Far East launches condo with Ferrari design
By Shabnam Muzammil:Property developer Far East Organization yesterday launched a new ultra-luxury condominium development under its Inessence brand, releasing 30 of the 104 available units with prices starting from S$2.3 million.Located at 1 Leonie Hill, Ferra (pictured) is the first residential...
Continue Reading • 2 May 2013
Tanjong Pagar: The next new hotspot
By Shabnam Muzammil:Tanjong Pagar is quickly becoming a popular and vibrant destination for swanky boutique hotels, creative office spaces and award-winning celebrity restaurants, according to Savills Singapore.With many new residential projects such as Eon Shenton and Pinnacle@Duxton, the area...
Continue Reading • 2 May 2013
Non-landed private home prices up 0.9% last month
By Romesh Navaratnarajah:Prices of completed non-landed private homes rose 0.9 percent in March after a 1.2 percent decline in February, according to the NUS Singapore Residential Price Index (SRPI).The uptrend was primarily due to the 2.2 percent increase in the sub-index for the Central Region...
Continue Reading • 30 Apr 2013
Owners of private non-landed homes profit from resales
By Shabnam Muzammil:Owners of non-landed private homes earned a gross profit of S$107 million from quick resales over the five quarters of Q1 2012 to Q1 2013, according to a report from OrangeTee. It stated that high home prices contributed largely to the profit in this segment, adding that...
Continue Reading • 30 Apr 2013
12 residential units sold at Capitol project
By Nikki De Guzman:The Capitol Investment Holdings consortium has sold 12 of the 39 residential units in its S$750 million Capitol project (pictured), reported The Business Times. Units were sold at an average price of S$3,000 psf.Located at the junction of Stamford and North Bridge roads, the...
Continue Reading • 30 Apr 2013
Private home prices up 0.6%
By Romesh Navaratnarajah:Private home prices increased 0.6 percent in the first quarter of 2013, down from the 1.8 percent growth seen previously, according to data released today by the Urban Redevelopment Authority (URA).Growth in non-landed home prices eased across all three market segments...
Continue Reading • 26 Apr 2013
Asian property equities on the up: report
By Nikki De Guzman:With growth taking place due to Japan's property policy changes, Asian property equities rose +9.8 percent at the end of Q1 2013, according to a report from Henderson Global Investors.Japanese REITS posted a return of +36.2 percent in Q1 2013 and are still offering a dividend...
Continue Reading • 25 Apr 2013
Resale EC prices up 25.7% since end 2010
By Romesh Navaratnarajah:Prices of resale executive condominiums (ECs) rose in tandem with private condos and even surpassed new ECs, said Jones Lang LaSalle (JLL). ECs were introduced in 1996 catering to buyers who found private homes too expensive. While they were priced affordably...
Continue Reading • 25 Apr 2013
Six projects that pushed up Q1 home sales
By Romesh Navaratnarajah:Close to 75 percent of all private homes launched in the first quarter of 2013 came from six popular 99-year leasehold condominium projects in the Outside Central Region (OCR) or 67.9 percent of all units sold, said Colliers International. They include the 630-unit Q...
Continue Reading • 25 Apr 2013
Developer unveils new eco-friendly showflat
By Nikki De Guzman:Property firm Santarli yesterday unveiled an eco-friendly and innovative showflat called the Portable Modular Showsuite (pictured) on the site of its new Sant Ritz project in Upper Serangoon. Inspired by portable weatherboard farmhouses that can be pre-constructed and...
Continue Reading • 25 Apr 2013
SingHaiyi to launch new residential project
By Romesh Navaratnarajah:Singapore-listed developer SingHaiyi Group plans to launch a freehold 17-storey residential project along Balestier Road on 1 May. Called COSMOLOFT (pictured), the new tower comprises 52 loft apartments ranging from 452 to 527 sq ft and four penthouses from 980 to...
Continue Reading • 25 Apr 2013
Versailles condo up for collective sale
By Nikki De Guzman:The freehold Versailles (pictured), a 55-unit residential development has been launched for collective sale, according to Jones Lang LaSalle (JLL).Located near the Paya Lebar and Dakota MRT stations, the property has a land area of around 53,073 sq ft and potential gross floor...
Continue Reading • 25 Apr 2013
Kim Tian Road site awarded to Harvestland Development
By Shabnam Muzammil:The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Kim Tian Road (pictured) to Harvestland Development, after the company submitted the highest bid of S$550.28 million or S$12,517 psm.Offered on a 99-year lease term, the land parcel has...
Continue Reading • 24 Apr 2013
Private home sales in Q1 sets new record: report
By Nikki De Guzman:2,793 units were sold in March, nearly four times more than the 712 units snapped up in February, according to Knight Frank’s residential bulletin for Q1 2013. It also set a new record-high, surpassing the previous peak of 2,772 units in July 2009.The overall new sales...
Continue Reading • 24 Apr 2013
Foreign interest up for private property
By Shabnam Muzammil:Foreign demand for private homes in Singapore increased 40 percent with 523 units purchased during the first quarter of 2013 compared to the 373 sold during the same period last year, although the figures are still below levels seen before the introduction of the additional...
Continue Reading • 23 Apr 2013
Buyers snap up 44 units at Novena Regency
By Nikki De Guzman:Novena Regency (pictured), a new mixed-use development along Thomson Road has sold 44 residential and retail units within a week of its launch on 13 April, reported The Straits Times. Developed by Fragrance Realty, 72 units were released initially. The city fringe location and...
Continue Reading • 23 Apr 2013
Woodlands EC project oversubscribed 2.3 times
By Nikki De Guzman:Twin Fountains, a new executive condominium (EC) jointly developed by Frasers Centrepoint and Lum Chang, has received overwhelming response from buyers, with over 963 applications at the end of the e-application process yesterday. This means the project was 2.3 times...
Continue Reading • 22 Apr 2013
APEC warns against property bubble
By Nikki De Guzman:The Asia Pacific Economic Cooperation (APEC) Policy Support Unit is urging regional policymakers to implement measures to prevent asset bubbles as home and stock prices increased in some of its member countries due to speculative buying, its research arm said.“There are...
Continue Reading • 19 Apr 2013
Kim Tian Road site draws 11 bids
By Nikki De Guzman:The tender for a residential site (pictured) at Kim Tian Road closed yesterday with a total of 11 bids received, according to the Urban Redevelopment Authority (URA).Launched for sale on 28 February, the 99-year leasehold site has a land area of 10,990.6 sq m and a maximum...
Continue Reading • 19 Apr 2013
Michaels' Residences to launch 40 more houses
By Nikki De Guzman:40 more housing units will be launched at Michaels' Residences, a 99-year leasehold landed project in the Chestnut area along Upper Bukit Timah. Eight homes had earlier been released at the end of last year. Developed by B+M Avenue, Michaels' Residences sits on a 12,893 sq m...
Continue Reading • 18 Apr 2013