The Fortredale up for sale through public tender
CB Richard Ellis (CBRE) has put The Fortredale, a prime freehold residential site located at 2 Tanjong Rhu Road, up for sale through a public tender.With an area of 23,020 sq ft, the site is zoned for residential use under the 2008 Master Plan. It has a 2.1 gross plot ratio and a permissible...
Continue Reading • 1 Mar 2011
Prices of non-landed private homes up 2.6%
Non-landed private home prices climbed 2.6 percent in January, based on the monthly index compiled by the National University of Singapore (NUS).According to the Singapore Residential Price Index (SRPI), the growth in home prices gained momentum in January. Prices surged one percent in December...
Continue Reading • 1 Mar 2011
Bishan site sold for S$550.1m
A land parcel at Bishan Street 14 has been awarded to Bishan Residential Development Ltd after offering the highest bid of S$550.1 million in a public tender that closed on 24 February.The site was made available for sale on 21 January 2011, under the confirmed list of the 1H2011 GLS programme,...
Continue Reading • 1 Mar 2011
Hillview Ave site up for public tender
The Urban Redevelopment Authority (URA) has launched a commercial-cum-residential site at Hillview Avenue for sale under the confirmed list of the 1H2011 GLS programme.The site has a total area of 14,294.3 sq m and a maximum gross floor area (GFA) of 40,025 sq m, with a leasehold period of 99...
Continue Reading • 1 Mar 2011
Singapore's DC rates poised to rise
Property consultants said development charges (DC) will likely rise, starting 1 March, due to higher land and real estate prices over the past six months.DC rates are revised every 1 March and 1 September by the Ministry of National Development (MND) of the year across Singapore’s 118...
Continue Reading • 28 Feb 2011
Bishan Street 14 site attracts S$550.1m top bid
A condominium site at Bishan Street 14 has attracted a total of 19 bids, with the highest bid of S$550.1 million offered by Bishan Residential Development Ltd.“The overwhelming response of 19 bids to the residential site at Bishan Street 14 showed that developers are optimistic about the...
Continue Reading • 25 Feb 2011
Mainland purchases of Singapore homes up 3%
The proportion of mainland Chinese buying Singapore residential properties jumped three percent in the fourth quarter of 2010, from 20 percent in the previous quarter.For the full-year 2010, their proportion among non-Singaporean buyers hit a yearly high of 19 percent, against 15 percent in the...
Continue Reading • 25 Feb 2011
Less HDB dwellers acquiring private homes
HDB dwellers accounted for a lower proportion of overall private property transactions in 2010 than in the previous year, according to a DTZ analysis based on data from the Urban Redevelopment Authority (URA).Many of those who purchased private property also opted to take up small units measuring...
Continue Reading • 25 Feb 2011
CDL: 2011 private home prices may fall
Private home prices in Singapore may drop by three to five percent this year, due to the recent government measures, said property developer City Developments Ltd (CDL).Kwek Leng Beng, Executive Chairman of the company, said that home prices may decline after hitting a record level last year and...
Continue Reading • 25 Feb 2011
Price gap between landed, non-landed homes narrowing
The gap between landed and non-landed property prices has narrowed in psf terms over the past two years, according to analysis by a real estate company.As of end March 2009, detached, semi-detached and terrace houses transacted at discounts of 38, 36 and 23 percent respectively, as compared to...
Continue Reading • 24 Feb 2011
New Changi Hotel site up for tender
The New Changi Hotel site on Changi Road has been launched for sale through a public tender, with an indicative price of S$61.8 million, or about S$781 psf, based on the potential gross floor area (GFA) of approximately 79,299 sq ft.The freehold redevelopment site is situated on a 2,456 sq m...
Continue Reading • 24 Feb 2011
GuocoLand inks building agreement for white site
The Singapore government and GuocoLand Limited’s wholly-owned subsidiaries, Perfect Eagle, Guston Pte and Belmeth Pte, signed a building agreement for the white site located at Peck Seah Street / Choon Guan Street.The 15,023 sq m site was launched for tender on 30 July, which closed on 16...
Continue Reading • 24 Feb 2011
Bendemeer, Tampines sites up for sale
The Housing and Development Board (HDB) is launching two sites at Bendemeer Road / Whampoa East and Tampines Central 7 for sale under the confirmed list of 1H2011 GLS Programme.With a land area of 18,618 sq m, the land parcel at Bendemeer Road / Whampoa East has a maximum permissible gross floor...
Continue Reading • 23 Feb 2011
Emerald Star, FC Retail acquire Punggol Central site
The Housing Development Board (HDB) has announced that the land parcel at the junction of Punggol Central and Punggol Walk has been awarded to Emerald Star Ltd and FC Retail Trustee Ltd, after offering the highest bid of S$1,021 million in a public tender that closed on 15 February.Zoned for...
Continue Reading • 23 Feb 2011
Amber Towers up for en bloc sale
The 54-unit Amber Towers at Amber Road is up for en bloc sale, with an asking price of between S$168 million and S$172 million.This translates to around S$1,152 psf ppr to S$1,180 psf ppr, given the gross floor area (GFA) of about 145,813 sq ft that a new development project could yield on the...
Continue Reading • 22 Feb 2011
Hideaways Club eyeing Singapore's top properties
The Hideaways Club is checking out top apartments in Singapore for a new timeshare portfolio known as The Hideaways Club — City Collection, said a report by Today newspaper.Last week, founder Mike Balfour was in Singapore, viewing luxury properties and seemingly eyeing a few choice units....
Continue Reading • 22 Feb 2011
Property investors to face demanding 2011
The speedy global economic recovery and fast-moving capital markets will create a demanding environment for property investors this year, said LaSalle Investment Management.The multi-speed economic recovery will create a long, slow return to equilibrium in Japan, the Eurozone, the UK and the US,...
Continue Reading • 21 Feb 2011
Singapore landed properties still hot
Singapore landed properties will likely see strong demand this year, as buyers will occupy them, as opposed to simply speculating for earnings, said analysts.These buyers will thus be unaffected by the series of cooling measures announced by the government. Demand will also be fuelled by low...
Continue Reading • 18 Feb 2011
Real estate investment in Asia looking up
Asia’s property investment recovered significantly in the second half of 2010, with China, Hong Kong, Japan and Singapore the most active markets, according to CB Richard Ellis’ (CBRE) Asia Investment Market report for H2 2010.Together, the four markets comprised over US$29 billion of...
Continue Reading • 18 Feb 2011
Austral View up for tender
Austral View in the Tanjong Rhu area has been put up for sale through a public tender with an indicative price of S$88 million, or S$1,350 psf ppr.CB Richard Ellis (CBRE), the marketing agent for the property, said the small apartment block has an area of 2,837 sq m. It is zoned for residential...
Continue Reading • 17 Feb 2011