Punggol EC site receives S$162.1m top bid
By Romesh Navaratnarajah: A 99-year leasehold site slated for executive condominium (EC) development at Punggol Field Walk/Punggol East (pictured) received the top bid of S$162.1 million from Sing Holdings when its public tender closed yesterday, said the Housing and Development Board (HDB). The...
Continue Reading • 7 Dec 2012
S'pore home prices to rise 8% by 2017: study
By Romesh Navaratnarajah:A number of analysts have predicted a drop in Singapore’s home prices due to a large supply of land coming onstream and tighter monetary policy from the US Federal Reserve. But a study by Credit Suisse that was reported in The Business Times predicts that prices...
Continue Reading • 7 Dec 2012
S'pore luxury home prices stabilise
By Romesh Navaratnarajah:Prices of upmarket homes in Singapore and China have now stabilised after a six-month decline, according to Jones Lang LaSalle’s (JLL) Q3 Residential Index.Buying interest helped to stabilise luxury home prices in Singapore, which picked up from correcting the last...
Continue Reading • 6 Dec 2012
Hotel style EC three times subscribed
By Romesh Navaratnarajah: CityLife@Tampines (pictured), a new executive condominium (EC) has received overwhelming response from buyers with over 1,600 e-applications for its units during the period of 29 November to 5 December.Marketed as Singapore’s first luxury hotel-style EC, the...
Continue Reading • 6 Dec 2012
TA Corp tapped to build Dairy Farm condo
By Romesh Navaratnarajah: Tiong Aik Construction, a wholly-owned unit of TA Corporation, has been awarded a construction contract to design and build a new condominium development at Dairy Farm Road, reported The Business Times.The S$116.7 million contract was awarded by Bukit Timah Green...
Continue Reading • 5 Dec 2012
Martin No.38 wins another accolade
By Romesh Navaratnarajah: The multi-award winning Martin No.38 by SC Global Developments has won the prestigious Presidents Design Award 2012, its fourth major award since completion earlier this year.Commenting on the award, Simon Cheong, Chairman and CEO of SC Global, said: “To receive...
Continue Reading • 5 Dec 2012
White site at Thomson Road receives 9 bids
By Romesh Navaratnarajah: A 6,676.8 sq m white site located at Thomson Road/Irrawaddy Road (pictured) attracted a total of nine bids with the highest offer at S$492.5 million when the public tender closed yesterday, according to the Urban Redevelopment Authority (URA). Offered on a 99-year lease,...
Continue Reading • 5 Dec 2012
Breather for developers of en bloc sites
By Romesh Navaratnarajah:Property developers will now have more time to finish developing residential sites that were acquired en bloc due to changes to the deadlines set by the government, reported The Business Times. Under new guidelines, developers will still adhere to the five-year deadline...
Continue Reading • 4 Dec 2012
CapitaLand awarded tender for Bishan site
By Romesh Navaratnarajah: A residential site at Bishan Street 14 (pictured) that was launched for public tender on 15 October has been awarded to Allamanda Residential Development, a unit of CapitaLand.The developer offered the highest bid of S$505.1 million for the 11,227.8 sq m site, beating...
Continue Reading • 4 Dec 2012
Condos that come with sky high facilities
By Romesh Navaratnarajah: True to its name, the Skies Miltonia condominium offers views of the sky and the surrounding lush landscape from its units, according to a release carried on AsiaOne. The views are what makes this development unique, especially for residents working out at the sky gym,...
Continue Reading • 3 Dec 2012
REDAS urges against further tightening measures
By Romesh Navaratnarajah: The government should allow the recent cooling measures in the public housing market to take their course, said Wong Heang Fine, President of the Real Estate Developers’ Association of Singapore (REDAS) and reported by The Business Times. In a speech given at...
Continue Reading • 3 Dec 2012
Bishan site receives 9 bids
By Romesh Navaratnarajah: Allamanda Residential Development, a unit of CapitaLand, has submitted the top bid of S$505.1 million for a housing site at Bishan Street 14 (pictured), according to the Housing and Development Board (HDB). The 11,227.8 sq m site could be developed into 645 residential...
Continue Reading • 30 Nov 2012
Riversails condo raises the bar
By Romesh Navaratnarajah: With many new projects springing up in the northeast, the Riversails condominium (pictured) in Upper Serangoon Crescent by developer Allgreen Properties is considered to have a competitive edge over similar developments in Punggol and Hougang.Comprising 12 buildings,...
Continue Reading • 29 Nov 2012
S'pore housing market slows down
By Romesh Navaratnarajah: Singapore’s residential property market performed weakly in Q3 2012, with the sales volume falling 11.7 and 26.7 percent in the primary and secondary markets respectively.According to a report from Jones Lang LaSalle (JLL), home sales in the prime market dropped 22...
Continue Reading • 28 Nov 2012
EC demand still hot
By Romesh Navaratnarajah: Executive condominiums (ECs) are arguably one of the most popular properties this year, underlined by strong demand for the latest new launches, reported The Straits Times. According to property experts, recent bids for EC sites underscore optimism for the...
Continue Reading • 27 Nov 2012
Seletar Hills EC to open for application
By Romesh Navaratnarajah: The Topiary (pictured), a new 700-unit executive condominium development along Fernvale Lane at Seletar Hills will open for E-Applications this Friday, with units expected to fetch S$700 to S$720 psf, according to The Business Times.The development comprises...
Continue Reading • 27 Nov 2012
Hao Yuan wins Pasir Ris EC tender
By Romesh Navaratnarajah: An executive condominium (EC) site at the junction of Pasir Ris Drive 3 and Pasir Ris Rise (pictured) has been awarded to highest bidder Hao Yuan Investment, said the Housing and Development Board (HDB).It offered the top bid of S$207 million during a public tender,...
Continue Reading • 27 Nov 2012
Pasir Ris EC site draws S$207m top bid
By Romesh Navaratnarajah:An executive condominium (EC) site at the junction of Pasir Ris Drive 3 and Pasir Ris Rise (pictured) attracted a total of 10 bids when the public tender closed yesterday, according to the Housing and Development Board (HDB). The top bid of S$207 million submitted by Hao...
Continue Reading • 23 Nov 2012
Private home sales predicted to drop in 2013
By Andrew Batt:The number of private home sales in Singapore could drop by more than 20 percent in 2013 after “spectacular” increases this year.David Neubronner, Head of Residential Project Sales for Jones Lang LaSalle (JLL), issued the warning this week, suggesting that the number of...
Continue Reading • 23 Nov 2012
Jurong Kechil site awarded to World Class
By Romesh Navaratnarajah: World Class Developments has secured the tender for a residential site (pictured) at Jalan Jurong Kechil from the Urban Redevelopment Authority (URA). Beating 22 other bidders, World Class submitted the highest offer of S$73.8 million or S$5,182.95 psm on the...
Continue Reading • 23 Nov 2012