Property Market Latest News

By Romesh Navaratnarajah:A two-storey bungalow located at Ocean Drive in Sentosa Cove (pictured) has been put up for sale at a whopping price of S$108 million, which works out to around S$9,000 psf. Multiple listings of the 103-year leasehold property were listed on PropertyGuru in the past...

Continue Reading • 3 May 2012

By Romesh Navaratnarajah:Data for Q1 2012 released last week by the Urban Redevelopment Authority (URA) showed that residential property prices in Singapore dropped for the first time since Q2 2009, recording a 0.1 percent slip. This is in contrast to the 0.2 percent rise seen in the previous...

Continue Reading • 2 May 2012

By Romesh Navaratnarajah:A 1.2-ha residential site (pictured) at Boon Lay Way (Jurong Gateway) was launched for public tender on Monday by the Urban Redevelopment Authority (URA). The site, which can yield around 590 housing units, has a maximum permissible GFA (gross floor area) of 48,670 sq m....

Continue Reading • 2 May 2012

By Romesh Navaratnarajah:After the Urban Redevelopment Authority (URA) released data on supply and demand in the private property market, several consultants are now changing their views from an oversupply to a potential shortage, especially in the Outside Central Region (OCR). While official...

Continue Reading • 30 Apr 2012

By Romesh Navaratnarajah: The highly-anticipated Marina South development (pictured) by M+S Pte Ltd has clinched three awards at the prestigious Asia Pacific Property Awards 2012 for Best Mixed-use Development, Best Mixed-use Architecture and Best High Rise Architecture.The event is part of the...

Continue Reading • 30 Apr 2012

By Romesh Navaratnarajah:Over 80 of the 120 units released at Far East Organization’s SeaHill project (pictured) were snapped up during the first day of its preview last Friday, at an average price of S$1,300 psf. SeaHill is a multi-component luxury residential and hospitality development...

Continue Reading • 30 Apr 2012

By Romesh Navaratnarajah:Property investors looking at Australia, and in particular Melbourne, can attend a pre-launch viewing of the prestigious Studio Nine Richmond (site pictured), taking place this Saturday and Sunday at Jalin Realty International's office at International Plaza from 12pm to...

Continue Reading • 27 Apr 2012

By Romesh Navaratnarajah: Property developer SingXpress Land has unveiling its latest DBSS (Design, Build and Sell Scheme) project called Pasir Ris One (pictured), offering 447 units spread across four 13- and 14-storey blocks.“Pasir Ris One stands out for its emphasis on design which is...

Continue Reading • 27 Apr 2012

By Romesh Navaratnarajah:MCC Land is launching the 665-unit 1 Canberra executive condo (EC) located along Yishun Drive today.  Units at the 99-year leasehold project (pictured) are likely to be priced between S$680 psf to S$720 psf, which experts feel is reasonable. 1 Canberra comprises...

Continue Reading • 27 Apr 2012

By Romesh Navaratnarajah:Latest data from the Urban Redevelopment Authority (URA) shows that private home prices declined marginally by 0.1 percent in Q1 2012 compared to the 0.2 percent rise seen in the last three months of 2011. This marks the first quarterly decline since Q2 2009 when prices...

Continue Reading • 27 Apr 2012

By Romesh Navaratnarajah:Jade Towers (pictured), a residential development located along Lew Lian Vale in Upper Serangoon Road, has been sold to Roxy Residential Pte Ltd, a wholly-owned subsidiary of Roxy Pacific Limited for S$106.272 million or S$807 psf ppr.Marketing agent Savills Singapore...

Continue Reading • 27 Apr 2012

By Romesh Navaratnarajah:Sales of private resale homes rose in the month of March but were overshadowed by bleak figures in the first two months of the year and overall Q1 numbers.  Analysis by property consultancy Savills revealed that resale volumes in March hit pre-ABSD levels. Although...

Continue Reading • 26 Apr 2012

By Romesh Navaratnarajah:More residential projects will receive the Construction Excellence Award by the Building & Construction Authority (BCA) this year, which recognises developments with the highest standard of construction excellence in Singapore. A total of 10 awards and seven...

Continue Reading • 26 Apr 2012

By Romesh Navaratnarajah:The 416-unit Watercolours executive condominium (EC) at Pasir Ris (pictured) will be open for applications beginning Tuesday 1st May.Comprising four towers, Watercolours offers 280 three-bedroom units from 915 sq ft; 62 four-bedders with dual-key layout from 1,238 sq ft;...

Continue Reading • 26 Apr 2012

By Romesh Navaratnarajah:Novena Ville (pictured), a 43-unit freehold mixed development in District 11, has been launched for en bloc sale with an indicative price of between S$125 million and S$135 million.Based on a gross plot ratio of 1.4, this works out to a land price of between S$1,748 psf...

Continue Reading • 26 Apr 2012

By Romesh Navaratnarajah: A new DBSS project dubbed Pasir Ris One (pictured), comprising 447 flats, will be launched at Pasir Ris on Friday.The project, which will be developed by SingXpress KayLim Pte Ltd, will include three- to five-bedroom units.Located along Pasir Ris Drive 1 and Pasir...

Continue Reading • 26 Apr 2012

By Romesh Navaratnarajah:Prices of several private property projects launched recently in the Outside Central Region (OCR) have been higher than average, with many such units being sold for more than S$1,000 psf - a new record. Amidst this growing trend, more home buyers are now on the lookout...

Continue Reading • 26 Apr 2012

By Romesh Navaratnarajah:Amid weak hiring and businesses planning to restructure their foreign manpower needs, residential leases are still expected to stay afloat throughout the second quarter, said Savills.With the Additional Buyer's Stamp Duty (ABSD) and increasing home prices in the...

Continue Reading • 25 Apr 2012

 By Romesh Navaratnarajah: To attract more buyers at its relaunch this weekend, a condo project at Leonie Hill called The Lumos (pictured) is fitting some units with luxury brands Fendi and Kenzo.The 53-unit condo was first marketed in 2007 and 18 units were sold. But sales were frozen...

Continue Reading • 25 Apr 2012

By Romesh Navaratnarajah: The United Arab Emirates (UAE) expects to match some of the world’s most progressive real estate sectors — Central London, Mumbai and Singapore. As the annual property show CityScape Abu Dhabi is held, watchers cannot help but note UAE’s strengths in...

Continue Reading • 25 Apr 2012