Global house prices hit new peak
Global housing prices have hit a new high, rising 4.6 percent over the last 12 months to September, up four percent from the previous peak in Q2 2008, revealed Knight Frank's Global House Price Index.“The index’s strong performance has been assisted not just by headline grabbing price...
Continue Reading • 9 Dec 2013
Andy Lau also eyeing Singapore property
Another Hong Kong celebrity has expressed interest in buying Singapore property just a few days after actress Carina Lau announced she is considering it as well, media reports stated.Andy Lau (pictured), one of Hong Kong's four ‘Heavenly Kings’, said he was thinking of purchasing a...
Continue Reading • 6 Dec 2013
Office market activity still cautious
On-going corporate caution resulted in subdued leasing activity in Asia Pacific's Tier 1 office markets in the third quarter this year, according to a report from Jones Lang LaSalle. The study noted that while take-up rates of Grade A office space has slowed in most markets, particularly...
Continue Reading • 5 Dec 2013
Amerald Land launching cluster housing project
This weekend property developer Amerald Land will hold a private preview at the showflat of Kaleido, a new freehold cluster housing project along Lorong K Telok Kurau in the east, revealed marketing agent Knight Frank. The project comprises 14 cluster terrace houses, each made up of...
Continue Reading • 5 Dec 2013
Two plots at Upper Serangoon View awarded
The tender for two residential sites at Upper Serangoon View (pictured) has been awarded to Kingsford Development, revealed the Urban Redevelopment Authority (URA).The developer submitted the highest bids for both sites at S$258.8 million for Parcel A and S$201.63 million for Parcel B, or S$522...
Continue Reading • 3 Dec 2013
Two new malls to open before Christmas
The shopping mall Westgate opens its doors today offering a variety of lifestyle, fashion and F&B outlets under one roof. Located in Jurong East, the seven-storey building houses over 250 brands spread across 410,000 sq ft and is the only development to provide direct links to both the Jurong...
Continue Reading • 2 Dec 2013
Resale private home prices drop further
Resale private home prices continued to soften in October as new projects lured buyers away from the secondary market.Overall prices of resale private homes fell 1.2 percent last month based on flash estimates of the NUS Singapore Residential Price Index (SRPI).This is in comparison to the 0.9...
Continue Reading • 29 Nov 2013
Strong bidding interest for Upper Serangoon View sites
The tender for two residential sites in Upper Serangoon View (pictured) closed on Thursday, with both plots attracting eight bids and top bids of more than S$200 million each. Launched for sale on 30 September and offered on 99-year leases, Parcels A and B have land areas of 165,140 sq ft and...
Continue Reading • 29 Nov 2013
Tech companies spur rental growth in CBD
Traditionally occupied by financial institutions, the central business district is witnessing a new trend of consumer Internet companies taking up large spaces in prime Grade A office buildings, according to Cushman & Wakefield and reported in the media.This comes amid increasing rents due to...
Continue Reading • 28 Nov 2013
Pace of new condo sales slows
The strong interest for private residential launches seen just a few weeks ago has waned with lacklustre sales reported over the weekend, media reports said. Property consultants noted that projects experiencing brisk sales during their debut two weeks ago now rely primarily on price cuts...
Continue Reading • 27 Nov 2013
Paterson Hill world's 5th priciest street
Paterson Hill in Singapore was recently listed by a Billionaire.com report as the world’s fifth most expensive street with an average price of US$42,500 (S$53,800) psm, or S$4,998 psf.Hong Kong’s Pollock’s Path on The Peak topped the list followed by London’s Kensington...
Continue Reading • 26 Nov 2013
Singapore adds 3500 hotel rooms
The Singapore hospitality market witnessed two of the biggest deals undertaken in Asia over the last 12 months and also the addition of around 3,500+ rooms, according to Akshay Kulkarni, Regional Director of Cushman & Wakefield’s Hospitality sector group across South Asia and Southeast...
Continue Reading • 26 Nov 2013
Private rental market robust in Q3
Singapore’s rental market performed strongly in the third quarter this year, with private residential leasing volumes increasing 11.6 percent quarter-on-quarter to 15,083 cases, according to a Savills report. This brings total leases secured during the first nine months of the year to...
Continue Reading • 26 Nov 2013
East Coast hotel site up for sale
A hotel site at East Coast Road (pictured) was launched for tender on Friday, according to the Urban Redevelopment Authority (URA).The 0.8ha site at the junction of East Coast Road and Joo Chiat Road has a gross floor area of 266,040 sq ft. It was made available for sale through the reserve list...
Continue Reading • 22 Nov 2013
PropertyGuru sets up 1st International Investment Show
Asia's leading property portal is bringing together premier developments from around the world for its inaugural International Investment Show (IIS), taking place this weekend (23 - 24 November) from 11am to 7pm daily at Suntec Concourse, Level 3, Suntec Convention and Exhibition Centre.The...
Continue Reading • 22 Nov 2013
Property seminar draws in crowd
PropertyGuru’s consumer seminars continue to attract interest from property seekers with a small crowd of mainly families attending the most recent event at the Sea Horizon sales gallery in Pasir Ris last Saturday.The free seminar showcased the 99-year leasehold executive condominium (EC)...
Continue Reading • 21 Nov 2013
Sembawang EC over 50% sold
The SkyPark Residences EC (pictured) attracted healthy interest over the launch weekend with more than 50 percent of its 506 units sold.The project, the first-of-its-kind in Sembawang, was three times oversubscribed during its e-application exercise with 1,600 applications, making it the most...
Continue Reading • 20 Nov 2013
New sites to yield 2350 homes
In a bid to provide more private housing options for developers and buyers, the HDB and URA released four residential sites for sale this month that are expected to generate 2,350 units.Launched under the Government Land Sales (GLS) Programme for 2H2013, the 99-year leasehold sites include a land...
Continue Reading • 19 Nov 2013
Tender for Havelock Road site awarded
The tender for a hotel site at Havelock Road which attracted nine valid bids was awarded to I Hotel Pte. Ltd., revealed the Urban Redevelopment Authority (URA).The developer submitted the highest bid of S$30.09 million or S$1,303 psf ppr for the site.Launched for sale on 18 September and offered...
Continue Reading • 19 Nov 2013
New Marina Downtown to house more skyscrapers
A new undersea road will create a new precinct that will complement the existing central business district while offering boundless possibilities, according to a media report quoting consultants. Property and planning consultants noted that the 70ha Marina Downtown will be developed once a...
Continue Reading • 18 Nov 2013