Massive rise in August private home sales
Sales of new private homes for the month of August shot up to 742 units, a 54 percent increase compared to the previous month, according to data released by the Urban Redevelopment Authority (URA).Year-on-year, this was still 52 percent lower than in August 2012. Including executive condominiums...
Continue Reading • 17 Sept 2013
Global rental growth slows during first half of 2013
Rental growth worldwide was subdued during the first half of the year on the back of uncertain economic conditions, especially in Europe and China, revealed a DTZ Research report. “The global picture for the first half of this year is showing that most global corporations are waiting...
Continue Reading • 17 Sept 2013
Developers stand firm on TDSR assault
Despite the current economic conditions and cooling measures, particularly the Total Debt Servicing Ratio (TDSR) framework, property players remain optimistic on the outlook for Singapore’s housing market.Several developers are not holding back on their project launches while prices remain...
Continue Reading • 16 Sept 2013
Sentosa villa comes with serious flaws, says owner
The exclusive residential enclave of Sentosa Cove has been rocked again by another complaint of shoddy construction work, this time at YTL Group’s Sandy Island.Just last week, it was reported that Ho Bee was being sued by homeowners at The Coast at Sentosa Cove, for defects such as...
Continue Reading • 16 Sept 2013
CapitaLand to cut prices at new condo
In a bid to keep pricing affordable, CapitaLand's latest condominium project in Bishan will be priced lower than its nearby Sky Habitat, media reports said.Although the showflat for the yet-to-be-named project with 694 units opened on Saturday, sales bookings will only start a few weeks later....
Continue Reading • 16 Sept 2013
Redas chief bullish on property sector
The future looks bright for the property market even as it takes “a course through the cycle of business”. This is the view of the Real Estate Developers' Association of Singapore (Redas). In fact, the government’s long-term plans have opened up “tremendous economic and...
Continue Reading • 13 Sept 2013
Seller's Stamp Duty: A double-edged sword?
The Government first introduced a Seller’s Stamp Duty (SSD) in February 2010 on all residential properties to cool the housing market that was rebounding on the back of the economic recovery from the global financial crisis in 2009. The SSD was subsequently revised twice...
Continue Reading • 12 Sept 2013
Free seminar at Forestville this Saturday
Property hunters can head down to the Forestville showflat this Saturday (14 September), where PropertyGuru will be holding another consumer seminar. Located off Woodlands Avenue 5, the event will start from 12:30pm. This is the fifth such seminar for the property portal in 2013. The focus...
Continue Reading • 12 Sept 2013
Versailles up for sale again, at lower price
The freehold Versailles condominium (pictured) has been re-launched for collective sale through a public tender, revealed its marketing agent Jones Lang LaSalle. The 55-unit development is zoned residential and has a land area of 53,073 sq ft and gross plot ratio of 2.1 under the 2008 Master...
Continue Reading • 12 Sept 2013
Loan curbs weaken sales of new launches
The impact of the government's latest loan policies was evident in last week's launches of The Skywoods (pictured) and The Glades, as sales were stalled following the first day of booking, according to Religare. Keppel Land's 726-unit The Glades sold only 80 units, with average prices...
Continue Reading • 11 Sept 2013
Strong interest for Mt Sophia site
A 99-year leasehold residential site at Mount Sophia received strong interest from nine developers at the close of its tender yesterday, according to the Urban Redevelopment Authority.Launched for tender on 28 June, the land parcel drew top bid of S$442.3 million, which translates to S$1,157 psf...
Continue Reading • 11 Sept 2013
Land cost takes over property prices and income growth
Land costs in Singapore have been rising faster than property prices and household income over the last few years, according to DTZ.Based on sales of sites from the Government Land Sales (GLS) programme’s confirmed and reserve lists that were awarded between 2008 to 1H2103, the average land...
Continue Reading • 10 Sept 2013
Frasers Centrepoint awarded $1.43b Yishun site
HDB has awarded a mixed commercial and residential development site (pictured) at Yishun Avenue 2/Yishun Central 1 to Frasers Centrepoint, after the developer submitted a stunning bid of S$1.43 billion.Frasers' top offer was about 50 percent higher than the second bid of S$969.3 million from Far...
Continue Reading • 10 Sept 2013
$50m price tag for Belmont Road bungalow
A good class bungalow (GCB) at No. 74 Belmont Road is up for sale through expression of interest (EOI) and is expected to fetch S$50 million, revealed marketing agent Savills. The site has a land area of 26,455 sq ft and is located within the Belmont Good Class Bungalow Area. Perched on a slope,...
Continue Reading • 9 Sept 2013
60% of Sea Horizon units sold
Sea Horizon, the latest executive condominium (EC) in the market sold about 60 percent of its units on the opening weekend of sales bookings. According to its developers Hao Yuan Investment and Sustained Land, buyers started streaming into the showflat in Pasir Ris at 6pm on Saturday to select...
Continue Reading • 9 Sept 2013
Developers slashing prices amid TDSR terror
Developers are lowering launch prices of new projects as the Total Debt Servicing Ratio (TDSR) begins to bite, media reports said. Among the projects affected is UOL and Singapore Land's Thomson Three condo (pictured) in Bright Hill Drive.“Without TDSR, we could easily have priced this...
Continue Reading • 9 Sept 2013
London in the Singapore spotlight
No less than nine separate property exhibitions featuring United Kingdom property investment opportunities take place in Singapore this weekend – underlining the fact that local buyers’ love of London property remains stronger than ever.Three projects are also claiming to be having...
Continue Reading • 7 Sept 2013
DUO and Marina One set for 2017 completion
Two mega mixed-use projects jointly developed by Malaysia and Singapore are expected to be ready in 2017, after the developer M+S awarded two construction contracts amounting to S$2 billion. DUO in the Bugis area will be built by Japanese Obayashi Corporation, while a Korean consortium of Hyundai...
Continue Reading • 6 Sept 2013
$1.43 billion top bid for Yishun site
A mixed commercial and residential site (pictured) at Yishun Avenue 2/Yishun Central 1 drew five bids when its tender closed yesterday, attracting an eye-popping top bid of S$1.43 billion.Launched for sale by HDB on 28 June, the land parcel has an area of 41,084.9 sq m and maximum gross floor...
Continue Reading • 6 Sept 2013
Developer shifts to mass market segment
Property developer Heeton Holdings is moving to the mass market segment, on the back of a challenging property market within the city-state, according to media reports.“Normally, we don't go into these areas but, lately, we feel that it may be a safer bet,” said Chief Operating...
Continue Reading • 5 Sept 2013