Developer shines spotlight on mixed developments
The increasing popularity of mixed-use developments in growing cities such as Singapore is a logical solution to high-density living, said Cheng Hsing Yao, Chief Executive Officer of GuocoLand (Singapore). In recent years as the population of Asian cities started to grow, transportation issues...
Continue Reading • 15 Aug 2013
For sale: $25m GCB off Holland Road
A good class bungalow (GCB) at East Sussex Lane off Holland Road has been launched for tender at a guide price of S$25 million, according to marketing agent CBRE. Located within the Holland Rise Good Class Bungalow Area, the 15,100 sq ft property comprises four levels of extendable living...
Continue Reading • 15 Aug 2013
Analysts: July new home sales may drop 63%
New private home sales may fall by about 63 percent for the month of July, due partly to the introduction of new loan restrictions in June, property analysts said. In June, over 50 percent of the 1,806 new residential units sold came from two projects - Jewel @ Buangkok (pictured) and...
Continue Reading • 14 Aug 2013
UOL's new projects launching soon
Property developer UOL is set to launch several new residential projects in the near future, revealed financial services firm Nomura. The first is a 445-unit development at Bright Hill Drive which is expected to launch in ‘a couple of weeks’. The St. Patrick’s Garden project...
Continue Reading • 14 Aug 2013
Good response for Tembusu project
The Tembusu condominium project (pictured) in Kovan has received strong interest from buyers, with over 200 units sold as of yesterday, media reports said.Developed by Wing Tai Holdings, the 337-unit development commenced sales yesterday, two weeks after the showflat was opened for VVIPs and...
Continue Reading • 14 Aug 2013
Sales gallery for Kensington Square now open
Kensington Village, a joint venture company between Fragrance Group and World Class Land, has opened the sales gallery for Kensington Square (pictured), a new mixed development at the junction of Upper Paya Lebar Road and Jalan Lokam.The freehold project comprises 141 residential units ranging...
Continue Reading • 12 Aug 2013
Home prices may slip 5%, says billionaire Kwek
Private home prices in Singapore are expected to drop by up to five percent due to an oversupply of residential properties from 2014 onwards, said Kwek Leng Beng, Executive Chairman of City Developments Limited (CDL).Such a scenario could be averted if curbs on foreign buyers of private homes are...
Continue Reading • 7 Aug 2013
Only 6 PR applications allowed for landed homes in first half
The number of permanent residents (PRs) granted approval to buy landed homes in mainland Singapore has dropped significantly on the back of government efforts to set aside more of these types of properties for Singaporeans, media reports said. The government further tightened the eligibility...
Continue Reading • 6 Aug 2013
River Valley condo to launch at $2,100 psf
The 248-unit RV Residences condominium (pictured) in District 10 is expected to launch by end-August with prices from S$2,100 to S$2,300 psf.Developed by Allgreen Properties, the 999-year leasehold project is located at River Valley Road and is being marketed by DTZ, media reports said.The...
Continue Reading • 6 Aug 2013
GCB for sale at Chancery Lane
A good class bungalow (GCB) at Chancery Lane is up for sale by tender with an indicative price tag of S$39 million. Built in the 1980s, the freehold property is located within the Bukit Tunggal GCB enclave.With a land area of 23,932 sq ft, the property could fetch a psf price of S$1,630. The...
Continue Reading • 6 Aug 2013
Seminar at Jewel @ Buangkok a success
PropertyGuru, this time in partnership with developer City Developments Limited (CDL), recently conducted its third property seminar for 2013 at the sales gallery of Jewel @ Buangkok condominium. The event saw close to 100 buyers and investors keen to know more about the new project in District...
Continue Reading • 6 Aug 2013
HDB awards Jurong EC site at $272.8m
An executive condominium (EC) site (pictured) at Yuan Ching Road/Tao Ching Road in Jurong has been awarded to a consortium comprising Evia Real Estate, BBR Development, CNH Investment and OKP Land, after it offered the top bid of S$272.83 million. The 217,298 sq ft site received an overwhelming...
Continue Reading • 5 Aug 2013
Preview held for Wing Tai's The Tembusu
Wing Tai Asia’s much-anticipated new project The Tembusu (pictured) held a preview for pre-registered interested buyers at its showflat last weekend.Located at the company’s former headquarters at Tampines Road and close to Kovan MRT station, the 337-unit freehold condominium project...
Continue Reading • 5 Aug 2013
Punggol EC nearly 60% sold on booking day
Close to 60 percent of all units at the Ecopolitan executive condominium (EC) in Punggol were sold during its booking period, supported by keen interest for its CoSpace concept.CoSpace is an innovative feature that allows buyers to reconfigure homes based on their needs. The CoSpace units were 60...
Continue Reading • 5 Aug 2013
Coastal EC set to open for e-application
Sea Horizon, a coastal executive condominium (EC) in Pasir Ris developed by Hao Yuan Investment and Sustained Land will open for e-applications on 7 August. The 495-unit project will feature twelve tower blocks comprising two- to five-bedroom units and penthouses. Some homes will offer a...
Continue Reading • 2 Aug 2013
Jakarta top for prime price rises
Jakarta led the way for the third consecutive quarter for annual prime residential property prices according to the latest research from Knight Frank.Prime residential prices around the world – defined by the report as being the top five percent of mainstream property in each surveyed city...
Continue Reading • 1 Aug 2013
EC site in Jurong attracts 16 bids
An executive condominium (EC) site (pictured) at Yuan Ching Road/Tao Ching Road drew 16 bids at the close of its tender on Tuesday, according to the HDB. The 217,298 sq ft site with a maximum gross floor area (GFA) of 651,895 sq ft was among three EC sites offered on 99-year leases.A consortium...
Continue Reading • 1 Aug 2013
Competition between new projects to affect rents
The rental market may be forced to cut prices further as a large upcoming supply of newly-completed condominiums pushes up the number of potential rental properties, according to media reports.Property consultants believe that competition will heat up even more and rental rates will fall in the...
Continue Reading • 1 Aug 2013
Asia's rich continue to house hunt overseas
With limited properties available in their home countries, Asian investors could park up to US$150 billion (S$190.6 billion) in property investment in global gateway cities over the next five years, according to a CBRE report. Currently, wealthy Asian institutional investors control a fifth of...
Continue Reading • 1 Aug 2013
S'pore property nearing inflexion point: Redas chief
Singapore's property cycle is nearing an important inflexion point, said Chia Boon Kuah, President of the Real Estate Developers' Association of Singapore (Redas).Pointing to two emerging trends, namely increased volatility and a maturing property cycle, Chia, who is also Chief Operating...
Continue Reading • 31 Jul 2013