2.5 million development charge (DC) and premiums for the adjoining site. Permai [...]
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Singapore has been ranked as the fourth most costly destination in Savills’ World Cities Review report, with the average value of luxury homes in the country increasing 144 percent over the past five years. “Singapore has the highest concentration of millionaire households in the world (16 percent with US$1 million plus), and the capacity to [...]
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Average prices of mass market homes in suburban areas have exceeded the psychological threshold of S$1 million, according to a Straits Times report. Data compiled by Ku Swee Yong, Chief Executive of International Property Advisor, and the Singapore Condo agency showed that values for new and resale private units in the second quarter averaged S$1 [...]
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The Housing & Development Board (HDB) launched more than 8,200 flats for sale yesterday, under the joint Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercises. So far, this is the biggest supply of flats in a single launch and home buyers from all income groups can enjoy a wide range of flat type selections [...]
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Sep 26, 2011 – PropertyGuru.com.sg The latest rules requiring property developers to be more transparent were expected to be in place by the end of this month. However, the Urban Redevelopment Authority (URA), says it needs more time to iron out the details for some of the proposals, after consulting with the industry. According to [...]
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Home owners of The Seaview, an upmarket condo in the east, are seeking $14 million for defects that have allegedly plagued the estate since 2008. In what is believed to be one of the largest amounts that a developer here is being sued for, the residents of the 546-unit project in Amber Road are suing [...]
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Inflation in August jumped more than expected, rising 5.7 per cent compared with a year ago, the Department of Statistics said on Friday. This was faster than a 5.15 per cent forecast by economists polled by Reuters. Compared with July, inflation inched higher, at 0.7 per cent. Higher costs of accommodation, private road transport and [...]
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By Cheryl Lim A BUYER has signed up to pay a record-breaking $19 million for a four-bedroom apartment at The Marq on Paterson Hill. The posh project near Orchard Road already holds the record in terms of price per square foot but this deal will easily trump it – no mean feat given the softer [...]
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DEVELOPMENTS that incorporate shops into a residential project are getting more popular with another site up for collective sale. Bids are expected to top $170 million for the Hong Leong Garden Shopping Centre in West Coast Way, according to marketing agent Credo Real Estate. The 150,816 sq ft site consists of 72 apartments and 66 [...]
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THE heat is going out of the luxury home market here and across the region, hit by factors from tighter mortgage lending to higher interest rates. The slowdown is affecting markets to different degrees but the trend shows prices softening across the region, with even red-hot Hong Kong coming off the boil. Prices in Singapore [...]
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Private property developer Pontiac Land has returned with the launch of two new luxury developments in Singapore, according to a Business Times report. Located at the old Pin Tjoe Court in Ardmore Park, Ardmore Residence is designed by the Amsterdam-based UNStudio. The development will comprise 58 units with a built-up area of about 3,300 sq [...]
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CapitaLand’s new condominium project in Bishan Central has been given the thumbs up by design experts, as well as residents living in the area. Renowned international architect Moshe Safdie was commissioned to design the development. The 540-unit condominium will comprise two 38-storey towers linked by three sky garden bridges. “The incorporation of densely foliated sky [...]
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City Developments Ltd (CDL) has sold another 115 units at Blossom Residences at Segar Road to second-time buyers or upgraders, increasing the number of total units sold to 319. Located along Segar Road at Bukit Panjang, the 602-unit executive condominium (EC) project is priced from S$548,000 for a two-bedroom unit to S$548,000 for a four-bedroom [...]
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By Esther Teo, Property Reporter FEARS that interest rates will rise and stifle the local housing market have all but disappeared amid the unfolding global stock market turbulence. In a bid to stabilise markets, the United States Federal Reserve this week vowed to keep US interest rates at historic lows for at least two more [...]
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By Esther Teo, Property Reporter DESPITE stock market and economic uncertainty, prices of well-located suburban homes near MRT stations might still inch up 1 per cent to 3 per cent in the second half of the year, says City Developments (CDL) executive chairman Kwek Leng Beng. Developers are likely to keep prices stable as demand [...]
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