Shophouse building along Tanjong Katong Road up for sale
A two-storey prime freehold corner shophouse building (pictured) along Tanjong Katong Road has been put up for sale by tender, exclusive marketing agent CBRE announced today.Located at 362/A Tanjong Katong Road, the conservation shophouse zoned residential with commercial on level one sits on...
Continue Reading • 23 Jun 2014
Downtown MRT Line boosts home prices
“Many studies have shown the positive impact on prices for houses within proximity to new public transportation, most notably metro systems, tram, suburban railway and bus stations,” according to the latest Knight Frank report on the impact of transport corridors and urban mass...
Continue Reading • 20 Jun 2014
Homes with solar panels on the rise
The number of residential solar panel installations in Singapore has increased from 35 in 2011 to 129 in 2013, said media reports.But those who are reluctant to install solar panels due to the high installation cost still have other options.SolarPVExchange, for instance, has offered to match a...
Continue Reading • 20 Jun 2014
Surge in supply downsizes outlook
Maybank Kim Eng has adjusted its full-year new home sales projection (excluding ECs) by -30 percent to 9,000 to 10,000 units (from 13,000 to 14,000 units), in a recent report,On the back of expectations for slightly extended dovish monetary policies, Average Selling Price projections are also...
Continue Reading • 19 Jun 2014
Prime rents declining: JLL
The average rental of prime residential units in Q2 2014 declined at a similar pace as the previous quarter, easing by 2.4 percent quarter-on-quarter to $4.09 psf per month, according to JLL’s statistics for the second quarter of 2014. The luxury sector saw rents falling at a faster pace of...
Continue Reading • 19 Jun 2014
Fine on former estate agent reduced
A fine imposed on a former property agent has been reduced from $18,000 to $8,000 on appeal, after Judicial Commissioner See Kee Oon agreed with the defence’s claim that it was disproportionately high, said media reports.He also noted that the starting point for the quantum imposed by the...
Continue Reading • 19 Jun 2014
High-end projects to launch soon
While suburban condos have been fuelling sales in recent weeks, upmarket condos are expected to take the limelight with the upcoming launch of a handful of such projects, said media reports.Among them are Wing Tai’s The Crest (pictured) located near Jervois Road and Keppel Land’s The...
Continue Reading • 18 Jun 2014
Slight slump predicted following strong sales
Following May’s strong private sales volume of 1,470 units, analysts are foreseeing a slower month for June, as it is a usually a lull period given the school holidays. Alice Tan, Head of Research at Knight Frank Singapore said, “We expect fewer new launches this June, due in part to...
Continue Reading • 18 Jun 2014
More private residential sites in Central Region
After establishing more employment hubs near the suburbs in the past few years, the government is auctioning off more housing sites in the Central Region in a bid to reduce workers’ commuting time.Under the H2 2014 Government Land Sales (GLS) Programme’s Confirmed List, 33.2 percent...
Continue Reading • 18 Jun 2014
Ambassador to open Thailand show
Thailand’s Ambassador to Singapore, His Excellency Marut Jitpatima (pictured), will present the opening address at a forthcoming Thailand property exhibition in Singapore.The event, the Thailand Property Show, is being organised by PropertyGuru and DDproperty.com and will take place on...
Continue Reading • 18 Jun 2014
New home sales shoot up in May
UPDATE: New private home sales in Singapore almost doubled month-on-month in May to record 1,470 units, according to latest data by the Urban Redevelopment Authority (URA).Including executive condominiums (ECs), the number of units sold increased to 1,528 units last month from just 797 in April....
Continue Reading • 16 Jun 2014
Barclays upholds negative view on private homes
Singapore’s residential sector is expected to witness an oversupply of private housing properties, with prices falling 20 percent by the end of 2015, on the back of an expected increase in interest rate along with peak supply, according to Barclays Research in media reports.The government...
Continue Reading • 16 Jun 2014
Second Hougang HUDC privatised
The Hougang Avenue 7 HUDC estate will be privatised as of today.In a statement, HDB said homeowners in the estate now own their respective units, as well as the common property.Each household will have to pay about $30,000 when the privatisation process is completed, to cover the cost of the...
Continue Reading • 16 Jun 2014
Two luxury projects compete for buyers
Situated right across each other, two luxury condominiums compete for luxury buyers amidst a tougher environment as the residential market slows, said media reports.Located along Leedon Heights in District 10, the two projects – Leedon Residences and d’Leedon – are only a...
Continue Reading • 13 Jun 2014
What's in store for H2 2014?
What are the predicted buyer and seller behaviours for the rest of the year?What strategy should real estate agents adopt to succeed during the next six months? Agents can get answers to these questions and more at the PropertyGuru Agent Summit tomorrow, which will provide insights from experts...
Continue Reading • 12 Jun 2014
CDL beats Keppel Land's record for vertical garden
City Developments Ltd (CDL)’s Tree House condominium in Upper Bukit Timah is the world’s biggest vertical garden, according to the Guinness World Records.Completed last year, the 2,289 sq m vertical garden beats the 2013 record-holder, Keppel Land's Vertical Garden @ Ocean Financial...
Continue Reading • 12 Jun 2014
Court annuls loan to remove caveat on $2 million home
An unnamed woman can now take possession of a River Valley condominium, after the High Court invalidated a $5,000 loan with a 791.61 percent interest rate, along with its caveat.According to media reports, the $2 million condo unit was awarded to the 41-year-old senior executive in a 2012 divorce...
Continue Reading • 12 Jun 2014
Should condos be left empty?
The growing number of vacant condominiums in Singapore saw potential tenants viewing double the number of properties compared to two years ago.This is because “there are lots of choices from newly completed projects. And as long-term expats move to newer condos, older properties are also...
Continue Reading • 11 Jun 2014
Punggol condo close to selling out
There are only two units left for sale out of 882 apartments at A Treasure Trove condominium in Punggol, said its developer Sim Lian Group. Both are single level penthouses of seven bedrooms. Responding to queries from PropertyGuru, the group added that construction work is progressing ahead of...
Continue Reading • 9 Jun 2014
City fringe homes drive rental growth
Leasing demand in the private residential market remains healthy, according to a new Savills report today.Rental volumes islandwide increased by 4 percent year-on-year, as the Urban Redevelopment Authority (URA) showed there were 13,077 leases of private residential homes, excluding executive...
Continue Reading • 9 Jun 2014