Parc Oasis owners approve resolution on parking charges
Residents at Parc Oasis (pictured) with more than one car will now be charged with parking fees, after the majority approved such proposal, according to media reports.Owners of the 950-unit condo in Jurong East were asked at a general meeting on Saturday to back the increased management fees and...
Continue Reading • 21 Jun 2013
World Class Land wins tender for Faber Walk site
World Class Land has been awarded the tender for a residential site (pictured) at Faber Walk at a bid price of S$156.68 million.The Urban Redevelopment Authority (URA) launched the tender for the 15,125.4sq m site on 15 April. The site attracted 18 bidders at the close of the tender on Tuesday...
Continue Reading • 21 Jun 2013
Property investment sales down 10% in Q2
Preliminary figures from Savills reveal that investment sales of properties valued at S$10 million and above dropped 10 percent to S$4.5 billion in Q2. The final figures are expected to range between S$4.9 billion and S$5 billion.This is lower than Q1 sales of S$5.6 billion, which was a...
Continue Reading • 20 Jun 2013
Woodlands EC to launch this weekend
After almost six months since its scheduled opening, the 653-unit executive condominium (EC), Forestville (pictured) will finally be launched this weekend.A project by Hao Yuan Investment, Forestville offers two- to five-bedroom units, penthouses, as well as dual-key and loft units.The Urban...
Continue Reading • 20 Jun 2013
8M Residences opens for buyer registration
The 68-unit 8M Residences (pictured) on Margate Road is now open for interested buyers ahead of its upcoming launch.The 24,001sq ft residential tower will offer a mix of one-bedroom plus study, two-bedroom, two-bedroom plus study and three-bedroom units with sizes ranging from 527 sq ft to 1,668...
Continue Reading • 20 Jun 2013
Johor Bahru station site identified
Plans for the proposed Rapid Transit System (RTS) that will connect Johor Bahru and Singapore are still under discussion, according to Iskandar Region Transportation Corp Chairman Datuk Abdul Latiff Bandi.Once the government of Singapore and Malaysia have reached an agreement, both...
Continue Reading • 20 Jun 2013
Guaranteed returns: All you need to know
By Andrew Batt: Many overseas property investment opportunities come with guaranteed returns of as much as 40 percent, but do buyers end up paying more and what are they actually worth?The enticing offer of ‘guaranteed rental returns’ is fast becoming a must-have for many of the...
Continue Reading • 20 Jun 2013
Look overseas for better returns
With the prospect of little price appreciation at home in the near future Singaporean buyers and investors should look overseas for better returns.This advice comes courtesy of IP Global in its latest Property Market Barometer report, which notes that while the Singapore property market remains...
Continue Reading • 20 Jun 2013
BEX 2013 all set to promote a greener Southeast Asia
This year’s Build Eco Expo (BEX) Asia will draw greater focus and support to the green initiatives actively pushed by Southeast Asian nations, featuring the latest green technologies and products for residential and commercial properties.Organised by Reed Exhibitions, the event will be held...
Continue Reading • 19 Jun 2013
Faber Walk residential site draws S$156.7m top bid
A residential site at Faber Walk drew interest from 18 bidders when tender closed yesterday, according to the Urban Redevelopment Authority (URA).Launched for tender on 15 April, the 15,125.4sq m site has a maximum gross floor area (GFA) of 21,176 sq m and a lease period of 99 years.World Class...
Continue Reading • 19 Jun 2013
Eunosville up for collective sale by tender
A 330-unit residential development, Eunosville (pictured), is up for collective sale by tender with a reserve price of S$688 million, according to its exclusive marketing agent Jones Lang LaSalle (JLL). If sold, the development located opposite the Eunos MRT station will be the second largest...
Continue Reading • 18 Jun 2013
ERA for sale at S$200 million
The ERA Real Estate network throughout Asia Pacific is for sale with a price tag of S$200 million, according to media reports on Monday.The Wall Street Journal, citing sources with knowledge of the situation, reported that Singapore-based Hersing Corp., which owns the franchise rights to the...
Continue Reading • 18 Jun 2013
Yi Mei Garden sold for S$136m
Roxy-Pacific Holdings, through its unit RH Draycott Park, has acquired Yi Mei Garden, a freehold residential site along Tampines Road, through a collective sale for S$136 million or S$856 psf ppr.The sale price also includes a development charge of over S$4 million and will be funded by internal...
Continue Reading • 18 Jun 2013
Rise in private new home sales
Sales of new private homes in Singapore rose 5 percent month-on-month during May 2013 according to the latest data released by the Urban Redevelopment Authority (URA).Last month a total of 1,455 private homes were sold – some 5 percent more than April’s totals but 15 percent less than...
Continue Reading • 17 Jun 2013
URA launches five sites, 3,600 homes
By Shabnam Muzammil:The Urban Redevelopment Authority (URA) will release three residential sites and two commercial and residential sites for sale this month, under the Government Land Sales Programme (GLS) for the first half of the year.The five land parcels are estimated to collectively yield...
Continue Reading • 17 Jun 2013
HDB awards tender for Fernvale Close site
By Shabnam Muzammil:The HDB has awarded the tender for a residential site at Fernvale Close (pictured) to a consortium comprising FCL Topaz, Far East Orchard and Sekisui House.Launched for tender on 15 April, the 14,930.5sq m site received a top bid of S$256.98 million or S$5,737.25 psm over its...
Continue Reading • 17 Jun 2013
Agent petition gathers support
By Andrew Batt:Almost 200 Singapore real estate agents have now signed an online petition to make the payment of GST mandatory on their deals.The petition to Council for Estate Agencies (CEA) President Greg Seow was launched on Friday by Jason Lim of Vestor Realty. Lim and other agents have...
Continue Reading • 17 Jun 2013
CEA petition gets strong support
By Andrew Batt:More than 115 Singapore real estate agents have signed a petition to the Council for Estate Agencies in just 24 hours, calling for the mandatory payment of GST on their transactions.On Friday PropertyGuru exclusively reported how Jason Lim of Vestor Realty had launched the online...
Continue Reading • 15 Jun 2013
Frustrated agent starts petition
By Andrew Batt:EXCLUSIVE: One Singapore real estate agent has launched an online petition in a bid to force consumers to pay the GST on their rental fees.Jason Lim of Vestor Realty is one of a growing number of Singapore real estate agents who are increasingly frustrated at having to absorb the...
Continue Reading • 14 Jun 2013
Tan's plans for Raimon Land
By Andrew Batt:A one-on-one interview over morning coffee at the Fullerton Hotel is certainly a nice way to get to know Johnson Tan, the new Singaporean Chief Executive Officer of one of Thailand’s high-end developers.Interest in Thai properties has been on the rise, but the deal which saw...
Continue Reading • 14 Jun 2013