Ecopolitan EC receives strong response
Over 1,000 buyers have expressed interest for units at the Ecopolitan executive condominium (EC) after e-applications closed on Sunday. The strong demand seen over the past 10 days is the highest recorded so far this year. Developed by Qingjian Realty (South Pacific) Group, the 512-unit EC...
Continue Reading • 9 Jul 2013
S'pore projects feature strongly in architecture award nominees
The World Architecture Festival 2013 to be held in October at Marina Bay Sands has unveiled its shortlist of 300 projects from 50 countries competing for the prestigious industry awards.“From the subtle to the spectacular, from a four-room house to an 80-storey tower, the sheer quality and...
Continue Reading • 9 Jul 2013
Developers still optimistic on Singapore housing market
Singapore developers remain bullish on the residential property market considering their strong interest for Government Land Sales (GLS) sites in 1H2013. Over the last two years, the number and value of bids launched for such sites have been rising, according to a Knight Frank report.“The...
Continue Reading • 9 Jul 2013
Resale non-landed home prices post surprise growth
The growth in resale prices of non-landed homes in June was surprising, according to Alan Cheong, Research Head at Savills Singapore.In the Core Central Region (CCR), resale prices rose 5.5 percent while those in the Rest of Central Region (RCR) went up 0.5 percent. In particular, the big jump in...
Continue Reading • 8 Jul 2013
Q2 GCB deals worth $221m
The second quarter of this year could have seen at least S$221 million worth of deals in Good Class Bungalow Areas (GCBAs), according to The Business Times.Based on CBRE’s analysis of caveats data, the figure would be higher than the previous quarter's S$180.5 million worth of deals.A...
Continue Reading • 5 Jul 2013
Private home prices will not decline in Q3, says Knight Frank
A total of 8,247 new private residential units were launched by developers from January to May this year. Of these, a total of 8,368 units (excluding executive condominiums) were sold, according to Knight Frank’s latest Residential Bulletin.In Core Central Region (CCR), prices of high-end...
Continue Reading • 5 Jul 2013
Buying costs in SG among highest in the world
The costs of buying a property in Singapore are, along with Hong Kong, among the most expensive in the world for non-residents.New research from Knight Frank looked at the purchase costs associated with buying a new-build residential property in 15 prime property locations around the world.Hong...
Continue Reading • 5 Jul 2013
MAS ruling spooks some overseas investors
Last Friday’s announcement by the Monetary Authority of Singapore (MAS) to cap the amount of income that Singaporeans can use to finance a property purchase is already having an impact in property markets far beyond the shores of the city-state.Marc von Grundherr, Director of the...
Continue Reading • 5 Jul 2013
Govt measures cool landed homes market
Sales of landed properties in Singapore have fallen in the last few years as a result of the government’s cooling measures, according to analysts. Landed homes comprise approximately five percent of all residential properties in Singapore. As such, these units are highly-sought-after...
Continue Reading • 4 Jul 2013
Mustafa Centre owner calls 10-storey apartment home
Despite soaring property prices, Mustaq Ahmad (pictured), the owner of Mustafa Centre believes that building his own 10-storey apartment complex for S$11 million was a practical decision.“A home is the most important necessity for any person...Big or small, owning your own home is better...
Continue Reading • 4 Jul 2013
Tasting wine like a pro
PropertyGuru, Asia’s leading property portal, together with developer Tuan Sing Holdings, is holding an exclusive Wine Appreciation Talk at the Sennett Residence Sales Gallery next to Potong Pasir MRT station at 2:30pm this Saturday (6 June). Popular wine expert Charles Stephan, Managing...
Continue Reading • 4 Jul 2013
Wait and see approach pushes down auction market
Singapore's property auction market softened in Q2 2013 with only four properties sold at a total of S$5.045 million. However, interest levels grew as the number of properties that went on auction rose four percent from the previous quarter, according to a Jones Lang LaSalle...
Continue Reading • 4 Jul 2013
Historic bungalow put on the market
A 150,000 sq ft colonial bungalow in the Holland Road area has been launched for tender with a guide rental of S$50,400 per month, according to media reports.The 106-year-old property was once occupied by the French Ambassador and is now a state building managed by the Singapore Land Authority...
Continue Reading • 3 Jul 2013
Analysts say now is the right time to sell homes
With private home prices hitting an all-time high, analysts are telling investors that they must sell their properties now instead of waiting for prices to increase further.“At this point in time, URA's price index shows that prices are at an all-time high, so it is an opportunity for...
Continue Reading • 3 Jul 2013
Where to find affordable, well-located condos
Home buyers looking for cheaper yet well-located condominium units are drawn to districts 13 and 14, which offer a central location and relatively lower prices. In District 13, one of the most popular projects is the 868-unit Bartley Ridge (pictured). Launched in March, the 99-year...
Continue Reading • 3 Jul 2013
Singapore home prices rise
The Urban Redevelopment Authority (URA) and Housing and Development Board (HDB) yesterday released flash estimates for private home and resale flat prices for the second quarter of 2013.URA estimates that the overall private residential property index climbed 1.7 points quarter-on-quarter to...
Continue Reading • 2 Jul 2013
Weekend launches draw big crowds
New private residential projects launched over the weekend received healthy interest from potential buyers, according to media reports.J Gateway in Jurong which is being developed by MCL Land received 1,400 blank cheques as of Saturday, while 1,500 people showed up for the balloting. Overall, 736...
Continue Reading • 2 Jul 2013
Punggol EC oversubscribed 1.2 times
The newly-launched Ecopolitan executive condominium (EC) in Punggol has been 1.2 times oversubscribed, with 650 e-applications received since Friday, 5 June.Developed by Qingjian Realty (South Pacific) Group, the project comprises 512 units spread across eight blocks. Units range from three- to...
Continue Reading • 2 Jul 2013
Property auction market performs poorly in Q2
Singapore’s property auction market saw only four properties sold in Q2 2013 at a combined sales value of S$7.05 million, down 91.6 percent from S$83.44 million in the previous quarter.“The subdued property auction market in the second quarter is a clearer reflection of the impact of...
Continue Reading • 1 Jul 2013
Non-landed home prices down in May
Prices of completed private apartments and condominiums fell 0.2 percent in May compared to the 1.9 percent month-on-month increase recorded in April, according to flash estimates of the NUS home price index. The index monitors prices of completed non-landed private homes, excluding executive...
Continue Reading • 1 Jul 2013