Resale property prices down yet again
Overall resale prices of non-landed private homes fell 0.4 percent in January, continuing the downtrend seen in December when overall property prices dipped 0.8 percent.According to the latest Singapore Residential Price Index (SRPI) statistics released by the Institute of Real Estate Studies at...
Continue Reading • 29 Feb 2012
Mass market already seeing recovery after ABSD
After suffering the impact of the additional buyer's stamp duty (ABSD) introduced in early December, the mass-market segment is beginning to recover with prices for completed private apartments in the Non-Central Region climbing one percent in January.This was revealed by the latest flash...
Continue Reading • 29 Feb 2012
Home sales volume down in 2011: DTZ
Private home transactions fell in 2011 with decreased sales volumes in both the primary and secondary markets, said DTZ Research. “Demand was more affected in the prime areas compared to the suburban areas which continued to be supported by HDB upgraders and local investors who are drawn by...
Continue Reading • 28 Feb 2012
Tuan Sing expected to unveil Seletar Park Residence this week
Tuan Sing Holdings is expected to unveil its latest condo development - Seletar Park Residence (pictured), this week. Nestled in the exclusive neighbourhood of Seletar Hills, the five-storey development features 276 one- to four-bedroom units that boast luxurious architecture with an emphasis on...
Continue Reading • 28 Feb 2012
Spring Grove tipped for en bloc
Spring Grove (pictured), a 325-unit condominium located on Grange Road, is tipped for collective sale if negotiations between homeowners and the US Embassy are successful.Located on the site of the former residence of the US ambassador, the 24,481 sq m site was acquired by City Developments...
Continue Reading • 28 Feb 2012
Far East dominates home sales chart
Property developer Far East Organization (FEO) led the way in sales last year with 2,718 new units sold on the back of a healthy real estate market and low mortgage costs.The privately-owned company captured 17 percent of the market share, with units sold almost double that of Hong Leong Group...
Continue Reading • 28 Feb 2012
S'pore developers set for new launches
More residential property launches are set to take off in the coming months. Far East Organization will soon unveil the 416-unit Hillsta condo in Choa Chu Kang as well as the 62-unit Greenwood Mews cluster housing development at Bukit Timah.Frasers Centrepoint will roll out its Palm Isles condo...
Continue Reading • 28 Feb 2012
55 units at Parc Rosewood sold in past week
Parc Rosewood (pictured) saw a total of 565 units snapped up in the four weeks since it was previewed on 28 January, with 55 units taken up in the past week alone.Located close to the upcoming Woodlands Regional Centre, the project is being developed by Kensington Land Pte Ltd, a joint venture...
Continue Reading • 28 Feb 2012
More housing choices for buyers
Home buyers have been presented with a large number of new property launches in the first two months of the year, and many experts predict there will be plenty more to follow in the coming months.Around 2,199 residential units were launched last month, excluding executive condos (ECs), and...
Continue Reading • 27 Feb 2012
More foreigners snap up private homes
The number of private homes acquired by foreigners climbed 20 percent in 2011 despite a significant decline in the total number of private homes sold last year, according to DTZ Research. The report said foreigners acquired a total of 5,246 homes for the whole of 2011, beating the earlier record...
Continue Reading • 24 Feb 2012
Tycoon sells Nassim Rd plot for S$47.8m
Motoring tycoon Peter Kwee (pictured) is said to have sold a 23,920 sq ft plot located along Nassim Road for about S$47.8 million, which works out to around S$2,000 psf.The psf land price is slightly below the S$2,081 psf island-wide price for a Good Class Bungalow (GCB) area, but the transaction...
Continue Reading • 24 Feb 2012
PropertyGuru to hold 2nd Malaysia Property Showcase this weekend
With the aim of providing quality property investment and ownership opportunities to investors and buyers, PropertyGuru, Asia’s leading property portal, will hold its second Malaysia Property Showcase this weekend, 25 to 26 February 2012, at the Orchard Hotel, Singapore.This showcase comes...
Continue Reading • 24 Feb 2012
2 residential sites go en bloc
Singapore’s en bloc sales market is gaining speed, with the launch of Kovan Court (pictured) and Bartley Grove Apartment along with three adjoining terrace houses for sale at a total price of approximately S$104 million. The first site, Kovan Court, is situated along Kovan Road and has an...
Continue Reading • 23 Feb 2012
Property a leading retirement investment
Around one in every 10 Singaporean is 65 years old and above, which means the resident population of 3,789,300 citizens and permanent residents (PRs) is indisputably an ageing population.In light of this, recent reports have focused on the issue of land scarcity for building centres for the...
Continue Reading • 23 Feb 2012
Mass market housing to remain resilient in 2012
The mass-market segment will still be resilient in the coming months, particularly for developments in the Outside Central Region (OCR).Last year, mass market homes, excluding executive condominiums (ECs), hit a record, selling 65 percent or 10,374 units of the total number of new private...
Continue Reading • 23 Feb 2012
Almost 500 new homes snapped up over past week
Nearly 500 new residences were sold over the past week, as developers stepped up their marketing efforts, fuelled by good transaction figures last month.In January, 1,872 new private residences were snapped up, the highest since November 2010, and property developers want to keep the ball...
Continue Reading • 22 Feb 2012
65 units sold at Bartley Residences
After a 20 percent discount, some 65 units have been sold at Bartley Residences (pictured) at an average price of S$1,240 psf, with 90 percent of the buyers being Singaporeans and permanent residents (PR).During yesterday’s preview, the developer released 120 units in the 99-year leasehold...
Continue Reading • 22 Feb 2012
Over 500 units sold at Parc Rosewood
More than 510 units have been sold at the Parc Rosewood condo development (pictured) as of yesterday.“We are extremely encouraged by the strong response from buyers who have found our luxury resort concept and attractive price point very appealing,” said Koh Wee Seng, Director of...
Continue Reading • 21 Feb 2012
Rental prices down 20% in Singapore
Singapore has been ranked as the ninth most expensive city to rent in a new report – but evidence from recent weeks suggest rental prices may have already dropped by 20 percent since the start of the year.One agent told PropertyGuru she had just signed a deal to let a property that was...
Continue Reading • 21 Feb 2012
Majority expect property prices to fall due to ABSD
PropertyGuru, Asia’s leading property portal, today released its latest Affordability Sentiment Survey results on property market sentiment in Singapore. It revealed that the majority of home buyers and investors expect the additional buyer’s stamp duty (ABSD) introduced in early...
Continue Reading • 20 Feb 2012