Slew of new projects launching this week
Following record home sales in February, developers will be rolling out several housing projects into the market this week, amid fears over further cooling measures by the government.The slew of new projects include the Natura project (pictured) from Macly Group and Roxy-Pacific Holdings,...
Continue Reading • 27 Mar 2012
New fad: Tenants renting bomb shelters
Shoebox units may be small, but for those who need an even smaller space, utility rooms and bomb shelters (pictured) are being rented out.Some homeowners have resorted to renting out the smallest rooms in their house for extra income, although the practice is illegal for public housing. As for...
Continue Reading • 26 Mar 2012
Slowdown seen in resale property market
Property developers and agents are venturing into other avenues of business, as the once booming resale market for private and public housing has been affected by the government’s tightening measures.According to estimates, the number of resale transactions in both markets dropped...
Continue Reading • 26 Mar 2012
Bartley Residences sees strong demand
Property developer Hong Leong Holdings Limited will release new homes at Bartley Residences (pictured), after all 240 units launched during Phase One were snapped up over a period of three weeks. Betsy Chng, Head of Sales & Marketing at Hong Leong, said that the majority of buyers were...
Continue Reading • 26 Mar 2012
World Class Land unveils new East Village project
World Class Land Pte Ltd has unveiled a new freehold mixed development offering residential units and commercial spaces at Tanah Merah. Called East Village (pictured), it is strategically located at the junction of Bedok Road and Upper Changi Road. The freehold development offers 90 residential...
Continue Reading • 23 Mar 2012
Tai Keng Court sold for S$161m
Tai Keng Court (pictured), a residential-cum-commercial redevelopment site in Upper Paya Lebar, has been sold to Kensington Village Pte Ltd, a joint venture company between Fragrance Group and World Class Land Ltd, for S$161.1 million.Jones Lang LaSalle (JLL), the sole marketing agent for the...
Continue Reading • 23 Mar 2012
Keppel: Waterfront homes still appealing to foreigners
Foreigners snapped up around half of the units sold at Reflections at Keppel Bay (pictured) recently, which suggests that foreign demand remains strong. Three out of the six units at the waterfront development were sold to foreigners at an average price of S$2,100 psf over the past two-and-a-half...
Continue Reading • 23 Mar 2012
Geylang sees boom in home launches
Geylang (pictured), which is considered by many as a red-light district in Singapore, is in the middle of a building boom, with developers taking advantage of its proximity to the city centre. According to a report by The Straits Times, nearly 1,900 new residential units across over 25...
Continue Reading • 23 Mar 2012
Fortis development to be unveiled in Singapore
Weston Homes is bringing its new Fortis development (pictured) in West London to the Far East, with three exclusive exhibitions in Hong Kong, Macau and Singapore. International investors will have a chance to buy a quality property within close proximity to London and one of city’s leading...
Continue Reading • 22 Mar 2012
ABSD the main cause of drop in foreign purchases
December’s property cooling measures have indeed affected non-permanent resident (PR) foreigners buying in the private housing sector.According to The Straits Times, foreigners bought 385 units in November 2011, covering new sales, resales and subsales, which translate to a 16 percent slice...
Continue Reading • 22 Mar 2012
Condo prices down but landed home prices edge up
Prices of condominiums softened in the first quarter but resale prices of landed homes edged up in the same period, according to the latest estimates released by DTZ.High-end condo prices fell 0.8 percent while values of freehold condominiums slipped 0.7 percent from the previous quarter. DTZ...
Continue Reading • 22 Mar 2012
Westvale Condo at Pasir Panjang up for sale
Westvale Condominium (pictured), a prime freehold residential redevelopment site at 334 Pasir Panjang Road has been put up for sale, with an indicative price of approximately S$85.5 million (S$892 psf ppr). Adjacent to the Singapore Science Parks and National University of Singapore (NUS), the...
Continue Reading • 21 Mar 2012
Shoebox units still popular
Shoebox apartments remain a trend in the country, with one out of seven homes sold last year being a shoebox unit.According to analysis by property consultancy firm R'ST Research, home buyers snapped up 2,037 of such homes in 2011, including 138 shoebox units at Spottiswoode 18, 99 units at...
Continue Reading • 21 Mar 2012
Roxy-Pacific setting trend of shrinking three-bedders
A three-bedroom condominium at Natura at Hillview Terrace (pictured) measures just 635 sq ft, slightly smaller than a squash court and bigger than five HDB parking spaces, said The Straits Times.According to real estate consultants, a typical three-bedroom apartment usually occupies 1,000 sq ft...
Continue Reading • 21 Mar 2012
Man loses claim over disputed land at Kampong Kembangan
The High Court has thrown out a businessman’s claim towards a piece of land which was once owned by his father and is now part of another property.According to Justice Andrew Ang, the ownership of the subject 1,850 sq ft plot located in Kampong Kembangan has already been passed to Dr. Ng...
Continue Reading • 20 Mar 2012
Buying trend shows many prefer old neighbourhoods
Most people think buying a new house generally means packing up and relocating to a new part of town. But a large percentage of those buying new houses prefer to stay in their old neighbourhoods and be close to the shops and people they know, according to developers. In the recently launched...
Continue Reading • 19 Mar 2012
Housing rents to increase around the world: Savills
Rental values in the global residential property market are climbing fast, as demand from local and international corporate tenants’ rises rapidly, noted Savills, a London-based consultancy. According to the Savills World Class Cities Index, the average rental increase in the second half of...
Continue Reading • 19 Mar 2012
Private property developers targeting Punggol
Property developers believe that Punggol (pictured) has the potential for private residential development after a new study revealed that around 30 percent of HDB households in the area have a monthly income of S$9,000 or above. Compared with the national average of the other HDB estates, this is...
Continue Reading • 16 Mar 2012
Tampines residential site a hot pick: consultants
Among the four residential sites released under the Government Land Sales (GLS) Programme yesterday, the executive condo (EC) plot at Tampines Central 7 (pictured) next to The Tampines Trilliant development is the most appealing, according to consultants.The four sites which could yield up to...
Continue Reading • 16 Mar 2012
Capella's Colonial Manor open to long-term stay
From being available only for short term hotel stays, Capella Singapore has finally released one of its two Colonial Manors (pictured) as part of The Club at Capella Singapore’s long-term accommodation inventory.With monthly rates starting at S$42,000, the manor sits on a 436 sq m plot and...
Continue Reading • 16 Mar 2012