Allgreen Properties sells 54 units at Holland Residences
Allgreen Properties has sold 54 units at its Holland Residences condo at Taman Warna, which was released this week. The average price for the 68 units released was $1,625 per square foot (psf), but this was weighed down by private enclosed spaces at the ground-floor of the five-storey freehold...
Continue Reading • 29 Jan 2010
Phase 2 opening of Circle Line set to increase property prices
The launch of Phase 2 of the Circle Line in April is something that nearby residents will look forward to. Those who are considering renting or selling their homes are set to benefit from this as well.According to real estate agents, the opening of the 11 new stations along the Circle Line could...
Continue Reading • 29 Jan 2010
Pick-up in sales of private homes indicates a mild property fever
To date, over 900 private homes have been sold by developers this month, based on a survey conducted on property agents and developers. With another week to go, it is expected to cross 1,000 units by the end of the month.Besides Holland Residences by Allgreen Properties, Wing Tai is believed to...
Continue Reading • 26 Jan 2010
Horizon Towers saga begins a new chapter with fresh lawsuit
A new lawsuit has just been filed against Horizon Towers’ failed collective sale. A group of minority owners at Horizon Towers have filed a lawsuit against some members of the original sales committee for their handling of the collective sale. These minority owners had originally opposed...
Continue Reading • 26 Jan 2010
Private home purchases by HDB upgraders declines
The strong recovery of private home prices in 2009 reduced the purchases by HDB upgraders to 33.8 percent in the fourth quarter last year compared to 56.2 percent in the first quarter, according to the latest caveats analysis of Jones Lang LaSalle. HDB upgraders made up 44.4 percent of...
Continue Reading • 25 Jan 2010
Nearly 120 units sold at Cube 8 preview
City Developments Ltd (CDL) has sold nearly 120 units at Cube 8 as of Friday evening, during the two-day preview of the condo at Thomson Road.CDL initially released 80 units at an average price of $1,250 per square foot (psf), but due to strong demand, it offered an additional 40 units. Prices of...
Continue Reading • 25 Jan 2010
Core Central boom expected on back of private property stability
The private residential property market continued its recovery in 4Q09 with a 7.4% increase in its price index to 165.7, just 11.8 points shy of the previous peak in 2Q08 of 177.5.“We are seeing signs of stability and the potential for sustained growth,” says PropNex CEO Mr Mohamed...
Continue Reading • 22 Jan 2010
Mass market private homes becoming a new trend
Mass market private homes established a positive start to the recovery of the property market last year, which was spurred by stable demand and priced-to-sell projects in the early part of the year.Home buyers, dominated by HDB upgraders, were responsible for the overcrowding in showflats during...
Continue Reading • 22 Jan 2010
Will the private housing rally sustain?
Increased buying spurred sales of developers in July 2009 to an amazing 2,772 units. The figure is more than three times the monthly average sales of 700 to 900 units for the last 10 years.If the monthly average of more than 1,400 units sold did not make policymakers sit up, the robust sales...
Continue Reading • 22 Jan 2010
GCBs may become pricier this year
Good class bungalows (GCBs) have a unique standing in the Singapore residential market. With only 2,400 units around the country, these detached homes are highly exclusive.They are situated in 39 designated areas and usually sit on a plot size of at least 15,070 square feet or 1,400 square...
Continue Reading • 22 Jan 2010
Resales dominated Q4's private home deals
Instead of visiting a developer's showflat, a high level of private home buyers turned to the resale market in Q4 last year. It was probably the result of fewer project launches in the fourth quarter, and the removal of the Interest Absorption Scheme (IAS) in September 2009.The analysis for...
Continue Reading • 21 Jan 2010
Foreign buyers show varying home price preferences
Asians, excluding Indonesians, were among the top foreign buyers of private homes in 2009. They mainly purchased units with prices ranging from $500,000 to $1 million, while most Western buyers (US, Australians and UK citizens) picked up homes mostly in the $1.5 to 5 million price...
Continue Reading • 21 Jan 2010
Urban Suites continues to receive positive response
CapitaLand's Urban Suites' Phase 2 launch has drawn keen interest from buyers who have snapped up units despite a price hike.In Singapore, an additional 16 sales were clinched since the Phase 1 launch of the project closed early in January; while all the 50 units released in Jakarta, Indonesia...
Continue Reading • 21 Jan 2010
Sentosa IR staff gear up for today's opening
The first integrated resort in Singapore opens its doors to the public today.About 8,000 employees of Resorts World Sentosa will be working behind the scenes to keep the integrated resort running.The integrated resort’s whitewashed corridors connect almost the entire grounds of Resorts...
Continue Reading • 20 Jan 2010
Orchard View at Angullia Park to launch in Q1 2010
Wheelock Properties is planning to launch its Orchard View freehold project at Angullia Park in the first quarter of this year.The news comes after CapitaLand boosted its sales from the Urban Suites project, where it sold 126 units – about 96 percent of the 140 units launched and 76 percent...
Continue Reading • 20 Jan 2010
Luxury home prices could reach 2007 high
Prices of luxury homes are predicted to come back to its 2007 high by the end of 2010 or perhaps next year.This positive outlook is based on the assumption that the world economy will continue to improve, said City Developments Executive Chairman Kwek Leng Beng.His prediction regarding the...
Continue Reading • 20 Jan 2010
CDL to preview Cube 8 condo at $1,250 psf
City Developments Ltd (CDL) is expected to start previewing its Cube 8 freehold condo on Thomson Road this week, with the average price approximated at $1,250 per sq ft.Allgreen Properties is poised to begin sales at Holland Residences, a five-storey freehold condo with 83 units located at Taman...
Continue Reading • 19 Jan 2010
Singapore well-placed to draw surplus office demand from Hong Kong
While Hong Kong faces a shortage of prime office space, Singapore has a glut. The head of research and consultancy and deputy managing director at Savills Hong Kong, Mr. Simon Smith, believes that Singapore is well placed to take advantage of the imbalance.Based on Savills research, supply of...
Continue Reading • 18 Jan 2010
Low sales recorded for private homes in December
Sales of private homes fell for the fourth straight month in December, plummeting 20 percent month-on-month to only 481 units, according to Singapore's Urban Redevelopment Authority (URA).The figure is the second lowest number of monthly sales last year, following January’s low, with only...
Continue Reading • 18 Jan 2010
Singapore's investment property market stages a robust comeback
The investment property market in Singapore appears to be shrugging off the global financial turmoil and is staging a robust comeback.According to C B Richard Ellis, Singapore's investment market showed a better-than-expected performance in 2009. It said that the total property investment sales...
Continue Reading • 15 Jan 2010