Growth to outweigh challenges in Asia-Pacific's emerging markets
Indonesia has been ranked as the most efficient and transparent emerging real estate market in the Asia-Pacific region, and the fifth most efficient and transparent emerging real estate market in the world.Following Indonesia is Thailand which placed 11th overall and second in the region courtesy...
Continue Reading • 18 Jul 2014
OCR units lead June's sales volume
As expected, June was a slower month for private home sales. New sales volume in the Rest of Central Region (RCR) fell by about 66.7 per cent month-on-month (m-o-m) to 167 units, according to the Knight Frank’s Monthly Developers Sales report.The Outside Central Region (OCR) also saw a...
Continue Reading • 17 Jul 2014
S'pore preview for Vancouver icon ahead of Canada launch in Sept
Singapore property buyers and investors will get the pick of some of the best units at a Canadian project this weekend, when it holds a preview event in the city-state two months ahead of its global launch.Iconic Vancouver House was approved by the Vancouver City Council in October 2013 and made...
Continue Reading • 17 Jul 2014
Mauritius comes to Singapore
Property investments from the exotic island of Mauritius were showcased for the first time in Singapore last weekend – and potential buyers will have another opportunity to learn about the island and a luxury property investment there tonight (Wednesday).The development – Palmyra...
Continue Reading • 17 Jul 2014
Prime residential redevelopment site launched for sale
Spring Grove, a residential redevelopment site along Grange Road, is launched for sale by tender today, said Knight Frank Singapore. Located in one of Singapore’s most affluent neighbourhoods, Spring Grove is also close to Orchard Road.The site measures 24,481.2 sq m and currently...
Continue Reading • 16 Jul 2014
Condo's design may encourage mosquito breeding
More condominiums have unique water features, and some of these are turning into mosquito breeding areas, according to media reports. The Association of Property and Facility Managers said one way to prevent mosquito breeding is to ensure areas are designed in a way that facilitates maintenance...
Continue Reading • 16 Jul 2014
Sales volume, launches drop by half in H1 2014
4,476 homes were sold in the first six months of 2014, less than half the sales recorded in the first half of 2013, according to CBRE.“The drop in sales in the first half of the year is mainly the result of the fall in the number of launches. The number of units launched in the first half...
Continue Reading • 16 Jul 2014
Sales show severity of slowdown since TDSR, says JLL
Weakness in the Singapore private new home market is evident again in the low 418 units launched and 482 units sold in June 2014, said real estate agency JLL. These numbers are only a fraction of the 1,819 and 1,488 units launched and sold in May respectively. The weak launch number shows that...
Continue Reading • 15 Jul 2014
Slump in June new home sales
Sales of new private homes in Singapore including executive condominiums declined by more than 65 percent to 531 units after reaching 1,528 units in May, according to data published today by the Urban Redevelopment Authority (URA).The best-selling project by number of units sold in June –...
Continue Reading • 15 Jul 2014
City Gate brings district back into the spotlight
While Kampong Glam is known as a cultural and historical zone, its strongest suit is its location – which is on the fringe of the city centre, said property consultants in media reports.They noted that Kampong Glam’s investment outlook for the mid to long-term will be boosted by plans...
Continue Reading • 15 Jul 2014
Sembawang to have two adjacent ECs
The parcel for an executive condominium (EC) site at Sembawang Avenue has been awarded to FCL Tampines Court and KH Capital at the tender price of $214 million yesterday. The site is expected to house 620 units, as it has an area of 22,189.7 sq m and a maximum gross floor area of 62,131.16 sq m....
Continue Reading • 15 Jul 2014
United partners with Colliers' PRD
United Real Estate Group, an expanding North American real estate agency has finalised an affiliate partnership with Colliers International’s Asia-Pacific residential subsidiary PRDnationwide, that will see the two groups combine their influence and resources.PRDnationwide currently...
Continue Reading • 15 Jul 2014
Singapore investors dominate investment activity
Real estate investments in Singapore fell around 11 percent quarter-on-quarter to $4.4bn in Q2 2014, according to DTZ Research. This brings total investment volume in the first half of 2014 to $9.4 billion, which was about 17 percent lower than the $11.3 billion invested during the same period...
Continue Reading • 14 Jul 2014
Residential sector led decline in investment sales
Total investment sales value declined by 10.9 percent quarter-on quarter (QoQ) to $4.98 billion in Q2 2014 after rebounding 26.6 percent QoQ to $5.59 billion in 1Q 2014, according to a new report by Colliers International. The total investment sales value for H1 2014 also dropped by 43.6 percent...
Continue Reading • 11 Jul 2014
Printworks in Singapore spotlight
Galliard Homes, in conjunction with Singapore real estate agent JLL, will be showcasing its latest project to London property buyers and investors in the city-state this weekend.The Printworks, at Clapham Road in London’s SW9, will be exhibited in Singapore at St Regis Hotel Senator Room...
Continue Reading • 11 Jul 2014
Bulk Sale for Balmoral luxury condo
UPDATED: Treasure on Balmoral (pictured) is up for sale by Expression of Interest (EOI), announced Savills today. The freehold residential development, located in the prime Balmoral enclave in District 10, is developed by Hiap Hoe Group. Launched in January last year, it comprises...
Continue Reading • 9 Jul 2014
779 EC units unsold: MND
As of end May 2014, 779 executive condominium (EC) units had been launched and remained unsold. The Ministry of National Development (MND) revealed this following a written query at yesterday’s parliament session. In the next 18 months, about 6,800 EC units are expected to be launched. The...
Continue Reading • 8 Jul 2014
Buyers gunning for homes costing up to $1.2 mil
Buyers now prefer new private houses with a total price tag of up to $1.2 million rather than pricier units, due to the introduction of the total debt servicing ratio (TDSR) framework in June 2013. In the past 12 months, sales of private homes sharply declined for units costing more than...
Continue Reading • 7 Jul 2014
Property investment opportunities abound in Thailand
The Thailand Property Show is back this weekend with Thailand’s Ambassador to Singapore, His Excellency Marut Jitpatima gracing the event with an opening address. The exhibition will feature some of the country’s best investment and residential property options. About ten real estate...
Continue Reading • 4 Jul 2014
Property agencies team up to tackle challenging market
Four mid-sized property agencies in Singapore – OrangeTee, SLP International, Dennis Wee Realty and HSR International – have formed an alliance to better address the “shrinking pool of buyers”, said media reports.Dubbed Project Alliance Group (PAG), the alliance will rival...
Continue Reading • 3 Jul 2014