Unique features give projects a boost
By Cheryl Tay:Aside from huge penthouses, developers have other unique ways to give their projects added edge to lure more buyers, reported The New Paper.Among these is the sky garage featured in the 30-storey Hamilton Scotts condo (pictured), which enables residents to park their cars right...
Continue Reading • 10 Jan 2013
Pinehill Investments awarded Ang Mo Kio residential site
By Cheryl Tay:A residential site located at Ang Mo Kio Avenue 2 has been awarded to Pinehill Investments Pte. Ltd, which lodged the top bid of S$550 million for the 99-year leasehold site, said the Urban Redevelopment Authority (URA).Launched for tender on 15 November, the site received...
Continue Reading • 10 Jan 2013
SC Global bids for sales extension at The Marq
By Cheryl Tay:SC Global Developments has revealed that it needs to fork out S$5.5 million to obtain a six-month extension to sell all units at The Marq on Paterson Hill (pictured).In a statement, the developer said it has received a letter from the Singapore Land Authority (SLA) indicating that...
Continue Reading • 10 Jan 2013
Abolish ECs, suggests an expert
By Shabnam Muzammil: The recent debate over executive condominiums (ECs) has resulted in some experts calling for such housing to be scrapped altogether.Alan Cheong, Research Head at Savills Singapore, suggested that the abolishment of ECs or another option being for the government to take full...
Continue Reading • 9 Jan 2013
New cooling measures possibly looming: experts
By Shabnam Muzammil: Recent comments by National Development Minister Khaw Boon Wan on the issue of expensive executive condominiums (ECs) could be a sign that the government is looking to implement another round of property cooling measures. At a DTZ seminar held yesterday, the consultancy...
Continue Reading • 9 Jan 2013
URA receives 12 bids for Ang Mo Kio site
By Romesh Navaratnarajah: A 99-year leasehold residential site located at Ang Mo Kio Avenue 2 received a total of 12 bids when the Urban Redevelopment Authority (URA) closed its public tender yesterday. Pinehill Investments submitted the highest offer of S$550 million for the 18,482.2 sq m site...
Continue Reading • 9 Jan 2013
Echelon now more than 75% sold
By Romesh Navaratnarajah: Over 75 percent or 390 units at the 508-unit Echelon condominium have been sold as of Saturday, indicating a strong start for the property market in 2013.It was earlier reported that 200 units were sold when the project was previewed on 28 December and this strong...
Continue Reading • 8 Jan 2013
Alexandra gaining ground as property hotspot
By Romesh Navaratnarajah: The Alexandra area is set to become a hotspot for expatriates on the lookout for rental properties, noted a report in The Straits Times. According to Steven Tan, Managing Director of OrangeTee, the area has evolved in recent years. While housing used to be limited to HDB...
Continue Reading • 7 Jan 2013
Home prices could drop 5%: DBS
By Romesh Navaratnarajah: As the market moves closer to the peak of incoming supply, private home prices in Singapore could decline by up to five percent while demand remains robust at around 20,000 units, said DBS Group Research.Moreover, the government is set “to release policy review...
Continue Reading • 7 Jan 2013
Thomson View sale hits a roadblock
By Romesh Navaratnarajah: The eye-popping S$590 million collective sale of Thomson View Condominium (pictured) faces opposition from 13 of its owners who claim the block is undervalued, The Straits Times reported.As a result, the Strata Titles Board has issued a stop order that takes effect on 14...
Continue Reading • 7 Jan 2013
No word on when sales at EC can start
By Romesh Navaratnarajah: Following a no-sale order from the Urban Redevelopment Authority (URA), potential buyers who had issued cheques for units at Forestville executive condominium (pictured) are still in the dark as to the outcome of their applications, The Straits Times reported. Without...
Continue Reading • 4 Jan 2013
SeaSuites draws strong pre-launch interest
By Romesh Navaratnarajah:The 52-unit SeaSuites (pictured) has attracted strong interest from home buyers with about 100 cheques collected prior to its launch tomorrow, said marketing agent HSR International Realtors and reported by The Straits Times. Located in Pasir Panjang, the freehold project...
Continue Reading • 4 Jan 2013
Wilkie Terrace site sold for S$24.5m
By Romesh Navaratnarajah:A unit of Roxy-Pacific Holdings has secured a land parcel at 13/15 Wilkie Terrace off Dhoby Ghaut/Selegie Road for S$24.5 million in a private treaty deal brokered by Jones Lang LaSalle (JLL). The sale price translates to S$1,259 psf ppr after factoring a small...
Continue Reading • 4 Jan 2013
Hot housing market raises more policy risks: Colliers
By Romesh Navaratnarajah: Rising private home prices may spell further policy risks amid the hot property sector, noted Colliers International. Flash estimates by the Urban Redevelopment Authority (URA) show that private home prices increased 1.8 percent quarter-on-quarter in Q4 2012, capping the...
Continue Reading • 3 Jan 2013
Kismis Lodge goes en bloc
By Romesh Navaratnarajah: The 64-unit Kismis Lodge (pictured) off Toh Tuck Road has been launched for collective sale, with homeowners expecting a sale price of S$90 million, said marketing agent Jones Lang LaSalle (JLL). This translates to about S$1,281 psf on the 70,283 sq ft land area and each...
Continue Reading • 3 Jan 2013
S'pore private home prices up 1.8% in Q4
By Romesh Navaratnarajah:Singapore’s private residential property index climbed to 211.9 in Q4 2012 from 208.2 in Q3. This is a hike of 1.8 percent compared to the 0.6 percent increase in the previous quarter, according to flash estimates released today by the Urban Redevelopment Authority...
Continue Reading • 2 Jan 2013
EC launch halted due to unapproved changes: URA
By Romesh Navaratnarajah: The Urban Redevelopment Authority (URA) stopped Hao Yuan Investment from launching Forestville executive condominium (pictured) as changes made to its development plans were still not approved, reported The Straits Times. “Based on our preliminary investigation, we...
Continue Reading • 2 Jan 2013
Citylife developer to build more EC penthouses
By Romesh Navaratnarajah:Amara Holdings, the developer leading the consortium behind CityLife@Tampines executive condominium (EC), plans to build penthouses in other upcoming EC projects, The Straits Times reported. “Based on the good response for the penthouses... we will attempt to do it...
Continue Reading • 2 Jan 2013
SeaSuites the first launch in 2013
By Romesh Navaratnarajah:2013 will kick off with the launch of the five-storey SeaSuites luxury apartment tower (pictured) in Pasir Panjang, announced marketing agent HSR International Realtors.Set to launch this Saturday (5 January), SeaSuites will be developed by Link (THM) Greenleaf and...
Continue Reading • 2 Jan 2013
New condo proving a hit with buyers
By Romesh Navaratnarajah:The 508-unit Echelon condominium development (pictured) at Alexandra View received strong interest from home buyers, with 80 percent or 200 of the 250 units released sold on the first day of preview last Friday. Developed by a joint venture led by City Developments...
Continue Reading • 31 Dec 2012