Private home sales down 15% in October
The number of private homes sold in October fell 15 percent month-on-month to 1,387 units. Including executive condos (ECs), the volume of sales reached 1,638 units, down from 2,064 in September.The bulk of the sales came from the Outside Central Region (OCR) — 1,144 units were sold last...
Continue Reading • 16 Nov 2011
3 residential sites up for sale
Three residential sites are being launched for sale via public tender today.The first site is Thomson View Condominium, which has a total land area of 540,314 sq ft and a gross plot ratio (GPR) of 2.1.Zoned for residential development, the site is priced between S$595 million and S$635...
Continue Reading • 15 Nov 2011
Residential investment sales drop sharply by 50.4%
Residential investment sales fell 50.4 percent to S$2.20 billion in the third quarter of this year, according to a Savills report. Nevertheless, the sector still managed to contribute the highest share of 48.6 percent in total investment sales.The report also revealed that six residential sites...
Continue Reading • 15 Nov 2011
Condo units at The Palette snapped up in preview
An overwhelming 200 of 300 units were snapped up during the preview launch of The Palette at Pasir Ris Grove, a residential project by City Developments Ltd (CDL).The 99-year leasehold development comprises 892 residential units and has an average selling price of S$870 psf, with prices ranging...
Continue Reading • 15 Nov 2011
Over 40% of Belvia units snapped up
Over 40 percent of units in the first phase of Belvia were snapped up during its booking last week, said the developer CEL Development Pte Ltd.Belvia, a Design Build Sell Scheme (DBSS) project along Bedok Reservoir Crescent, comprises 488 three-, four- and five-room flats spread across six...
Continue Reading • 14 Nov 2011
Private home sales expected to fall this month
Several analysts have said that data for private home sales, which is expected to be released this week, could fall by 15 to 20 percent month-on-month to between 1,200 and 1,600 units in October.Private home sales in September were strong, with buyers snapping up 1,631 units and defying market...
Continue Reading • 14 Nov 2011
The Green in Brisbane launches in Singapore
Lend Lease, a leading property developer in Australia, has launched Brisbane’s The Green in Singapore.The first residential project in Brisbane’s transformation of the iconic Royal National Agricultural and Industrial Association of Queensland Showground, The Green comprises 340...
Continue Reading • 14 Nov 2011
Shiki Niseko preview coming to Singapore
Jones Lang LaSalle (JLL) is presenting a special preview cum investment seminar of Shiki Niseko, a luxury ski resort serviced residence in Japan, on 13 November 2011 at the Hilton Singapore.Developed by Malaysian firm AP Land Berhad, the project offers 68 apartments and five commercial lots. The...
Continue Reading • 11 Nov 2011
S'pore billionaire, Johor royal family to jointly build S$2b complex
Singaporean billionaire investor Peter Lim has signed a joint venture (JV) agreement with a Malaysian royal family to build a S$2 billion mega complex on a prime waterfront land plot in Johor Baru, Malaysia.The JV will pave the way for the development of the 10 ha site that will comprise a...
Continue Reading • 11 Nov 2011
Freehold homes still the preferred choice
Prices of freehold homes have proven more resilient in the past few months compared to those of 99-year leasehold properties, according to a new report.Credo Real Estate found that price gains for freehold terraced homes and condominiums have exceeded those for similar homes with 99-year leases...
Continue Reading • 11 Nov 2011
Young buyers in Singapore shifting attention to Johor
Younger property buyers in Singapore are looking for alternative locations to purchase homes, with Johor emerging as a popular destination. A report by The Sun Daily said the long waiting time for Singaporeans to get public housing units and the high prices of properties in the secondary market...
Continue Reading • 10 Nov 2011
Vista Park up for collective sale again
Vista Park at South Buona Vista Road is up for collective sale again. This time, the asking price that amounts to S$323 million (the reserve price the majority owners have set) is notably lower than the S$338 million asking price when it was first put on the market as a leasehold site in...
Continue Reading • 10 Nov 2011
Qingjian Realty wins tender for Punggol condo site
The Housing & Development Board (HDB) has awarded the tender for a residential site at the junction of Punggol Central and Edgedale Plains to Qingjian Realty (South Pacific) Group Pte Ltd.The group offered the highest bid of S$215.87 million in a public tender that closed on 3 November...
Continue Reading • 9 Nov 2011
DBSS prices comparable to ECs
Design, Build and Sell Scheme (DBSS) flats are now being sold at prices comparable to those of Executive Condominiums (ECs), attributed to the strong interest DBSS units have been getting.The demand is also boosted by the flats’ proximity to mature estates and MRT stations.Property firm...
Continue Reading • 9 Nov 2011
Residential site in East Coast up for sale
A freehold residential land parcel at East Coast in District 15 has been launched for public tender, according to Channel NewsAsia.HSR Investment Sales, its exclusive marketing agent, said the owners of the four landed homes on the site unanimously agreed to the joint investment sale.Located near...
Continue Reading • 9 Nov 2011
Bedok Reservoir deaths won't affect property values
Despite six deaths in Bedok Reservoir since June, residents living in the area can be assured that these events are unlikely to affect the values of their homes.Property firms and agents believe that deaths in residential areas will not have long-term repercussions.According to Charles Chua, Head...
Continue Reading • 9 Nov 2011
Indians dominate the private resale market
Among permanent residents (PRs) and foreigners, Indian nationals are the most prominent buyers in Singapore’s private residential resale market. Market watchers noted that they usually acquire completed homes for immediate occupation.However, in the new homes sales market, the mainland...
Continue Reading • 8 Nov 2011
Is S'pore's subsale market losing its appeal?
A relatively smaller percentage of private home buyers, particularly foreigners who are not permanent residents (PRs), have been active in the subsale market this year than in recent years, according to DTZ.This trend is primarily attributed to the increase in supply of newly-launched units over...
Continue Reading • 8 Nov 2011
Rents of city fringe homes rising steadily
Rents for non-landed homes in the Rest of Central Region (RCR) are rising steadily, narrowing the rental gap between the prime districts and the RCR, according to CB Richard Ellis (CBRE).Rents in the RCR climbed to S$3.36 psf by the third quarter of this year, up from S$3.15 psf in...
Continue Reading • 8 Nov 2011
Punggol condo site attracts 5 bids
The tender for a 99-year leasehold residential site at Punggol Central / Edgedale Plains was officially closed yesterday, with a total of five bids received.Qingjian Realty (South Pacific) Group Pte Ltd submitted the highest bid of S$215.87 million.“The top bid of S$215.87 million or S$330...
Continue Reading • 4 Nov 2011