Sengkang site attracts top bid of S$383.3m
By Romesh Navaratnarajah:The Housing and Development Board (HDB) received a total of five bids for a residential site (pictured) at Sengkang Square / Compassvale Drive, with the top bid of S$383.3 million offered by EL Development Pte Ltd. Put up for tender on 16 April and slated for condo or...
Continue Reading • 1 Jun 2012
Peace Centre, Mansion put on the market
By Romesh Navaratnarajah: Colliers International has announced that strata-titled units in Peace Centre and Peace Mansion (pictured) have been put up for sale by Expression of Interest (EOI), giving interested parties an opportunity to co-own and manage the units located at 1 Sophia Road under a...
Continue Reading • 31 May 2012
Historic house in Singapore set to change hands
By Romesh Navaratnarajah: German fund manager Union Investment Real Estate AG is selling the House of Tan Yeok Nee (pictured) to private commercial-school operator ERC Holdings for more than S$60 million.According to a media report, Savills brokered the sale of the property through a private...
Continue Reading • 31 May 2012
Bidadari: One of many prime housing sites in the pipeline
By Romesh Navaratnarajah: Following the announcement that construction works on Bidadari new town will begin by year-end, developers are eyeing new opportunities at other prime residential sites in strategic locations. According to analysts, thousands of homes are in the pipeline over the next...
Continue Reading • 30 May 2012
Boon Lay Way site hotly contested, draws 12 bids
By Romesh Navaratnarajah: The tender for a residential site (pictured) at Boon Lay Way (Jurong Gateway) received a total of 12 bids, an indication that land sites in strategic locations can still yield record high offers. “The response by developers shows emphatically that a...
Continue Reading • 30 May 2012
Prices of private resale homes edge up
By Romesh Navaratnarajah: Private resale home prices in Singapore edged up last month, an indication that home buyers’ interest in the resale market remains healthy. According to the NUS Singapore Residential Price Index (SRPI), prices of resale homes climbed 0.8 percent in April after...
Continue Reading • 29 May 2012
NUS small apartment sub-index slips 1.2% in April
By Romesh Navaratnarajah: Prices of small apartments measuring up to 506 sq ft dipped slightly by 1.2 percent in April, according to the NUS Singapore Residential Price Index (SRPI). This is in sharp contrast to March, when the SRPI sub-index for small apartments saw a notable 2.7 percent rise...
Continue Reading • 29 May 2012
Several pricey pads sold
By Romesh Navaratnarajah: Several high-value properties have been sold recently, including a few Good Class Bungalows (GCBs) in the Chatsworth, Binjai Park and Third Avenue areas, as well as apartments at Paterson Suites (pictured) and TwentyOne Angullia Park.In the GCB segment, a freehold...
Continue Reading • 28 May 2012
Chinese no longer the top foreign property buyers in Singapore
By Romesh Navaratnarajah: Chinese buyers have lost out to Malaysians, who reclaimed top spot among foreigners buying Singapore properties despite the tough cooling measures introduced in December last year. A report by DTZ Research revealed that the Chinese, including permanent residents (PRs),...
Continue Reading • 28 May 2012
United Engineers launches 8 Riversuites condo
By Romesh Navaratnarajah: 8 Riversuites (pictured), a new condo development in Whampoa East was officially launched last Saturday by its developer United Engineers Limited. More than 200 units had already been sold during a private preview held earlier this month. Designed by Japanese architect...
Continue Reading • 28 May 2012
Boom in Malaysian property exhibitions
By Romesh Navaratnarajah: Malaysian properties are gaining in popularity among prospective buyers in Singapore, witnessed by the large number of property exhibitions being advertised in various newspapers today that are offering good investment opportunities. For instance, there’s...
Continue Reading • 25 May 2012
HDB dwellers drove demand for shoebox units in Q1
By Romesh Navaratnarajah: A huge 52 percent of total residential purchases in Singapore during the first quarter were for units sold between S$1,000 and S$1,500 psf, the first time such homes formed the bulk of sales. A new report from DTZ revealed that home sales in this price bracket have...
Continue Reading • 25 May 2012
Is The Grass Really Greener Overseas?
By Andrew Batt: More than 400 overseas property deals are being done in Singapore every month, and that number looks set to increase as more developers look to tap into the local penchant for property.No official data exists for the number of Singaporeans who are buying overseas property. The...
Continue Reading • 25 May 2012
Novena Ville sold in collective sale for S$131.5m
By Romesh Navaratnarajah: The Novena Ville (pictured) mixed-use development has been sold to Fragrance Realty Ltd, a wholly-owned subsidiary of Fragrance Group Ltd for S$131.5 million.Located along Thomson Road, the freehold project comprises 33 apartment units and 10 shop units. It occupies a...
Continue Reading • 25 May 2012
Farrer Drive site up for tender
By Romesh Navaratnarajah:A residential site at Farrer Drive (pictured) was launched for sale yesterday after a developer committed to bid a minimum price of S$88.89 million, said the Urban Redevelopment Authority (URA). The 99-year leasehold plot was made available for sale on 16 April 2012 under...
Continue Reading • 25 May 2012
Martin No. 38 hailed as 'Building of the Year'
By Romesh Navaratnarajah:SC Global’s warehouse-themed apartment development – Martin No. 38 (pictured) has clinched the prestigious Building of the Year Award and the top Design Award in the residential category at the Singapore Institute of Architects (SIA) Architectural Design...
Continue Reading • 24 May 2012
More redevelopment sites up for sale
By Romesh Navaratnarajah:Two residential sites located at Hillview Avenue and Amber Road have been put up for sale.The first plot at 63 Hillview Avenue measures 230,915 sq ft and has a gross plot ratio of 1.92. Indicative pricing for the site is S$330 million, which works out to S$925 psf ppr...
Continue Reading • 24 May 2012
Shoebox units "almost inhuman": CapitaLand CEO
By Romesh Navaratnarajah: Singapore should put restrictions on the rising number of shoebox units as they are “almost inhuman”, according to CapitaLand CEO Liew Mun Leong (pictured). “I am dead against shoebox developments,” he said in an article by Bloomberg. “The...
Continue Reading • 24 May 2012
Haus @ Serangoon Garden clinches BCA Green Mark Platinum award
By Cheryl Tay:In recognition of its green designs and technologies, Haus @ Serangoon Garden (pictured) has received the BCA Green Mark Platinum award, making history as the very first residential estate in the country to receive the honour.“This is a first time we have awarded the Green...
Continue Reading • 23 May 2012
Tampines Ave 10 site awarded for S$252.78m
By Romesh Navaratnarajah: The tender for a residential site (pictured) at Tampines Avenue 10 (Parcel A) has been awarded to a consortium comprising F.E. Lakeside Ltd, FCL Topaz Ltd and Sekisui House Ltd.It submitted the highest bid of S$252.78 million, which works out to around S$417.86 psf...
Continue Reading • 22 May 2012