43% hike in new private home sales
Last month’s property cooling measures failed to dampen new home sales in Singapore, with 2,013 private housing units sold in January, a 43 percent increase over the 1,410 sold in December 2012, according to data from the Urban Redevelopment Authority (URA).
Continue Reading • 18 Feb 2013
Property stocks up after strong sales data
By Nikki De Guzman: Despite the latest round of cooling measures which came into effect on January 12, the Urban Redevelopment Authority (URA) recorded 2,013 new private home sales last month, 43 percent more than the 1,410 units sold in December 2012. On Friday, shares of CapitaLand, Southeast...
Continue Reading • 18 Feb 2013
Far East is best-selling developer again
By Romesh Navaratnarajah: Far East Organization has topped the list of property developers in Singapore yet again for best sales figures last year at 2,181 private homes, or around 10 percent of the total number of 22,290 new units sold. Among its best-selling projects were The Hillier in...
Continue Reading • 14 Feb 2013
Seletar Hills residents unhappy over construction projects
By Nikki De Guzman:Residents of the Seletar Hills estate are seeing red over on-going construction and road works (pictured) taking place in their backyard.The residential estate located off Yio Chu Kang Road is home to mainly low-rise landed properties. With new condominium developments like The...
Continue Reading • 8 Feb 2013
Commonwealth Ave site awarded for S$562.8m
By Romesh Navaratnarajah: A residential site at Commonwealth Avenue (pictured) has been awarded to a consortium comprising Intrepid Investments, Verwood Holdings and Hong Realty, after the developer submitted the highest bid of S$562.8 million.Launched for sale on 18 December, the 130,101 sq ft...
Continue Reading • 8 Feb 2013
Luxury developer says no to offering discounts
By Shabnam Muzammil: Following the latest round of property cooling measures in Singapore, many developers have been offering “incentives” to buyers in the form of discounts to offset the stamp duty hike. But builders of super prime properties have resisted such sales tactics....
Continue Reading • 8 Feb 2013
Commonwealth Ave site attracts S$562.8m top bid
By Romesh Navaratnarajah: A residential site (pictured) at Commonwealth Avenue attracted just three bids when its public tender closed yesterday. Launched for sale on 18 December, the 99-year leasehold site has a land area of 130,101 sq ft and maximum gross floor area (GFA) of 637,496 sq ft. A...
Continue Reading • 6 Feb 2013
Luxury Sentosa villa up for grabs
By Romesh Navaratnarajah: A five-bedroom villa (pictured) at Kasara in the ultra-posh Sentosa Cove is up for sale at S$23 million or S$2,500 psf. Despite its high price tag, the 9,100 sq ft property is competitively priced compared to other luxury homes in the area and has been on the market for...
Continue Reading • 5 Feb 2013
Pulau Seringat the next Sentosa Cove?
By Romesh Navaratnarajah: Pulau Seringat (pictured) which forms part of Singapore’s southern islands has been zoned residential by the government under its new Land Use Plan, after being earmarked as a potential casino resort six years ago. Although some areas are still rustic, this tiny...
Continue Reading • 4 Feb 2013
90000 housing units over next few years
By Romesh Navaratnarajah: Singapore will get three new towns – Bidadari, Tampines North and Tengah – which are expected to provide 90,000 homes over the next few years, reported The Straits Times.The areas of Bukit Brown and Keppel could also be developed in the future, according to...
Continue Reading • 4 Feb 2013
Minimal movement in Singapore rents: Colliers
By Romesh Navaratnarajah: Rental movements across Singapore’s office, retail, industrial and residential segments are expected to be moderate this year, according to a report by Colliers International. Compared to 2012, rents of Grade A buildings are forecast to decline by five percent in...
Continue Reading • 4 Feb 2013
Asia cooling measures here to stay
By Andrew Batt: Property market cooling measures are here to stay according to predictions published this week by Colliers International.In its '21 predictions for 2013' White Paper, the consultancy highlighted that government measures that have recently been introduced to cool property markets...
Continue Reading • 1 Feb 2013
Auction buyers adopt wait-and-see stance
By Andrew Batt: There was little interest from buyers during the first Jones Lang LaSalle (JLL) property auction yesterday, although three offers were made for sellers’ consideration immediately after the event.Despite a healthy turnout of potential buyers, none of the eight properties to...
Continue Reading • 1 Feb 2013
HDB awards Yishun mixed-use site at S$212.1m
By Romesh Navaratnarajah: The Housing and Development Board (HDB) has awarded the tender for a mixed residential-commercial site (pictured) at Yishun Ring Road / Yishun Avenue 9 to CEL Property. Launched for sale on 27 November 2012, the 95,350 sq ft site has a maximum gross floor area of 266,980...
Continue Reading • 1 Feb 2013
URA awards Jurong site to MCL Land
By Romesh Navaratnarajah:The Urban Redevelopment Authority (URA) has awarded the tender for a non-landed residential site (pictured) at Jurong West Street 41 (Parcel A) to MCL Land (Prestige). Launched for sale on 15 November 2012, the 99-year leasehold site has a land area of 240,652 sq ft and a...
Continue Reading • 31 Jan 2013
Prime bungalows up for sale
By Romesh Navaratnarajah: Three freehold bungalows at Meyer Road, Holland Rise GCB Area and Dunearn Road have been put up for sale, said marketing agent Knight Frank.The Meyer Road property sits on approximately 25,525 sq ft of land and is expected to be sold “in the region of S$33 million...
Continue Reading • 31 Jan 2013
Condo prices fall 0.3% in Dec
By Romesh Navaratnarajah: Prices of condominiums and private apartments in Singapore fell 0.3 percent in December 2012 after climbing 1.7 percent in the previous month, according to flash estimates for the National University of Singapore’s (NUS) Singapore Residential Price Index (SRPI) and...
Continue Reading • 30 Jan 2013
S'pore rents still among highest in Asia
By Romesh Navaratnarajah: Singapore still has the third highest rents in Asia after Hong Kong and Tokyo, according to the latest accomodation data from human resources consultancy ECA International. Globally, the city-state is in eighth spot.For Singapore, the report focused on several thousand...
Continue Reading • 29 Jan 2013
Cooling measures fail to dampen bids for Jurong West site
By Romesh Navaratnarajah: The public tender for a residential site (pictured) at Jurong West Street 41 (Parcel A) closed today after attracting 12 bids, according to the Urban Redevelopment Authority (URA). Launched for sale on 15 November 2012, the 99-year leasehold site has a land area of...
Continue Reading • 29 Jan 2013
High demand for mixed-use projects
By Romesh Navaratnarajah: Projects offering a good mix of residential and retail components are sought-after by home buyers, particularly couples and young professionals, said Chia Boon Kuah, Chief Operating Officer for property sales at Far East Organization in a report by The Business Times.He...
Continue Reading • 28 Jan 2013