ASEAN property to get even hotter: report
By Nikki De Guzman:In line with ASEAN economic integration by 2015, the region’s real estate markets, especially the commercial sector, are expected to see increased demand, according to a new report by Jones Lang LaSalle.Released in conjunction with the 2013 World Economic Forum East Asia...
Continue Reading • 5 Jun 2013
A strong weekend for new project sales
By Shabnam Muzammil:Newly launched residential and commercial property developments recorded strong interest from buyers over the weekend, helped by good location and prices, reported The Straits Times.“Buyers are interested to look at residential projects that have good location...
Continue Reading • 5 Jun 2013
Bungalow market thaws
By Nikki De Guzman:The freezing Good Class Bungalow (GCB) market seems to be thawing with a few sizeable deals done lately, reported The Business Times. For instance, SC Global founder Simon Cheong is selling his mansion at Cornwall Gardens for S$42.5 million or S$2,051 psf based on the...
Continue Reading • 5 Jun 2013
Stevens Suites almost sold out
By Nikki De Guzman:Stevens Suites (pictured), a resort-style boutique residence in District 10, is nearly sold out as 27 of its 32 units have been taken up.Around 60 percent of the buyers are Singaporeans and the rest foreigners. Slated for completion in December 2014, units at the freehold...
Continue Reading • 4 Jun 2013
Strong sales at Jewel @ Buangkok preview
By Nikki De Guzman:The 616-unit Jewel @ Buangkok saw buyers for 203 of the 280 units released at its preview over the weekend.Developed by City Developments Limited (CDL), the condominium project comprises of one- to five-bedroom apartments, dual-key units and penthouses within 15- to 17-storey...
Continue Reading • 4 Jun 2013
Govt H2 land sales sees mixed views
By Shabnam Muzammil:Real estate consultants polled by The Business Times gave different views on the Government Land Sales (GLS) Programme for the second half of 2013.Some expect the Ministry of National Development (MND) to maintain the same quantum of land for private housing projects,...
Continue Reading • 3 Jun 2013
Anchorvale EC site awarded to Qingjian
By Shabnam Muzammil:The Housing and Development Board (HDB) has awarded an executive condominium (EC) site at Anchorvale Crescent (pictured) to Qingjian Realty (South Pacific) Group after the developer submitted the highest bid of S$245.6 million.Launched for tender on April 15, the 247,570 sq ft...
Continue Reading • 3 Jun 2013
Anchorvale EC site draws $245m top bid
By Romesh Navaratnarajah:An executive condominium (EC) site at Anchorvale Crescent (pictured) attracted healthy interest with six bidders when the tender closed yesterday, said the Housing and Development Board.Launched for sale on April 15, the land parcel has an area of 247,570 sq ft and a...
Continue Reading • 3 Jun 2013
Attractive agents sell more homes
By Andrew Batt:A new study has revealed that attractive real estate agents sell more properties and achieve at higher prices.The authors of the report asked 402 people to score real estate agents in the United States on a scale of 1 to 10, from very unattractive to very attractive. Property...
Continue Reading • 3 Jun 2013
2 condo units at Corals sold for over $10m each
By Romesh Navaratnarajah:Corals at Keppel Bay (pictured) saw two condominium units sold for over S$10 million each to family members of Koh Lim Wen Gin, an independent director of Keppel Land and former chief planner at the Urban Redevelopment Authority (URA), reported The Straits Times....
Continue Reading • 31 May 2013
Private home sales to fall in 2013, says report
By Romesh Navaratnarajah:Primary private home sales this year will moderate to between 15,000 and 18,000 units from last year’s 22,197, according to DTZ Research.But total developer sales could still be higher than the 15,000 to 16,000 units sold in 2010 and 2011, as developers try to...
Continue Reading • 30 May 2013
Metro Holdings to launch condominium project
By Nikki De Guzman:Property and retail group Metro Holdings will launch its first residential project in Singapore in nearly two decades later this year, reported The Straits Times. According to its chairman Winston Choo, the condo development will be jointly developed with Wing Tai and UE...
Continue Reading • 30 May 2013
Aviva predicts positive growth for Asia Pacific property
By Romesh Navaratnarajah:While the Asia Pacific region will likely see an economic recovery this year, investors need to be cautious over possible external shocks from Europe and the US, according to global asset management firm Aviva Investors.“For 2013, investors can expect an improvement...
Continue Reading • 30 May 2013
Impact of cooling measures still unclear: report
By Romesh Navaratnarajah:It remains unclear whether the government’s seventh round of cooling measures have achieved its desired result of mitigating home price inflation, said a report from the National University of Singapore’s Institute of Real Estate Studies.This is based on its...
Continue Reading • 29 May 2013
Hillview Peak the next hot property
By Nikki De Guzman:The 512-unit Hillview Peak condominium (pictured) recently launched by Kingsford Development is expected to draw buyers and investors looking for a property in the prestigious yet quiet Hillview area.The 99-year leasehold project comprises units of up to four-bedrooms and comes...
Continue Reading • 28 May 2013
Singapore projects win Gold awards
By Shabnam Muzammil:Several developments in Singapore were recognised at the prestigious FIABCI Prix d’Excellence Awards 2013 held in Taiwan.Reflections at Keppel Bay by developer Keppel Land was a gold winner under the Residential (High Rise) category.Sandy Island, the first luxury...
Continue Reading • 28 May 2013
Historic building up for sale by tender
By Shabnam Muzammil:The House of Tan Yeok Nee (pictured), a freehold commercial property listed as a National Monument by Singapore’s Preservations of Monument Board, has been put up for sale by tender, according to marketing agent Jones Lang LaSalle.Located at the corner of Penang Road and...
Continue Reading • 28 May 2013
S'poreans outpace foreigners in private homes market
By Shabnam Muzammil:Private home sales involving Singaporean buyers rose in April compared to deals made by foreigners including permanent residents (PRs).Notably, 1,528 caveats were lodged by Singaporeans for private home purchases, a 62 percent increase from March while 405 were lodged by...
Continue Reading • 27 May 2013
CDL unveils new condo in Sengkang
By Romesh Navaratnarajah:Offering excellent connectivity and proximity to nature, District 19 which comprises the estates of Hougang, Punggol, Sengkang and Serangoon is expected to remain a popular locale among property seekers, with steady demand for good-value residential projects.“With...
Continue Reading • 27 May 2013
8 Napier bags design award in Hong Kong
By Shabnam Muzammil:The 46-unit residential development 8 Napier (pictured) along Napier Road in Singapore has won the Merit Award in the overseas category at the Hong Kong Institute of Architect (HKIA) Annual Awards.Designed by architectural firm Aedas, the project comprises a 10-storey...
Continue Reading • 23 May 2013