Works on new State Courts to start in June
Construction works on the new State Courts complex is expected to begin in June, following yesterday’s ground breaking ceremony officiated by Chief Justice Sundaresh Menon.Slated for completion in 2019, the new complex will be in front of the existing octagonal-shaped State Courts...
Continue Reading • 29 May 2014
Amber Skye units priced from $1.1mil
CS Amber Development is marketing the 22-storey Amber Skye residential project, set for completion in June 2020, according to media reports.The freehold luxury residential project is nestled on 3,782 sq m of land along Amber Road in District 15. The 109-unit project is located 1.4 km from Dakota...
Continue Reading • 28 May 2014
Former crocodile farm launching as residential development
A new private property project located on the site of the former Singapore Crocodile Farm at Upper Serangoon Road is launching soon, revealed email marketing brochures from property agents. Known as One Surin (pictured), the freehold cluster housing development is being jointly developed by ACT...
Continue Reading • 28 May 2014
More foreign developers setting up Singapore offices
A growing trend is seeing established foreign developers opening sales offices in Singapore as high property prices and prohibitive cooling measures in the city-state are continuing to drive local investors to look overseas for better investment opportunities.In the space of only a few days,...
Continue Reading • 28 May 2014
Multigenerational condo to launch in Kovan
To meet the demand for multigenerational living, Roxy-Pacific Holdings will launch Trilive soon this year. 70 to 80 percent of the units at the luxury freehold condominium are dual-key with elderly friendly facilities, such as non-slip provisions, bigger switches, and wider spaces. There are also...
Continue Reading • 27 May 2014
Crowdfunders get first payout
Investors using Singapore-based real estate crowdfunding website CoAssets.com are expected to receive their first payout next month.South East Asia’s first real estate crowdfunding site announced yesterday that U.K. property investment opportunity Bastien Jack will be making its first...
Continue Reading • 27 May 2014
Sentosa Cove villas relaunced at 5% discount
Ximeng Land has relaunched 12 luxury villas on Pearl Island in Sentosa Cove at a discount of five percent or $2,185 psf on land area. This works out to an absolute price of around $14.3 million to $25.5 million per villa, said media reports.Last year, asking prices at the development stood at...
Continue Reading • 27 May 2014
Property players vanishing from market
With hardly any new projects or land bids in recent years, some developers have disappeared from the scene due to financial woes and tougher competition, media reports revealed.These boutique developers, such as Raffles Medical Group's Esquire Land and Indonesia-oriented Sinarmas Land, were...
Continue Reading • 26 May 2014
Successful relaunch of The Panorama
The relaunch of The Panorama in Ang Mo Kio witnessed robust interest from buyers, after the developer cut prices by 12 percent, said media reports.Out of the 95 units released for balloting, Wheelock Properties sold 80 to 85 units as of 7:30pm last Friday, said Tan Tee Khoon, Executive Director...
Continue Reading • 26 May 2014
Shophouse built in 1800s for sale
A rare two-storey conservation shophouse at 24 Purvis Street, right in the heart of the central business district, has been put up for sale as vacant possession. According to the title deed, the original property dates back to 1827 during Singapore’s early years, but extensive renovation...
Continue Reading • 23 May 2014
Why prices will not crash: CIMB
Singapore property prices are likely to decline - but not crash - by between 10 percent to 15 percent according to CIMB's latest Cost of Living survey, published today.Answering the question "Will my home price crash?" the report noted that government policy and buyers’...
Continue Reading • 22 May 2014
50 projects record poor sales
Despite the encouraging sales at some new launches, more developers are expected to slash their prices due to poor take-up or zero sales for existing projects, according to HSR International Realtors as reported in the media.The property firm looked at a list of 50 residential projects that sold...
Continue Reading • 22 May 2014
Bigger lawn at East Coast Park
East Coast Park will have more open space and new amenities when Parkland Green and Marine Cove are completed in September 2014 and mid-2016 respectively. National Parks Board (NParks) said in a statement the Gross Floor Area for Parkland Green is reduced by 25 percent and the lawn that was...
Continue Reading • 22 May 2014
Singapore-KL HSR offers real estate opportunities
The proposed high-speed rail (HSR) between Singapore and Kuala Lumpur offers valuable opportunities for property developers as property values near the rail line are expected to increase, according to JLL.Set to be completed by 2020, the $15.6 billion project will reduce travel times from...
Continue Reading • 22 May 2014
Hougang Avenue 2 HUDC Estate Privatised
The Hougang Avenue 2 HUDC estate, comprising 336 units of flats, will be converted into a strata-titled property under the Land Titles (Strata) Act as of today.In a statement, HDB said homeowners in the estate now own their respective units, as well as the common property. HUDC flats were...
Continue Reading • 22 May 2014
Balestier portfolio on the market
A portfolio of properties in Balestier is being marketed for sale through Expressions of Interest, with offers expected of more than $32 million.Knight Frank Singapore is handling the sale of the properties, which feature two rows of adjoining shop houses and a redevelopment land parcel. The...
Continue Reading • 22 May 2014
Dual-key units: The opportunities
As Singapore’s residential landscape evolves along with changing demographics and preferences in liveable spaces, innovative layout designs have been created, such as ‘dual-key units’. Knight Frank Singapore’s research department have produced an in-depth research report...
Continue Reading • 21 May 2014
Aquatic centre at Singapore Sports Hub completed
Despite teething problems, the $1.3 billion Singapore Sports Hub is on track for an opening next month, according to Singapore officials quoted in the media. The 35-hectare complex includes a 55,000-seat national stadium which features an innovative cooling system and a retractable domed roof. To...
Continue Reading • 20 May 2014
S'pore third as City of Opportunity
Singapore has been ranked third – up four positions from last year – in PwC’s sixth edition of its Cities of Opportunity report.For the first time, London posted the highest score in the 30 cities studied by PwC. The U.K. capital is the only city to finish first in three of the...
Continue Reading • 20 May 2014
Retirement housing in the spotlight
Leading real estate experts from around the region will examine the pressures and opportunities of the Asia’s senior housing market at the Retirement Living and Senior Care Southeast Asia 2014 event in Kuala Lumpur, Malaysia, which is set to take place from June 17 until June 19.Southeast...
Continue Reading • 20 May 2014