Pontiac Land emerges with two new luxury launches
Private property developer Pontiac Land has returned with the launch of two new luxury developments in Singapore, according to a Business Times report.Located at the old Pin Tjoe Court in Ardmore Park, Ardmore Residence is designed by the Amsterdam-based UNStudio. The development will comprise 58...
Continue Reading • 24 Aug 2011
Singapore luxury home prices drop 1.7% in Q2
Prices of luxury homes in Singapore dropped 1.7 percent in the second quarter, attributed to tight competition from new buildings in non-core locations, according to CB Richard Ellis’ (CBRE) latest report.It noted that while prices of luxury homes continue to fall slowly, other segments are...
Continue Reading • 23 Aug 2011
Hong Leong Garden Shopping Centre goes en bloc
Hong Leong Garden Shopping Centre at West Coast Way has been launched for en bloc sale with an indicative price of between S$160 million and S$170 million (S$752 psf ppr to S$794 psf ppr).Credo Real Estate, which is marketing the property, said the site is located next to the Hundred Trees...
Continue Reading • 23 Aug 2011
Developers pack more units in some property sites
A new study by Savills Singapore has revealed that five projects on sites sold under the 2006 — 2010 state land sales programmes will fetch at least 50 percent more units than the numbers indicated in the Government Land Sales (GLS) programmes.Kovan Grandeur at Tampines Road comprised the...
Continue Reading • 23 Aug 2011
Grange Infinite buyers file complaint against developer
Buyers of 53 units at the Grange Infinite project in the Orchard Road area have filed a High Court action, claiming that the units are not as elegant, luxurious or stylish as promised.In a litany of complaints, the buyers also said that the fittings in the units were not “exceptionally...
Continue Reading • 22 Aug 2011
Several properties getting better rental yields
During difficult economic times, rental properties are less profitable for landlords. However, there are still some condominiums where rental yields can hit 5.7 percent.Condos such as Blossoms@Woodleigh, Adam Park Condo, The Jade and Far Horizon Gardens, have yields higher than five...
Continue Reading • 22 Aug 2011
High-end rentals set to drop further
Rents of high-end homes in Singapore will likely fall further, on the back of healthy supply and less generous packages for expats.Jack Teo, Associate Agency Head of GPS Alliance, said luxury home rents have dropped by two percent in six months. He noted that some of his clients have had to slash...
Continue Reading • 22 Aug 2011
Asia Pacific sees major growth in property investment
Property investment in Asia has witnessed significant growth recently and industry experts expect the increase to continue.In the Asia Pacific region, the largest markets are in Australia and China, while Japan is making a dramatic comeback after the disasters in March. Megan Walters, Head of...
Continue Reading • 19 Aug 2011
Sales of private homes up 21.6%, DTZ says
Sales of private homes in the second quarter rose to 8,458 deals, up 21.6 percent from 6,958 in Q1, according to the latest DTZ report.Buyers from mainland China comprised the largest portion of non-Singaporean home buyers for the second quarter, snapping up 640 units in Q2 from 527 units in the...
Continue Reading • 19 Aug 2011
Pontiac Land launches two new luxury projects
Pontiac Land has launched two new luxury developments in Singapore.Located in Ardmore Park, Ardmore Residence is designed by Amsterdam-based UNStudio and comprises 58 units with a gross floor area (GFA) of approximately 3,300 sq ft.The second project is located at the intersection of Cuscaden and...
Continue Reading • 19 Aug 2011
Chinese remain top foreign home buyers in S'pore
Chinese nationals have again emerged as the top non-Singaporean buyers of private homes in the second quarter, acquiring 640 homes in Q2, up 26 percent from 527 units in Q1 2011.According to a new report from DTZ, the proportion of acquisitions made by non-Singaporeans in the second quarter was...
Continue Reading • 19 Aug 2011
Revamped Singapore City Gallery opens
The Singapore City Gallery, the only gallery that showcases the story of Singapore’s physical planning efforts, was officially reopened yesterday. Lee Yi Shyan, Minister of State for National Development, led the opening event.Now revamped with richer content and greater interactivity, the...
Continue Reading • 18 Aug 2011
Sunway Velocity - A great lifestyle experience
Sunway City Bhd, one of Malaysia’s leading property developers, is set to launch an iconic master development close to the Kuala Lumpur City Centre (KLCC).Sunway Velocity, as it is called, offers integrated lifestyle features that will meet home, office, recreation, wellness, entertainment...
Continue Reading • 17 Aug 2011
Serangoon Garden Way residential site receives 16 bids
The Urban Redevelopment Authority (URA) has received a total of 16 bids in a public tender for a residential site at Serangoon Garden Way, with Sunmaster Holdings Pte Ltd and Garden Estates (Pte) Limited having jointly submitted the highest offer at S$105 million, or S$3,696.99 psm of gross floor...
Continue Reading • 17 Aug 2011
Private home sales show dramatic rise
Sales of private homes in July 2011 rose nearly 40 percent month-on-month to 1,954 units, including executive condominium (EC) units, indicating signs of improvement from June’s subpar performance.Excluding EC units, sales of private homes rose to 1,386 units, up 17 percent from 1,182 units...
Continue Reading • 16 Aug 2011
Poll: Most S'poreans against landed home ownership by foreigners
Approximately 66 percent of Singaporeans polled by PropertyGuru said they are against foreigners buying landed homes in Singapore.According to Khalil Adis, a property expert and regular contributor to PropertyGuru, the “strong views against foreign ownership is not surprising as the...
Continue Reading • 16 Aug 2011
Alarming trends in global real estate market: LaSalle
LaSalle Investment Management (LaSalle) has issued a mid-year update to its Investment Strategy Annual (ISA) report, stating that real estate capital markets have forged ahead and disregarded the distinctions between the fundamentals across low- and high-growth nations.Considering the uncertainty...
Continue Reading • 16 Aug 2011
Home prices to see change, says CDL's Kwek
Kwek Leng Beng, Executive Chairman of City Developments Limited (CDL), expects property price trends in Singapore to change soon.According to Kwek, in a span of six months, property developers will likely reduce launch prices of private housing projects not situated near MRT stations by...
Continue Reading • 15 Aug 2011
More Indians purchasing property abroad
A rising number of non-resident Indians (NRIs) in Singapore are investing in properties in Singapore, Malaysia, Thailand, Australia, London, and India.“The new wealth which they have acquired also enables them to invest beyond their shores,” said Joshua Kumar, Head of the India Desk...
Continue Reading • 15 Aug 2011
Hotels expect to be fully booked for F1 weekend
Several hotel operators are expecting a surge in hotel bookings as the 2011 Formula One Grand Prix is fast approaching.As corporate bookings began arriving earlier this year, some of the trackside hotels are expecting to operate a full house.“2011 sees a trend of early bookings and strong...
Continue Reading • 15 Aug 2011