Far East starts year with strong demand for The Hillier
Far East Organization (FEO) has recorded strong take-up for its second SOHO development, The Hillier, launched on 1 January 2012.As of today, around 225 of the 333 one- and two-bedroom SOHO units released have been sold at an average of S$1,175 psf, with most of the buyers being Singaporeans and...
Continue Reading • 3 Jan 2012
Prices of Tiong Bahru pre-war flats rising
With a whole slew of coffee houses and indie retail shops in Tiong Bahru, 20 blocks of pre-war conservation homes have gained renewed interest, pushing up prices by about 50 percent in the last two years, according to a report by Channel NewsAsia.The pre-war flats were built in the 1930s and...
Continue Reading • 29 Dec 2011
Prices of shoebox apartments slide in November
Prices of completed shoebox apartments peaked in August and dropped three percent in November, according to the flash estimates from NUS’ Institute of Real Estate Studies.Month-on-month, prices of these units dropped 0.2 percent in November.The flash estimates also showed that prices of...
Continue Reading • 29 Dec 2011
More local investors look to offshore properties
With the bleak outlook on local property prices, more local investors are eyeing offshore properties, said industry watchers and real estate agents. According to a PropertyGuru survey, 19 percent of over 1,737 respondents polled were “tempted” to invest overseas, up from 14 percent in...
Continue Reading • 28 Dec 2011
Collective sales surpass S$3b mark
The value of collective sales for this year has surpassed the S$3 billion mark, strongly driven by the sale of smaller sites.According to data from Credo Real Estate, about 49 sites were sold in 2011 for a total of S$3.04 billion — a significant increase from the 36 sites sold for S$1.77...
Continue Reading • 28 Dec 2011
Pollux Properties acquires Geylang Rd property
Pollux Properties, through its indirect, wholly-owned subsidiary, Pollux Treasures, has acquired a property at Geylang Road for S$25 million.The company said the property comprises a residential-cum-commercial building situated on a 1,350.2 sq m plot of freehold land. It has a maximum plot ratio...
Continue Reading • 27 Dec 2011
Majority of S'poreans still feel homes too expensive
If the results of a recent PropertyGuru real estate affordability sentiment survey are anything to go by, the majority of home buyers in Singapore should be satisfied with the latest government cooling measures.Carried out in cooperation with market research firm, Blackbox Research, the survey...
Continue Reading • 23 Dec 2011
2 new projects entice local buyers
Two new projects, The Nautical in Sembawang and The Hillier (pictured) in the Hillview area, have pushed ahead with their previews, while most property developers consider whether or not to release new projects following the implementation of the additional buyer's stamp duty this month.Both...
Continue Reading • 23 Dec 2011
URA releases 3 residential sites for sale
The Urban Redevelopment Authority (URA) has released three residential sites at Bedok South Avenue 3, Boon Lay Way and Jervois Road for sale this month, providing more private housing choices to both developers and home buyers. The land parcels at Jervois Road and Bedok South Avenue 3 are under...
Continue Reading • 22 Dec 2011
3 residential sites launched, expected to yield 1,325 homes
BREAKING NEWS: The Urban Redevelopment Authority (URA) will release three residential sites this month.Two of the sites, located at Bedok South Avenue 3 and Jervois Road are under the Confirmed List and will be put up for sale through public tender.The last site at Boon Lay Way will be made...
Continue Reading • 22 Dec 2011
Archipelago hit by sales slowdown
Archipelago, a 577-unit residential development at Bedok Reservoir, which was launched last week, is underperforming due to the latest property cooling measures, according to Singapore Business Review.In a report, OCBC revealed that the project’s foreign and PR (permanent resident) markets,...
Continue Reading • 21 Dec 2011
Wee Hur wins tender for Punggol condo site
Property firm Wee Hur Development Pte Ltd has secured the tender for a land parcel along Punggol Central/Punggol Place for S$206.20 million.The HDB launched the residential site for tender on 27 October 2011, with a total of 13 bids received. It has a total area of 18,019.4 sq m and a maximum...
Continue Reading • 21 Dec 2011
Prime rental prices show signs of slowdown
Prime property rental prices in Singapore rose 4.8 percent during the 12 months ending September 2011 – a significantly slower rise than the 17.8 percent recorded during the previous 12 month period.The Knight Frank Prime Global Rental Index report, which looks at the top five percent of...
Continue Reading • 21 Dec 2011
S'pore housing market to decline next year
The threat of a global economic double-dip and additional property cooling measures in Singapore may result in a decline of buying interest in the next six months, according to latest residential market report by Savills.This year, Savills expects new home sales (excluding executive condominiums)...
Continue Reading • 20 Dec 2011
Unit at The Marq sets S$6,850 psf record
The recent cooling measures which require foreigners buying private property in Singapore to fork out an additional 10 percent stamp duty, is expected to curb skyrocketing property prices. And if recent transacted prices at certain luxury developments are anything to go by, the new measures could...
Continue Reading • 20 Dec 2011
Unit at Scotts Square goes for S$3,764 psf
The newly implemented additional buyer’s stamp duty (ABSD) appears to be mainly aimed at foreign buyers, a UOB Kay Hian report noted.“The move will act as a strong deterrent for foreign buyers as their transaction costs would increase by 10 percent overnight,” said Vikrant...
Continue Reading • 19 Dec 2011
Asian property market cools
After experiencing strong growth since 2009, Asian property markets are now either flattening or declining, according to the Wall Street Journal.Reports from Hong Kong, Sydney, Singapore and Beijing reveal that property values have declined, while the Kuala Lumpur and Bangkok markets remain...
Continue Reading • 19 Dec 2011
PropertyGuru still sees good potential in Asia
Demand for property remains strong in many parts of Asia, particularly in India, Indonesia and China.“There continues to be a growing middle class that is keen on investing in the cross-border property market,” said Steve Melhuish, Group CEO of PropertyGuru Group, the operator of...
Continue Reading • 19 Dec 2011
S'pore property auction sales wind down
The recent government cooling measures and global economic conditions have caused significant slowdown in property auctions as the year winds down. “It was much better in the first half of the year,” said Mok Sze Sze, Head of Auctions for Jones Lang LaSalle (JLL). “As general...
Continue Reading • 19 Dec 2011
Foreigners still snapping up luxury property
Foreign buyers continue to purchase high-end homes in Singapore's prime central districts. In the first 11 months of 2011, they contributed to 28.7 percent of home transactions in the Core Central Region (CCR).A CBRE analysis of caveats data by the Urban Redevelopment Authority (URA) also...
Continue Reading • 16 Dec 2011