S'pore private home prices up 1.3% in Q3
Price increases for private homes continue to moderate, with Q3’s price growth being the smallest in over two years.According to flash estimates released by the Urban Redevelopment Authority (URA), Singapore’s private home prices climbed 1.3 percent in Q3, down from 2.0 percent in the...
Continue Reading • 3 Oct 2011
S'pore property auction market remains weak
The volatility of Singapore’s property auction market was again highlighted when only one of 15 properties was sold during a Knight Frank property auction this month.The property sold was a 1,206 sq ft factory unit at Woodlands Industrial Park, for about S$460,000. This was S$160,000 above...
Continue Reading • 30 Sep 2011
Mass market home prices may hit record high
While the ongoing economic concerns in the US and Europe have impacted luxury property sentiment, prices of mass-market homes have almost reached the psychological barrier of S$1,000 psf.This contrasts with declining sales volumes, wherein the Outside Central Region (OCR) bucked the trend with...
Continue Reading • 30 Sep 2011
Riviera 38 preview set for next week
Singapore property developer Allgreen Properties is set to preview its 102-unit Riviera 38 project at Mar Thoma Road next week.Located near the Toa Payoh / Bendemeer area, the 999-year leasehold development will comprise a 27-storey tower, with apartments from the sixth floor upwards. Apartment...
Continue Reading • 30 Sep 2011
Shoebox unit prices to stabilise in face of affordability issues
After falling 0.5 percent in July, prices of shoebox apartments posted a 3.1 percent rise in August, according to latest figures by the National University of Singapore’s (NUS) Singapore Residential Price Index (SRPI).The price increases are more significant when compared to the overall...
Continue Reading • 30 Sep 2011
SMART buyers and investors heading to Suntec
Singapore’s property investors and buyers will witness a large display of regional and global property investment options at the upcoming SMART Investment and International Property Expo.The Expo, which is in its 23rd edition of the longest-running series of overseas property exhibitions in...
Continue Reading • 29 Sep 2011
Luxury property values on the up
After releasing its recent global billionaire property index, real estate services provider Savills said that multi-million pound houses, listed for sale in the top 10 most expensive cities worldwide have climbed 10 percent in value, while prices of ordinary homes in the same cities rose by six...
Continue Reading • 29 Sep 2011
Singapore developers actively luring Chinese buyers
Despite tougher immigration laws and rising property prices, mainland Chinese buyers’ interest in Singapore properties remains relatively strong, according to developers and agents.Mainland Chinese have become the leading foreign property buyers in Singapore, which is perceived as a good...
Continue Reading • 29 Sep 2011
Home prices in central region decline from peak in May
Latest figures from NUS’ Institute of Real Estate Studies has revealed that the Singapore Residential Price Index (SRPI) for the central region (excluding small units) declined 2.08 percent in August 2011 from its recent high in May 2011, and was down 0.7 percent from July.With this in...
Continue Reading • 29 Sep 2011
Singapore Sports Hub to open for action by 2014
The S$1.33 billion Singapore Sports Hub is scheduled to open by April 2014, according to Chan Chun Sing, Acting Minister for Community Development, Youth and Sports.“In this private-public partnership programme, we want to get the downstream things like maintenance all integrated to the...
Continue Reading • 27 Sep 2011
Orchard Hotel gets a S$10m facelift
The Claymore Wing of Orchard Hotel has undergone a S$10 million makeover, with all its 331 guestrooms now fully refurbished, according to The Business Times.“I am pleased to announce that our S$10 million refurbishment project is completed and reflects our commitment to create a memorable...
Continue Reading • 27 Sep 2011
Old Admiralty House set to become boarding school
FIS Institute is set to redevelop Old Admiralty House at Old Nelson Road in Sembawang into a boarding school, after winning the bid from the Singapore Land Authority (SLA).However, renovations have been delayed, pending approval of the application to build an extension.In exchange for the land...
Continue Reading • 27 Sep 2011
Property investment sales down 55% in Q3
Property investment sales achieved approximately S$3.8 billion in the third quarter of this year, down 55 percent from S$8.5 billion in Q2, according to the latest figures from Savills Singapore.While the industrial sector dominated investment sales in Q3, the office and residential markets...
Continue Reading • 23 Sep 2011
URA to launch tender for hotel site at Bukit Merah
After receiving a committed minimum bid of S$98 million from an unnamed developer, the Urban Redevelopment Authority (URA) announced yesterday that it will put up a hotel site at Jalan Bukit Merah / Alexandra Road for sale through a public tender.The site was made available for sale through the...
Continue Reading • 23 Sep 2011
Singapore ranked 4th most costly city
Singapore has been ranked as the fourth most costly destination in Savills’ World Cities Review report, with the average value of luxury homes in the country increasing 144 percent over the past five years.“Singapore has the highest concentration of millionaire households in the world...
Continue Reading • 23 Sep 2011
Popular acquires Permai Court for S$20.25m
Singapore-based company Popular Holdings, through Popular Land Investment, has secured an en bloc sales deal to acquire Permai Court, a freehold residential site at Kampong Bahru, for approximately S$20.25 million.This works out to about S$982 psf ppr, taking into consideration an estimated S$2.5...
Continue Reading • 23 Sep 2011
Average mass market home prices hit S$1 million
Average prices of mass market homes in suburban areas have exceeded the psychological threshold of S$1 million, according to a Straits Times report.Data compiled by Ku Swee Yong, Chief Executive of International Property Advisor, and the Singapore Condo agency showed that values for new and...
Continue Reading • 23 Sep 2011
Parkway View up for sale with S$81m price tag
Jones Lang LaSalle (JLL) has launched the collective sale of Parkway View, a prime residential development site along Marine Parade Road, at an indicative price of S$81 million.This works out to around S$1,360 psf ppr, with no development charge (DC) payable.Enjoying prominent frontage along...
Continue Reading • 22 Sep 2011
Residential sites face softening land bid prices
While prices of private homes have continued to moderate for over a year, residential sites are witnessing a softening in bid prices.In addition, strong sales have been recorded at new launches, such as the Meyerise at Meyer Road, which sold 35 percent of its units, and the Luxurie in Sengkang,...
Continue Reading • 22 Sep 2011
Oxley Holdings takes part in S$171m property acquisition
A conglomerate led by Oxley Holdings has participated in the biggest en bloc sale in Singapore this year, with the acquisition of Hong Leong Garden Shopping Centre for S$171.128 million. The purchase of the mixed development at West Coast Way equates to a land price of between S$804 psf and S$819...
Continue Reading • 22 Sep 2011