Appreciation and awards for clients
Many of PropertyGuru’s Singapore real estate agency and property developer clients were rewarded with appreciation awards, a free movie screening and a cocktail reception last week at the inaugural Lunar New Year Appreciation event. A packed house of agents and developers reinforced the...
Continue Reading • 25 Jan 2014
Geylang East site awarded to highest bidder
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Geylang East Avenue 1 (pictured) to S L (Serangoon). The developer had submitted the highest bid of $145.89 million for the 99-year leasehold site.The tender exercise closed on Thursday after attracting 16...
Continue Reading • 24 Jan 2014
Secondary market deals down 50% last year
The secondary market witnessed a 50 percent drop in the number of private homes sold last year to 7,695 units from 15,678 units in 2012. This is the lowest since 2004 when only 6,476 units were transacted, according to caveats analysis by DTZ.Notably, the decline in secondary market transactions,...
Continue Reading • 24 Jan 2014
Private home prices post first decline since early 2012
Private home prices declined by 0.9 percent in the last three months of 2013, according to new URA data released on Friday.This is the first time that overall prices have fallen since the beginning of 2012.For the whole of last year, prices in this segment rose by 1.1 percent, lower than the 2.8...
Continue Reading • 24 Jan 2014
EcoHouse "back on track"
EcoHouse, developer of social housing investments in Brazil which sold to more than 700 individual property investment to Singaporeans over the last two years, has started paying outstanding 20 percent cheques to those of its clients who signed ‘Deeds of Modification’ just prior to...
Continue Reading • 24 Jan 2014
Call for data guidelines comments
The Singapore government is reminding its citizens about the public consultation on the proposed Real Estate Agency and Telecommunications Advisory Guidelines (PDPA).It is still seeking views from the public on the issues and scenarios raised within the published advisory guidelines.The 19-page...
Continue Reading • 24 Jan 2014
Land parcel near Aljunied MRT receives 16 bids
A residential site at Geylang East Avenue 1 (pictured) has attracted overwhelming interest, drawing 16 bids after its tender closed on Thursday, said the Urban Redevelopment Authority (URA). Launched for sale in December after a developer committed to bid at least $95 million, the site has a land...
Continue Reading • 23 Jan 2014
Chinese emerge as top non-Singaporean private home buyers
The Chinese emerged as the top non-Singaporean buyers of private homes here amid a 35 percent drop in private home acquisitions by foreigners last year.Among the top four nationalities, the biggest drop came from the Indians while the smallest came from the Chinese.Based on caveats analysis by...
Continue Reading • 23 Jan 2014
Glasshouse bucks 'quiet London' trend
EXCLUSVE: Singapore sales at Glasshouse Gardens, a Lend Lease joint development project in East London, bucked the trend of an otherwise quiet weekend for purchases of London property investments in the city-state last weekendIn what Richard Levine, Director of International Property Southeast...
Continue Reading • 22 Jan 2014
Bulk sale for Newton Imperial
Singapore real estate agency Savills has revealed details for the bulk sale of 21 freehold apartment units at Newton Imperial, located at 24 Newton Road. Arun Sugumaran, Senior Manager Savills Regional Capital Markets, said: “Newton Imperial presents a rare opportunity to acquire freehold...
Continue Reading • 22 Jan 2014
Market Outlook eBook launched
PropertyGuru, Singapore’s number one property portal has launched launch its Market Outlook 2014 eBook. As a first for Singapore, the eBook is available for free and can be viewed exclusively at www.propertyGuru.com.sg/propertyoutlook2014. Steve Melhuish, Co-Founder and Chief Executive...
Continue Reading • 22 Jan 2014
Luxury home prices to dip by 0.5%: Knight Frank
With high-end property developers banking on the exclusive locations of their projects, the luxury residential segment could see slower price declines of around 0.5 percent in Q1 2014 as compared to the previous quarter, according to Knight Frank.In spite of the latest cooling measures,...
Continue Reading • 21 Jan 2014
New launches draw strong crowds
There has been healthy interest from buyers for the first two major property launches in 2014.Launched on Sunday, The Panorama (pictured) sold 50 percent of the 120 units released for sale.Most of the apartments sold were two- and three-bedrooms with sizes ranging from 678 sq ft to 1,130 sq ft....
Continue Reading • 20 Jan 2014
London buyers out in force
EXCLUSIVE: Three London developments were attracting healthy levels of both interest and sales in Singapore last weekend.Silver Wharf (pictured) in the Limehouse area of the U.K. capital was selling well judging by the number of red ‘sold’ stickers on the sales board. Sarah Nicholson,...
Continue Reading • 20 Jan 2014
Fulton Lane buzz and sales
EXCLUSIVE: The was a distinct buzz at SP Setia’s Fulton Lane Melbourne property exhibition in Singapore last weekend, even though Steve Tan, Manager of Sales and Marketing for the developer was expecting a little better.He told PropertyGuru: “I think a lot of potential buyers of...
Continue Reading • 20 Jan 2014
Move to ‘prevent foreigner enclaves'
Singapore’s Housing Development Board (HDB) has introduced a limit on the number of non-citizens (NCs) it will permit to be subtenants in its properties.In a statement published earlier today HDB said the move was to “prevent the formation of foreigner enclaves in HDB estates, and...
Continue Reading • 17 Jan 2014
High expectations for 2014
Asia’s share of global revenues at non-Asian firms in the global real estate sector is expected to increase from 21.1 percent in 2013 to 33.3 percent in 2018, according to the Asia Business Outlook Survey 2014 (ABOS) from The Economist Corporate Network.“Our survey shows that...
Continue Reading • 17 Jan 2014
Guides to educate investors
Singapore real estate agency PropNex has launched three guides targeted at educating homebuyers, homeowners and investors about the different segments of the Singapore property investment market. Incorporating the dynamism of policies and measures that were introduced, these 14-page booklets aim...
Continue Reading • 17 Jan 2014
Avant Parc stands out as only launch in December
Avant Parc (pictured) has the distinction of being the only new private property project to launch in December 2013, according to analyst reports on the latest URA figures.Located along Wak Hassan Place in Sembawang, Avant Parc is a small landed housing development of just 15 units.A Jones Lang...
Continue Reading • 16 Jan 2014
Upper Paya Lebar site awarded to UOL Overseas Investments
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Upper Paya Lebar Road to UOL Investments, after it submitted the highest bid of S$39.30 million.Launched for sale on 18 November 2013, it received strong interest from developers, with seven bids submitted...
Continue Reading • 16 Jan 2014