Centrale 8 sales better than expected, but hardly robust
Sim Lian Group’s Centrale 8 project in Tampines has seen more units sold than expected, even after it received widespread criticism for its record price of S$880,000 for a five-room flat.According to an article in TODAY, the asking price was slashed by at least S$100,000, following rampant...
Continue Reading • 22 Sep 2011
Asia luxury home prices rise amid market turmoil
Owners of “ultra prime” homes in Asia have seen the values of their properties rise amid the global economic crisis, particularly in Singapore and Mumbai.The increase in value of luxury properties, defined as homes valued above £10 million (US$15.7 million), has been less...
Continue Reading • 21 Sep 2011
EC sales pick up with new income ceiling
Sales of executive condos (ECs) have picked up after last week’s announcement that the higher income ceiling of S$12,000 would apply to five other EC projects with unsold units.According to Qingjian Realty, over 50 EC units have been snapped up at RiverParc Residence in Punggol since last...
Continue Reading • 21 Sep 2011
Singapore luxury home market facing a changing landscape
Foreign investors continue to change the landscape of the luxury property market in Singapore.According to Cushman and Wakefield’s analysis of URA caveats lodged, Indonesians and mainland Chinese formed the majority in the upmarket segment this year, followed by Malaysians, Indians and the...
Continue Reading • 20 Sep 2011
Private property demand to remain high despite global slowdown
Demand for private property in the country will remain high amid the turmoil in the stock market and the economic concerns in the United States and Europe, according to an article by TODAYonline.Experts noted that demand for private properties will be further enhanced by the demand in the public...
Continue Reading • 20 Sep 2011
Singapore's property demand won't slow, CapitaLand says
The government’s cooling measures will not slow the demand for residential properties in Singapore, according to Wong Heang Fine, CEO of CapitaLand Residential Singapore.He noted that prices will keep rising this year, though at a moderate pace. He also said that high liquidity and...
Continue Reading • 19 Sep 2011
India Property Show targets NRIs in Singapore
The Hindu & Hindustan Times India Property Show 2011 was held at the Singapore Expo over the weekend, showcasing the largest selection of pan-Indian properties to Singapore and the region.The event, which marked a collaborative effort between The Hindu and The Hindustan Times in conjunction...
Continue Reading • 19 Sep 2011
Another 105 units at A Treasure Trove snapped up
Another 105 units have been sold at A Treasure Trove over the weekend, taking the total sales for the 99-year leasehold condo development to 625 units, according to a report by The Business Times.The report said that the average price of the newly released units have been raised from the original...
Continue Reading • 19 Sep 2011
CapitaLand unveils Bishan condo, launch expected by Q1
CapitaLand Residential Singapore and Mitsubishi Estate Asia Ltd jointly unveiled their upcoming project at Bishan Central, comprising approximately 500 apartment units across two 38-storey towers.“The condominium at Bishan Central marks our first collaboration with CapitaLand to jointly...
Continue Reading • 16 Sep 2011
Private homes, EC sales slide 16%
Sales of private homes slipped to 1,638 units in August, down 16 percent from a month earlier. Excluding executive condominiums (ECs), the total number of homes transacted in August totalled 1,348, a decrease of three percent from 1,386 in July.The decline in sales volumes was primarily...
Continue Reading • 16 Sep 2011
Cheung Kong launches promotions for new buyers of Thomson Grand
Following the successful launch of Phase One of Thomson Grand, Hong Kong developer Cheung Kong (Holdings) has unveiled its Fabulous “8” promotions. As such, reserved units with number “8” at Thomson Grand are now available in limited supply.Aside from this, the developer...
Continue Reading • 16 Sep 2011
HDB, URA launch 4 residential sites for sale
Singapore’s public housing and urban planning authorities launched four residential land parcels for sale through public tender yesterday, which could potentially produce 1,955 dwelling units.Of the three residential sites released by the Housing & Development Board (HDB), two were...
Continue Reading • 16 Sep 2011
Private home sales hold up despite gloom
Despite the global economic recession, sales of private homes by property developers held up, while the secondary market became remarkably sluggish.This could be attributed to the slowdown of investment demand and January’s tightening measures hitting speculative activity.Excluding...
Continue Reading • 15 Sep 2011
Mixed-use developments gaining foothold in Asia
Projects that deliver the 'live, work and play' concept have become increasingly popular in Asia, especially in India and China, according to several industry players.“People are looking for developments that offer a live, work and play environment, where employees will not have to drive...
Continue Reading • 15 Sep 2011
Ceylon Flats up for en bloc
Ceylon Flats, a 21-unit walk-up residential development at 22-28C Ceylon Road, has been launched for en bloc sale through a public tender.The three-storey property has a total area of 23,168 sq ft and a 999999-year leasehold tenure. It is zoned for residential use under the Master Plan 2008 with...
Continue Reading • 15 Sep 2011
Italian-inspired luxury condo being built in Manila
Century Properties, one of the largest real estate companies in Asia, has started building The Milano Residences, a high-class residential project in Manila.Designed by Broadway Malyan, Asia’s first fashion condo will feature 340 flexible one- to three-bedroom units, with prime units...
Continue Reading • 14 Sep 2011
Malaysian property developers find golden opportunities in S'pore
With Singapore’s ongoing economic success, political stability and healthy real estate market, many Malaysian property developers are finding golden opportunities in the Singapore property market.Singapore has a liberal policy when it comes to bringing in foreign expertise, regardless of...
Continue Reading • 14 Sep 2011
Housing prices expected to drop, say analysts
Home prices in Singapore are expected to drop between eight and 10 percent over the next year, as government measures work their way into the property market despite a worsening global economy, said brokerage firm UOB Kay Hian.It pinpointed the weakening macroeconomic environment and the huge...
Continue Reading • 14 Sep 2011
Housing demand to remain stable, says Jones Lang
Jones Lang LaSalle (JLL), a global property consultancy firm, has expressed a different view from most analysts who have said that Singapore will face a housing glut between 2013 and 2015.“Demand for housing is likely to remain fairly stable and support the injection of new stock over the...
Continue Reading • 14 Sep 2011
Govt should actively regulate housing market, says IP Global CEO
The Singapore government should actively participate in regulating the property market, or a potential for oversupply and uncontrolled speculation might occur, said Tim Murphy, Chief Executive Officer and Founder of IP Global.“If you have no regulation in the property market, you see things...
Continue Reading • 13 Sep 2011