13 new launches planned in coming months
Only 480 new private housing units were sold in March, compared to 739 units in February and 572 in January, pushing the total sales volume for Q1 2014 to 1,791 units, or the lowest quarterly level since late-2009, revealed a Savills report.The low number of transactions is due to sluggish sales...
Continue Reading • 30 Apr 2014
Sims Drive site attracts top bid of $530.9m
A residential site (pictured) at Sims Drive attracted four bids when the tender closed on Tuesday, said HDB. Launched for sale on 30 December 2013, the 23,900.1 sqm plot has a gross floor area (GFA) of 71,700.3 sqm and plot ratio of 3.0. The top bid of about $530.9 million was submitted by...
Continue Reading • 30 Apr 2014
Condo developers are downsizing units: report
Property developers are building smaller condo units as they compete to keep prices affordable amid tougher market conditions and the government's loan curbs, revealed a Knight Frank study reported in the media. “It appears that there is a reduction in the variety of size ranges since...
Continue Reading • 29 Apr 2014
Lakeside is set to boom
Known for the lush Chinese and Japanese gardens, Lakeside remains one of Singapore’s less developed regions. But all that is set to change with the government’s plans to transform the area into a waterfront precinct for business and recreation, media reports said. Lakeside is also...
Continue Reading • 28 Apr 2014
Resale private home prices down again
Prices of non-landed private resale homes continued to fall across all regions of Singapore in the month of March, according to latest flash estimates of the NUS Singapore Residential Price Index (SRPI). Overall prices decreased by 1.1 percent month-on-month, more than the 0.9 percent decline in...
Continue Reading • 28 Apr 2014
The Wilshire up for collective sale
The Wilshire (pictured), a 20-unit residential development along Farrer Road has been launched for collective sale, revealed marketing agent Savills. Located within an established residential enclave in District 10, the 39,130 sq ft corner plot has a gross floor area (GFA) of 64,310 sq ft and is...
Continue Reading • 28 Apr 2014
House prices in Bishan to slip despite strong demand
Despite a slew of new launches in Bishan that resulted in robust sales in the second half of 2013, property prices in the area are expected to moderate slightly as a cautious outlook spreads throughout the market, said analysts quoted in the media. However, Chia Siew Chuin, Colliers...
Continue Reading • 28 Apr 2014
Private home prices down 1.3%, most in 5 years
Private home prices fell by 1.3 percent in the first three months of 2014, following a 0.9 percent drop in the previous quarter, revealed latest data from the URA.This is the second consecutive quarter of decline and also the biggest drop since Q2 2009. Prices tumbled in all segments of the...
Continue Reading • 25 Apr 2014
Small private homes popular with HDB dwellers
In the first three months of 2014, HDB dwellers bought a total of 892 non-landed private homes, of which 51 percent or 453 units consisted of smaller units of up to 800 sq ft, revealed DTZ's analysis of caveats and reported in the media.This is an increase from the 44 percent share recorded for...
Continue Reading • 25 Apr 2014
Over 11,000 families bought ECs over 3-year period: Khaw
More than 11,000 Singaporean families purchased executive condominiums (ECs) from Q4 2010 to the same period last year, according to National Development Minister Khaw Boon Wan.In a blog post, he said that HDB dwellers accounted for 86 percent of such buyers, while 55 percent bought an EC for the...
Continue Reading • 25 Apr 2014
Number of foreign buyers here tumbles to world average
The government's cooling measures have brought the percentage of foreigners buying up Singapore property on par with most other countries. Speaking to the media yesterday at the inaugural OPPLive Asia conference at Marina Bay Sands, OPP Editorial Director John Howell shared that the curbs...
Continue Reading • 24 Apr 2014
Pearl Bank residents look to conservation
After failing to go en bloc three times, the owners of Pearl Bank Apartments (pictured) plan to get a conservation order to attract a developer to rejuvenate the property, media reports said.The management committee plans to ask the Urban Redevelopment Authority (URA) to increase the 38-year-old...
Continue Reading • 24 Apr 2014
Housing market still struggling, report reveals
Following the introduction of the Total Debt Servicing Ratio (TDSR) framework in June last year, the private housing market continued to be weak in Q1 2014 with price declines led by mid-tier and high-end homes, according to a Colliers International report. During the period, developers launched...
Continue Reading • 23 Apr 2014
Home purchases by foreigners up
Private home purchases in Singapore fell to just over 2,000 units in Q1 2014, the first time in more than five years that it dropped below 3,000 units, media reports said.However, foreigners’ share of home purchases moved up as the share of Singaporean buyers declined significantly.Notably,...
Continue Reading • 23 Apr 2014
Slashed prices at Sky Habitat's relaunch draws buyers
The relaunch of Sky Habitat over the weekend attracted a crowd of buyers as prices at the 509-unit condominium were cut by around 10 to 15 percent, media reports said.Developer CapitaLand sold 80 units last Saturday, bringing the total number of units sold at the project to 262.A spokesperson...
Continue Reading • 22 Apr 2014
URA awards tender for Prince Charles Crescent site
The tender for a residential site (pictured) at Prince Charles Crescent (Parcel B) has been awarded to UOL Venture Investments and Kheng Leong Company, the URA said.The consortium submitted the highest bid of $463.1 million for the 24,964.3 sqm site. This translates to $8,833 psm on the gross...
Continue Reading • 22 Apr 2014
New agent courses in the works for marketing foreign property
Real estate salespersons can soon look forward to new Continuing Professional Development (CPD) courses focusing on overseas property. Speaking to PropertyGuru, SAEA Ltd (formerly known as Singapore Accredited Estate Agencies Ltd) CEO Dennis Tay revealed that SAEA and other industry bodies...
Continue Reading • 21 Apr 2014
Industry experts head to S'pore
Overseas property professionals from around the world will descend on Singapore later this month for the Asian edition of a popular property and real estate industry business-to-business event.OPP Live Asia, which will take place on April 23 and April 24 at Marina Bay Sands, offers more...
Continue Reading • 21 Apr 2014
OPP Live Asia on this week
Property professionals from around the world will be in Singapore this week for the Asian edition of a popular property and real estate industry business-to-business event. OPP Live Asia, which will take place on Wednesday, April 23 and Thursday, April 24 at Marina Bay Sands, offers more...
Continue Reading • 21 Apr 2014
Insight into Singapore's property surge and decline
There has been a lot of talk about the property market in recent years. Almost everyone has been discussing on investing in property and the rapidly escalating housing prices. A friend of mine who has no interest in property once told me: “The market is going to crash; an abrupt rise always...
Continue Reading • 21 Apr 2014