Home sales, prices to fall in 2014: experts
Experts quoted in media reports believe that property prices and transaction volumes will continue their downward trajectory, after Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said during Friday’s Budget that it was still “too early” to relax the property...
Continue Reading • 25 Feb 2014
Riviera Point launched again for en bloc
Riviera Point in District 9 (pictured) has been re-launched for collective sale by public tender, according to marketing agent Jones Lang LaSalle.The 33-unit residential development located at the junction of Kim Yan Road and River Valley Road has an asking price of more than $68 million. This...
Continue Reading • 24 Feb 2014
Property bubble unlikely in Singapore: Citi
The chance of a property bubble in Singapore is very slim as housing loans only account for a small portion of property values, according to comments from Citigroup which were reported in the media. Based on its analysis of government data, the country's $203 billion worth of mortgages amounted...
Continue Reading • 24 Feb 2014
Marine Parade gets new lease of life
The eastern suburb of Marine Parade which features a mix of private residential estates and public housing built in the 1970s and 1980s is expected to get a new lease of life thanks to upcoming new projects, said consultants who were quoted in the media. Among them is a 124-unit residential...
Continue Reading • 24 Feb 2014
RiverTrees condo to launch at $950-$1,150 psf
The RiverTrees Residences condominium in Sengkang (pictured) will open for public viewing on Valentine’s Day (14 February). But bookings will only start on 22 February. Developed by a Frasers Centrepoint-led consortium, the development fronting Punggol Reservoir is expected to TOP in 2018....
Continue Reading • 24 Feb 2014
220 units snapped up at RiverTrees launch
Over the weekend, the RiverTrees Residences condominium in Sengkang (pictured) sold 220 of the 300 units launched for sale in the initial phase, or around 73 percent.The project fronting Punggol Reservoir is being developed by a Frasers Centrepoint-led consortium and comprises 495 residential...
Continue Reading • 24 Feb 2014
GCB market picking up pace in 2014
The good class bungalow (GCB) market is on the road to recovery, with at least six transactions amounting to $170 million recorded since January 2014, according to media reports.For instance, philanthropist Saw Swee Hock sold his two-storey mansion at Bin Tong Park for $31.5 million. This works...
Continue Reading • 21 Feb 2014
Residential investment sales sank last quarter
Total residential investment sales slumped to $862.4 million in Q4 2013 from $2 billion in the previous quarter due to the debilitating effects of the additional buyer’s stamp duty (ABSD) and Total Debt Servicing Ratio (TDSR) framework, according to Savills.During the last three months of...
Continue Reading • 21 Feb 2014
Property market to face more challenges: CapitaLand
Singapore’s housing market is expected to face further pressure given the government’s repeated efforts to rein in property prices, said CapitaLand’s CEO Lim Ming Yan who was quoted in the media.“In the short term, with all the policy measures we see the residential market...
Continue Reading • 21 Feb 2014
CapitaLand delays launch of Marine Parade project
With the housing market badly hit by the government’s Total Debt Servicing Ratio (TDSR) ruling, property heavyweight CapitaLand has pushed back the launch of its condominium project in Marine Parade which was originally planned for late 2013, media reports said.Speaking at the group’s...
Continue Reading • 21 Feb 2014
Singapore is top Asian city for quality of living
Singapore has been ranked as the best in Asia and 25th globally for its quality of living in a new report.Interestingly the city-state’s position in Asia and globally has remained the same since last year’s report.The annual Mercer Quality of Living report, published today, helps...
Continue Reading • 20 Feb 2014
Novena apartment up for en bloc sale
A walk-up apartment in the Novena area has been put up for collective sale by public tender, according to marketing agent CBRE. The 16-unit development at 165-165Q Moulmein Road (pictured) has a land area of 16,935.9 sq ft and a plot ratio of 1.4. The gross floor area (GFA) amounts to 26,081 sq...
Continue Reading • 19 Feb 2014
More than 200 units sold at Riverbank @ Fernvale
The Riverbank @ Fernvale condominium (pictured) in Sengkang has sold more than 200 of the initial 250 units released last Friday under the first phase, said a UOL spokesperson. “One-bedders and two-bedders were the most popular, and 10 out of the 17 five-bedders at the project have been...
Continue Reading • 19 Feb 2014
Modest rise in private home sales
New private home sales increased 54 percent during January to reach 565 units, according to public data published today by the Urban Redevelopment Authority (URA).Including executive condominiums (ECs), 610 units were sold last month compared to the 333 homes taken up in December 2013 which was a...
Continue Reading • 18 Feb 2014
New private home sales may fall 20-30% in 2014
Developers launched more residential units and recorded higher sales last month compared with December 2013. However, the numbers remain relatively low say experts, an indication that the market is still reeling from the impact of the Total Debt Servicing Ratio (TDSR) framework. Excluding...
Continue Reading • 18 Feb 2014
Golf course redevelopment could yield 16,000 housing units
The government’s move not to renew the leases of Marina Bay Golf Course and Keppel Club is not down to land scarcity, but is about freeing up land in the prime and central areas. “In my opinion, land is not that scarce yet as Singapore still has a decent amount of land available...
Continue Reading • 18 Feb 2014
DBS chief says property prices to drop 10-15%
Housing prices in Singapore are expected to fall by 10 to 15 percent this year exceeding the 10 percent drop forecasted by property analysts, according to Piyush Gupta, Chief Executive Officer of DBS Bank who was quoted in the media. However, the decline will have no material impact on the...
Continue Reading • 17 Feb 2014
Overseas shows back in full swing
Overseas property exhibitions in Singapore return to full strength this weekend after the Chinese New Year break.Once again London will feature prominently, and taking centre stage is Royal Gateway (pictured) in the Royal Docks area in the east of the U.K. capital.Jones Lang LaSalle is showcasing...
Continue Reading • 14 Feb 2014
S$193m bid for Sengkang EC site
Phoenix Real Estate, a wholly-owned subsidiary of SingHaiyi Group, has submitted the provisional highest bid of S$193 million for a 99-year leasehold executive condominium site in Anchorvale Crescent, Sengkang.The highest of 12 bids, it was followed by MCL Land (Brighton) and Fantasia Investment...
Continue Reading • 14 Feb 2014
Why resale prices in the CCR will decline further in 2014
The Central Core Region of Singapore is currently the worst-performing in the private resale market, as our story ‘The Reality of the Resale Market’ earlier this week highlighted.Using official government data PropertyGuru revealed that average private resale prices in the Core...
Continue Reading • 14 Feb 2014