344 units sold at Esparina Residences project
About 344 units at the 573-unit Esparina Residences EC project have been sold as of October 10.Frasers Centrepoint, which developed the project, received a total of 1,155 applications since it was launched on September 30. However, only 344 units were sold due to its balloting process, with some...
Continue Reading • 13 Oct 2010
76 units sold at The Lanai
Property developer Far East Organization has announced that it sold 76 units, including a bulk deal, at a preview of The Lanai project which began on October 9.Located in the Hillview area, the 10-storey development comprises 214 units in six towers. The project includes a mix of two-, three-,...
Continue Reading • 12 Oct 2010
URA awards Petir Road site
The URA has awarded the 99-year residential site at Petir Road to Wincheer Investment Pte. Ltd. after it offered the highest bid of $177.4 million in a public tender that closed on October 7.The land parcel has a total site area of 22,744.1 sq m and a maximum permissible gross floor area of...
Continue Reading • 12 Oct 2010
Penthouse at The Boulevard Residence sold for $30m
SC Global recently sold a penthouse at The Boulevard Residence for $30 million or $4,242 psf, the highest achieved in the development in both unit price and absolute quantum terms.The deal involves a 7,072 sq ft triplex unit with an 11-metre lap pool and five bedrooms. Sources said the buyer is a...
Continue Reading • 12 Oct 2010
Glenville collective sale fetches $39.5m
A joint venture between Nobel Design Holdings, ACT Holdings, Aspen Development and Soh Chooi Lai has acquired the Glenville residential property through a collective sale for about $39.51 million.The four-storey residential building located at Lim Tua Tow Road, off Upper Serangoon Road sits on a...
Continue Reading • 11 Oct 2010
Western investors may turn to emerging markets
Western investors will likely focus on emerging markets in Southeast Asia, Asia Pacific and the Middle East, as developed economies fall behind on financial recovery, said Ethan Penner, executive managing director of CB Richard Ellis (CBRE) Investors and head of CBRE Capital Partners.“Many...
Continue Reading • 8 Oct 2010
The Canopy set for weekend launch
Property developer MCC Land is launching its first residential project, The Canopy EC, this weekend.The 99-year leasehold project comprises two-, three- and four-bedroom apartments with sizes ranging from 872 sq ft to 1,410 sq ft. The 406-unit project also features penthouses sized from 2,088 sq...
Continue Reading • 8 Oct 2010
Resale flat transactions set to decline
The recent property cooling measures have begun to affect the public housing sector, with the HDB expecting a 25 percent decline in the number of resale flat transactions in September compared with the previous month.Real estate agents are also expecting a decline in cash premiums for resale...
Continue Reading • 7 Oct 2010
Serviced flat rentals soar as demand rises
Serviced apartment rentals in Hong Kong have seen strong increases this year due to the influx of expatriates relocating to the region as a result of the growth of financial institutions.Edwin Leong Siu-hung, managing director of Tai Hung Fai Enterprise, which owns two serviced apartment projects...
Continue Reading • 6 Oct 2010
Real estate agents rush for certification
Real estate agents are rushing to take and pass a recognised industry examination by October 22.Under the new Estate Agents Bill, real state companies and their sales staff will need to meet new standards in order to continue their profession.Existing sales agents are now required to pass one of...
Continue Reading • 6 Oct 2010
Singapore Land joins two firms to acquire Shanghai site
Singapore Land Ltd, a Singapore-based investment holding company that focuses on property investment, trading and hotel operations, has announced that it cooperated with Kheng Leong Co and UOL Group Ltd to jointly acquire a land parcel in Shanghai for approximately RMB2.06 billion.The 39,540-sq-m...
Continue Reading • 6 Oct 2010
Asian investors acquire Beverly Hills site
Investors from Singapore and Hong Kong have announced their acquisition of a development site located in Beverly Hills for $148.3 million in a private auction from Banco Inbursa.Hong Kong-based private equity company Joint Treasure International Ltd, which focuses on global property and...
Continue Reading • 6 Oct 2010
Strong demand expected at The Canopy
MCC Land’s The Canopy project in Yishun Avenue 11 is expected to see a strong demand at its preview this coming weekend.Property developer MCC Land, a unit of MCC Group, will launch all the units at the project with a price tag of around $650 psf to $700 psf.The 406-unit, 99-year leasehold...
Continue Reading • 5 Oct 2010
Closure of Copthorne Orchid Hotel delayed
The Copthorne Orchid Hotel, which was due for closure by the end of the year to make way for a condominium development, will keep its doors open a little longer as it continues to take bookings until March 31, 2011.Tenants will also keep their operations until that date, though some sources...
Continue Reading • 5 Oct 2010
More shophouses at Jalan Besar under conservation
An additional 51 vernacular buildings and two structures in Jalan Besar, known for its old-world charm shophouses, will be under conservation.“This wraps up our conservation plan for the area,” said National Development Minister Mah Bow Tan. Among the additional shophouses to be...
Continue Reading • 5 Oct 2010
Demand for housing still high
Despite the introduction of cooling measures announced on 30 August, the flash estimates released by HDB and URA for the third quarter of the year show a sustained demand for private and public housing.The HDB resale price index (RPI) climbed a further 4.0 percent to another new high of 167.8...
Continue Reading • 4 Oct 2010
URA releases Q3 price index
The URA has released the flash estimates of the price index for private residential properties for Q3, with prices rising to 190.0 points from 184.2 in Q2, representing a 3.1 percent increase compared with 5.3 percent in the last quarter.The URA index indicated that prices of non-landed private...
Continue Reading • 4 Oct 2010
Pasir Ris site attracts top bid of $151.38m
A land parcel located at the junction of Pasir Ris Drive 3 / Drive 4 has received a total of four bids in a public tender that closed yesterday. The highest bid of $151.38 million was offered in a joint bid between FCL Topaz Ltd and F.E. Lakeside Ltd.“The top bid of $151.38 million reflects...
Continue Reading • 1 Oct 2010
Esparina Residences project launched
Esparina Residences, a 573-unit executive condominium (EC) project in Compassvale Bow was launched yesterday, attracting over 300 visitors who took 230 ballot numbers.Unit sizes at the EC project range from 829 sq ft to 2,583 sq ft with prices ranging between $590,000 and $1.18 million for two-,...
Continue Reading • 1 Oct 2010
Units at Vacanza @ East selling fast
Sunway and Hoi Hup Realty sold 90 units at the Vacanza @ East condominium project by end Tuesday. The project was previewed to potential homebuyers who had expressed interest with marketing agents Huttons and DTZ.Buyers were mainly Singaporeans, with two- and three-bedroom units being the most...
Continue Reading • 30 Sep 2010