Home buyers put off by Ghost Month
By Romesh Navaratnarajah: Despite earlier media reports stating that sales at property launches were unaffected by the Hungry Ghost Festival, data from the Urban Redevelopment Authority (URA) showed that 1,421 new homes were sold in the month of August, 27 percent down month-on-month (m/m) from...
Continue Reading • 19 Sep 2012
12 HUDC estates privatised, a handful to go
By Romesh Navaratnarajah:12 of the 18 HUDC estates in Singapore have already been privatised with five estates still in the process of privatisation, according to The Straits Times. The 12 estates include Amberville, Chancery Court, Eunosville, Farrer Court, Gillman Heights, Ivory Heights,...
Continue Reading • 19 Sep 2012
Over 1000 DBSS units left unsold
By Romesh Navaratnarajah:Following the suspension of the Design Build and Sell Scheme (DBSS) last year, more than 1,000 flats have been left unsold as buyers turn to Build-to-Order (BTO) flats, reported The Straits Times. The slowdown in demand for pricier DBSS units was attributed to the surge...
Continue Reading • 19 Sep 2012
Uncompleted home prices dip over ABSD: Knight Frank
By Romesh Navaratnarajah:The overall property price index grew 0.4 percent in Q2 2012 following a 0.1 percent decline in Q1, according to data from the Urban Redevelopment Authority (URA). This was mainly attributed to strong recovery of completed non-landed property prices, which was up 2.3...
Continue Reading • 19 Sep 2012
Green Lodge sold en bloc for S$191.888m
By Romesh Navaratnarajah: Green Lodge (pictured) at Toh Tuck Road has been sold for S$191.888 million, becoming the biggest en bloc sale so far this year, according to The Business Times. Located off Jalan Jurong Kechil in Upper Bukit Timah, the property has a land area of 151,075 sq ft and could...
Continue Reading • 19 Sep 2012
S'pore property market set to heat up
By Romesh Navaratnarajah:Singapore could introduce a new round of property measures to curb home prices following the US government’s third round of quantitative easing (QE3) that is expected to drive a fresh wave of capital into the city-state, according to The Business Times. The decision...
Continue Reading • 19 Sep 2012
Elderly couple fight over pricey bungalow
By Romesh Navaratnarajah:A couple in their 80s are now battling in court for the rights to a bungalow worth S$20 million at Chancery Lane, according to an AsiaOne report. The 85-year old husband, Mr See Fong Mun and his wife, 88-year old Madam Chan Yuen Lan, bought the house in 1983 under Madam...
Continue Reading • 19 Sep 2012
Heron Bay response overwhelming
By Romesh Navaratnarajah:The newly-launched Heron Bay (pictured) has seen overwhelming response from buyers, with over 700 e-applications for its 394 units on day one alone, reported The Straits Times. The executive condominium (EC) development in Upper Serangoon was launched this past Sunday and...
Continue Reading • 19 Sep 2012
Dairy Farm site attracts 9 bids
By Romesh Navaratnarajah:The tender for a residential site (pictured) at Dairy Farm Road closed yesterday with a top bid of S$244.318 million from a consortium comprising First Shine Properties and Meadows Bright Development, according to the Urban Redevelopment Authority (URA). Launched...
Continue Reading • 19 Sep 2012
40 units sold at Leedon Residence
By Romesh Navaratnarajah:Around 40 units or 10 percent of the 381-unit freehold Leedon Residence condominium project (pictured) have been sold, according to Singapore-listed developer GuocoLand.Located at the Holland Road area, the development had a private preview in mid-August with 70 units...
Continue Reading • 13 Sep 2012
Singapore home prices record slight increase
By Romesh Navaratnarajah: Singapore is among a list of major global cities that recorded residential price increases in 1H2012, according to the Savills’ World Cities Review. The city-state’s housing market saw a price uptick of 1.5 percent in 1H2012, compared to 3.6 percent over the...
Continue Reading • 11 Sep 2012
Sage at Nassim gets highest CONQUAS rating
By Romesh Navaratnarajah:Hong Leong Holding’s Sage at Nassim project (pictured) has received the Highest Construction Quality Assessment System (CONQUAS) score to date across the private housing category. Betsy Chng, Head of Sales and Marketing, said: “Hong Leong Holdings has always...
Continue Reading • 10 Sep 2012
Mount Elizabeth apartment sold en bloc for S$92.2m
By Romesh Navaratnarajah: Chateau Eliza (pictured), a 37-unit freehold residential development located at Mount Elizabeth, has been sold en bloc to Newfort Realty for S$92.2 million.The project was sold on its third attempt and is Singapore’s 20th successful collective sale deal this year....
Continue Reading • 10 Sep 2012
URA awards tender for Yishun, Tai Thong sites
By Romesh Navaratnarajah: The Urban Redevelopment Authority (URA) has awarded the tenders for an industrial site at Yishun Avenue 9 (Parcel 5) and a residential with 1st storey commercial site (pictured) at Tai Thong Crescent (Parcel C) to Soon Hock Tuas Development and Verwood Holdings /...
Continue Reading • 10 Sep 2012
Thomson View sale rakes in whopping S$590m
By Romesh Navaratnarajah: After two unsuccessful attempts to go en bloc, Thomson View Condominium (pictured) was finally sold for S$590 million on its third attempt to a consortium led by Wee Hur Development and Lucrum Capital. The sale includes an estimated S$107 million premium to enhance the...
Continue Reading • 7 Sep 2012
Punggol EC site sold amid dull demand
By Romesh Navaratnarajah: Qingjian Realty (South Pacific) Group was awarded the tender for a residential site (pictured) at Punggol Way/Punggol Walk after submitting the top bid of S$189.87 million, according to the Housing and Development Board (HDB).Slated for executive condominium (EC)...
Continue Reading • 7 Sep 2012
Tai Thong Crescent site fetches top bid of S$245m
By Romesh Navaratnarajah: The Urban Redevelopment Authority (URA) closed the tender for a residential with 1st storey commercial site (pictured) at Tai Thong Crescent (Parcel C) yesterday, with a total of eight bids received. The highest offer of S$245 million came from Verwood Holdings and...
Continue Reading • 7 Sep 2012
2 reserve list sites triggered for tender
By Romesh Navaratnarajah: Two reserve list sites will be launched for sale after developers committed minimum bids that are acceptable to the Urban Redevelopment Authority (URA). Located at Jalan Jurong Kechil, the first site is zoned residential and has a land area of 1.02-ha and gross floor...
Continue Reading • 6 Sep 2012
Asian housing markets heading down
By Romesh Navaratnarajah: Asia’s residential markets are now feeling the effects of the global economic slowdown, according to research done by Global Property Guide.In a statement, the consumer portal noted that Singapore’s housing prices dipped 3.28 percent year-on-year in Q2 2012...
Continue Reading • 5 Sep 2012
Ghost Month fails to scare off keen buyers
By Romesh Navaratnarajah: The traditionally inauspicious Hungry Ghost Festival has not hindered sales at new condominium launches these past two weeks, according to property analysts. Although buyers usually delay purchasing properties till the end of the festival, developers have been recording...
Continue Reading • 5 Sep 2012