More than 350 units sold at D'Nest preview
By Romesh Navaratnarajah: Close to 80 percent or more than 350 of the 450 units released at today’s sales preview of D’Nest (pictured) were snapped up as of 5pm today, with buyers out in force at its show flat in Pasir Ris since this morning. Launched by a CDL-led consortium, the...
Continue Reading • 18 Mar 2013
65% slump in new private home sales
By Romesh Navaratnarajah: Singapore's recent slew of cooling measures combined with the Chinese New Year break have hit the property market hard.708 new private homes were sold in February 2013, a 65 percent drop compared to the 2,013 units sold in the previous month, according to data from the...
Continue Reading • 15 Mar 2013
D'Nest sales preview launches with 7% discount
By Romesh Navaratnarajah: D’Nest, a new luxury nature-inspired condominium development in Pasir Ris begins its preview today, offering home buyers a range of one- to five-bedroom units and penthouses. The 912-unit project is developed by a consortium led by City Developments Limited (CDL)...
Continue Reading • 15 Mar 2013
Tanah Merah the next hotspot?
By Shabnam Muzammil: Tanah Merah is fast becoming a popular destination for property hunters following the launch of new developments in the vicinity, especially near the MRT station, reported The Straits Times. The area has seen the rise of three new projects in the last few years. The...
Continue Reading • 12 Mar 2013
Developer cuts prices amid property curbs
By Shabnam Muzammil:Top Global has reduced prices for its latest condominium project by 10 to 15 percent following the latest round of cooling measures, reported TODAY. As a result, prices at the freehold residential developments R Maison and E Maison, known together as The Maisons, are expected...
Continue Reading • 7 Mar 2013
The Maisons launching soon
By Romesh Navaratnarajah: Property developer Top Global Limited will launch two freehold five-storey residential developments in the coming weeks. Called R Maison and E Maison, or collectively known as The Maisons, both properties are targeted to be released around late March and...
Continue Reading • 7 Mar 2013
Freehold Ultra Mansion sold en bloc for S$149m
By Shabnam Muzammil:Despite forecasts of subdued en-bloc sales in the aftermath of the recent property cooling measures, Ultra Mansion (pictured), a freehold residential development near Novena MRT station in prime District 11 has been sold through a collective sale for S$149.130 million, in a...
Continue Reading • 6 Mar 2013
Luxury tax unlikely to deter property investors
By Nikki De Guzman:The latest property tax hikes for Singapore’s luxury homes has drawn mixed reactions from analysts with some saying it is unlikely to turn investors away, reported the news portal World Property Channel.“If we look at it in absolute quantum, in thousands of dollars,...
Continue Reading • 5 Mar 2013
New mixed devt to add buzz to Geylang
By Nikki De Guzman:Pavilion Square (pictured), a new freehold mixed-use development by Pollux Properties, is set to become the only shopping mall in the Geylang area for the foreseeable future. The project will comprise 42 apartment units within a single eight-storey residential block, designed...
Continue Reading • 5 Mar 2013
PropertyGuru invites public to take survey
By Nikki De Guzman: PropertyGuru, Asia’s leading property portal, is inviting the public to participate in its latest consumer sentiment survey that aims to gather general perception of Singapore's real estate climate. The Q1 2013 Property Affordability Sentiment Survey will run till...
Continue Reading • 5 Mar 2013
Is Singapore losing its shine?
By Romesh Navaratnarajah:From a strong first place finish in 2011 to 2012, Singapore slipped to third place on the Emerging Trends in Real Estate Asia Pacific survey in 2013. Jointly conducted by the Urban Land Institute and PricewaterhouseCoopers (PwC), the study provides a property outlook...
Continue Reading • 1 Mar 2013
1055 private housing units expected from two new sites
By Romesh Navaratnarajah: Two residential sites have been put up for sale which could yield 1,055 units and provide developers and home buyers with more housing options. Launched under the confirmed list of the 1H2013 Government Land Sales (GLS) Programme, the sites are located at Kim Tian Road...
Continue Reading • 28 Feb 2013
Majority of new home buyers have HDB addresses: report
By Romesh Navaratnarajah: For the first time since 2003, buyers with HDB addresses accounted for the bulk of demand (53 percent) in the new private homes market last year, according to a DTZ report. “In the primary market, the number of private homes bought by HDB addressees rose 34 percent...
Continue Reading • 28 Feb 2013
Rail link to narrow M'sia, S'pore price gap
By Farah Wahida: The future high-speed rail link between Singapore and Kuala Lumpur will benefit property developers and construction firms as it will reduce the price gap of properties in both countries in the long term. The project will also boost the construction and building materials sector,...
Continue Reading • 22 Feb 2013
Asia Pacific property professionals head to KL
By Andrew Batt:Asia’s leading property professionals and hoteliers will converge in Kuala Lumpur in May to celebrate the Asia Pacific region’s finest developments, architecture and interior design from 23 countries. The 2013 Asia Pacific Property & Hospitality Show, which...
Continue Reading • 21 Feb 2013
High-speed rail link to push up property prices
By Farah Wahida: The upcoming high-speed rail link project between Singapore and Malaysia is expected to boost property prices in both countries, according to property analysts. “We believe a high-speed rail link is going to boost the property value not only in Singapore but also in Kuala...
Continue Reading • 20 Feb 2013
Marina One design is unveiled
By Romesh Navaratnarajah: Prime Minister Lee Hsien Loong and his Malaysian counterpart Datuk Seri Najib Tun Razak today graced the unveiling of the design of Marina One, an integrated development in Singapore’s new central business district. Developed by M+S Pte Ltd, a 60:40 joint venture...
Continue Reading • 19 Feb 2013
La Fiesta is best-selling project in Jan
By Romesh Navaratnarajah: La Fiesta (pictured) by EL Development topped the list of best-selling residential projects for the month of January recording sales of 404 units, reported Singapore Business Review. Located in Sengkang, the condo project released 500 units for sale last month at a...
Continue Reading • 19 Feb 2013
Cooling measures leave developers anxious
By Romesh Navaratnarajah:With the government keeping a close eye on the property market, developers cannot help but feel “naturally anxious” over the latest cooling measures, according to Chia Boon Kuah, the new head of the Real Estate Developers' Association of Singapore (REDAS) and...
Continue Reading • 18 Feb 2013
House prices still too expensive: PropertyGuru survey
By Romesh Navaratnarajah: Driven by concerns that home prices will rise in the next six months, PropertyGuru’s Property Affordability Sentiment Index (ASI) fell further in Q4 2012, based on its latest quarterly Property Sentiment Survey done in collaboration with Blackbox Research which...
Continue Reading • 18 Feb 2013