Gilstead Court en bloc sale faces objections
The en bloc sale of Gilstead Court (pictured) in Newton may not proceed as five owners have filed an objection with the Strata Titles Board (STB).The freehold condominium was sold for S$150.2 million to Tuan Sing Holdings on 17 June, after 43 owners consented to the sale, enough to achieve the 80...
Continue Reading • 31 Jul 2013
Bungalow at White House Park up for auction
A good class bungalow (GCB) at No.24 White House Park in District 10 will go on sale through a public auction on 27 August at Amara Hotel, according to marketing agent DTZ. The 17,151 sq ft freehold site is located within an established GCB area and currently features a two-storey bungalow with a...
Continue Reading • 31 Jul 2013
More condo units returned in 2013
The number of Singapore buyers choosing to return their private property units has been rising throughout 2013, although there seems to be a variety of reasons why people opt to forfeit 1.25 percent of the purchase price.Last month saw 97 units returned to developers according to published data...
Continue Reading • 30 Jul 2013
Central region home prices fall after recent spikes
The NUS Singapore Residential Price Index (SRPI) for the Central Region fell 1.5 percent in June to 150.0 (excluding small units), putting an end to a rise for three consecutive months.Overall, the private residential index which tracks prices of completed non-landed private homes excluding...
Continue Reading • 30 Jul 2013
Housing supply remains a concern: report
With around 10,300 private residential units expected to enter the property market, oversupply will likely remain a key concern as vacancy rates move up over the remaining half of 2013. According to a report from wealth management firm Religare, new project completions will consistently rise...
Continue Reading • 30 Jul 2013
Housing market faces headwinds: CapitaLand
The private property market could face some headwinds over the next few months, with sales volumes and housing prices moderating a little, said property giant CapitaLand.“Prices and sales volume of Singapore residential property are expected to moderate as the cumulative impact of the...
Continue Reading • 29 Jul 2013
EC demand will soar, says SLP
The executive condominium (EC) market is expected to heat up due to a number of factors including the 'unintended effects' of skyrocketing private property prices, latest government policy and supply concerns, according to SLP International.Demand for such homes will increase as prices of private...
Continue Reading • 29 Jul 2013
Book explores rich history of Seletar
As part of celebrations for its 45th anniversary, the Seletar Hills Estate Residents' Association (SHERA) will unveil a book tomorrow evening highlighting the estate's rich history. Called 'Down the Seletar River: Discovering a Hidden Treasure of Singapore', the book chronicles the history...
Continue Reading • 26 Jul 2013
Marina Bay condo close to sold out
The 66-storey Marina Bay Suites (pictured) sold 90 percent or 198 of its 221 luxury condominium units upon its completion in June, according to project manager Raffles Quay Asset Management (RQAM).On average, units at the 99-year leasehold development were selling for S$2,700 psf, said Thomas...
Continue Reading • 26 Jul 2013
Prices continue to rise despite cooling
Despite numerous government attempts to cool the market, property prices in Singapore have continued to rise in many sectors during the second quarter of 2013.The latest data from the Urban Redevelopment Authority (URA) showed prices for private homes in Singapore rose one percent...
Continue Reading • 26 Jul 2013
More foreigners shun Singapore property
Permanent residents (PRs) and other foreigners are buying up fewer private residential properties in Singapore as a result of the government’s stringent cooling measures.Based on DTZ’s caveats analysis, the number of private homes purchased by PRs and foreigners dropped for a second...
Continue Reading • 25 Jul 2013
Rents on luxury property to slip 5%
Average monthly gross rents of luxury and super-luxury homes are expected to drop by up to five percent this year, according to Colliers International.This could be due to heightened competition for tenants in completed and upcoming projects, which could put some downward pressure on...
Continue Reading • 25 Jul 2013
New lending rules will lead to cautious developer bidding
The Monetary Authority of Singapore's (MAS) latest move to encourage prudence in the home loans market will likely affect not just borrowers but also developers, according to Savills. Even before the central bank introduced its new rules, the US Federal Reserve hinted at...
Continue Reading • 25 Jul 2013
Free property seminar at Jewel @ Buangkok this Saturday
Following the success of recent property seminars held at the showflats of Sky Habitat in Bishan and Sennett Residence in Potong Pasir, a similar event will be held this Saturday (27 July) at 12:30pm for Jewel @ Buangkok, a new condominium project near the Buangkok MRT station. Organised by...
Continue Reading • 25 Jul 2013
Analyst: 9,000 troubled units could be on market
Up to 9,000 Singapore private property owners could be forced to sell their homes if interest rates rise in the city-state, according to an analyst report published today.On the back of news that up to 10 percent of Singapore households may have already over-leveraged their private property...
Continue Reading • 24 Jul 2013
Slew of new projects launching in OCR
Twelve new private residential projects will be launched over the next six months, most of which will be located on Government Land Sales (GLS) sites, according to Savills. Among them the Glades, a new 726-unit condominium project by Keppel Land and Vanke Group, sited on a GLS parcel in New...
Continue Reading • 23 Jul 2013
Seaside projects show strong investment potential
Western investors keen on coastal property projects in Singapore such as the 494-unit Sea Horizon executive condominium (EC) in Pasir Ris by developer Hao Yuan Development should act fast before ambitious Chinese entrepreneurs buy up all the available units for sub-letting purposes, according to...
Continue Reading • 22 Jul 2013
Chancery Hill site sold for $41m
A 29,468 sq ft prime freehold site at Chancery Hill Road has been sold through a private treaty for S$41 million or S$1,391 psf, according to OrangeTee's Investment and Advisory Department.Chancery Garden (pictured), a three-storey residential block comprising 10 apartments and townhouses, was...
Continue Reading • 22 Jul 2013
Singapore a favourite destination for Indian property buyers
Singapore has been named one of the top destinations for Indian property buyers in a list which includes Malaysia, Dubai, New York and some UK cities, according to property consultancy Jones Lang LaSalle.A major reason is that the property markets in those countries provide lucrative investment...
Continue Reading • 22 Jul 2013
S'pore, HK world's priciest housing markets
Housing prices in Singapore and Hong Kong are considered the most expensive in the world, primarily due to higher property taxes implemented to cool the market.Both cities are favoured by property investors within the Asia Pacific region, especially with newly wealthy Chinese...
Continue Reading • 22 Jul 2013