World's first $1m virtual property
Singapore-based game developer Planet Arkadia is offering investments in what is believed to be the world’s first million dollar virtual property.The company is offering players of the Entropia Universe game the chance to invest in 200,000 deeds priced at US$5.00 each – or PED 50...
Continue Reading • 27 Mar 2014
GCB land near Holland Village for sale
Three adjoining plots of Good Class Bungalow (GCB) land along Holland Rise and East Sussex Lane are up for sale through expression of interest (EOI), revealed Cushman & Wakefield.The vacant plots sit on a regular-shaped site totalling about 52,992 sq ft and are accessible via two cul-de-sacs...
Continue Reading • 26 Mar 2014
MCC Land launches The Santorini
The highly anticipated The Santorini (pictured) at Tampines Avenue 10 will launch this Saturday (29 March). Developed by MCC Land, the 597-unit condominium comprises one- to five-bedroom units of varying configurations, including penthouses. Close to 35 percent of the apartments are...
Continue Reading • 26 Mar 2014
Sales rise for small units up to 800 sq ft
In 2013, small units of up to 800 sq ft accounted for 47.6 percent of non-landed private home sales by developers, up 43.4 percent from the year before.Caveats analysis by CBRE revealed this trend has gained more than 40 percent share since 2011. “This is a function of supply ... as...
Continue Reading • 25 Mar 2014
Asia-Pac investors to spend more
A significant majority of real estate investors expect to commit more capital to the Asia Pacific real estate market this year, according to a CBRE report.In its Asia Pacific Investor Intentions Survey 2014, which gauged the appetite and outlook of Asia-Pacific real estate investors for the rest...
Continue Reading • 25 Mar 2014
38 units at The Draycott up for sale
A total of 38 units at The Draycott apartment (pictured) are up for sale by expression of interest (EOI), according to marketing agent JLL. The 133-unit freehold development in the Ardmore Park/Claymore district has potential for en bloc sale. The portfolio for sale represents around 31 percent...
Continue Reading • 24 Mar 2014
Cooling measures force investors to look further afield
With the prospect of cooling measures remaining in place, Asia's real estate investors are predicted to spend more in a wider range of geographical locations and property sectors outside the region in 2014, according to Colliers International. Piers Brunner, Chief Executive Officer, Asia,...
Continue Reading • 24 Mar 2014
Crowdfunding expo for Singapore
Southeast Asia’s first Property Investing and Crowdfunding Expo is set to take place in Singapore later this year.The event, organised by CoAssets, will take place on July 18-19 at the DBS Auditorium in Marina Bay Financial Centre. It aims to promote greater awareness on the potential of...
Continue Reading • 24 Mar 2014
HICAP buys AOCAP
The Alternative Ownership Conference Asia Pacific business – known as AOCAP – has been purchased by the Hotel Investment Conference Asia Pacific (HICAP) brand.Launched in Phuket in 2009 by the Absolute World Group, AOCAP has quickly become Asia Pacific’s premier investment...
Continue Reading • 24 Mar 2014
S'pore home prices fell 0.9% in 2013
Despite modest economic growth, inflation-adjusted home prices in Singapore slipped 0.9 percent in 2013 following a 1.13 percent dip in 2012, according to a survey from Global Property Guide. This trend reverses annual price growths of 0.9 percent, 13.06 percent and 2.59 percent in 2011,...
Continue Reading • 21 Mar 2014
Rise in new private home sales
New private home sales increased by around 28 percent during February to reach 724 units, according to public data published on Monday by the URA. Including executive condominiums (ECs), 769 units were sold last month compared to the 610 taken up in January 2014.A total of 671 units were...
Continue Reading • 19 Mar 2014
Developers prioritise selling leftover units
Sales of new private homes surpassed the number of units launched in February 2014, a sign that developers are pushing back new launches while focusing more on selling existing developments.Based on URA data, developer sales increased by about 28 percent to 724 units in February. Including...
Continue Reading • 19 Mar 2014
Three top awards for Singapore
Singapore property developments took home three prestigious awards from the 2014 MIPIM Awards, which took place in the Palais des Festivals in Cannes, France, last week.More than 150 real estate projects from 39 countries entered the annual awards, with a jury of industry professionals, headed by...
Continue Reading • 19 Mar 2014
Huge buzz surrounding upcoming launches
The preview phase for The Santorini condominium (pictured) at Tampines Avenue 10 is expected to begin this week, while its official launch is scheduled at the end of this month, revealed Richard Nah, Senior Manager at MCC Land (Singapore).The mass market project is set to TOP in 2018 and consists...
Continue Reading • 18 Mar 2014
Prefab building may compromise home's uniqueness
Despite the productivity gains, some developers are anxious that using prefabrication technology may compromise the uniqueness of luxury projects, media reports said.They noted that its one-size-fits-all approach sacrifices on personal touches and the extra attention to detail demanded by most...
Continue Reading • 18 Mar 2014
District Watch: District 13
This area may not be the biggest or busiest in Singapore, but as Cheryl Tay discovers, good things do come in small packages.Consisting of Braddell, Macpherson and Potong Pasir, District 13 has gone from an area known for its sand quarries and vegetable farms to one filled with thriving housing...
Continue Reading • 18 Mar 2014
Letter from MIPIM: Day Three
Brett Alegre-Wood reports for PropertyGuru from the third day of MIPIM, the annual conference for the world's property industry.One of the keynote presentations on day three at MIPIM in Cannes, France, focused on future proofing your property investment - a professional’s gaze into the next...
Continue Reading • 14 Mar 2014
Keppel Land, CDL recognised for winning designs
A total of 63 awards were handed out yesterday at the inaugural Singapore Good Design Mark Awards (SG Mark) by the Design Business Chamber of Singapore (DBCS). Among the big winners were property heavyweights Keppel Land and City Developments (CDL).Keppel Land clinched Gold for the Vertical...
Continue Reading • 14 Mar 2014
NUS plans another residential college
The National University of Singapore (NUS) will convert Ridge View Residences at Kent Ridge campus into its fourth residential college and the first one outside University Town (UTown) which opened three years ago, according to media reports. Currently, Ridge View Residences comprises six...
Continue Reading • 14 Mar 2014
URA awards tender for Yishun site
A residential plot (pictured) at Yishun Avenue 9 has been awarded to EL Development, said the URA. The developer submitted the highest bid of $278.8 million for the 20,553.8 sqm site. This translates to around $4,844 psm on the gross floor area.The tender exercise for the site closed on 11 March...
Continue Reading • 13 Mar 2014