GCB sales slow in July
Sales of good class bungalows (GCBs) in July continued to dry up after the slowdown witnessed in the first half of this year, according to agents surveyed by The Business Times.Last month, only one caveat in a GCB area was lodged — a unit at Andrew Road that sold for S$8.88 million...
Continue Reading • 1 Aug 2011
Lacklustre sentiment amongst property players
Property market sentiment among property players fell in the second quarter, with the slowdown most evident in the suburban residential segment, according to a recent survey by the National University of Singapore (NUS) and the Real Estate Developers' Association of Singapore (REDAS).Wong Heang...
Continue Reading • 29 Jul 2011
Price index for shoebox units revealed
Price increases for shoebox units have been outperforming gains in overall apartment prices since the real estate market recovery after the global financial crisis.The latest indices from NUS’ Institute of Real Estate Studies (IRES) revealed that the sub-index for prices of completed...
Continue Reading • 29 Jul 2011
Frasers to launch Phase 3 of London project in Singapore
Frasers Property, the international property arm of Singapore-based Frasers Centrepoint Limited (FCL), is launching Phase Three of its Riverside Quarter residential project in London this weekend at St Regis Singapore.According to The Business Times, the first two phases, comprising 204...
Continue Reading • 29 Jul 2011
Majority of Singaporeans still feel properties are expensive
Home buyers and real estate investors are less optimistic about property affordability than they were in the first quarter of this year, according to the results of a survey on property market sentiment, compiled by PropertyGuru.The survey shows that 79 percent of all respondents believe property...
Continue Reading • 28 Jul 2011
Upper Serangoon residential site to see moderate demand
A residential site at the junction of Upper Serangoon Crescent and Upper Serangoon Road has been launched for sale.Proposed for condominium housing, the land site has a total area of 24,620 sq m, with a maximum gross floor area (GFA) of 86,170 sq m and a gross plot ratio of 3.5. It can yield up...
Continue Reading • 28 Jul 2011
S'pore luxury home market remains stable, says JLL
Singapore’s luxury prime market remained stable in the second quarter, as home buyers stayed cautious after recent cooling measures implemented by the government, according to a report from global real estate services firm Jones Lang LaSalle (JLL).“Despite the low interest rates...
Continue Reading • 28 Jul 2011
Andrew Road GCB up for sale
A two-storey bungalow at 10 Andrew Road has been launched for sale through a public tender.Located in the Caldecott Hill Estate Good Class Bungalow (GCB) area, the house has a land area of 11,357 sq ft and includes a swimming pool.Credo Real Estate, which is marketing the property, said the...
Continue Reading • 28 Jul 2011
World famous architect to design Bishan condo
CapitaLand Residential Singapore has appointed renowned international architect Moshe Safdie as the lead designer of its Bishan Central condominium project.The new residential development will feature 540 units and is a five-minute walk from the Junction 8 shopping mall and Bishan transportation...
Continue Reading • 27 Jul 2011
4444 new private homes sold in Q2
Around 4,444 new homes have been sold in Q2 2011, compared to the 3,595 units sold in Q1 and 3,969 units fewer than the 8,413 units sold over the same period last year.“Of the 4,444 units sold in Q2, 2,732 units (61.4 percent) were located in OCR,” said Li Hiaw Ho, Executive Director...
Continue Reading • 26 Jul 2011
URA grants provisional permission for several projects
Several projects in Singapore have secured provisional permission (PP) from the Urban Redevelopment Authority (URA) in the second quarter.In the central business district (CBD), a Tuan Sing unit obtained PP to develop an office / retail project on Robinson Road. The development comprises 380 sq m...
Continue Reading • 25 Jul 2011
Private home prices edge up 2% in Q2
Private home prices in Singapore edged up 2.0 percent quarter-on-quarter in the second quarter, lower than the 2.2 percent increase in the first quarter, according to the Urban Redevelopment Authority’s (URA) real estate statistics for Q2 2011.The increase was more evident in the Outside...
Continue Reading • 25 Jul 2011
En bloc properties above S$100m difficult to sell
Properties going for S$100 million and above are the most difficult to sell in the collective sales market this year, according to The Business Times.Data released by Credo Real Estate showed that plots that have been put up for sale only enjoyed a 51 percent success rate in the first half of the...
Continue Reading • 22 Jul 2011
Private home subsales up 10.6% to 712 units
The number of private homes sold in the subsales market climbed 10.6 percent to 712 units in the second quarter, according to Savills Singapore.However, the pace of increase in the second quarter was slower than the 27 percent jump reflected in the 4,562 new private homes sold by...
Continue Reading • 22 Jul 2011
Hungry Ghost Festival may boost July home sales
Property developers are hoping that home buyers will purchase ahead of the Hungry Ghost Festival in August. Otherwise, overall market sentiment will be cautious.Chia Siew Chuin, Director of Research & Advisory at Colliers International, noted that while the end of the school holidays could...
Continue Reading • 21 Jul 2011
A scary market forecast for Ghost Month
The Hungry Ghost Festival, which falls between 31 July and 28 August, may come with its usual scares, but property developers face a more serious problem. Even before the festival kicks off, various factors have already weighed down on private home buying response.“The Ghosts’ Month...
Continue Reading • 19 Jul 2011
Private home sales drop sharply in June
Sales of private homes in June dropped 25 percent month-on-month to 1,182 units, excluding Executive Condominiums (EC).This means a total of 4,562 units were transacted in Q2 2011, about 27 percent more than the 3,595 new homes sold in the previous quarter.“It is not surprising to see the...
Continue Reading • 18 Jul 2011
S'pore luxury home prices shoot up by 20%
Despite the property cooling measures announced in January, prices of luxury units have risen a staggering 20 percent to S$7.9 million, according to Kim Eng, in a report by Singapore Business Review.“While the average price per unit in all the other segments declined, in the luxury segment,...
Continue Reading • 18 Jul 2011
Property agents wooing wealthy Chinese buyers
The growing number of cash-rich Chinese home buyers is providing Singapore property agents a wealth of opportunities. While other real estate agents are holding roadshows in China, some are taking a more aggressive approach, bringing potential buyers from China to Singapore for personalised tours...
Continue Reading • 15 Jul 2011
Global hotel investments hit US$14.8b in H1
Global hotel investment volumes hit US$14.8 billion in the first half of the year, reflecting a 117 percent increase over the same period last year, according to global hotel investment services firm Jones Lang LaSalle Hotels.“Despite various natural, economic and political crises witnessed...
Continue Reading • 15 Jul 2011