St John Woods Residence launches in KL
St John Woods Residence (pictured), a 48-unit, 33-storey luxury apartment development in Kuala Lumpur, has been launched today. Meanwhile, a private preview is set for 23 February 2012 at the Hilton Singapore. Named after the famous St John’s Institution at Jalan Bukit Nanas, the new...
Continue Reading • 20 Feb 2012
Private home sales to ease in February
Encouraged by the strong take-up of properties in January, property developers of mass-market residences will likely continue the launch momentum this month, according to Colliers International.The consultancy said it is also advantageous for developers to proceed with their launches instead of...
Continue Reading • 17 Feb 2012
Q4 home price growth slows further
The rate of increase in property prices has continued to moderate, with private home prices rising just 0.2 percent in Q4, lower than the 1.3 percent increase seen in the previous quarter, according to latest figures released by the Urban Redevelopment Authority (URA).“This moderation in...
Continue Reading • 16 Feb 2012
Private home sales rise by three times
January’s private home sales were undaunted by the gloomy economic outlook and recent cooling measures, recording 2,077 transactions for the month, a whopping three times higher than December’s 670 units. Excluding executive condominiums (ECs), this marks a 55 percent year-on-year...
Continue Reading • 16 Feb 2012
HDB launches 4 residential sites for sale
The Housing and Development Board (HDB) has launched the tender for four residential sites, which could yield approximately 2,070 residential units.Three of the four land parcels were released under the confirmed list, while the last plot was made available under the reserve list of the 1H2012...
Continue Reading • 16 Feb 2012
Ultra Mansion up for collective sale
Ultra Mansion (pictured), located near Novena MRT station has been launched for sale, with an indicative price of approximately S$170 million. Marketing agent Cushman & Wakefield said the development’s S$170 million price tag works out to around S$1,334 psf ppr. This translates to...
Continue Reading • 16 Feb 2012
Bishan Park canal transformed into river
A concrete canal at the 20-year-old Bishan Park has been transformed into a natural-looking river (pictured). Aside from beautifying the surrounding area, the river also serves as a flood plain that stores 40 percent more excess water than the old canal.The first canal in Singapore to be...
Continue Reading • 16 Feb 2012
URA awards Bedok South Ave 3 tender for S$345.9m
The Urban Redevelopment Authority (URA) has awarded the tender for a residential site at Bedok South Avenue 3 (pictured) to a consortium after it offered the highest bid of S$345.9 million in a public tender that closed on 9 February 2012.Li Hiaw Ho, Executive Director of CBRE Research, said the...
Continue Reading • 15 Feb 2012
ABSD to hold back buyers for six months: CapitaLand
The additional buyers’ stamp duty (ABSD) measure imposed by the government in early December to cool housing prices may hold back potential buyers for the next few months, said Liew Mun Leong, Chief Executive and President of CapitaLand.“Developers are more skeptical — they are...
Continue Reading • 15 Feb 2012
Private home sales see rebound in January
BREAKING NEWS: Private home sales in Singapore saw a strong rebound in January 2012, as developers launched several projects across a number of popular districts. According to latest figures by the Urban Redevelopment Authority (URA), January’s home sales soared to 2,077 units, an increase...
Continue Reading • 15 Feb 2012
Twin Waterfalls EC set for weekend launch
Twin Waterfalls (pictured), a 728-unit executive condominium (EC) development with a Vista Home concept, is set to launch this weekend.It is a joint development between Frasers Centrepoint Limited (FCL) and Keong Hong Construction, a wholly-owned unit of Keong Hong Holdings.“Our strengths...
Continue Reading • 14 Feb 2012
Strong interest in Parc Rosewood continues
Parc Rosewood (pictured) saw an additional 110 units sold last week, signifying a growth in demand for affordable resort-style living in Singapore. Strategically located at the upcoming Woodlands Regional Centre, the exclusive condo is developed by Kensington Land Pte Ltd, a joint venture (JV)...
Continue Reading • 14 Feb 2012
Bungalow market picks up speed
After several weeks of stagnation, the bungalow market is starting to move again, as the stock market becomes more solid and the Eurozone crisis has shown improvement of late.“The market is surprisingly getting back its momentum and buyers are making offers for units which are reasonably...
Continue Reading • 13 Feb 2012
Developers' sentiment weakens: survey
Developers’ sentiment in the Singapore real estate market has weakened from Q4, according to the Real Estate Sentiment Index (RESI) Survey conducted jointly by the Real Estate Developers' Association of Singapore (REDAS) and the National University of Singapore (NUS).The survey showed that...
Continue Reading • 13 Feb 2012
Vacant homes on the 'up and up'
Singapore’s private property market has witnessed stellar growth in recent years, yet that outstanding performance has also seen a rise in the number of empty homes in the city state.At the end of last year, there were 15,890 unsold homes in Singapore – a substantial increase on the...
Continue Reading • 13 Feb 2012
S'pore buyers snap up over 90% of The Greenwich
Far East Organization’s The Greenwich (pictured), a low-rise condominium development has proven to be immensely popular with buyers, with 295 (92 percent) of its 319 residential units snapped up.In a statement to PropertyGuru, Far East said that over 90 percent of the buyers are...
Continue Reading • 13 Feb 2012
One Tower Bridge, London set to unveil in Singapore
Berkeley Group, a UK property developer, has launched One Tower Bridge, a luxury residential development located near the Thames River, London.It boasts close proximity to iconic landmarks such as the Tower Bridge, Tower of London and The Shard. It is nestled between City Hall on the South Bank...
Continue Reading • 13 Feb 2012
Mother, daughter fight over en bloc sale proceeds
Instead of getting half of the over S$617,000 in en bloc sale proceeds, a woman will only be entitled to 10 percent of the amount collected from selling a privatised HUDC flat, which she co-owns with her daughter.This is after the High Court released a decision giving Madam Lim Geok Swan, 76,...
Continue Reading • 10 Feb 2012
CCR home prices fall very harshly
Prices of private condos and apartments in the Core Central Region (CCR) have dropped by up to 10.2 percent from Q4 2011, as buyers became more cautious over the property cooling measures, particularly the additional buyer's stamp duty (ABSD) introduced in early December last year.According to...
Continue Reading • 10 Feb 2012
Bedok South Ave 3 site attracts 7 bids
The tender for a 99-year leasehold residential site at Bedok South Avenue 3 (pictured) has attracted a total of seven bids, with a consortium comprising F.E. Lakeside Ltd, FCL Topaz Ltd and Sekisui House Singapore Ltd offering the top bid of S$345.9 million.“The site is attractive enough to...
Continue Reading • 10 Feb 2012