280 more units released for sale at A Treasure Trove
Following the brisk take up of A Treasure Trove in Punggol Central, property developer Sim Lian Group has released an additional 280 units at the project for sale, bringing the total number of units released to 580.“The positive response to A Treasure Trove in Punggol reflects buyers’...
Continue Reading • 13 Sep 2011
Indonesians still one of the top home buyers in S'pore
Indonesians are one of the major home buyers in the Singapore property market, along with mainland Chinese and Malaysians.According to data released by the Urban Redevelopment Authority (URA), 1,706 Indonesians, including permanent residents (PRs), acquired private homes in Singapore last year....
Continue Reading • 13 Sep 2011
CapitaLand's Nassim condo priced at S$9 million for a 3-bedder
A 55-unit low-rise condo located on the former ANA Hotel site at Nassim Hill has been priced by CapitaLand at between S$9 million and S$33 million.Designed by Mok Wei Wei of W Architects, the project will be located amid lush greenery to give residents the feel of living in a landed...
Continue Reading • 12 Sep 2011
Foreigners snapping up posh apartments in S'pore
Foreigners are acquiring posh apartments in Singapore and contributing to the health of the luxury market, which had been weak since early 2007, according to an article in The Straits Times.Foreigners, including permanent residents (PRs), acquired 162 non-landed units with an average price of...
Continue Reading • 12 Sep 2011
Serangoon condo site awarded to highest bidder
A 99-year leasehold site at the junction of Upper Serangoon Crescent and Upper Serangoon Road has been awarded to Allgreen Properties Ltd, after it offered the highest bid of S$270.28 million in a public tender that closed on 7 September 2011.The winning bid works out to around S$291.39 psf of...
Continue Reading • 12 Sep 2011
Mixed-use projects getting more popular
Mixed-use developments are increasingly popular among property buyers in Singapore whose busy schedules have lead to the demand of facilities for leisure, work and living, all in one destination.Additionally, mixed-use concepts provide the developers a unique way to optimise and diversify land...
Continue Reading • 12 Sep 2011
The Arc at Tampines seen as most successful EC project in recent times
A Hoi Hup led-consortium sold 220 units at the Arc at Tampines executive condo (EC) project during balloting yesterday, at an average price of S$722 psf.“Arc is the first EC launch to benefit from the higher monthly household income ceiling of S$12,000 compared with S$10,000...
Continue Reading • 9 Sep 2011
Malaysian developer unveils luxurious new residential project in Singapore
Malaysian property developer Selangor Dredging Bhd (SDB) has unveiled the upcoming Hijauan on Cavenagh project.Aimed at captivating the public with its stunning designs, the six-storey residential block comprises 41 units on about 19,800 sq ft of land and has a gross plot ratio of 2.0.Featuring a...
Continue Reading • 9 Sep 2011
Condo units at A Treasure Trove selling at brisk pace
Property and construction company Sim Lian Group Limited has launched its newest condominium, A Treasure Trove in Punggol Central.The 99-year leasehold development features two-bedroom, two-plus-study, three-bedroom, three-plus-study and four-bedroom units, as well as high-end single-level...
Continue Reading • 9 Sep 2011
Singapore the most active hotel investment market in Asia Pac
Singapore has been ranked the most active hotel investment market in Asia Pacific, accounting for S$1.02 billion of the S$2.6 billion transaction volume in the region, according to Jones Lang LaSalle's (JLL) Hotel Investment Highlights 2011.JLL said in its report that Singapore’s sales...
Continue Reading • 9 Sep 2011
Second Naumi Hotel in Singapore to open next year
Naumi Hotels Pte Ltd, one of the premier luxury hotel companies in Singapore, has announced the opening of its second hotel at Keong Saik Road in 2012. The announcement came after The Royal Peacock Hotel Pte Ltd sold the The Saff to the Hind Group for slightly below S$42.1 million.“The...
Continue Reading • 8 Sep 2011
Hoi Hup to conduct balloting for Arc at Tampines today
Property developer Hoi Hup Sunway Tampines Ltd will conduct booking and balloting for its latest executive condominium (EC) development Arc at Tampines today, after being two times oversubscribed since it accepted registrations of interest on 31 August 2011.Many property agents said prices for...
Continue Reading • 8 Sep 2011
Upper Serangoon site gets S$270.28m top bid
The tender of a residential site located at Upper Serangoon Crescent / Upper Serangoon Road was closed yesterday, with Allgreen Properties Limited offering the top bid of S$270.28 million, or S$3,136.53 psm of gross floor area (GFA).FCL Topaz Pte Ltd, Far East Civil Engineering (Pte) Limited and...
Continue Reading • 8 Sep 2011
Singapore the 2nd most expensive place to build in Asia
Singapore ranked second on the list of the most expensive places to build in Asia, according to the 2011 International Construction Cost Report released by EC Harris.Coming in behind Japan and sharing the spot with Hong Kong, Singapore is also among the top 20 most expensive countries to build...
Continue Reading • 8 Sep 2011
Freehold site on Robin Road up for grabs
A freehold residential site on Robin Road has been launched for en bloc sale, with an indicative price of S$58 million.Located off Bukit Timah Road, the 40-year-old site sits on a 23,084 sq ft land plot situated directly across The Chinese International School and Singapore Chinese Girls Primary...
Continue Reading • 8 Sep 2011
Asia Pacific disasters to raise property catastrophe reinsurance premiums
The Asia Pacific region can expect tighter terms and conditions in the property market, as international reinsurers attempt to regain some of the losses caused by the series of disasters that have hit the region.According to a report by Singapore Business Review (SBR), higher premiums on...
Continue Reading • 7 Sep 2011
Unveiled: New residential property to grace Canary Wharf, London
The Baltimore Wharf residential development in Canary Wharf has been unveiled, raising the curtain on one of the most dynamic residential developments of the 21st century. The launch of the development comes as Asian investors’ interest in UK property continues to be strong.“Not only...
Continue Reading • 7 Sep 2011
Park West in Clementi goes en bloc
Park West, a prime residential site at Jalan Lempeng in Clementi, has been launched for en bloc sale with an indicative price of S$803 million.This works out to around S$603 psf ppr based on a gross floor area (GFA) of approximately 1,330,653 sq ft. The 99-year leasehold site has a gross plot...
Continue Reading • 7 Sep 2011
Condo units at The Meyerise snapped up in preview
The Meyerise, a 239-unit freehold project at Meyer Road, saw strong interest from buyers during its weekend preview, with nearly 70 percent of the 120 units released sold.Of the total units sold, approximately 50 percent were three-bedroom units, with prices ranging between S$1,400 psf and...
Continue Reading • 6 Sep 2011
The Luxurie at Sengkang a big hit with property hunters
Keppel Land Limited has seen strong response for The Luxurie at Sengkang, with over 180 units sold at an average price of S$980 psf since sales started last week.“The positive take-up, with more than 82 percent of the 220 launched units sold, reflects home buyers’ confidence in The...
Continue Reading • 6 Sep 2011