Projects racing to beat sales deadline
By Romesh Navaratnarajah:There are at least eight private residential projects that are now racing the clock to sell remaining units within the two-year completion period, as mandated by the government.For instance, high-end projects such as the Hilltops in Cairnhill Circle and the The Marq on...
Continue Reading • 22 Nov 2012
Singapore's first hotel-inspired EC to open for application
By Romesh Navaratnarajah:Touted as the first hotel-inspired executive condominium (EC) in Singapore, the 514-unit CityLife@Tampines (pictured) will open for E-Applications on November 29 at its sales gallery along Tampines Avenue 7. Located in the heart of bustling Tampines Regional Centre, the...
Continue Reading • 22 Nov 2012
Hot demand for high-end homes
By Romesh Navaratnarajah: Sales of luxury landed properties grew strongly in Q3 this year, especially in the price band of S$5 million to S$10 million, which rose 11 percent quarter-on-quarter to 80 units, according to a report from DTZ. However, the sales volume for homes with prices above S$10...
Continue Reading • 20 Nov 2012
Boost expected for lower-priced homes: report
By Romesh Navaratnarajah: The latest restrictions on home loan tenures will likely boost demand for lower-priced non-landed private homes, or those under S$1.5 million, according to a report by Knight Frank.The cooling measures are expected to impact affordability. For instance, a 35-year old...
Continue Reading • 19 Nov 2012
Govt to release 4 sites for housing
By Romesh Navaratnarajah: The Urban Redevelopment Authority (URA) and Housing and Development Board (HDB) continue to ramp up housing supply with the release of four 99-year leasehold sites that are expected to yield 2,045 units. Two sites at Jurong West Street 41 (Parcel A) and Ang Mo Kio Avenue...
Continue Reading • 16 Nov 2012
Jalan Jurong Kechil site draws 23 bids
By Romesh Navaratnarajah: A residential site at Jalan Jurong Kechil (pictured) has attracted overwhelming response from developers, with a total of 23 bids received when the Urban Redevelopment Authority (URA) closed its public tender yesterday.Launched for sale on 19 September, the 10,170.8 sq m...
Continue Reading • 16 Nov 2012
Oxley acquires S$130m site
By Cheryl Tay:Property developer Oxley Holdings has exercised its option to buy 71/73/73A Oxley Rise (pictured) for S$130 million, reported The Business Times.Located in District 9, the freehold property has a land area of about 25,630 sq ft and was reportedly sold by trustees of The Sir Manasseh...
Continue Reading • 16 Nov 2012
New home sales slide after spike
By Romesh Navaratnarajah: New private home sales in Singapore dropped for the month of October, according to new data by the Urban Redevelopment Authority (URA). 1,948 units were sold last month, 26 percent down from the 2,621 seen in September, but 40 percent up from the same period last year...
Continue Reading • 15 Nov 2012
M+S unveils design for Rochor skyscrapers
By Romesh Navaratnarajah: Singapore investment firm Temasek Holdings and Malaysia’s Khazanah Nasional have unveiled DUO (pictured), an integrated development in Rochor comprising both residential and office components, reported AsiaOne.Designed by world-renowned architect Ole Scheeren, the...
Continue Reading • 15 Nov 2012
Sentosa penthouse sells for S$7.8m
By Romesh Navaratnarajah: What could be seen as renewed interest in Singapore’s luxury residential market, a posh penthouse at The Residences at W Singapore (pictured) in Sentosa Cove fetched a sale price of S$7.8 million, The Straits Times reported. The unit was sold following the...
Continue Reading • 15 Nov 2012
South East Asia Property Awards shortlist is revealed
By Andrew Batt: The shortlisted developers, developments and property industry companies for the 2012 South East Asia Property Awards have been revealed.“The quality of entries this year was outstanding, which certainly made the judges’ job a tough one,” said Terry Blackburn,...
Continue Reading • 15 Nov 2012
Sengkang EC site awarded to Verspring Properties
By Cheryl Tay:The Housing and Development Board (HDB) has awarded the tender for an executive condominium (EC) site at the junction of Sengkang West Way and Fernvale Link (Parcel B) to the highest bidder, Verspring Properties Pte. Ltd.Beating five other bidders, Verspring Properties submitted an...
Continue Reading • 14 Nov 2012
Upcoming Aerospace Park to benefit Seletar Hills homes
By Cheryl Tay:Seletar Hills is expected to significantly benefit from the completion of the Seletar Aerospace Park (pictured) in 2018, given its location right at the park’s doorstep, reported The Straits Times.Apart from being strategically situated between major transport routes, the...
Continue Reading • 12 Nov 2012
UOL: Housing demand to moderate with loan restrictions
By Cheryl Tay:The recent restrictions imposed on home loan tenures, as well as more supply coming on-stream, will likely moderate housing demand, according to UOL Group.In a report by AsiaOne, UOL noted: “The residential market is still driven by high liquidity and low interest rates....
Continue Reading • 12 Nov 2012
Big-ticket deals down in first 10 months of 2012
By Cheryl Tay:Only 33 luxury condos and apartments priced from S$10 million onwards changed hands in the first 10 months of the year, down from 57 units over the same period last year, reported The Business Times.According to a URA data analysis by CBRE, the 33 units amounted to S$449.6 million,...
Continue Reading • 12 Nov 2012
Singapore projects win top honours in HK
By Romesh Navaratnarajah: The MIPIM Asia Awards have recognised the most outstanding real estate projects in the Asia Pacific region this year, with several developments from Singapore clinching gold, silver and bronze awards. Winners were ranked according to the jury’s votes together with...
Continue Reading • 9 Nov 2012
S$135m top bid for Sengkang EC site
By Romesh Navaratnarajah: An executive condominium (EC) site located at the junction of Sengkang West Way and Fernvale Link (Parcel B) fetched a top bid of S$135 million from Verspring Properties when the public tender closed yesterday, said the Housing and Development Board (HDB).Launched for...
Continue Reading • 9 Nov 2012
Housing site near Redhill MRT launched for sale
By Romesh Navaratnarajah: A residential site (pictured) located at Alexandra View (Parcel B) has been launched for sale by the Urban Redevelopment Authority (URA). Originally on the reserve list, the 0.65-ha site received an application from a developer last month to launch its tender with a...
Continue Reading • 8 Nov 2012
Two sites go up for sale
By Romesh Navaratnarajah: Two redevelopment sites at Balestier Road and Pasir Panjang Road have been launched for sale by tender, according to exclusive marketing agent Knight Frank.The first site at 520 Balestier Road is a 1,971.3 sq m (around 21,219 sq ft) freehold plot zoned commercial and...
Continue Reading • 6 Nov 2012
Telok Blangah the next property hotspot?
By Romesh Navaratnarajah: Telok Blangah estate is set to see more housing demand, mainly due to its natural greenery and proximity to the central business district (CBD) and nearby business parks, The Straits Times reported. According to Nicholas Mak, Research Head at SLP, a third of Telok...
Continue Reading • 5 Nov 2012