Laverne's Loft set for Friday launch
Laverne’s Loft, a five-storey, 44-unit residential development in District 15, will be launched this Friday.Zhiwei Lin, a property specialist, said, “Laverne's Loft will be attractive because of its low quantum and its location in the choice living district of Singapore, (which is)...
Continue Reading • 6 Apr 2011
Singapore luxury home prices rank No.3 globally
Singapore’s high-end homes recorded the third largest increase in prices globally, behind Shanghai and Mumbai, according to a new report released today.Compiled by property consultancy Knight Frank and Citi Private Bank, The Wealth Report 2011 found that Singapore’s luxury home prices...
Continue Reading • 6 Apr 2011
Another Sengkang site goes on sale
The Housing Development Board (HDB) has released a residential site at Sengkang Square / Compassvale Drive for sale under the reserve list of the 1H2011 Government Land Sales (GLS) Programme.Located opposite Sengkang Town Centre, the 99-year leasehold site has a total area of 21,472 sq m and a...
Continue Reading • 6 Apr 2011
Are rising home prices bad for Singapore?
Singapore’s increasing home prices, poor locations and limited choices are becoming nagging issues that will no doubt be highlighted in the upcoming election.National Development Minister Mah Bow Tan, who is in charge of Singapore’s public housing, is aware that he is in the hot...
Continue Reading • 6 Apr 2011
Accor launches second ibis hotel in Singapore
International hotel group Accor has officially launched ibis Novena, its second hotel in Singapore. “The opening of the second ibis hotel in Singapore marks another important milestone for the ibis brand in this part of the world,” said Michael Issenberg, Chairman and Chief Operating...
Continue Reading • 6 Apr 2011
Haig Mansions goes on sale
Haig Mansions, a 16-unit apartment block on Haig Road, has been put up for sale with an asking price of S$21 million, or about S$746 psf ppr.The freehold development site has a land area of 20,226 sq ft, with a gross plot ratio of 1.4 and an allowable height of up to five storeys. Based on the...
Continue Reading • 5 Apr 2011
Fortredale reportedly goes for record S$65 million
Property insiders claim that the 23,020 sq ft freehold condo Fortredale at Tanjong Rhu has been sold for approximately S$65 million, or about S$1,342 psf ppr.The alleged purchaser is a low-profile Chinese developer, which is also building a project in the Balestier area.The collective sale of...
Continue Reading • 5 Apr 2011
Freehold site in District 19 up for tender
A 28,676 sq ft freehold residential site at 28 Lim Tua Tow Road has been launched for sale with an indicative price of S$26 million, or a land rate of approximately S$797 psf ppr, inclusive of an estimated Development Charge (DC) of S$6 million.Savills Singapore, which is marketing the property,...
Continue Reading • 5 Apr 2011
Tulip Garden collective sale fizzles
Tulip Garden was set to be the third-largest en bloc sale in Singapore, with a reserve price of S$650 million.However, after the 31 March deadline, no developer has signed for the 164-unit Farrer Road condominium.Launched in December, the tender for the 316,708 sq ft property closed on 20...
Continue Reading • 4 Apr 2011
London's OneSE8 launches in Singapore
St. James, London’s leading residential developer, unveiled its OneSE8 project during an exhibition held from 1 to 3 April at the Hilton Hotel. The event was to provide Singaporean investors the opportunity to invest in one of the world’s most famous residential markets.Situated in...
Continue Reading • 4 Apr 2011
Choa Chu Kang Drive site awarded to Camborne Developments
The Housing Development Board (HDB) has awarded an executive condominium (EC) site at Choa Chu Kang Drive to Camborne Developments.The developer offered the highest bid of S$170.10 million for the site in a public tender that closed on 22 March. This works out to around S$321 psf ppr and...
Continue Reading • 4 Apr 2011
Q1 resale property prices soften
The impact of the cooling measures implemented by the government in August 2010 and January 2011 have become clear from the Q1 2011 flash estimate results released by the Urban Redevelopment Authority (URA) and Housing Development Board (HDB).The URA’s Price Index and HDB’s Resale...
Continue Reading • 4 Apr 2011
Bartley site sold for S$413 million
A land parcel at Bartley Road / Lorong How Sun was jointly acquired by Intrepid Investments Ltd, Sunmaster Holdings Ltd and TID Residential Ltd, in a public tender that closed on 30 March.The consortium offered the highest bid of S$413.27 million, which translates to around S$621 psf ppr and a...
Continue Reading • 4 Apr 2011
CapitaLand, Mitsubishi Estate to develop Bishan condo
CapitaLand has partnered Japan’s Mitsubishi Estate Co to jointly develop a condo site in Bishan, which CapitaLand acquired in February.Mitsubishi Estate holds a 25 percent share, while CapitaLand will manage the remaining 75 percent stake in the development, which it plans to launch in the...
Continue Reading • 1 Apr 2011
Property auction sales plummet in Q1
The property auction market has registered a sharp drop in the total number of transactions and sales in the first quarter, winding up a total of 17 deals worth S$27.9 million, according to new data released by Colliers International.The commercial brokerage firm said the significant decline in...
Continue Reading • 1 Apr 2011
Foreigners hot for Sentosa Cove bungalows
The number of foreigners buying bungalows in Sentosa Cove has increased, while other pricey locations in the city have experienced a decline.The number of expats in Singapore who are purchasing bungalows in pricey locations in the city, including Districts 10, 11 and 21, fell last year, compared...
Continue Reading • 31 Mar 2011
URA closes tender for Bartley Road site
The Urban Redevelopment Authority (URA) has closed the tender for the residential site at Bartley Road / Lorong How Sun, after receiving a total of eight bids. The highest bid came from a tie-up between Intrepid Investments Ltd, Sunmaster Holdings Ltd and TID Residential Ltd at S$413.27...
Continue Reading • 31 Mar 2011
Singapore's mass market property prices hit record high
Singapore’s resale capital values rose in the first quarter of the year, although more upward pressure was seen outside the prime districts in the Central and East Coast areas, according to preliminary estimates released by Jones Lang LaSalle (JLL).According to the global real estate...
Continue Reading • 31 Mar 2011
Latest BTO projects receive overwhelming response
The 1,527 flats in the Housing Development Board’s (HDB) two latest Built-to-Order (BTO) projects in Sengkang and Jurong West were seven times oversubscribed upon the closing of applications on 30 March 2011.This exceeded experts’ expectations of four times the units on offer, ranging...
Continue Reading • 31 Mar 2011
HDB launches sale of Sengkang site
The Housing Development Board (HDB) has launched a tender for a residential site at the junction of Buangkok Drive and Sengkang East Drive, under the confirmed list of the 1H2011 Government Land Sales (GLS) programme.Located in the east side of Sengkang New Town, the land parcel has a site area...
Continue Reading • 30 Mar 2011