76% of The Sorrento condo sold
The Sorrento (pictured), a new freehold condominium on West Coast Road has seen strong interest from buyers since its launch last Friday, with around 100 of the 131 available units finding buyers, media reports said. Developer Allgreen Properties initially released 80 units, but given the healthy...
Continue Reading • 21 Apr 2014
Eye on Jurong: New Western Frontier
In recent years, this part of the island has been going through a holistic transformation by tapping on development potential and opportunities. Muneerah Bee explores. What used to be swamps and fish farms has since transformed into a vibrant suburban hub over the decades. Developed as an...
Continue Reading • 17 Apr 2014
500-800 new homes could be sold in April: expert
Excluding The Santorini condominium, sales of new private homes in March was robust despite the fact that take-up in the primary market fell 35 percent month-on-month, revealed a Credit Suisse report. Last month saw a total of 724 private residential units launched, the most since November...
Continue Reading • 17 Apr 2014
Singapore's measures discouraging foreign property investment
Overseas real estate investments tend to flow into countries with fewer tax regulations, according to Andrew Batt, International Group Editor of PropertyGuru in a recent interview with Channel NewsAsia.“There is a lot of money out there right now looking for investments in property, so the...
Continue Reading • 17 Apr 2014
Residential site at Prince Charles Crescent attracts 7 bids
The tender for a residential site (pictured) at Prince Charles Crescent (Parcel B) closed on Wednesday after attracting seven bids, said the URA. Launched for sale on 28 February, the land parcel measures 24,964.3 sqm and has a gross floor area (GFA) of 52,426 sqm. The top bid of $463.1 million...
Continue Reading • 16 Apr 2014
Big drop in March new home sales
Sales of new private homes in Singapore fell by about 34 percent month-on-month during March to reach 480 units, according to public data published today by the Urban Redevelopment Authority (URA).Including executive condominiums (ECs), the number of units sold increased marginally to 535. In...
Continue Reading • 16 Apr 2014
Q1 property investment up 24%: DTZ
Real estate investments in Singapore increased 24 percent quarter-on-quarter to $4.7 billion in Q1 2014, following a tripling in investment from the public sector, a DTZ report said.But on an annual basis, investment activity last quarter was lower than the $5.4 billion seen in the previous year....
Continue Reading • 15 Apr 2014
Big crowds turn up at Commonwealth Towers preview
More than 1,500 potential buyers turned up at the showflat of Commonwealth Towers on the first day of preview on Sunday, said its developer Hong Leong Holdings. Set to launch on May 1, the 99-year leasehold condominium located along Commonwealth Avenue has generated high levels of interest with...
Continue Reading • 14 Apr 2014
Oxley boss: UK must welcome overseas property buyers
The boss of one Singapore-based property developer has said the crackdown on overseas property buyers and investors in the United Kingdom could make them feel less welcome.Ching Chiat Kwong, Chief Executive of Oxley Holdings, was quoted by the Financial Times newspaper as saying overseas buyers...
Continue Reading • 11 Apr 2014
Overseas investment opportunities in the Singapore spotlight
Property investment opportunities from the United Kingdom, United States and Australia will be showcased under one roof at an event in Singapore this weekend.PropertyGuru’s inaugural UK-AUS-US Property Show will feature a number of property developments from these three ever-popular...
Continue Reading • 11 Apr 2014
Kallang seeing a real estate revival
The property boom in Kallang is gaining momentum, supported by the area’s city-fringe location and proximity to the central business district, according to Alice Tan, Research Head at Knight Frank Singapore. The precinct is also easily accessible via major roads and expressways such as...
Continue Reading • 11 Apr 2014
The Allure of Luxury Hotel Investments
It’s easy to see why buy-to-lease luxury hotel investment is rapidly gaining popularity among discerning investors around the world. Besides offering fixed or variable yields and being highly tax efficient, it provides investors with a pre-planned, fully managed exit strategy. Nikki Beach...
Continue Reading • 10 Apr 2014
Residential investment sales soar to $2.52 billion
Total residential investment sales surged to $2.52 billion in the first quarter of 2014 from just $1.16 billion in the quarter before due to the sale of seven housing sites by the government, revealed a Colliers International report.Compared to the $460.43 million in Q4 2013 from the sale of two...
Continue Reading • 10 Apr 2014
The Sorrento condo to launch at $1,380 - $1,600 psf
The Sorrento condominium (pictured) will officially launch next Saturday (19 April), marketing agent CBRE said.The public preview at the showflat along West Coast Link has already started and runs till 16 April. Developed by Allgreen Properties, the five-storey freehold project on the...
Continue Reading • 10 Apr 2014
S'pore has most X factor in Asia
Singapore has emerged in joint third place with Paris in a global ranking of international cities, which classifies them by their “X factor” for real estate investors.Released today by property consultancy Savills, the report ranked 12 cities based on a combination of global...
Continue Reading • 8 Apr 2014
62% drop in private resale home sales
Sales of resale private homes in Singapore sank in the first quarter this year with only 906 units in the secondary market changing hands, revealed a DTZ report. This is a decline of 34 percent compared to the previous quarter. Year-on-year, it represents a stunning 62 percent drop.Aside from the...
Continue Reading • 8 Apr 2014
Demand for GCBs picks up
Although buying activity in the private residential market remains weak due to stricter financing rules, demand for ultra-luxurious good class bungalows (GCBs) picked up in Q1 2014 as wealthy buyers returned to the market, a DTZ report said. Eight GCBs found buyers for a total of $225.8 million...
Continue Reading • 8 Apr 2014
Prime rents rose 1.1% in 2013
Prime property rental prices in Singapore grew by 1.1 percent in 2013 according to the latest Knight Frank Prime Global Rental Index which measures the performance of rental property at the top end of the market.Globally, prime residential rents in the 17 surveyed cities rose by 4.8...
Continue Reading • 8 Apr 2014
Your chance to name a condo
Singapore property developer Qingjian Realty has launched a competition to name two of its executive condominium (EC) developments in Singapore.The competition, which runs until April 30, is open to Singaporeans, permanent residents, student pass holders, valid employment pass holders and work...
Continue Reading • 8 Apr 2014
Hillview residential site goes on sale
A freehold residential site off Hillview Avenue is up for sale by tender, marketing agent DTZ said.The vacant site at 1 Jalan Remaja has an area of around 43,557 sq ft and a gross plot ratio of 1.92, including an additional plot ratio of 0.3. The land parcel could be developed into a 10-storey...
Continue Reading • 7 Apr 2014