Bedok Reservoir deaths likely to affect take-up in short term
Bedok Reservoir is currently being marketed by property developers as a waterfront destination in Singapore.The area includes a number of residential projects such as Waterfront Waves, Waterfront Isle, Waterfront Gold and Waterfront Key.However, the recent series of horrific deaths there has...
Continue Reading • 19 Oct 2011
Collective sales market healthy despite downturn
Singapore’s en bloc market is heating up, with over S$1.5 billion worth of private properties launched for sale as of yesterday.After the Dragon Mansion en bloc sale exercise on Monday (S$142m target for Dragon Mansion collective sale), three more sites followed in its path, with the Faber...
Continue Reading • 18 Oct 2011
S'pore private home sales soar 21%
The number of new private homes sold in Singapore last month rose to 1,631 units, up 21 percent from 1,351 units sold in August, according to data released by the Urban Redevelopment Authority (URA).Including executive condos (ECs), the number of private homes sold in September hit 2,064...
Continue Reading • 18 Oct 2011
URA, HDB to launch 4 residential sites this month
UpdateThis morning, PropertyGuru broke the news that the URA and HDB would be releasing four residential sites this month (4 residential sites go on sale). Altogether, the sites can yield approximately 1,900 units, adding to the 13,825 units released under the Government Land Sales (GLS)...
Continue Reading • 17 Oct 2011
4 residential sites go on sale
BREAKING NEWS: The URA and HDB will release four residential sites for sale this month. These sites can potentially yield around 1,900 dwelling units, on top of the 13,825 units launched under the GLS programme in 2011. On Monday, the first site at Alexandra Road went on sale by public...
Continue Reading • 17 Oct 2011
Bedok DBSS project receives strong response
Over 200 prospective home buyers have submitted their applications for a Design, Build and Sell Scheme (DBSS) project that was launched on 13 October.Located at Bedok Reservoir Road, the 488-unit Belvia comprises three-, four- and five-room units priced from approximately S$570 psf.This...
Continue Reading • 17 Oct 2011
S$142m target for Dragon Mansion collective sale
Jones Lang LaSalle (JLL) has launched Dragon Mansion, a prime freehold residential redevelopment site for collective sale through a tender.The site comprises two plots of land — Dragon Mansion and a substation. Zoned for residential use, the sites have a total area of 39,176 sq ft and a...
Continue Reading • 17 Oct 2011
Kwong Wai Shiu Hospital plans S$70m expansion
The 101-year-old Kwong Wai Shiu Hospital in Serangoon Road is set to become the largest single nursing home hospital by 2015 after adding 200 beds to its current 400, said Health Minister Gan Kim Yong.Established in 1910, the charity hospital runs both a community hospital and a nursing home. It...
Continue Reading • 17 Oct 2011
Serviced residences sector still performing strongly
The growing trend of companies looking abroad has resulted in greater staff mobility, which has led to a rise in business trips.As such, the number of serviced apartments in Singapore with larger living spaces and hotel-style services has grown exponentially to meet the requirements of corporate...
Continue Reading • 14 Oct 2011
First DBSS project in west to launch next week
Lake Vista @ Yuan Ching, the first Design, Build and Sell Scheme (DBSS) project in western Singapore, will be launched for sale next week, with prices ranging from S$360,500 for the smallest unit to S$680,400 for the largest flat.Located near Jurong Lake, the project offers 682 units — 258...
Continue Reading • 14 Oct 2011
Real estate transaction volumes up 36%
Global real estate transaction volumes rose 36 percent in Q3 over the same period last year to hit a whopping US$99 billion, according to Jones Lang LaSalle (JLL). For the first nine months of 2011, investment activity was at US$297 billion, a 43 percent increase year-over-year. "Real estate...
Continue Reading • 14 Oct 2011
Pasir Ris EC site sells for S$122m
An Executive Condominium (EC) site at the junction of Pasir Ris Drive 3 and Pasir Ris Link has been sold to Ho Lee Group Ltd & Maxdin Ltd, after offering the highest bid of S$122.20 million (S$291 psf ppr) in a state tender that closed on 11 October 2011.The site, which was launched for sale...
Continue Reading • 13 Oct 2011
8 on Claymore Serviced Residences launches today
8 on Claymore Serviced Residences, a luxury project located in the prime Orchard area will officially be launched today.Already, the only penthouse, a three-bedroom luxury pad with an area of 175 sq m has been booked till June 2012. Managed by the Royal Plaza on Scotts, 8 on Claymore Serviced...
Continue Reading • 13 Oct 2011
Pearlbank Apartments up for sale by tender
Pearlbank Apartments, a prime residential redevelopment site, has been launched for en bloc sale with a revised price of S$725 million, lower than its previous S$750 million price tag.Sole marketing agent Knight Frank said the indicative price for the property includes a lease top-up of...
Continue Reading • 12 Oct 2011
Singapore: Asia's key driver for hotel investment sales
CBRE Hotels has released its latest analysis of hotel investment sales and room rates in Asia for the third quarter, with Singapore emerging as one of the most active hotel investment markets for 2011, at 27 percent of the total investment volume.“Although investment sales in Asia were...
Continue Reading • 12 Oct 2011
Pasir Ris EC site draws 11 bids
A public tender for an Executive Condominium (EC) site at Pasir Ris Drive 3 / Pasir Ris Link has received a total of 11 bids, with Ho Lee Group Ltd and Maxdin Ltd jointly submitting the highest bid of S$122.20 million. Li Hiaw Ho, Executive Director of CBRE Research, said the top bid of $122.20...
Continue Reading • 12 Oct 2011
Jelebu Road mixed use site up for sale
The Urban Redevelopment Authority (URA) has launched a commercial-cum-residential site at the junction of Jelebu Road and Petir Road for sale by public tender.According to the planning authority, the site is strategically located near the Bukit Panjang LRT station and the upcoming Bukit Panjang...
Continue Reading • 12 Oct 2011
More opportunities in Asian real estate than Europe, US, says report
Asia provides opportunities for better relative returns on property than Europe and the US, according to a latest report released by the Asia Pacific Real Estate Association (APREA), which represents and promotes the regional property sector.Written by Prof Graeme Newell of the University of...
Continue Reading • 12 Oct 2011
2 sites relaunched for collective sale
Colliers International will be re-launching collective sales for two freehold residential sites, St Patrick’s Garden at St Patrick’s Road and Crystal Tower at Ewe Boon Road. Colliers has yet to release an indicative price for either property. “We have decided to let the market...
Continue Reading • 11 Oct 2011
URA awards residential site to highest bidder
The Urban Redevelopment Authority (URA) has awarded the tender for a residential site at Jalan Loyang Besar/Pasir Ris Rise to a consortium comprising Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Oriental Worldwide Investments Inc.The consortium offered the top bid of S$140.96...
Continue Reading • 11 Oct 2011