Free property seminar at Hillion Residences
PropertyGuru, Asia’s leading property portal, will hold another consumer seminar this Sunday (25 August), starting at 2:30pm at the Hillion Residences showflat off Choa Chu Kang Road. The seminar will be on the potential and concept of mixed-use developments, which cater to the...
Continue Reading • 23 Aug 2013
Airbase redevelopment raises excitement
The plan to relocate Paya Lebar Air Base to Changi East has excited property players, as they look at options to redevelop the 800ha of land to be freed up, media reports stated. “Developers and property consultancies will be studying the land use and plot ratio of available lots in the...
Continue Reading • 22 Aug 2013
Fire at condo site forces 150 to evacuate
A fire broke out yesterday at a construction site along Meyer Road, where a 31-storey condominium project is being built, media reports said. David Lau, safety coordinator for the work site, said workers were seen running from the area at around 3pm when black smoke started coming out from...
Continue Reading • 22 Aug 2013
S'pore property won't crash on US monetary stimulus concerns
The reported tapering in the US monetary stimulus is unlikely to significantly impact property prices in Singapore, analysts have said. “It usually comes down because of distressed selling. But economic growth is stronger than expected. People are keeping their jobs...Even if it comes down,...
Continue Reading • 22 Aug 2013
TDSR pushing buyers to EC market
With stricter loan requirements set for private property, many buyers are now finding cheaper alternatives in the executive condominium (EC) market, media reports said. The shift is mainly due to the introduction of the Total Debt Servicing Ratio (TDSR) framework, which covers a borrower's...
Continue Reading • 21 Aug 2013
Home sales slump may be a blessing: KOP
The recent slump in sales of new private homes could be a blessing in disguise, according to Singapore-based developer KOP Properties.Transaction volumes in July fell a whopping 73 percent to just 481 units from the month before, revealed data from the Urban Redevelopment Authority (URA). This is...
Continue Reading • 21 Aug 2013
Luxury home prices may fall 6%: report
Singapore’s primary housing markets will see prices decline in the next 12 months due to a combination of higher mortgage rates and recent government policies, revealed a Jones Lang LaSalle report.The luxury prime market could witness a four to six percent price fall, while the typical...
Continue Reading • 21 Aug 2013
RV Residences launch this week
Allgreen Properties is expected to launch sales of condo units at RV Residences this week, with around 50 to 80 units being released initially, media reports said.The seven-storey development comprises 248 units with a mix of housing types from one-bedroom apartments to five-bedroom...
Continue Reading • 20 Aug 2013
NParks recognises 9 developments for greenery
Singapore’s National Parks Board (NParks) has recognised nine local developments for greenery and incorporating nature into their designs, under a new scheme. The Landscape Excellence Assessment Framework (LEAF) scheme is the first and only one in the country and assesses developments...
Continue Reading • 20 Aug 2013
Lush Acres exec condo 76% sold
The 380-unit Lush Acres executive condominium (EC) project in Sengkang has sold 289 of its units, or 76 percent over the weekend after bookings opened on Saturday. Developed by City Developments Limited (CDL), the EC comprises four 25-storey towers featuring three- to five-bedroom...
Continue Reading • 20 Aug 2013
Aljunied residential block on the market
The 99-year leasehold Avant at Aljunied (pictured) is up for sale by an expression of interest (EOI) exercise, revealed marketing agent CBRE.The residential block has a guide price of between S$42 million to S$44 million, which translates to around S$1,394 psf to S$1,461 psf on its gross floor...
Continue Reading • 20 Aug 2013
Coastal EC draws record number of applicants
Sea Horizon, the fifth executive condominium (EC) launched this year, ended its e-applications on Sunday with over 1,500 applications received, or more than three times subscribed. The 495-unit EC is believed to have achieved the highest number of applications for the year to date after...
Continue Reading • 19 Aug 2013
Harbour View Gardens sale hits brick wall
A Singapore court has thrown out an appeal filed by a group of consenting owners on the proposed S$33 million collective sale of Harbour View Gardens (pictured) in Pasir Panjang Road, media reports said. The decision upholds a previous High Court ruling by Justice Belinda Ang in April,...
Continue Reading • 19 Aug 2013
The Glades launching soon: report
Property developer Keppel Land will launch more residential units in Singapore and China within the second half of 2013, according to research house Nomura. The Glades (pictured), a 99-year leasehold condominium project comprising 726 units is expected to be launched soon. Located in Tanah Merah,...
Continue Reading • 19 Aug 2013
Home buying interest shifts to ECs
Aside from the big drop in sales of new private homes in July, data released Thursday by the Urban Redevelopment Authority (URA) also showed a trend of shifting interest towards executive condominiums (ECs), said media reports. ECs accounted for 18.9 percent or 112 units out of the 593...
Continue Reading • 16 Aug 2013
URA releases Sturdee Road site on reserve list
A residential site (pictured) at Sturdee Road off Serangoon Road is being offered for sale by the Urban Redevelopment Authority (URA) and is expected to provide developers and home buyers with more housing options. Released under the reserve list of the 2H2013 Government Land Sales (GLS)...
Continue Reading • 16 Aug 2013
Condo owners cry foul over new parking fees
A group of residents at Parc Oasis condominium (pictured) have sought help from the Strata Titles Board (STB) to address their parking woes, media reports said.The 22 owners are asking the STB to repeal a bylaw passed by the condo's Management Corporation Strata Title (MCST) council on 15...
Continue Reading • 16 Aug 2013
New home sales may have passed peak: report
The steep decline in new private home sales for the month of July indicates that transaction volumes of such properties has likely passed its peak, revealed a report from wealth management firm Religare.According to data released Thursday by the Urban Redevelopment Authority (URA), sales of units...
Continue Reading • 16 Aug 2013
Pasir Ris EC oversubscribed more than 2 times
The Sea Horizon executive condominium (EC) in Pasir Ris has attracted strong interest from prospective buyers, receiving more than 1,000 e-applications since its launch on 7 August. The 495-unit project is being developed by Hao Yuan Investment and Sustained Land and features twelve tower blocks...
Continue Reading • 15 Aug 2013
S'pore new home sales plunge
Sales of private homes launched by developers plummeted 73 percent from 1,806 units sold in June to just 481 in the month of July - the lowest recorded transaction volume in recent years, revealed data from the Urban Redevelopment Authority (URA). Including executive condominiums, 593 homes...
Continue Reading • 15 Aug 2013