High-end home prices to decline 3-4% by Q4
The private housing market is currently at an inflexion point in terms of prices, with the downward trend persisting towards H2 2014 as the Total Debt Servicing Ratio (TDSR) and cooling measures continue to affect market sentiment, according to media reports quoting Knight Frank.Notably, prices...
Continue Reading • 7 Apr 2014
Hong Leong to launch Commonwealth Towers
Commonwealth Towers (pictured), a high-rise condominium on Commonwealth Avenue is set to launch in early May, but the showflat will open for public preview on 13 April. The 845-unit development sits on 130,101 sq ft of land and is linked to Queenstown MRT station by an overhead pedestrian...
Continue Reading • 4 Apr 2014
Jurong condo to launch at $1,250 - $1,350 psf
The Lakeville condominium project (pictured) by MCL Land will be launched at an average price of $1,250 to $1,350 psf, according to media reports.Its CEO Koh Teck Chuan said this will be the early bird pricing on balloting day, to entice potential buyers once the project opens for booking today....
Continue Reading • 4 Apr 2014
ERA to hold public seminar on HDB market
Property agency ERA will be holding a public seminar this Sunday (6 April) at 2pm at Hersing Hub in Toa Payoh Lorong 5 that will focus on the HDB market. ERA's Key Executive Officer Eugene Lim will discuss on the market outlook, and provide tips as well as advice to consumers who may be...
Continue Reading • 3 Apr 2014
District Watch: District 23
In one of the world's most developed countries, D23 offers peace and quiet away from city life. But as Cheryl Tay finds out, that doesn't make it any less accessible or liveable.Known for its lush, extensive greenery and abundance of private housing developments, Singapore’s...
Continue Reading • 3 Apr 2014
Housing prices to see further decline in 2014: PropNex
Private home prices are expected to drop further, following a tumultuous year which saw the government introducing the most severe set of property cooling measures and lending curbs, according to PropNex Realty.URA flash estimates show Singapore private home prices continued its decline in Q1...
Continue Reading • 3 Apr 2014
Singapore's super-rich amassed wealth through property
Most of Singapore’s super-rich achieved their wealth via bricks and mortar rather than through creativity and innovation, according to media reports quoting Forbes. In fact, half of the republic's 16 billionaires achieved their wealth from hotels and real estate, while half of the 50...
Continue Reading • 3 Apr 2014
80% of Spring Grove owners' give nod for en bloc
The Spring Grove condominium (pictured) on Grange Road is set to go on collective sale after the majority of homeowners gave the green light for the deal, media reports said.As of 23 March, 264 out of 325 owners have inked the collective sale agreement, read a notice emailed to residents. This...
Continue Reading • 3 Apr 2014
Fancy a sports car with that luxury condo?
New owners of a three-bedroom or penthouse unit at V on Shenton (pictured) will have the chance to purchase selected models of Aston Martin automobiles at a special price till 30 April 2014, as part of Aston Martin Singapore’s 20th anniversary, revealed marketing agent Savills. The V12...
Continue Reading • 3 Apr 2014
S'pore land price growth is lowest in Asia
Prime residential development land prices in Singapore fell 1.4 percent over the period of December 2011 to December 2013, according to the Knight Frank Prime Asia Development Land Index, which was launched today. On the other hand, other Southeast Asian cities experienced surging price growth...
Continue Reading • 2 Apr 2014
Sales at The Santorini off to slow start
Sales at the 597-unit The Santorini condominium (pictured) along Tampines Avenue 10 have been slower than expected, with a 40 percent take-up rate recorded over two days last weekend. Officially launched on 29 March, only 80 units found buyers out of an initial 200 apartments made available for...
Continue Reading • 2 Apr 2014
Fewer residential land sites sold in 2013
Despite its property cooling measures, the government sold 338.1ha of land in 2013 compared to 303.9ha the year before, boosting its funds by about $17 billion from $15.5 billion in 2012, media reports said.The private sector accounted for $9.1 billion, while public agencies contributed $7.9...
Continue Reading • 1 Apr 2014
Private home prices down 1.3% in Q1
Private residential property prices in Singapore fell by 1.3 percent in the first quarter of 2014, according to URA flash estimates released today. This is higher than the 0.9 percent decline in the previous quarter.Prices of non-landed private residential properties declined in the first quarter...
Continue Reading • 1 Apr 2014
Function, aesthetics and eco concerns
Award-winning local developers discuss on what makes a good building design. While most buildings are built to serve a functional purpose of shelter, accommodation or commercial needs, how a building looks and operates often plays a part in adding character to the surrounding area and...
Continue Reading • 31 Mar 2014
Resale private home prices dipped in Feb
Resale prices of completed non-landed private homes slipped 0.4 percent in February from the month before as prices dropped in both the central and non-central regions, revealed flash estimates of the Singapore Residential Price Index (SRPI) of the National University of Singapore (NUS) and...
Continue Reading • 31 Mar 2014
Seniors expo to offer property selling, leasing tips
Senior citizens will get a chance to learn how to avoid pitfalls when selling their property at this weekend's 50plus Expo 2014. The Council for Estate Agencies (CEA) is among the participants at the annual three-day outreach event targeted at baby boomers and seniors aged 50 and above.As...
Continue Reading • 28 Mar 2014
More foreclosed properties on auction: report
The number of properties put up for mortgagee sale increased to 22 in the first quarter of 2014; a relatively high figure for a three-month period, according to a Colliers International report.There was only an average of eight mortgagee listings per quarter in 2013 and an average of six per...
Continue Reading • 28 Mar 2014
Billionaire's son in bungalow rent row
A medical devices firm has been sued by Wee Ee-Chao, the son of one of Singapore’s wealthiest men Wee Cho Yaw, for allegedly not paying rent on a bungalow located near Orchard Road, according to media reports.In a lawsuit filed in Singapore's High Court, Wee and his wife claimed that...
Continue Reading • 28 Mar 2014
Record price for Orchard office units
Four adjoining office units in Orchard Shopping Centre were sold for $8.55 million, or around $3,242 psf at a Knight Frank auction this week after fierce competition from two bidders. This is a record price for the development and for the Orchard area to date in 2014. Last year a 667 sq ft unit...
Continue Reading • 27 Mar 2014
3 land sites released by govt
To provide developers and home buyers with more housing options, the HDB and URA announced on Thursday that three residential sites will be released for sale in March, which could yield about 1,300 units. The sites are being released under the 1H2014 Government Land Sales (GLS) Programme and are...
Continue Reading • 27 Mar 2014