Sales of smaller units decline
Sales of so-called shoebox units in Singapore are declining, and questions remain as to how popular smaller-sized units will be in future years.According to official government data analysed by PropertyGuru, there were 2,057 units measuring below 500 sq ft in size sold during 2013. This compares...
Continue Reading • 14 Feb 2014
Home sales, suburban launches drop amid TDSR climate
Suburban projects saw unit sales and launches drop to their lowest levels in 2H2013 since the 2008 global financial crisis, according to data from Jones Lang LaSalle.Mass market private homes also saw take-up rates plunge to its lowest level since 1H2008 between July to December last year.This...
Continue Reading • 13 Feb 2014
Forget COV, welcome to CUV
The days of COV (cash-over-valuation) are already coming to an end as incidents of CUV – cash-under-valuation transactions – become more common in all sectors of Singapore’s property resale market.Examples of property buyers having to pay as much as S$100,000 above valuation...
Continue Reading • 13 Feb 2014
The reality of the resale market
Average resale prices of private properties across Singapore – excluding landed homes – fell by 0.98 percent month-on-month during January contrary to news reports earlier this week which suggested average prices in the city-state had increased by 2.3 percent over the same period.As...
Continue Reading • 12 Feb 2014
Tokyo project gets positive response
Japan, tipped by many established property investors as being one of the property investment hotspots for 2014, was attracting the attention of Singapore property buyers and investors last weekend.Local real estate agency OrangeTee was exhibiting Branz Azabu Mamiana-Cho – a 140-unit...
Continue Reading • 12 Feb 2014
UOL collects over 500 cheques for Riverbank @ Fernvale
The Riverbank @ Fernvale condominium (pictured) will open for booking this Friday (14 February) after receiving strong preview interest, said its developer UOL.The showflat in Sengkang has been open since last week to prospective buyers and investors. UOL said that the 555-unit project which...
Continue Reading • 11 Feb 2014
Private home prices to rise 2%: Savills
Despite a 3.7 percent growth in the economy in 2013, Singapore's residential property market failed to regain momentum in Q4 last year, according to a Savills report.For the whole year, new private home sales plunged 32.7 percent year-on-year to 14,948 units, while the number of resale and...
Continue Reading • 11 Feb 2014
Resale prices of completed condos rise again
For the second month in a row, resale prices of completed non-landed private homes have increased, according to new data.Despite this, sales of such homes continue to decline. Data from the Singapore Real Estate Exchange (SRX) revealed that resale prices in this sector grew by 2.3 percent in...
Continue Reading • 10 Feb 2014
Redas chief's Lunar New Year message
Redas President Chia Boon Kuah (pictured) delivered his Lunar New Year message last Friday at the Redas Spring Festival Lunch 2014.Here's part of the transcript of his message:In the last 50 years, property prices have trended steadily upwards in step with Singapore's expanding economic growth,...
Continue Reading • 10 Feb 2014
ERA partners with Auswell
ERA Network, Singapore’s largest real estate agency, has partnered with Australian firm Auswell to offer Singaporeans an “enhanced buying experience” when they are considering Australian property purchases and investments.The partnership, which came into effect late last year,...
Continue Reading • 10 Feb 2014
CDL's Kwek urges govt to tweak cooling measures
With concerns over the global economy, CDL’s Executive Chairman Kwek Leng Beng has suggested that it is time for the government to tweak the property measures, especially as the real estate market starts to cool. Speaking at the Real Estate Developers’ Association of Singapore (Redas)...
Continue Reading • 7 Feb 2014
Singapore base for global realtor
A Chicago-headquartered real estate company has picked Singapore as home for its Asia Pacific corporate office. The company, called Leading Real Estate Companies of the World, is the largest network of top independent local and regional brand-name brokerage firms in the residential sector of real...
Continue Reading • 7 Feb 2014
Thailand and Japan to tempt weekend buyers
Thailand and Japan will be vying for the attention of Singapore’s overseas property buyers and investors this weekend at two separate property exhibitions in the same venue. Jones Lang LaSalle is showcasing The Bay, Koh Samui (pictured), a small, luxury development of just 34 units on...
Continue Reading • 7 Feb 2014
Sengkang condo opens for preview
The Riverbank @ Fernvale condominium (pictured) is expected to attract strong demand when it opens for public viewing on Thursday. Located in Sengkang, the 555-unit development is the first major residential project to come onto the market after the Chinese New Year holiday. The 99-year leasehold...
Continue Reading • 6 Feb 2014
District Watch: District 19
Accessibility looks set to further boost the appeal of Singapore’s north-eastern district, writes Cheryl Tay. Hougang, Punggol, Sengkang and Serangoon Gardens make up Singapore’s District 19, an area known for its residential areas and its number of parks, reserves and recreational...
Continue Reading • 5 Feb 2014
5 facts you probably didn't know about Singapore property
Singapore population densityMany people regard Hong Kong as one of the countries with the highest population density in the world. To a large extent, that is absolutely true. Based on their population of 7,182,724 (July 2013 estimate) and their land size of 1,054 square kilometres (sq. km), the...
Continue Reading • 4 Feb 2014
Braddell View flat owners poised for windfall?
The last remaining HUDC estate bound for privatisation signals the end of the HUDC era, media reports said.Last week, the management committee of Braddell View announced that they were close to achieving the required authorisation from 75 percent of the residents."Symbolically, the...
Continue Reading • 4 Feb 2014
Demand for CCR homes to pick up in second half of year
Demand for homes in the Core Central Region (CCR) is expected to pick up in the second half of 2014 as prices continue to ease, said market watchers who were quoted in the media. Notably, home prices in the CCR dropped 1.9 percent last year.For this year, some analysts expect prices within the...
Continue Reading • 4 Feb 2014
ECA unveils new accommodation tool
Human resources consultancy ECA International has launched a new interactive accommodation tool to provide HR managers with a fast and easy way to set the right accommodation allowances for international assignees. The flexible, online interface draws on ECA’s extensive expatriate...
Continue Reading • 3 Feb 2014
Showflats stayed open during CNY
Some showflats remained open over the Chinese New Year break, although consultants did not expect sales to be as good as in previous years, media reports said. “Last two Chinese New Years, developers did relatively well as there were significant sales clocked,” noted Ku Swee Yong,...
Continue Reading • 3 Feb 2014