Controversial Toh Yi studio flats see strong buyer interest
The controversial Golden Kismis studio apartment project (pictured) in Toh Yi has attracted strong interest from potential buyers, amid concerns that the site’s location atop a slope would be highly inconvenient to elderly residents.According to The Straits Times, when the applications for...
Continue Reading • 4 Apr 2012
Fernvale Lane EC site fetches top bid of S$245m
An executive condominium (EC) site at Fernvale Lane (pictured) has received a top bid of S$245 million in a public tender that closed on 3 April 2012.Among a total of four bids, Peak Living Pte offered the top bid of S$245 million for the site, while the second highest bid was a joint bid between...
Continue Reading • 4 Apr 2012
4 new sites set aside for international schools
The government has allotted four new sites for international schools wanting to expand their campuses in Singapore, according to a report by The Straits Times.The land parcels, which are estimated to range in size from 1.7 ha to five ha, were released under a Request for Interest (RFI) exercise,...
Continue Reading • 4 Apr 2012
URA, HDB data show market stabilising
Flash estimates released yesterday by the Urban Redevelopment Authority (URA) may be an indication that private home prices are now stabilising.According to Chia Siew Chuin, Director of Research & Advisory at Colliers International, the marginal decline of 0.1 percent in overall private...
Continue Reading • 3 Apr 2012
Punggol EC site awarded to Qingjian Realty
The Housing and Development Board (HDB) has awarded the tender for an executive condominium (EC) site (pictured) at Punggol Central to Qingjian Realty (South Pacific) Group Pte Ltd, after it offered the highest bid of S$136.7 million in a public tender that closed yesterday.“The top bid for...
Continue Reading • 3 Apr 2012
Bartley Grove Apartment, terrace houses sold for S$74.1m
Bartley Homes Pte Ltd, a wholly-owned subsidiary of Top Global Ltd, has acquired Bartley Grove Apartment (pictured) and three adjoining terrace houses for S$74.1 million. This works out to around S$810 psf ppr, making it the first pure-residential collective sale for 2012. Located in District 19,...
Continue Reading • 3 Apr 2012
Singapore luxury property continues to attract ultra-rich
Despite the cooling measures introduced by the government, the luxury property market remains resilient as the wealthy still see the city as a safe haven, according to The Wealth Report 2012 by Knight Frank. Done in collaboration with Citi Private Bank, the report surveyed 4,000 individuals who...
Continue Reading • 2 Apr 2012
Private home prices drop, HDB resale prices increase
Residential property prices have declined in Q1 2012, according to flash estimates of the private residential property price index released by the Urban Redevelopment Authority (URA).This is the first price decline seen since Q2 2009, following the trend of stabilising prices over the past nine...
Continue Reading • 2 Apr 2012
Higher possibility of new property curbs, says expert
Compared to two months ago, the possibility that the government will implement a sixth round of cooling measures is now much higher, according to a report by The Business Times.However, such measures will likely come in Q2 2012, according to Png Poh Soon, Head of Consultancy and Research at...
Continue Reading • 2 Apr 2012
Private home sales soar to 5200 units in Q1
Strong demand for new private residential projects has pushed home sales to 5,200 units in Q1 2012, second only to the record sales seen in Q3 2009 when a total of 5,578 units were snapped up. According to CBRE Research, these figures are based on keen interest for the large supply of about...
Continue Reading • 2 Apr 2012
270 units sold at Ripple Bay condo
Property developer MCL Land has seen strong interest for its Ripple Bay condo (pictured) in Pasir Ris, with 270 units sold at the 679-unit project as of 8pm yesterday.According to a Business Times report, buyers were mostly Singaporeans with a good spread of one- to three-room units snapped...
Continue Reading • 30 Mar 2012
Punggol EC site attracts 10 bids
A 13,241.8 sq m executive condominium (EC) site at Punggol Central (pictured) has received a total of 10 bids, with Qingjian Realty (South Pacific) Group offering the highest bid of S$136.7 million in a public tender that ended yesterday. “The results of the tender closing for the EC site...
Continue Reading • 30 Mar 2012
Sky Habitat the priciest suburban condo?
A new condo in Bishan that’s slated to launch in mid-April could be the priciest suburban condo to hit the market, according to a report by The Straits Times. The article said that the indicative average price of Sky Habitat (pictured) at Bishan Street 14 is expected to range between...
Continue Reading • 29 Mar 2012
Resale home prices continue to fall in February
Resale home prices have fallen steadily in the past three months, with small and high-end units recording the biggest drop. Overall, prices in February dropped 0.8 percent compared to January, in addition to the one percent drop seen in December. Central home prices fell 0.9 percent while...
Continue Reading • 29 Mar 2012
Slipping private home prices cheer up buyers
Property hunters on the lookout for affordably-priced homes are in for some good news. Prices of completed private homes dropped in February, according to a report by The Business Times. Flash estimates from the National University of Singapore SRPI (Singapore Residential Price Index) show they...
Continue Reading • 29 Mar 2012
Palm Isles condo preview launched
Property developer Frasers Centrepoint has launched the preview of Palm Isles (pictured) at its showflat along Flora Drive. The project is going at an average selling price of S$830 psf after discount.So far, 50 of the initial 100 units released have been sold as of 11pm last night.Located in the...
Continue Reading • 29 Mar 2012
Stamp duty hits private home subsales
The 16 percent seller’s stamp duty (SSD) announced in January last year may have caused a slowdown in subsales of private apartments and condos and extended the holding period for subsale transactions.Despite this, a record 98.1 percent of subsales in 2011 are still deemed profitable even...
Continue Reading • 28 Mar 2012
Shoebox subsales fare better than larger units
Compared to larger units, shoebox apartments have performed better in the subsale market even after the seller's stamp duty (SSD) was taken into account, according to The Business Times. Around 14 percent or 47 out of the 115 subsale condos and apartments in 2011 were up to 500 sq ft (which are...
Continue Reading • 28 Mar 2012
Van Gogh's former home sold at auction
The London house where artist Vincent van Gogh lived from 1873 to 1874 was yesterday sold at auction for £565,000 (S$1.13 million). Van Gogh worked at an art dealership in Southampton Street, and from August of 1873 he lived at 87 Hackford Road (pictured) in the south west part of the...
Continue Reading • 28 Mar 2012
Unit at Nassim Park Residences tops subsale gains
The most profitable subsale in dollar terms for 2011 was a unit at Nassim Park Residences, according to analysis by Savills.The unit generated a profit of around S$6.2 million, after it was purchased in July 2008 for nearly S$18 million and sold in April 2011 for slightly above S$24.1...
Continue Reading • 28 Mar 2012