Several mid-sized property deals closed
A few mid-sized real estate investment sales transactions have been closed recently.Formerly called Royal Peacock Hotel, The Saff Hotel at Keong Saik Road has been sold to the Hind Group for slightly below S$42.1 million, according to The Business Times. The Hind Group also owns Naumi Hotel, a...
Continue Reading • 6 Sep 2011
Dynasty Garden freehold site up for sale
Dynasty Garden, a freehold redevelopment site in District 10, along with its adjoining plot, have been launched for sale through a public tender.Located along Sixth Avenue, Dynasty Garden currently comprises 33 walk-up apartments with unit sizes of between 97 sq m and 242 sq m. Knight Frank, the...
Continue Reading • 6 Sep 2011
Housing in high demand, prices stable
Singapore property prices will remain stable in the medium term, with key home-buying factors like upgrading and investment still expected to drive up demand, said a My Paper report.This comes amid the expected slowdown in Singapore’s economic growth, led by the debt crisis in western...
Continue Reading • 5 Sep 2011
The Arc at Tampines EC sees strong interest
More than 300 interested parties have visited The Arc at Tampines showroom, the first executive condominium (EC) project to be launched since income ceiling rules were revised in August 2011, according to The Straits Times.Agnes Lee, a kindergarten principal, was one of the early birds at the...
Continue Reading • 2 Sep 2011
Whitley Heights condo sold for S$159m in collective sale
A condominium located off Thomson Road has been sold to Hoi Hup Realty for S$159 million, or approximately S$1,222 psf of land area.Called Whitley Heights, the freehold development comprises 45 walk-up apartments in three 3-storey blocks. It was launched for sale in January 2011, with the owners...
Continue Reading • 2 Sep 2011
Punggol Field condo site attracts 8 bids
The Housing & Development Board (HDB) closed the tender for a residential land parcel at Punggol Field Walk yesterday, after receiving a total of eight bids. The top offer was jointly submitted by Capital Development Pte Ltd and ZACD Investments Pte Ltd at S$169.56 million.“The top bid...
Continue Reading • 2 Sep 2011
Riviera Point up for sale at S$70m
Riviera Point, a freehold property along River Valley, has been launched for sale with an indicative price of S$70 million.This translates to around S$1,420 psf ppr with no development charge (DC) payable. With an additional 10 percent balcony area, the psf price for the site could be reduced to...
Continue Reading • 1 Sep 2011
Chatsworth bungalow sells at $22m record price
The Good Class Bungalow (GCB) market is moving slowly but a new record price was set when a bungalow at No 6 Chatsworth Road changed hands for S$22 million (around S$2,038 psf).According to The Business Times, the property was acquired by Cheong Sim Lam, whose family was behind the development of...
Continue Reading • 1 Sep 2011
Award of tender for residential site at Serangoon Garden Way
A residential land parcel at Serangoon Garden Way has been awarded by the Urban Redevelopment Authority (URA) to Sunmaster Holdings Pte Ltd and Garden Estates (Pte) Limited. The two groups jointly submitted the top bid of S$105 million (S$3,696.99 psm of site area) in a public tender that closed...
Continue Reading • 31 Aug 2011
The Meyerise preview set for September
Hong Leong Holdings will be conducting a preview for The Meyerise, a freehold residential development in the East Coast, next month, with a starting price of S$1,400 psf.Located at Meyer Road, The Meyerise will comprise 239 units across two 31-storey blocks. It will offer two-, three-, four- and...
Continue Reading • 31 Aug 2011
S'pore resale home prices record slower growth in July
Prices of non-landed resale homes registered slower growth in July, primarily driven by the stronger price increase of shoebox units.But even the prices of these small units, normally around 500 sq ft or below, grew at a slower rate of 1.4 percent, compared with 2.4 percent in June.The Singapore...
Continue Reading • 31 Aug 2011
Price growth slowing for upgrader segment of private homes market
The private residential market’s upgrader segment will likely witness slower price growth, according to Wing Tai Chairman Cheng Wai Keung.This is due to the maturity of the upcycle in the segment, as well as the higher risk of impact from public housing policy revisions.Instead, more price...
Continue Reading • 31 Aug 2011
Property auctions slump during Hungry Ghost Festival
August has been a quiet month for the property auction market in Singapore, as only a handful of investors put up their property for sale during the Hungry Ghost Festival.According to data from Colliers International, of the 34 properties launched for auction this month, a terrace house at Da...
Continue Reading • 31 Aug 2011
The Marq condo sets S$19m price record
A 3,003 sq ft four-bedroom unit at The Marq on Paterson Hill has been snapped up by an overseas buyer for a whopping S$19 million.The posh condo project near Orchard Road had already set a record price after a similar unit was sold for S$5,842 psf in May this year. However, the latest sale easily...
Continue Reading • 31 Aug 2011
HDB releases 2 EC sites for sale
The Housing & Development Board (HDB) has launched two executive condominium (EC) residential sites at Pasir Ris Drive 3 / Pasir Ris Rise and Yishun Avenue 7 / Canberra Drive for sale through public tenders.The 99-year leasehold land parcel at Pasir Ris Drive 3 / Pasir Ris Rise has a total...
Continue Reading • 26 Aug 2011
URA launches two residential sites
Two residential land parcels at Jalan Loyang Besar / Pasir Ris Rise and Flora Drive were launched by the Urban Redevelopment Authority (URA) for sale through public tender yesterday.Launched for sale under the confirmed list of the H2 2011 Government Land Sales (GLS) programme, the two 99-year...
Continue Reading • 26 Aug 2011
New aircon bus interchange to open in Serangoon
Commuters from northeast Singapore will now enjoy enhanced connectivity and convenient transfers through a brand new, fully air-conditioned bus interchange to open at Serangoon Central.The new S$18.8 million interchange will open on 3 September 2011 and is located at Basement Two of NEX Mall. It...
Continue Reading • 26 Aug 2011
Home buyers not scared off by Ghost Month
This month’s Hungry Ghost Festival has slowed down property launches but may have less impact on home sales, according to Singapore Business Review.More people are becoming less superstitious and with a favourable market, home sales are expected to rise, despite the traditionally...
Continue Reading • 26 Aug 2011
Midlink Plaza, Permai Court for sale
Midlink Plaza, a nine-storey commercial building at the junction of Queen Street and Middle Road, has been launched for tender with an indicative price of between S$120 million and S$130 million.With the building’s existing strata area of 92,861 sq ft, the price tag translates to around...
Continue Reading • 25 Aug 2011
DTZ lowers forecast for property investment in Asia-Pac
DTZ has downgraded this year’s property investment forecast in the Asia Pacific region from S$158 billion to S$135 billion.“The downward revision comes as a result of policy initiatives in China to cool the property market, the earthquake and tsunami in Japan, and fears of a global...
Continue Reading • 25 Aug 2011