Singapore showcase for prestigious Yangon development
One of Myanmar’s most prestigious residential projects is set to be showcased in Singapore this weekend.68 Residences in Yangon is being developed by well-known jewellery company Shwe Nan Taw through its property development arm United GP Development. It is being marketed exclusively in...
Continue Reading • 20 May 2014
ULI Asia Pacific Summit back for third run
The third annual Urban Land Institute (ULI) Asia Pacific Summit, titled “What’s Next? - The Dynamics of the Future”, will discuss the impact of technology, innovation and the global economy on cities and real estate.Happening from 20 to 22 May at the Grand Hyatt in Hong Kong,...
Continue Reading • 19 May 2014
Strong take up expected for Pasir Ris condo
Following a successful showflat preview, Coco Palms will be launched soon on 17 May. A joint venture by City Developments Limited (CDL), Hong Leong Holdings and Hong Realty, Coco Palms’ preview started on 3 May and more than 3,000 have visited the show flat in the first weekend...
Continue Reading • 19 May 2014
Half of Coco Palms' units sold
Coco Palms, the new 944-unit development by City Developments (CDL), Hong Leong Holdings and Hong Realty (Private) Limited, saw brisk sales when it was launched last weekend. 490 out of the 600 units released were sold as of 3 pm on 18 May. The apartments were priced at an average of $980 per...
Continue Reading • 19 May 2014
TDSR: Buyers are less affected
Going by the latest private home sales figures -- which rose 55 percent to 745 units in April -- home buying is likely to improve as buyers get used to the more stringent home loan rules, said media reports.According to Thomas Tan, Director of Remax, “People are getting used to the TDSR,...
Continue Reading • 19 May 2014
Slow resale activity in Tiong Bahru
With buyers looking forward to Keppel Land’s upcoming 500-unit condominium along Kim Tian Road in Tiong Bahru, there was not a single resale transaction recorded at the nearby existing condominiums since the start of the year.According to media reports, the 99-year leasehold Highline...
Continue Reading • 19 May 2014
London sales in SG are 'static'
EXCLUSIVE: Sales of London property at exhibitions in Singapore and Hong Kong have remained largely static year-on-year, according to internal research conducted by CBRE Singapore.Speaking exclusively to PropertyGuru, Dairen Bradshaw, CBRE’s Executive Director for International Project...
Continue Reading • 19 May 2014
No signs of an overseas overload
More than 20 individual overseas property exhibitions are taking place in Singapore this weekend, the highest number this year, highlighting how local investors are still looking overseas to avoid the uncertain direction of the local property market.The United Kingdom and Australia are...
Continue Reading • 18 May 2014
Sunday digest of news that matters
News from Singapore’s property and real estate sectors never stops, so PropertyGuru wants to make it easy for you to digest the important information you need to know. Here we summarise the most important stories from the last seven days, with links to read more if you need to understand...
Continue Reading • 18 May 2014
5 ways to name a condominium
What's in a name, you ask? Something as simple as a name can give a strong sense of belonging and identity for people, and it is no different for buildings. Ever wondered what goes into naming a private residential development? PropertyGuru spoke to some property developers to find out how...
Continue Reading • 16 May 2014
Strong sales from suburban condos in April
The Outside Central Region (OCR) contributed 65.4 per cent of the total sales volume last month, according to Knight Frank.Out of the top ten private residential projects by sales volume in April, seven projects are in the OCR while the remaining three developments came from the Rest of Central...
Continue Reading • 16 May 2014
Singapore's tallest building underway
The construction of Tanjong Pagar Centre, slated to be Singapore’s tallest building at 290 metres, is on track to complete in 2016.On 5 May 2014, GuocoLand completed the raft foundation which will support the entire 64-storey mixed-use development. This is the country’s largest raft...
Continue Reading • 16 May 2014
More developers may cut prices to push units
Buoyed by discounts offered by developers, private homes sales rebounded 55 percent to 745 units in April, following a slowdown in March when only 480 units were sold, according to Urban Redevelopment Authority (URA) figures.Media reports said that property developers in Singapore have seen...
Continue Reading • 16 May 2014
Could Asia be losing its shine
For the first time since the turn of the century, economic fortunes in the West and East have reversed, and Asian property investments are finally losing some of its glitter and shine.This view comes from Pacific Star Group’s recent 2014 Asian Property Outlook and Strategy (APOS) report,...
Continue Reading • 16 May 2014
Realistic pricing is key: JLL
Property developers remained cautious in launching new private units for sale during April, and although sales were 55 per cent higher than in March they were still well below the 1H 2013 monthly average prior to the imposition of the Total Debt Service Ratio (TDSR), according to real estate...
Continue Reading • 15 May 2014
Sales will rebound: PropNex
Following April’s 55 percent rebound in private new home sales, the boss of Singapore real estate agency PropNex has predicted improving conditions ahead.Mohd. Ismail, Chief Executive Officer (pictured), said: “We expect new sales volume to improve in the coming months—on the...
Continue Reading • 15 May 2014
Six of the best for Savills
It was a big night for Singapore real estate agency Savills at the Asia-Pacific Property Awards in Kuala Lumpur last week, as the firm scooped six of the top real estate awards for the city-state.Savills won the prestigious Best Real Estate Agency Singapore title, and also took home the Best...
Continue Reading • 15 May 2014
Steep rise in April private sales
Sales of new private homes in Singapore rose by more than 55 percent month-on-month during April to reach 745 units, according to data released today by the Urban Redevelopment Authority (URA) today. Including Executive Condominiums (ECs) the number sold during last month was 793 units. A...
Continue Reading • 15 May 2014
Softer fall in landed home prices
Due to tight supply of landed homes, this segment could see a smaller price drop compared to overall private housing market, according to media reports quoting property experts. Landed home prices could dip two to six percent this year, while the private property market is expected to fall by...
Continue Reading • 14 May 2014
Waterfront@Faber to ignite West Coast estate
The Waterfront@Faber condominium project could kickstart the sleepy property market at West Coast’s Faber Heights estate, a community mostly dominated by pricey landed homes, according to media reports quoting experts.Consisting of 199 units and 11 strata homes, the 99-year leasehold...
Continue Reading • 12 May 2014