Northern region has big investment potential: SLP
The northern region of Singapore offers good potential to industrialists looking to relocate or divert investment portfolio. According to property consultancy SLP International, there are many reasons why Woodlands is an investment hotspot. These include upcoming developments like Woodlands...
Continue Reading • 1 Jul 2013
Tender for Tampines site pushed back
The closing date for a residential site tender (pictured) at Tampines Avenue 10 (Parcel B) has been pushed back to 16 July from 2 July, according to the Urban Development Authority (URA). This is in light of the new housing loan measures announced by the Monetary Authority of Singapore (MAS) last...
Continue Reading • 1 Jul 2013
Rare HDB house sold for $1.02m
A 2,863 sq ft HDB corner house (pictured) in Whampoa was sold for S$1.02 million or about S$360 per sq ft back in April this year, according to media reports.The rare terrace property with a garden is one of just 285 HDB landed properties in the country and the fourth such type to be sold for...
Continue Reading • 1 Jul 2013
Singapore project finalist in 35th ULI Global Awards
The Urban Land Institute (ULI) has selected local development, The Quayside Collection (pictured), as one of the 27 projects as finalists in the 35th annual ULI Global Awards for Excellence, which recognizes the best real estate projects across the globe.Developed by Cityview Place Holding and...
Continue Reading • 27 Jun 2013
Hillview House up for sale
Hillview House (pictured), a freehold industrial building on a residential site at 1 Jalan Remaja, was launched for sale by tender, by sole marketing agent DTZ Debenham Tie Leung (SEA).The elevated plot spans an area of 43,557 sq ft with a gross plot ratio of 1.92. It can be developed into a...
Continue Reading • 27 Jun 2013
District 10 luxury condo to launch this weekend
One Balmoral (pictured), a 91-unit luxury condo by Hong Leong Holdings, is set to launch this weekend. Located in District 10 along Balmoral Road, the freehold development features one- to four-bedroom units ranging between 592 sq ft and 1,657 sq ft in size, and are priced from S$1.5 million....
Continue Reading • 27 Jun 2013
Free property seminar at Sky Habitat
Asia’s leading property portal PropertyGuru and CapitaLand are jointly organising a seminar at the Sky Habitat Show Suite next to Bishan MRT station this Saturday (29 June).The event will feature two key speakers: Keith Cheong, Head of Research & Analytics, PropertyGuru Group, will...
Continue Reading • 27 Jun 2013
Agent jailed 3 weeks for pocketing $2,900, forgery
Property agent Bentley Ang was jailed for three weeks after pocketing S$2,900 of his client’s money and committing forgery to cover up the crime, the local media reports.A former agent of Knight Frank Property Network, Ang pleaded guilty to forging his client’s handwriting and...
Continue Reading • 26 Jun 2013
Logistics Holdings to acquire Minton Court for S$13.4m
Logistics Holdings, through its indirect wholly-owned subsidiary Le Premier Development is set to acquire Minton Court (pictured) for around S$13.4 million, marking its first foray into property development.The purchase price is around S$1,010 per sq ft, based on the site’s land area of...
Continue Reading • 26 Jun 2013
S'pore prime office rents fall 16.3%
Rental prices of prime office space in Singapore fell the most anywhere in the world during the 12 months ending March 2013, according to new data from CBRE.Although Asia dominates the list of most expensive office locations, the price of prime Grade A office space in the city-state...
Continue Reading • 25 Jun 2013
Court proceedings underway for Thomson View en bloc sale
The High Court yesterday began the week-long hearing that will decide on the S$590-million collective sale of Thomson View (pictured) condominium.The case centres on whether the sale of the 255-unit development to a joint venture between Lucrum Capital and Wee Hur Development was made in good...
Continue Reading • 25 Jun 2013
CEA: We cannot force GST payments
Singapore’s Council for Estate Agencies (CEA) has confirmed that it does not have the power to force consumers to pay GST on commission fees charged by real estate agents.In an email sent to all Singapore real estate agencies yesterday, Yeap Soon Teck, Deputy Director (Licensing) for CEA,...
Continue Reading • 25 Jun 2013
Coronation Road site awarded for $366m
The tender for a residential site (pictured) at Coronation Road has been awarded to Athens Residential Development after submitting the highest bid of S$366 million or S$9,775.46 per sq m, according to the Urban Redevelopment Authority (URA).Launched for tender on 28 March, the 37,440.7sq m site...
Continue Reading • 25 Jun 2013
New condo sells half of its units in two hours
Freehold condominium Three 11 (pictured) in Upper Thomson Road sold half of its units in two hours after its launch, according to media reports.Knight Frank, the project’s sole marketing agent, revealed that 33 of the 65 units were sold mostly to Singaporean buyers who accounted for 80...
Continue Reading • 24 Jun 2013
Landed homes prices rising fast: DTZ
Prices of resale landed homes grew faster than their non-landed counterparts during the first half of 2013, according to survey conducted by DTZ.In prime Districts 9, 10 and 11, prices of freehold landed homes rose 3.1 percent while those of freehold apartment increased only by one percent. For...
Continue Reading • 24 Jun 2013
Asian housing markets in full swing
According to a report by Global Property Guide, housing markets in Asia have remained buoyant in the first quarter of the year in line with the overall boom seen across all global markets. Eight of the nine markets surveyed across the region, noted property price increases during Q1 2013....
Continue Reading • 24 Jun 2013
GST petition hits 300 supporters
An online petition directed at Council for Estate Agencies (CEA) President Greg Seow to make it mandatory for GST to be paid on agents fees has now attracted 300 signatures.Launched 10 days ago by Jason Lim of Vestor Realty, the petition was born from growing frustration among an increasing...
Continue Reading • 24 Jun 2013
Haze: Property viewings cancelled
The on-going haze situation in Singapore is having a detrimental effect on the real estate industry, with many agents reporting cancelled viewings and a lack of new enquiries.Agents contacted by PropertyGuru on Thursday and Friday also reported a signficantly low turnout of visitors at showflats,...
Continue Reading • 21 Jun 2013
Coronation Road residential site receives 12 bids
A residential site at Coronation Road drew strong interest with 12 bids when the tender closed yesterday, said the Urban Redevelopment Authority (URA).Launched for tender on 28 March, the 37,440.7sq m site offers a lease term of 99 years and is expected to yield about 140 landed housing units.The...
Continue Reading • 21 Jun 2013
Haze: Developers take precautions
Singapore's property developers are closely monitoring the haze situation that has seen the city-state blanketed in smoke from forest fires in Indonesia for much of the week.The Pollutant Standards Index (PSI) reached a record high of 401 at noon on Friday lunchtime – putting air quality in...
Continue Reading • 21 Jun 2013