Green Lodge up for sale again at S$195m
Green Lodge, a residential development site at Toh Tuck Road, has been launched for sale with an indicative price of around S$195 million.This works out to around S$866 psf ppr, with no development charge payable for proposed development of up to 1.49, said real estate adviser DTZ, the...
Continue Reading • 4 Nov 2011
Frasers to launch Perth's first mixed-use project
Frasers Property Australia (FPA), an international property arm of Frasers Centrepoint, will be launching the first mixed-use urban development in Perth, Australia.Known as Queens Riverside, the project spans 15,300 sq m and comprises 408 luxury apartments in three buildings and 236 serviced...
Continue Reading • 3 Nov 2011
Parc Vera condo sees healthy take-up
Around 143 units have been snapped up at Parc Vera as of Monday, with an average price of about S$800 psf.PropertyGuru understands that the majority of buyers are HDB upgraders. Nearly 80 percent are Singaporeans while the rest are permanent residents (PRs) and foreigners.Located at Hougang...
Continue Reading • 2 Nov 2011
Trivelis oversubscribed by 3 times
Trivelis, a new Design, Build and Sell Scheme (DBSS) project in Clementi, has received a total of 2,877 applications as of Monday, according to a report in The Straits Times.Located along Clementi Avenue 4, Trivelis is the first DBSS project in the area, comprising 888 three-, four- and five-room...
Continue Reading • 2 Nov 2011
Home sales unlikely to surpass 2010 record
With uncertainties in the global economy affecting housing demand, private home sales in Singapore may come close to 2010’s record high but are unlikely to exceed the figure, according to many experts.The number of private homes sold in the first nine months of this year reached 12,301...
Continue Reading • 2 Nov 2011
2 more residential sites go en bloc
Two more residential sites were put up for collective sale yesterday, taking the total value of properties launched for en bloc sale in October to approximately S$5 billion.The tender for the first site, Laguna Park, is being handled by Knight Frank and has a reserve price of S$1.25 billion,...
Continue Reading • 1 Nov 2011
Buyers in cautious mood, say property analysts
Several property players have expressed their views on the Q3 property statistics released by the Urban Redevelopment Authority (URA).Last week, the URA reported that prices of private residential properties in Singapore grew only 1.3 percent in Q3, lower than the two percent growth in Q2.It was...
Continue Reading • 31 Oct 2011
Developer sentiment down in Q3
Property players’ sentiment weakened in the third quarter, with the residential and office sectors likely to fare worse over the next six months, according to a report in The Business Times.In the latest survey jointly conducted by the National University of Singapore (NUS) and Real Estate...
Continue Reading • 31 Oct 2011
Parc Vera condo set for weekend launch
Parc Vera, a 452-unit condominium development in Hougang, is set to be launched tomorrow. Comprising four 18-storey residential towers, Parc Vera offers two- to four-bedroom units, as well as two-bedroom-plus-study units and penthouses. Sizes range from 710 sq ft for a two-bedroom unit to...
Continue Reading • 28 Oct 2011
House price growth continues to slow: URA
Prices of private residential properties in Singapore climbed 1.3 percent in the third quarter, lower than the 2.0 percent increase in Q2, according to the latest Q3 2011 property statistics from the Urban Redevelopment Authority (URA).“This was the eighth consecutive quarter in which the...
Continue Reading • 28 Oct 2011
Asia's luxury residential capital values down 0.2% in Q3
Average capital values across luxury residential markets in Asia dropped 0.2 percent in the third quarter of this year, according to the latest Residential Index from Jones Lang LaSalle (JLL).JLL added that price growth has steadily slowed from the 7.4 percent quarter-on-quarter rise recorded in...
Continue Reading • 27 Oct 2011
EC site in Yishun draws top bid of S$213.78m
The tender for an executive condominium (EC) site located at the junction of Yishun Avenue 7 and Canberra Drive was closed on Tuesday, with a total of eight bids received.According to the Housing and Development Board (HDB), MCC Land (Singapore) Pte Ltd submitted the top bid of S$213.78 million...
Continue Reading • 27 Oct 2011
Clementi DBSS launch a crowd puller
Reflecting the strong demand for new DBSS projects, close to 800 applications were received for the 888-unit Trivelis at Clementi Avenue 4 as of 11pm yesterday.According to a Straits Times report, there was a long queue of potential buyers waiting to enter the showflat and those inside jostled...
Continue Reading • 27 Oct 2011
New DBSS project at Clementi launching tomorrow
Trivelis, a new 888-unit Design, Build and Sell Scheme (DBSS) project at Clementi Ave 4, will be launched tomorrow by EL Development.The three 40-storey towers comprise three- to five-room flats with sizes ranging from 646 sq ft (three-room) to 1,130 sq ft (five-room).More than half of the flats...
Continue Reading • 27 Oct 2011
Singapore's first ever Sofitel hotel to open in 2013
Singapore's first Sofitel hotel, the Sofitel So Singapore, will launch in early 2013, with Royal Group Holdings contributing up to S$130 million, including the S$86 million it paid for the Robinson Road site during a public tender in January.The hotel, which will include 135 rooms and suites,...
Continue Reading • 25 Oct 2011
Orchid Hotel Singapore up for sale
The Orchid Hotel Singapore in Tanjong Pagar has been put on the market with an indicative price of S$250 million and above.This works out to at least S$920,000 per room for the 272-room hotel, which has a remaining leasehold period of 95 years.Tom Oakden, Executive Vice-President of Investment...
Continue Reading • 21 Oct 2011
Flora Drive site attracts 8 bids
A residential site at Flora Drive has received a total of eight bids in a public tender that closed yesterday. Realty Consortium Pte Ltd submitted the highest offer at S$163 million (around S$361 psf ppr).This will “translate to a breakeven cost of about S$680 to S$700 psf,” said Li...
Continue Reading • 20 Oct 2011
The Westin Singapore Marina Bay to open in 2013
Starwood Hotels & Resorts Worldwide, Inc., one of the leading hotel and resort operators worldwide, has announced the opening of The Westin Singapore Marina Bay in 2013.Owned by one of MGPA’s managed funds, the new hotel will occupy the 32nd to 46th floors of Asia Square Tower 2 and...
Continue Reading • 19 Oct 2011
S'pore's most expensive private hospital to open next year
The S$2 billion Parkway Novena Hospital, the most expensive private hospital to be built in Singapore in the last 30 years, is scheduled to open in the second half of 2012.According to The Straits Times, the hospital will feature 333 single-bed wards and the latest medical equipment.The hospital...
Continue Reading • 19 Oct 2011
Lake Vista DBSS units being snapped up quickly
Lake Vista@Yuan Ching, the first Design, Build and Sell Scheme (DBSS) project in western Singapore, was launched yesterday, receiving a total of 100 applications as of 6pm.Developed through a joint venture (JV) between Sunway Development, S C Wong Holdings and Hoi Hup Realty, the 682-unit project...
Continue Reading • 19 Oct 2011