Overwhelming response from buyers at Sky Vue launch
The 99-year leasehold Sky Vue condominium in Bishan Central has attracted strong interest from buyers since its launch on Saturday.So far, more than 410 of the 505 units released for sale at the 694-unit project have been sold, at an average price of S$1,500 psf.Its developer CapitaLand said that...
Continue Reading • 30 Sept 2013
GCB market bracing for another sluggish year
You know the cooling measures are working when even the wealthy put off buying luxury homes. One such example is the good class bungalow (GCB) market which is expected to see a slowdown in sales activity this year. By definition, these properties have a minimum land plot size of 1,400 sq m...
Continue Reading • 27 Sept 2013
Netizens urge Jem not to rush reopening
More than a week after the collapse of a partial false ceiling at Jem, the shopping mall remains closed to the public, with rectification works well underway by the property's management. At the same time, many netizens have shared their views on the incident, with some of them...
Continue Reading • 27 Sept 2013
House of Tan Yeok Nee may sell for below $90m
The House of Tan Yeok Nee (pictured) is being sold for under S$90 million, with Pua Seck Guan's Perennial Real Estate Holdings tipped as the buyer, media reports said. Restored in 2000, the gazetted national monument along Penang Road is being sold by ERC Holding's special purpose vehicle, which...
Continue Reading • 27 Sept 2013
Freehold bungalow on sale for over $30m
A three-storey freehold bungalow along Jervois Road in District 10 has been put up for sale by tender, according to marketing agent Knight Frank.With a land area of around 14,824 sq ft, the site is zoned residential with a gross plot ratio of 1.4 and a height limit of five-storeys under the 2008...
Continue Reading • 26 Sept 2013
Two malls go on sale
Serangoon Plaza (pictured) has been put up for collective sale, revealed Savills Singapore. The five-storey complex at 320 Serangoon Road comprises 128 units of retail and office space. With an area of around 68,521 sq ft and plot ratio of 3.0 under the 2008 Master Plan, the site has been zoned...
Continue Reading • 26 Sept 2013
Private home prices unchanged: report
Despite lower transaction volumes, prices of resale private homes remained flat in Q3 as the Total Debt Servicing Ratio (TDSR) begins to bite, revealed a DTZ report.Notably, the TDSR framework has lengthened the loan application process, hindering multiple property owners from investing further...
Continue Reading • 26 Sept 2013
CapitaLand luring buyers with more affordable prices
Property giant CapitaLand is set to launch its much-anticipated Sky Vue condominium this Saturday (28 September) and expects to see healthy interest from buyers. The 99-year leasehold project in Bishan Central comprises 694 units of one- to three-bedrooms and penthouses. Average prices are...
Continue Reading • 25 Sept 2013
Now harder for agents to make money on the side
The successive rounds of cooling measures have seen property agents who used to make money on the side from property investments, now finding it more difficult to do so, revealed media reports.According to the Council for Estate Agencies (CEA), these agents comprise a small portion of the agent...
Continue Reading • 24 Sept 2013
Shoebox units fuelling demand for rental homes
Buoyed by a surge in interest for shoebox apartments, rental demand for housing units remained strong in Q2, according to media reports.Based on data from Square Foot Research, rental contracts in the non-landed private residential market grew 11.6 percent from the previous year to 12,352 in the...
Continue Reading • 23 Sept 2013
240 tenants at Jem affected by ceiling collapse
Shopping mall Jem (pictured) will remain closed until further notice following Wednesday's collapse of part of a ceiling on the first floor.More than 240 tenants at the mall are affected by the temporary closure.On its Facebook page, Jem said it is carrying out further checks and rectification...
Continue Reading • 20 Sept 2013
S'pore offers best value to relocating firms
Singapore has been ranked the most cost-effective city to house staff despite its relatively high rents, according to recent research.A report by Savills showed the city-state topped Sydney and Moscow, offering better value for money when total accommodation costs were measured against gross...
Continue Reading • 20 Sept 2013
Thomson Three sees strong preview interest
The much-anticipated Thomson Three residential development will launch this Saturday (21 September). This is the first large-scale condominium to be launched in the Thomson area since 2011. Jointly developed by UOL Group and Singapore Land, the 99-year leasehold property comprises 435 one-to...
Continue Reading • 19 Sept 2013
Luxury EC to open for e-application soon
The new Waterwoods executive condominium (EC) is set to open for e-applications on 27 September. The 373-unit project at Punggol Field Walk/Punggol East will comprise a mix of housing types such as two-to five-bedders, maisonettes and penthouses, with sizes ranging from 807 sq ft to 1,722 sq...
Continue Reading • 19 Sept 2013
Sunshine Plaza offices on sale with rental guarantees
Prime strata office units at Sunshine Plaza (pictured) with a guaranteed rental yield of up to 4.5 percent have gone on sale, according to marketing agent DTZ. Comprising retail, office and residential units, the mixed-use building at 91 Bencoolen Street offers dual frontage onto Bencoolen Street...
Continue Reading • 18 Sept 2013
URA launches public tender for Havelock Road site
A prime hotel site at Havelock Road was launched for sale by public tender today, revealed the Urban Redevelopment Authority (URA).The land parcel had earlier been released from the reserve list of the Government Land Sales (GLS) Programme after a developer submitted a minimum bid of S$18...
Continue Reading • 18 Sept 2013
Seletar Hills bungalow on sale for $15m
A large corner bungalow in the mainly landed residential estate of Seletar Hills has been launched for sale by private treaty at a guide price of S$15 million, according to marketing agent Savills.Located off Seletar Road, the property at No.7 Begonia Crescent has a land area of 10,027 sq ft and...
Continue Reading • 18 Sept 2013
5 projects causing buzz
August sales of new private homes shot up to 742 units - a 54 percent hike compared to July, according to latest figures released on Monday by the Urban Redevelopment Authority (URA). The best performer was Wing Tai's The Tembusu, a 337-unit condominium project located in the Kovan area....
Continue Reading • 17 Sept 2013
Muted home sales to continue, say analysts
Home buying demand is expected to remain sluggish in September due to the Total Debt Servicing Ratio (TDSR) rule implemented on 29 June that affects all property loans, several consultants said. They do not expect developers' sales volume to exceed 800 units this month, a sharp...
Continue Reading • 17 Sept 2013
Big turnout at Forestville seminar
A large crowd attended PropertyGuru's latest consumer seminar held at the Forestville showflat last Saturday afternoon (14 September). Over 120 prospective buyers, the majority of whom were young couples and HDB upgraders, participated in the two-hour event. PropertyGuru's Head of...
Continue Reading • 17 Sept 2013