Latest GLS sites to see keen interest
By Shabnam Muzammil: Two residential sites at Woodlands and Coronation Road released last Thursday under the confirmed list of the Government Land Sales (GLS) Programme are expected to see healthy demand from property players, analysts said. Developer interest for the executive condominium...
Continue Reading • 2 Apr 2013
House price growth muted in Q1
By Romesh Navaratnarajah: The Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) released today their flash estimates for the Q1 2013 Resale Price Index (RPI) and private residential property price index respectively.HDB’s RPI stands at 205.4 which reflects a 1.2...
Continue Reading • 2 Apr 2013
Shunfu HUDC estate privatised
By Romesh Navaratnarajah:After almost 12 years of trying, Shunfu HUDC estate (pictured) has finally undergone privatisation to become a strata-titled property, said the Housing and Development Board (HDB).The estate comprises 358 flats spread across Blocks 314, 315, 316, 317, 318 and 319 Shunfu...
Continue Reading • 1 Apr 2013
Govt releases 3 residential sites for sale
By Romesh Navaratnarajah: The Urban Redevelopment Authority (URA) and Housing and Development Board (HDB) today launched three new residential sites for sale under the Government Land Sales (GLS) Programme for 1H2013.Offered on a 99-year lease, all three sites could yield a total of 845 housing...
Continue Reading • 28 Mar 2013
Rare Japanese property to launch in Singapore
By Romesh Navaratnarajah:An exclusive freehold 24-storey residential tower in Nishiazabu, Tokyo will be launching in Singapore this weekend (30 – 31 March) at St. Regis Hotel. The launch of The Parkhouse (pictured) provides a rare opportunity as this is only the fourth Japanese...
Continue Reading • 28 Mar 2013
Pearls Centre owners receive $444m compensation
By Shabnam Muzammil:Owners at Pearls Centre along Eu Tong Sen Street in Chinatown have been issued S$444 million in compensation and promised further relocation assistance, according to media reports.Analysts previously forecasted the market value of the strata-titled property to range between...
Continue Reading • 28 Mar 2013
Slew of commercial properties sold at UK auction
By Nikki De Guzman:UK property firm Allsop sold 79 percent or £53 million (S$99.8 million) worth of commercial properties at an auctions event in London yesterday.According to the consultancy, the strong turnout reflected ongoing appetite for correctly priced stock with 75 percent...
Continue Reading • 27 Mar 2013
Calls for more investment in Asia: report
By Shabnam Muzammil:Investors should maintain their investments but also look at other options in the region, noted a report from Pacific Star Group.It highlighted factors that are likely to boost interest in Asia, including the rapid development of gaming tourism, the rise of Iskandar Malaysia...
Continue Reading • 27 Mar 2013
330 units sold in 10 days at Urban Vista condo
By Nikki De Guzman:Just 10 days after its launch, over 82 percent or 330 of the 400 units released at Urban Vista condominium (pictured) have been sold. Jointly developed by Fragrance Group and World Class Land, prices during the VVIP preview ranged from S$588,000 for a one-bedroom unit to about...
Continue Reading • 26 Mar 2013
Kismis Lodge sold collectively for $84.2m
By Shabnam Muzammil:The freehold Kismis Lodge (pictured) along Lorong Kismis has been sold in a collective sale for S$84.18 million to Newfort Alliance (Cairnhill). Brokered by Jones Lang LaSalle (JLL), this is the third en bloc deal this year. Over 80 percent of owners consented to the selling...
Continue Reading • 26 Mar 2013
Balestier a new haven for property hunters
By Shabnam Muzammil:The Balestier area (pictured) is shedding its image as a red-light district and is attracting home buyers with several upcoming launches, reported The Straits Times.Notable enhancements include the revamp of Sun Yat Sen Memorial Hall and the launch of an integrated project...
Continue Reading • 25 Mar 2013
4 new launches coming to market soon
By Romesh Navaratnarajah:Four new private housing developments will be launching over the next two weeks, providing prospective buyers with a variety of housing options in much sought-after locations. Oxley Mosaic will unveil its 50-unit Oxley Edge at 308 River Valley Road this Thursday (28...
Continue Reading • 25 Mar 2013
125 units sold at Hillion Residences
By Nikki De Guzman:Hillion Residences (pictured) has sold 50 percent of the 250 units released for sale since its preview began on Monday, according to its developer Sim Lian JV (BP).The sale preview for the condo in Bukit Panjang was opened to business associates and buyers who registered their...
Continue Reading • 22 Mar 2013
Sim Lian releases 250 condo units at Hillion Residences
By Nikki De Guzman:A new mixed-use development comprising a condominium, retail mall and bus interchange was launched in Bukit Panjang today. Developed by Sim Lian JV (BP), Hillion Residences (pictured) is the first project of its kind in the west to integrate private homes with commercial...
Continue Reading • 21 Mar 2013
Over 80% of units sold at Urban Vista
By Romesh Navaratnarajah:The newly-launched Urban Vista condominium (pictured) has seen keen interest from buyers, with 250 of the 310 units released (over 80 percent) sold at its three-day weekend preview. Jointly developed by Fragrance Group and World Class Land, apartment prices ranged from...
Continue Reading • 19 Mar 2013
New condo to launch at popular hotspot
By Shabnam Muzammil: A new 99-year leasehold condominium at Bartley by Mount V Development (a joint company of Hong Leong Holdings, City Developments and TID) is set to be unveiled.Bartley Ridge (pictured) comprises nine 18- and 19-storey blocks with units ranging from one- to four-bedders and...
Continue Reading • 19 Mar 2013
CDL sees overwhelming response to Pasir Ris condo
By Nikki De Guzman:Close to 80 percent or 500 of the 650 units released at D'Nest (pictured) were snapped up at the condo's preview over the weekend. Jointly developed by CDL, Hong Leong Holdings and Hong Realty, the 912-unit development at Pasir Ris Grove estate comprises 12 blocks of 11-...
Continue Reading • 19 Mar 2013
Lam Soon Industrial Building up for collective sale again
By Romesh Navaratnarajah: The 10-storey Lam Soon Industrial Building (pictured) at 63 Hillview Avenue has been re-launched for collective sale, according to marketing agent Colliers International. The 230,915 sq ft freehold property comprises 154 warehouses and light industrial factories. The...
Continue Reading • 18 Mar 2013
Condos in east see strong buyer demand
By Nikki De Guzman:Urban Vista (pictured) in Tanah Merah saw robust sales at its preview on Saturday, with over 180 of the 230 units released snapped up at an average price of S$1,350 psf.According to The Straits Times, most buyers were investors attracted to the project's good location. Jointly...
Continue Reading • 18 Mar 2013
New projects to revive Potong Pasir
By Shabnam Muzammil: Potong Pasir is set to shed its backwater image with new projects that are expected to liven up the area, reported The Straits Times. Residential launches, namely 18 Woodsville, Nin Residence, Sant Ritz and Sennet Residence (pictured) will boost the town's supply of private...
Continue Reading • 18 Mar 2013