EC market to rebound soon
The executive condominium market is expected to see more activity with the launch of new EC projects over the next three to six months.Four new projects in Punggol Field, Buangkok, Compassvale Bow and Yishun that can yield about 1,400 units are set to launch in the next three to six months, while...
Continue Reading • 13 Aug 2010
Jurong EC site fails to attract bids
The public tender for an executive condominium (EC) site located at Jurong West has failed to attract any bidders, contrary to experts’ prediction that it would have at least two to three bidders.Bids for the 99-year leasehold EC site were tipped at around $230 psf ppr to $300 psf ppr,...
Continue Reading • 13 Aug 2010
Major Asian property markets may see slower H2
Major Asian property markets may face a slower second half due to an anticipated growth in office and housing supply and policy risks, after some property developers enjoyed a positive first six months.Among the developers that enjoyed strong housing prices in major markets earlier this year...
Continue Reading • 12 Aug 2010
Lull in property sales this month
The Singapore property market is likely to experience a lull in sales during this year’s Hungry Ghost Festival, with the lack of major new launches.During the festival, which runs from August 10 to September 7, superstitious people avoid major commitments such as purchasing a property.This...
Continue Reading • 12 Aug 2010
Phase 1 of The Greenwich snapped up
All 174 units in phase 1 of The Greenwich project has been sold in a private preview that began on August 2, making up 55 percent of the 319-unit development, or seven out of 12 towers.The units released comprise one- to three-bedroom apartments, with prices ranging from $657,000 to $850,000 for...
Continue Reading • 11 Aug 2010
Paya Lebar site up for en bloc sale
Charlesville, a freehold residential development at Paya Lebar, has been released for collective sale through a public tender.The sale of the five-storey, 18-unit development at Upper Paya Lebar Road is being handled by Huttons. At least 16 of its 18 owners have already agreed to the sale, with...
Continue Reading • 11 Aug 2010
Naung Court up for collective sale
Jones Lang LaSalle has launched the 4-storey, 20-unit Naung Court site for collective sale by tender.Located at Jalan Naung, the 32,689-sq-ft freehold site is zoned for residential use. It has a gross plot ratio of 1.4 and a maximum gross floor area of 45,764 sq ft. This can accommodate a...
Continue Reading • 11 Aug 2010
Foreigners purchase more landed homes in Q2
The number of landed homes in Singapore purchased by foreigners and permanent residents, increased to 81 in Q2 from 69 in Q1, the strongest quarterly showing since the second quarter of 2007, based on the analysis of URA Realis caveats information up to July 30, which was conducted by...
Continue Reading • 10 Aug 2010
Singapore is most expensive Asian nation to build in
Singapore is the priciest Asian nation to build in excluding Japan and one of the 10 most expensive in the world, said a new report released by consultancy firm EC Harris.The company’s international construction cost report, which covers 50 nations, ranked Singapore as the 10th most...
Continue Reading • 4 Aug 2010
FEO's The Greenwich receives overwhelming response
Homebuyers, mostly Singaporeans, have snapped up 80 of the 96 units released for sale at The Greenwich project on the first day of its private preview.All of the three-bedroom units released were snapped up, while more than 80 percent of the one- to two- bedroom units were sold.“The...
Continue Reading • 4 Aug 2010
Balmoral Condo up for sale
Balmoral Condominium, which is located in District 10, has been put up for sale through a public tender with an indicative price of $171 million to $175 million. This translates to around $1,866 to $1,910 psf per plot.More than 80 percent of the owners have already agreed to the en bloc sale,...
Continue Reading • 3 Aug 2010
MND to privatise 3 HUDC estates
Three HUDC estates have been identified by the Ministry of National Development for privatisation.A total of 797 flats have been identified, which are located at Hougang North Neighbourhood 3, Hougang North Neighbourhood 7, and Potong Pasir.To privatise the HUDC estates, residents must obtain at...
Continue Reading • 2 Aug 2010
SMART Expos to celebrate 20th event in Singapore
SMART Investment & International Property Expos, a series of overseas property exhibitions that cater to Asia’s increasing appetite for international real estate, is set to celebrate its 20th event from October 9 to 10 at the Suntec Exhibition and Convention Centre in...
Continue Reading • 30 Jul 2010
Properties in suburban areas worth a look
Property investors who have a longer term perspective towards property acquisitions but have a lower budget may consider properties located in suburban areas rather than in prime locations. Prices in new coming suburban areas remain within reach and units there also have upside potential,...
Continue Reading • 30 Jul 2010
Oxley JV to unveil Loft @ Nathan
Loft @ Nathan condominium project, the latest freehold project developed by Oxley JV, is expected to launch next week. Located at 31 Nathan Road, the development is close to the junction of Nathan Road and River Valley Road. The seven-storey property features 121 residential units, which...
Continue Reading • 30 Jul 2010
Overwhelming response for the Scala
Hong Leong Group said that more than 75 percent of its newest residential project, The Scala , has been sold at an average price of $1,150 psf. Located in Serangoon Avenue 3, the 99-year leasehold, 468-unit development was made available for sale on Wednesday. Its developers said the project...
Continue Reading • 29 Jul 2010
A new measure of real estate's market sentiment
The National University of Singapore's Department of Real Estate (DRE) has teamed up with the Real Estate Developers' Association of Singapore (Redas) to create a Real Estate Sentiment Index (RESI), which shows a lower reading in Q2 this year than in the previous quarter. Industry players...
Continue Reading • 29 Jul 2010
NUS confirms slowdown in June's private home prices
The National University of Singapore’s (NUS) latest flash estimates have confirmed a rapid slowdown in the growth of prices of non-landed private homes in June compared with May. The overall price index of NUS for non-landed homes in June climbed 0.3 percent month-on-month, compared...
Continue Reading • 29 Jul 2010
Ho Bee tops bid for Buona Vista site
Ho Bee Investment has put a top bid of $410.99 million for a 99-year leasehold commercial site at North Buona Vista Drive, and said it is planning to invest nearly $1 billion for the development of the site.The tender for the site has attracted two bids, one from Ho Bee and the other one from...
Continue Reading • 28 Jul 2010
Pastoral View owners, OCBC sell properties together
Pastoral View owners have teamed up with OCBC to sell their two properties together. OCBC’s site, located at 11 Bassein Road is next door to the 50-unit Pastoral View, located at 7 Bassein Road in the Novena area. Both properties are freehold.“The sellers are expecting offers in the...
Continue Reading • 27 Jul 2010