Upper Serangoon Road site attracts only 2 bids
A land parcel at Upper Serangoon Road has attracted only two bids in a public tender that closed on November 30.Kwan Hwee Investment Ltd offered the highest bid of $155.23 million, while Sim Lian Land Ltd offered $113.30 million.The land site has a total area of 20,000 sq m and a maximum gross...
Continue Reading • 1 Dec 2010
Hawaii Tower to go en bloc
Hawaii Tower, on Meyer Road, is expected to be launched for sale next week with an indicative price of $700 million, or approximately $1,401 psf ppr, including a $55 million development charge (DC). The site, which sits on a 192,340 sq ft plot, is zoned for residential use with a gross plot ratio...
Continue Reading • 1 Dec 2010
Non-landed private home prices down 0.7%
Non-landed private home prices saw a 0.7 percent decline in October, after a 1.1 percent monthly increase in both August and September, according to the Singapore Residential Price Index (SRPI) of the National University of Singapore (NUS).The decline was attributed to falling prices in the...
Continue Reading • 30 Nov 2010
Asia Square to feature Westin hotel
Asia Square will feature a 300,000 sq ft, five-star business hotel, which will cover 15 floors within one of its towers.The upcoming commercial development will offer approximately 2 million sq ft of Grade A office space and 70,000 sq ft of retail space.The 306-room hotel, to be launched in 2013,...
Continue Reading • 30 Nov 2010
New rule may affect luxury condo prices
Property developers usually launch projects when sentiments are good and decent prices can be charged. However, they may lose the flexibility to time their construction and launches under a new rule, which is expected to take effect early next year.If developers break the project completion...
Continue Reading • 30 Nov 2010
Punggol site up for tender
HDB has launched the tender for a residential-cum-commercial site in Punggol Town Centre, as part of a plan to create a vibrant town in Punggol.The land parcel was made available for sale on the confirmed list under the government’s 2H2010 GLS programme. It can potentially yield up to 685...
Continue Reading • 30 Nov 2010
Jelebu Road site up for application
A land parcel at the junction of Jelebu Road and Petir Road is now open for application. The URA released detailed sales conditions for the site last Friday.The plot was made available for sale on the reserve list under the government’s 2H2010 GLS programme. The land parcel has a total site...
Continue Reading • 29 Nov 2010
Singapore property measures working
The three-month-old property measures implemented by the government to cool public and private housing prices have been working, said National Development Minister Mah Bow Tan.The effect of property cooling measures is well seen in HDB’s resale market, where median cash over valuation (COV)...
Continue Reading • 29 Nov 2010
New launches see good take-up rates
Property developers have continued to see good take-up at their residential projects over the past week.CapitaLand sold 48 units at d'Leedon, located at the former Farrer Court site, at an average price of $1,680 psf. The developer previewed the project to only former Farrer Court owners, with...
Continue Reading • 29 Nov 2010
Punggol site to be released for sale
Plans to create a vibrant Punggol town will be boosted next week, when a commercial-cum-residential project at the town centre is released for sale through a public tender.The site, which comprises a 685-unit condominium development and a 50,000 sq m commercial space for shopping and leisure, is...
Continue Reading • 29 Nov 2010
Asian property markets can expect further regulations
Property markets across Asia can expect further regulations in the coming months, as authorities attempt to curb rising housing prices without causing a crash.Last week, the Hong Kong government announced its fifth batch of measures for this year, as the city-state struggles to curb speculation...
Continue Reading • 26 Nov 2010
Government maintains stand to control asset inflation: JLL
The 1H2011 GLS Programme shows that the government has maintained its stance by placing 30 sites for residential development or about 14,300 housing units, said Jones Lang LaSalle (JLL).A total of 17 sites or 8,100 housing units were put up under the Confirmed List for 1H2011, which indicates...
Continue Reading • 26 Nov 2010
Property prices could rise again
Excess liquidity and low borrowing costs across the world may push Singapore’s property prices higher again, holding back the government’s efforts to cool the red-hot property market, said the central bank.According to a report released by the Monetary Authority of Singapore, possible...
Continue Reading • 26 Nov 2010
HDB awards Tampines Avenue 8 site
HDB has awarded a land parcel at Tampines Avenue 8 to Hoi Hup Realty Ltd, Sunway Developments Ltd and SC Wong Holdings Ltd after they offered a joint bid of $187.59 million in a public tender that closed on November 25.The Tampines Avenue 8 site has a total area of 20,600 sq m and a maximum gross...
Continue Reading • 26 Nov 2010
More land sites in 2011
The Ministry of National Development (MND) has announced that it will place 17 sites on the Confirmed List of the 1H2011 GLS Programme.The sites, which comprise 16 residential sites including 3 EC sites, and 1 commercial and residential site, can potentially yield a total of 8,100 residential...
Continue Reading • 26 Nov 2010
CDL tops out W Singapore Sentosa Cove
City Developments Limited (CDL) has marked a milestone in the construction of its iconic Quayside Isle with the topping out of Singapore’s only marina hotel, the W Singapore Sentosa Cove.The W Singapore Sentosa Cove is the cornerstone of a new upscale lifestyle precinct that is quickly...
Continue Reading • 25 Nov 2010
Roxy-Pacific unveils plans for Kovan Centre site
Property developer Roxy-Pacific Holdings plans to redevelop Kovan Centre in Yio Chu Kang into a residential-cum-commercial building.The company said it will redevelop Kovan Centre into Space @ Kovan, which will house 56 commercial units and 140 residential apartments. In September 2009, it...
Continue Reading • 25 Nov 2010
Ascott Raffles Place could be up for sale
Ascott Raffles Place is said to be on the market under an expression of interest exercise, with the price tag expected to be around $250 million, according to The Business Times.If a buyer emerges, The Ascott Limited, which owns the 999-year leasehold building, is expected to offer the asset to...
Continue Reading • 25 Nov 2010
Small units enjoy strong demand
The number of transactions for residential units below 500 sq ft rose to 625 in the third quarter from 349 in the previous quarter, according to the latest report from DTZ Research.Of the 625 units, 87 percent were acquired from property developers, which reflects the current trend among...
Continue Reading • 24 Nov 2010
Chinese buyers looking to Singapore properties
The presence of Chinese home buyers in Singapore could grow further, as authorities in Hong Kong and the mainland look to curb property speculation.According to property consultancy DTZ, the Chinese accounted for 20 percent of private home transactions involving permanent residents (PRs) and...
Continue Reading • 24 Nov 2010