Fernvale Close site attracts 9 bids
By Shabnam Muzammil:A residential site (pictured) at Fernvale Close received nine bids from developers when its tender closed yesterday, according to the HDB.Launched for public tender on 15 April, the 14,930.5 sq m site offers a maximum gross floor area (GFA) of 44,791.5 sq m and a gross plot...
Continue Reading • 14 Jun 2013
Gold award for ION Orchard
By Andrew Batt: Developer Sun Hung Kai Properties collected a prestigious gold Prix d'Excellence award for ION Orchard at the recent FIABCI (Federation Internationale des Administrateurs de Bien-Conselis Immobiliers) competition.ION Orchard was the only shopping centre to win at this year’s...
Continue Reading • 14 Jun 2013
Singapore buyers say bonjour to France
By Andrew Batt:French developer Pierre & Vacances declared itself happy with the response to its French property exhibition which took place in Singapore last weekend.In what was the first French property exhibition to exhibit in Singapore for more than two years, buyers and investors signed...
Continue Reading • 13 Jun 2013
UK house for sale - for free
By Andrew Batt:A house in South Wales could be become the cheapest home to be sold in the United Kingdom when it comes under the hammer next week with a guide price of £0.The freehold mid-terrace property in the former mining village of Nantymoel will be sold in Cardiff on June 20, however...
Continue Reading • 13 Jun 2013
High prices at new condo will test buyer demand: analysts
By Nikki De Guzman:J Gateway (pictured), an upcoming condo in Jurong East, is expected to sell units for as much as S$1,600 psf — a price that will test buyer demand for suburban homes, according to analysts.Developed by MCL Land, the 738-unit project is expected to sell a 474sq ft...
Continue Reading • 12 Jun 2013
Good response to FEO's Siena
By Andrew Batt:Far East Organization’s launch of its latest residential development was well received with 13 of the 30 units at The Siena being secured by buyers during last weekend’s debut.Located in Bukit Timah, The Siena, is the fifth project under the developer’s SOHO...
Continue Reading • 12 Jun 2013
Marina Bay units target Malaysian buyers
By Nikki De Guzman:Units at the 66-storey Marina Bay Suites (pictured) are reportedly being offered to Malaysian buyers at prices between S$6 million and S$10 million each.According to Thomas Tan, Head of Residential Marketing at Raffles Quay Asset Management (RQAM), the units are the last few...
Continue Reading • 11 Jun 2013
Asia Pacific property investments up 50.2%: C&W
By Nikki De Guzman:The Asia Pacific region saw investment volumes soar by 50.2 percent to US$109.8 billion (S$138.27 billion) in Q1 2013, due to growing investments in both core and emerging markets.According to the latest Capital Markets MarketBeat report by Cushman & Wakefield (C&W),...
Continue Reading • 11 Jun 2013
Global property prices up 6.6%
By Nikki De Guzman:Property prices rose globally, recording a 6.6 percent increase in the first quarter of 2013 - the highest increase since Q2 2010. According to the latest Knight Frank Global House Index, 63 percent of the housing markets posted an increase in mainstream property prices over...
Continue Reading • 11 Jun 2013
What drives student living decisions
By Andrew Batt:With a growing number of Singaporeans investing in student accommodation overseas, it’s important to get inside the mind of students and understand what drives their decision on where to live whilst studying.A leading UK student accommodation website -...
Continue Reading • 11 Jun 2013
Quiet time for overseas exhibitions
By Andrew Batt:Footfall at overseas property exhibitions in Singapore was down last weekend, although developers and agents were largely happy with sales levels.The impact of the school holidays saw fewer property buyers and investors splashing cash on overseas properties, with the number of...
Continue Reading • 11 Jun 2013
PropertyGuru holds agent seminar with Indian developer ATS
By Shabnam Muzammil:PropertyGuru will collaborate with Indian developer ATS for an exclusive seminar for real estate agents at the Hilton Hotel Singapore on 12 June. The event will provide an opportunity for agents to partner with one of India’s top developers, ATS, who will feature some of...
Continue Reading • 10 Jun 2013
EcoHouse refutes get rich quick claims
By Andrew Batt: EcoHouse, the developer behind what was Singapore’s most successful property investment in 2012, has reacted strongly to defend claims in a weekend newspaper article which cast doubt on the viability of its business. More than 1,500 Singapore-based investors are...
Continue Reading • 10 Jun 2013
Business as usual for Watch List firms
By Andrew Batt:It is business as usual for two property investment companies, Dolphin Capital Asia and Shenton Wealth Holdings, which were placed on the Monetary Authority of Singapore’s (MAS) Investor Alert list late last week for falsely claiming they were regulated by MAS.Both companies...
Continue Reading • 10 Jun 2013
Afiniti Residences units snapped up
By Nikki De Guzman:The 147-unit Afiniti Residences was sold out on the first day of its launch on Saturday, with more than 1,000 attendees participating in a balloting exercise for the residential project in Medini, Iskandar Malaysia.Singaporeans accounted for 25 percent of the buyers, while 72...
Continue Reading • 10 Jun 2013
Fatal accident at Novena Ville site
By Romesh Navaratnarajah:A serious accident occurred yesterday at the Novena Ville site along Thomson Road, which is being redeveloped by Fragrance Group into a four-storey residential and commercial property called Novena Regency. A Chinese Singaporean in his 50s was killed when the...
Continue Reading • 7 Jun 2013
Sentosa Cove houseboat on sale for $1.38m
By Nikki De Guzman:A rare houseboat (pictured) berthed at the luxury residential enclave of Sentosa Cove in Singapore is up for sale at an eye-popping price of S$1.38 million, or around S$460 psf.Measuring 3,000 sq ft, the boat is currently owned by a Singaporean couple and has been listed on...
Continue Reading • 7 Jun 2013
Australia a top destination for SEA house hunters
By Nikki De Guzman:Australia has emerged as the top destination of choice among the 1,282 respondents across Singapore, Malaysia, Thailand and Indonesia who are interested in buying property overseas, according to PropertyGuru’s Q2 Regional Property Affordability Survey. Three in every 10...
Continue Reading • 6 Jun 2013
PropertyGuru seminar draws crowds to Sennett Residence
By Romesh Navaratnarajah:PropertyGuru’s recent collaboration with Tuan Sing Holdings for a consumer seminar on Vesak Day has been a boon for the developer’s Sennett Residence, with a strong turnout from home buyers and healthy sales reported. “The turnout was very good,...
Continue Reading • 6 Jun 2013
Second-hand EC seeing strong demand
By Shabnam Muzammil:La Casa (pictured), a 444-unit executive condominium (EC) in Woodlands Drive 16, is reporting healthy interest from prospective buyers as some of its units near the five-year Minimum Occupation Period (MOP), The New Paper reported.Transactions have been brisk since February...
Continue Reading • 5 Jun 2013