Asia is top for property investments: expert
Asia is the world's top destination for property investments, according to Cushman & Wakefield’s Executive Chairman Carlo Sant’Albano.“Interest in real estate is absolutely as high as we have ever seen,” he said in an interview in Tokyo. “When you look at the...
Continue Reading • 19 Jul 2013
PropertyGuru agent seminar next Tuesday
To help property agents find the right property to market, real estate portal PropertyGuru will hold an Agent Seminar at HDB Hub Auditorium (B1) next Tuesday (23 July) between 12:30pm and 5:00pm. At the event, experts will share insights on how to identify the 'gems' within the property...
Continue Reading • 19 Jul 2013
No sign of foreign buying law changes
Restrictions for international property buyers and investors who want to buy property in the Asia-Pacific region are unlikely to be lifted in the near future, according to Knight Frank’s latest review of property markets in the region.Although the number of cross-border residential property...
Continue Reading • 18 Jul 2013
More agents marketing commercial, overseas properties
After a slew of cooling measures that mainly affected the residential market, property agents are beginning to diversify their income into other segments, including commercial and industrial sectors as well as overseas projects.PropNex Realty Chief Executive Officer Mohamed Ismail said about 10...
Continue Reading • 17 Jul 2013
Residential market dominates property sales in June
Investment sales in the residential market accounted for 55 percent or S$3.3 billion of the total S$6.0 billion transaction volume recorded in Q2 2013, according to Savills. Within the quarter, there were seven residential sites awarded under the Government Land Sales (GLS) Programme at a...
Continue Reading • 17 Jul 2013
PropertyGuru holds successful seminar at Sky Habitat
Asia's leading real estate portal PropertyGuru and property giant CapitaLand successfully staged an exclusive property seminar at the Sky Habitat Show Suite next to Bishan MRT station on 29 June. The event featured two key speakers: Keith Cheong, Head of Research & Analytics,...
Continue Reading • 17 Jul 2013
The Quinn to launch end of July
Property developer Top Global Limited is expected to launch its newest freehold residential development along Bartley Road by the end of this month.The Quinn will comprise four five-storey apartment blocks and 139 apartment units ranging from one- to three-bedders and penthouses. “The Quinn...
Continue Reading • 17 Jul 2013
CDL's new EC over-subscribed
The 380-unit Lush Acres executive condominium (EC) at Fernvale Close in Sengkang has been over-subscribed by 1.6 times following an e-application exercise over the weekend. Developed by City Developments Limited (CDL), the project saw keen interest from buyers due to its proximity to amenities...
Continue Reading • 17 Jul 2013
Tampines housing site attracts strong interest
A 99-year leasehold residential site (pictured) at Tampines Avenue 10 has received overwhelming response attracting a total of 10 bids when its tender closed yesterday, according to the Urban Redevelopment Authority (URA). MCC Land (Singapore) submitted the top bid of S$289.7 million for the...
Continue Reading • 17 Jul 2013
Private home sales to moderate after June spike
Although developers successfully sold 1,806 new private homes excluding executive condominiums (ECs) in the traditionally quiet month of June, the spike in primary sales is not expected to continue moving forward, according to PropNex Realty. “June’s numbers indicated an...
Continue Reading • 16 Jul 2013
Large spike in new private home sales
New private home sales in Singapore for the month of June rose 24 percent month-on-month to reach 1,806 units, according to data from the Urban Redevelopment Authority (URA). Compared to the same period last year, this is a 32 percent spike. Including executive condominiums (ECs), home sales in...
Continue Reading • 15 Jul 2013
Mixed weekend for overseas property exhibitions
The impact on overseas property investments from the recent loan-to-ratio cap introduced by the Monetary Authority of Singapore (MAS) appears mixed.Last weekend, PropertyGuru’s Malaysia Property Showcase, held at Marina Bay Sands, attracted more than 2,000 attendees who were keen to...
Continue Reading • 15 Jul 2013
Slow weekend sales at Vue 8 preview
With buyers remaining cautious over the government’s recent home loan curbs, sales were generally conservative at the weekend preview of Vue 8 Residence (pictured) in Pasir Ris, according to media reports.Only 50-plus units out of about 100 released were reportedly sold at the 99-year...
Continue Reading • 15 Jul 2013
S'pore among most expensive for foreign home buyers
The purchase costs of new-build prime homes sold to foreign buyers in Singapore were ranked second-highest in the world, according to a Knight Frank study. The Global Development Insights Q2 2013 report compares the fees and costs of buying new prime residential properties across global...
Continue Reading • 15 Jul 2013
Sengkang EC to open for e-application
The 380-unit Lush Acres executive condominium (EC) along Fernvale Close will open for e-applications from 13 to 21 July.Developed by City Developments Limited (CDL), the project comprises three- to five-bedroom apartments, with suite and premium options for some units. Spread across four...
Continue Reading • 12 Jul 2013
New regulations lead to fewer choices for home buyers
The new housing loan rules introduced by the Monetary Authority of Singapore (MAS) will severely limit the choices among second-time buyers, according to a Citibank report. Since the curbs took effect, buyers looking to purchase a second property can only afford a home that is 30 percent more...
Continue Reading • 11 Jul 2013
Buyers shift to smaller homes: DBS
The latest changes to the Total Debt Servicing Ratio (TDSR) by the Monetary Authority of Singapore (MAS) will see home buyers turning to smaller units to offset price hikes. The move is also expected to affect volume demand, particularly coming from buyers with higher incomes, according to...
Continue Reading • 11 Jul 2013
Wave of capital inflows into Asian property
Although the region is only recovering at a gradual pace, major buyer groups remain confident about acquiring properties in the Asian market, noted a report from LaSalle Investment Management. “There is a broad spectrum of capital targeting Asian real estate, with an ongoing structural...
Continue Reading • 11 Jul 2013
New Pasir Ris devt to be launched
Buyers looking for a seafront property will be heading east this weekend for the launch of Vue 8 Residence at Pasir Ris.The 463-unit condominium development, on Pasir Ris Drive 3, is expected to fetch prices between S$900 and S$1,200 psf.SLP International has been appointed the sole marketing...
Continue Reading • 11 Jul 2013
Investors key to healthy property market, says OCBC chief
Investors could help Singapore’s long-term property market health despite the possibility of a correction, according to the head of OCBC Bank.Chief executive Samuel Tsien said yesterday Singapore's property market was likely to remain resilient and healthy in the long term despite possible...
Continue Reading • 10 Jul 2013