Shops for sale at The Interlace
Eight strata-titled shop units at The Interlace, a 99-year leasehold development located at Alexandra Road / Depot Road, have been put up for sale by Knight Frank by Expression of Interest.The newly completed residential development (pictured) by CapitaLand Singapore Ltd and Hotel Properties...
Continue Reading • 7 Nov 2013
Far East's Miro takes top award
Far East Organization’s Miro condominium picked up the Best Residential Design Gold Award at the annual MIPIM Asia Awards, which took place in Hong Kong earlier this week.MIPIM Asia is regarded as the property leaders' summit in Asia-Pacific, and 33 winning projects were revealed at the...
Continue Reading • 7 Nov 2013
Real estate professorship launched
The National University of Singapore (NUS) has established the Ng Teng Fong Professorship in Real Estate, named after the late Ng Teng Fong, Far East Organization’s founding Chairman and visionary property tycoon.It aims to attract eminent and talented academics with the ability to combine...
Continue Reading • 6 Nov 2013
Serangoon Plaza sold in largest commercial collective sale
The shopping mall Serangoon Plaza (pictured) has been sold through a collective sale for S$400 million to Feature Development, a unit of Tong Eng Group. The price translates to a unit land rate of S$1,946 psf ppr. This makes it the largest collective sale of a commercial property and...
Continue Reading • 5 Nov 2013
Strong interest in Thailand property
The growing trend of Singaporeans buying and investing in Thailand property was underlined when more than THB130 million (S$5.15 million) worth of deals were done at PropertyGuru’s third Thailand Property Show, which took place in Singapore last weekend. The event, which was held in...
Continue Reading • 5 Nov 2013
Foreigners buy 9% of S'pore condos
Foreigners were responsible for nine percent of all Singapore condominium purchases during the first nine months of the year, according to newly-published research.Buyers from China were the largest foreign buying nationality (excluding PRs), accounting for 34 percent of all overseas buyers...
Continue Reading • 5 Nov 2013
Govt urged to promote healthy property market
The Real Estate Developers’ Association of Singapore (Redas) has urged the government to ensure that the property market remains healthy, media reports said. Speaking at the association’s 54th anniversary dinner last Friday, Redas President Chia Boon Kuah stated: “It is our hope...
Continue Reading • 4 Nov 2013
Location, lower prices moved Q3 residential sales
A report from Savills Research has revealed that location and affordability were the only two factors that helped move residential sales in the third quarter this year.New private home sales fell to 482 units in July as buyers digested the new total debt servicing ratio (TDSR) framework and...
Continue Reading • 4 Nov 2013
Two new residential sites up for sale
Two residential sites that could generate about 980 homes were launched for sale yesterday by the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA). HDB released an executive condominium (EC) site at Westwood Avenue under the confirmed list, while a land parcel in...
Continue Reading • 1 Nov 2013
Govt releases 5 industrial sites
Five sites at Tuas South and Gambas Crescent were released for sale on Thursday under the 2H2013 Industrial Government Land Sales (IGLS) Programme by the Urban Redevelopment Authority (URA) and JTC Corporation.The three land parcels in Tuas South (Plots 20, 22 and 24) each have a gross plot ratio...
Continue Reading • 1 Nov 2013
Lippo Karawaci takes top prize at SEA Property Awards
Indonesian residential and commercial property developer Lippo Karawaci scooped the top prize of Best Developer Southeast Asia at last night’s Southeast Asia Property Awards 2013 which took place in Singapore. The gala dinner and awards ceremony, which took place in front of more than...
Continue Reading • 1 Nov 2013
Commercial property trends and outlook
The Singapore office rental market was stable in Q2 2013, since Grade A office rents only fell by an average of 0.4 percent quarter-on-quarter. This was the smallest quarterly decline since it fell consecutive quarters from Q4 2011.Thus, there are hints that office rents are on the way to...
Continue Reading • 1 Nov 2013
Revisiting the importance of proper valuation
Why you should invest as much time valuing your property as you spend looking for one.Regardless of whether searching to buy a new unit, striving to sell an existing residence or simply doing anything property-related, the issue of valuation needs to be taken seriously to ensure that you are...
Continue Reading • 31 Oct 2013
District Watch: District 13
As the debate over city versus east coast living rages, District 13 sits nestled within easy access of both areas, a haven for those who strive to balance a busy work life with quality time outdoors.Comprising MacPherson, Potong Pasir and parts of Braddell, the District is well-serviced by public...
Continue Reading • 31 Oct 2013
Singapore's best battle for top awards
The third annual South East Asia Property Awards will see Singapore’s leading real estate players battle it out for top honours. To be held this Thursday (31 October) at Shangri-La Hotel in Singapore, the event recognises individuals and companies across the region who have displayed...
Continue Reading • 30 Oct 2013
Resale private home prices down 0.7% in Sept
Prices of resale private homes continued to fall in September, this time by 0.7 percent month-on-month following August’s 0.4 percent decline, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI) and reported in the media. Notably, three out of four categories...
Continue Reading • 29 Oct 2013
More than 200,000 new homes by 2016
With more private homes and executive condominiums (ECs) expected to be built over the next three years, the total number of units due by 2016 has increased to 204,461 from the previous forecast of 197,559, revealed National Development Minister Khaw Boon Wan. “We are making good progress...
Continue Reading • 28 Oct 2013
Fewer private homes sold to foreigners
Several nationalities, namely the Chinese, Malaysians, Indonesians and Indians bought fewer private homes in the third quarter this year compared to the previous quarter, according to data from DTZ and reported in the media. Specifically, the number of units purchased by Chinese, Malaysians and...
Continue Reading • 28 Oct 2013
Strong demand for The Inflora
The Inflora, a new condominium along Flora Drive in Upper Changi, received overwhelming response on Friday – its first day of launch. At the end of the day, more than 250 options to purchase were issued to prospective buyers. The Inflora is a 396-unit development by Hong Leong...
Continue Reading • 28 Oct 2013
Prices up for commercial property in Q3
Prices of commercial properties were up in the third quarter this year, with office space posting the highest increase of 1.0 percent, new data from the Urban Redevelopment Authority (URA) revealed. This is still lower than the 1.5 percent rise in the previous quarter.For shop space, prices...
Continue Reading • 25 Oct 2013