Analysts say nothing's wrong with Far East promo
Reimbursement of stamp duty is not wrong, according to property consultants assessing Far East Organization’s latest promotion.To counter the effects of the additional stamp duty that took effect in early December, the developer has introduced some marketing promotion strategies. They...
Continue Reading • 1 Feb 2012
Watertown continues to draw crowds
The newly launched Watertown, an integrated waterfront development located near Punggol Waterway continues to draw strong interest from property hunters. As of yesterday evening, the project, which was launched on 20 January, has already sold approximately 580 of the 828 units released, priced...
Continue Reading • 1 Feb 2012
Price rise on the back of strong sales
Encouraging sales during last weekend’s VIP preview at Parc Rosewood, where 181 of the 236 available units were sold, will result in developer Kensington Land Pte Ltd increasing its prices when the project is officially launched this weekend.The company, a joint venture between...
Continue Reading • 1 Feb 2012
Small apartments record 11.8% price jump
Small apartments in Singapore saw prices grow more than twice as fast as those of larger apartments in the Central Region last year. Prices of larger apartments outside of the Central Region also showed the same trend which, although similar to 2010 figures, was more noticeable last year.The...
Continue Reading • 31 Jan 2012
2 collective sale sites off Balestier Rd up for tender
Two prime freehold residential redevelopment sites off Balestier Road have been launched for en-bloc sale, with a total price tag of approximately S$149 million.Sole marketing agent Jones Lang LaSalle (JLL) said the sites are located along 2 to 16 (even only) Kim Keat Lane, 1 to 19, 21 and 23 Kim...
Continue Reading • 31 Jan 2012
Large crowd at Tampines EC launch
Sim Lian Group’s latest executive condominium (EC) project, The Tampines Trilliant, has attracted large numbers of potential buyers since its launch last week. The 670-unit 99-year leasehold development comprises 12 blocks of mostly three-room units and is located near Tampines MRT station,...
Continue Reading • 31 Jan 2012
New housing supply to ease prices further
As per new housing data, a record number of unfinished private homes are now in the works on the back of the government’s numerous land roll-outs in recent years. Analysts believe the move is attaining its goal of cooling property prices.They say that private home prices may flatten or even...
Continue Reading • 30 Jan 2012
Home prices to slide this year: PropNex
Prices of private homes may stabilise this year, as more opportunity has been given to the 'sandwich' class to own private property, according to PropNex Realty.With increased supply anticipated, PropNex CEO Mohamed Ismail expects prices to soften further, “resulting in an overall price...
Continue Reading • 30 Jan 2012
Property measures may turn investors to stocks
Several investment experts noted that Singapore’s property cooling measures could deter investors from residential property, turning them instead to stocks, according to The Straits Times.DBS Group Research said that the latest property measure, which imposes an additional 10 percent stamp...
Continue Reading • 30 Jan 2012
Record 45000 leases inked in 2011
In an analysis of Urban Redevelopment Authority (URA) data, property consultancy Savills Singapore has revealed that a total of 45,062 housing leases were inked last year, marking a healthy year across the residential rental market.The market saw an 8.4 percent jump from the 41,573 leases that...
Continue Reading • 30 Jan 2012
Buyers snap up 165 units at Parc Rosewood
Singapore property buyers snapped up more than 165 of the 236 units offered for sale at last weekend’s launch of the Parc Rosewood condominium development.Prices at the development were adjusted downwards by between 8 and 10 percent, from an initial price of between S$1,030 psf and S$1,100...
Continue Reading • 30 Jan 2012
Sim Lian unveils new EC in Tampines
Property developer Sim Lian Group has launched The Tampines Trilliant, a 670-unit executive condominium (EC) in Tampines Central 7. The project follows on from the success of the group’s top-selling condominiums in 2011, Parc Vera and A Treasure Trove.The 99-year leasehold development aims...
Continue Reading • 27 Jan 2012
URA awards Kovan Road residential site for S$194.6m
The Urban Redevelopment Authority (URA) has awarded the tender for a 16,994.1 sq m residential site at Kovan Road to a consortium comprising Hoi Hup Realty Pte Ltd, Investment Focus Pte Ltd and Oriental Worldwide Investments Inc, after submitting the top bid of S$194.6 million.Located at the...
Continue Reading • 27 Jan 2012
Majority of Watertown buyers are Singaporeans
Over 90 percent of the more than 550 units sold so far at Watertown condo in Punggol have been snapped up by Singaporeans, proving that the additional buyer's stamp duty (ABSD) imposed recently has succeeded in cooling foreign buying.According to a Business Times report, this is down from a share...
Continue Reading • 26 Jan 2012
More new launches coming soon
Several new launches will be rolled out soon, as developers ride the current strong home buying momentum created by the launch of Watertown condo in Punggol.According to a report by The Business Times, The Tampines Trilliant executive condo (EC) (pictured) and the Parc Rosewood in Woodlands are...
Continue Reading • 26 Jan 2012
Luxury properties a long term investment worth making
Top-end real estate investments are expected to be a good bet in the current global economic environment, according to luxury property developer Nick Candy.“Shrewd investors with access to capital” are increasingly seeing luxury property developments as “a long-term commitment...
Continue Reading • 25 Jan 2012
Watertown sees robust sales over CNY
The 99-year leasehold Watertown project in Punggol has seen strong sales over the four-day Chinese New Year break, with about 215 residential units sold.As of yesterday, total sales climbed to over 500 units with prices ranging between S$980 psf and S$1,500 psf. Sales for the project began last...
Continue Reading • 25 Jan 2012
New home sales account for 46% market share
Singapore’s property sector is changing, with new home sales by developers taking up an increasing share of the private housing market.According to caveats lodged with the Urban Redevelopment Authority (URA), primary market sales and those of executive condos (ECs) accounted for 46 percent...
Continue Reading • 25 Jan 2012
High-end and mid-tier markets face tough year: Colliers
After new home sales dropped 63 percent in December, property firm Colliers International predicts a challenging year for the market across the price spectrum.It noted that mid-tier to high-end segments will see a decline in foreign buyers, as many of them have been driven out by the additional...
Continue Reading • 25 Jan 2012
Mixed-use projects more popular now than before
Singapore’s housing market may be experiencing a slowdown, but mixed-use developments are gaining in popularity here.Over the past year or so, there have been several high-profile mixed developments launched, including Fusionopolis at one-north, Changi City within Changi Business Park and...
Continue Reading • 25 Jan 2012