PropertyGuru launches Luxury Gallery
By Romesh Navaratnarajah:PropertyGuru, Asia’s leading property portal, has joined forces with Singapore developer Far East Organization to launch an online gallery showcasing some of the most luxurious residential developments in Singapore.Catering mainly to affluent buyers and investors,...
Continue Reading • 18 Apr 2013
Property investment market still upbeat despite 33% drop
By Shabnam Muzammil:Investment sales for property in Singapore fell to S$5.4 billion in Q1 2013, down 33 percent from the previous quarter due to a decline in private and public sector real estate activity. However, the figure was still 15.6 percent higher than investment deals recorded in Q1...
Continue Reading • 16 Apr 2013
More pricey homes for sale in Nassim
By Romesh Navaratnarajah:A week after a bungalow in Nassim Road made headlines for its record-breaking asking price of S$300 million; six freehold properties in the same swanky district are up for sale by an expression of interest process. The homes at 8 Nassim Hill are being sold for S$58...
Continue Reading • 16 Apr 2013
HDB, URA to release 4 sites for sale
By Romesh Navaratnarajah: The HDB and URA will release four residential sites this month that will yield approximately 1,800 units under the Government Land Sales (GLS) Programme for 1H2013. An executive condominium (EC) site at Anchorvale Crescent and two residential plots at Faber Walk and...
Continue Reading • 15 Apr 2013
S'pore property sales rebound, helped by discounts
By Romesh Navaratnarajah: New private home sales for the month of March reached 2,793 units - an almost 300 percent increase month-on-month and 17 percent more than in March last year, according to data released by the Urban Redevelopment Authority (URA). Including executive condominiums (ECs),...
Continue Reading • 15 Apr 2013
Riverside condo launching soon
By Shabnam Muzammil:Green Bay, a subsidiary of Allgreen Properties is set to launch RiverBay (pictured), a new 999-year leasehold development at 23 Mar Thoma Road in District 12. “In addition to commanding a central location and the excellent connectivity that has sprouted up in this mature...
Continue Reading • 15 Apr 2013
HDB awards tender for Sengkang residential site
By Romesh Navaratnarajah:The Housing and Development Board (HDB) has awarded the tender for a site at Sengkang West Way (pictured) to Secure Development, which submitted the top bid of S$262.1 million.Launched for sale on 28 February, the 99-year leasehold site attracted eight bidders and is...
Continue Reading • 15 Apr 2013
Sengkang residential site draws S$262.1m top bid
By Nikki De Guzman:A 99-year leasehold site (pictured) at Sengkang West Way has attracted a total of eight bids, with Secure Development submitting the highest offer of S$262.1 million or S$5,262 psm. Launched for sale on 28 February, the 16,603.90 sq m land parcel has a maximum gross floor area...
Continue Reading • 12 Apr 2013
Home prices up despite new cooling measures
By Romesh Navaratnarajah: Despite the recent cooling measures, private home prices moved up quarter-on-quarter in Q1 2013, according to a DTZ report.The consultancy revealed that price growth for the first quarter was stronger compared to the same period in 2012 following the first round of...
Continue Reading • 11 Apr 2013
Woodlands EC receives 155 applications
By Nikki De Guzman:Frasers Centrepoint's Twin Fountains executive condominium (pictured) in Woodlands saw strong buyer interest at its launch yesterday, drawing 155 e-applications as of 5pm, reported The Straits Times.Notably, 31 percent of the applicants were first-time home buyers. Steven Tan,...
Continue Reading • 11 Apr 2013
Property investment in S'pore off to slow start
By Nikki De Guzman:Singapore's property investment market had a weak start to the year with the sales volume recording its second straight quarterly decline, noted a report from Colliers International.Overall, property investment sales slumped 27.5 percent to S$7.11 billion in Q1 2013, following...
Continue Reading • 11 Apr 2013
Mixed-use developments gaining popularity
By Nikki De Guzman:Several mixed-use projects are coming onto the market in response to greater demand among younger consumers wanting to have their homes near to shops, according to real estate agents and reported The Straits Times. Among the upcoming projects is The Midtown and Midtown...
Continue Reading • 10 Apr 2013
Wing Tai chief selling home for $300m
By Romesh Navaratnarajah: A massive property (pictured) in the posh Nassim Road enclave is set to become Singapore's largest bungalow sale if transacted for the record price of S$300 million. "The sale would set a new price benchmark and result in the largest deal for a single Good...
Continue Reading • 10 Apr 2013
Frasers Centrepoint launches first EC for 2013
By Nikki De Guzman:Banking on the success of Esparina Residences in Sengkang and Twin Waterfalls in Punggol, Frasers Centrepoint launched today Twin Fountains (pictured), an executive condominium (EC) project at the junction of Woodlands Avenue 6 and Woodlands Drive 16.The first EC unveiled in...
Continue Reading • 10 Apr 2013
Jade Residences records brisk take-up
By Shabnam Muzammil:Jade Residences (pictured) recorded fast deals, with almost 60 units taken up on the first day of sales last week, reported The Straits Times.According to Teo Hong Lim, Executive Chairman at Roxy-Pacific Holdings, the five-storey freehold condo will feature 171 apartments and...
Continue Reading • 8 Apr 2013
New seminar on investing in commercial property
By Romesh Navaratnarajah:Commercial property expert CommercialGuru has joined forces with Far East Organization to organise a talk on the benefits of investing in commercial properties. The talk will be held tomorrow at SBFC’s sales gallery along Choon Guan Street opposite Tanjong...
Continue Reading • 5 Apr 2013
Condo units at Hamilton Scotts fully sold
By Shabnam Muzammil:Luxury developer KOP Properties has entered into an agreement to sell the remaining units at Hamilton Scotts through a share purchase by Reignwood Holding.“Reignwood is a multinational enterprise with investments in key industries including consumer goods, health &...
Continue Reading • 5 Apr 2013
Global prime residential rents up 5.1%
By Nikki De Guzman:Prime residential rents in key global cities increased 5.1 percent last year compared to 3.5 percent in 2011, according to a report from Knight Frank. This was a result of potential purchasers shifting to rental accomodation, supported by the strict mortgage market along with...
Continue Reading • 3 Apr 2013
Rising capital flows into property: report
By Shabnam Muzammil:Despite low projections for the global economy and property market, new capital available for direct real estate investment rose three percent to US$320 billion (S$397.5 billion) compared to US$311 billion (S$386.3 billion) six months ago, said a DTZ report.Growth in available...
Continue Reading • 2 Apr 2013
Singapore auction market has strong start
By Nikki De Guzman:Singapore's property auction market began the year on a high note despite the recent cooling measures introduced in the residential sector.According to Colliers International, the auction market recorded a total sales value of S$76.08 million in Q1 2013, up 21.8 percent...
Continue Reading • 2 Apr 2013