URA launches two residential sites for sale by tender
The Urban Redevelopment Authority (URA) launched two residential land parcels for sale through public tender yesterday.Located at Upper Serangoon Road / Pheng Geck Avenue and Serangoon Garden Way, the 99-year leasehold sites were launched for sale under the confirmed list of the 1H2011...
Continue Reading • 22 Jun 2011
Prices lowered at Centrale 8
Following the public outcry over the S$880,000 five-room flats at Centrale 8 in Tampines, Sim Lian Group said that the flats will be sold for up to S$778,000, lower than the previous indicative price.The company, which is developing the project under the Design, Build and Sell Scheme (DBSS), said...
Continue Reading • 22 Jun 2011
Braddell Park sells for S$85m
A unit of Singapore-listed Top Global Limited has acquired the 45-unit Braddell Park apartment at Jalan Lateh for S$85 million (around S$665 psf ppr).Located off Braddell Road and Upper Serangoon Road, the apartment complex sits on a 91,360 sq ft freehold land site and is zoned for residential...
Continue Reading • 21 Jun 2011
Jackie Chan gets S$3.7m from building sale
Actor Jackie Chan, who owns various properties in Singapore, has made S$3.7 million after selling The 50s entertainment complex in Tanjong Pagar.According to a report from The Straits Times, Chan sold the building in April for S$12.5 million to a Singaporean friend who runs an investment...
Continue Reading • 21 Jun 2011
Brookvale Park up for public tender
Brookvale Park, a prime 999-year residential site at Brookvale Drive, has been put on the market with an indicative price of S$550.0 million, said CB Richard Ellis (CBRE), the marketing agent for the property.Nestled in the exclusive Sunset Way bungalow estate, Brookvale Park has a total land...
Continue Reading • 21 Jun 2011
S'pore property bubble to burst in 2013?
A property expert feels that the Singapore real estate market, which has recorded a stellar performance, could be heading towards a perfect storm, according to a report by The New Paper.Prices of private homes last year rose 17.6 percent, while prices of HDB resale flats surged 14.1 percent. The...
Continue Reading • 20 Jun 2011
Property investment sales down in Q2
Property investment sales slipped in the second quarter, according to separate estimates by Savills Singapore and CB Richard Ellis (CBRE).Both firms attributed this to slower sales involving private-sector sellers, although this has been eased by an increase in Government Land Sales...
Continue Reading • 20 Jun 2011
S'pore 5th in Global House Price Index
Singapore has been ranked fifth in the latest Global House Price Index released by Knight Frank, registering a 10.5 percent year-on-year growth in home prices.Meanwhile, Asia has been named the best-performing continent, with Asian countries taking four of the top five spots, registering an...
Continue Reading • 20 Jun 2011
Steve Wynn eyeing casino-hotel in Singapore
Casino gaming tycoon Steve Wynn, who controls Wynn Macau and Wynn Resort, is looking to develop a property in Singapore, according to a Business Times report.“I'm dying to go to Singapore,” he said. “That's my next goal in life – to build a hotel in Singapore.”He...
Continue Reading • 20 Jun 2011
Flora Drive site awarded to Frasers Centrepoint
The Urban Redevelopment Authority (URA) has awarded the tender for the residential land parcel located at Flora Drive to Frasers Centrepoint Ltd.Frasers Centrepoint Ltd submitted the top bid of S$131.38 million in a public tender that closed on 16 June 2011. This translates to S$3,499.27 psm of...
Continue Reading • 20 Jun 2011
Whitley Heights re-launched for sale with lower price tag
Whitley Heights, a 45-unit condominium development located off Whitley Road, has been re-launched for sale at a lower price.Credo Real Estate, which is marketing the property, said that the first attempted sale in January this year was unsuccessful, as the offer it had received was below the...
Continue Reading • 17 Jun 2011
GuocoLand, EPF to jointly develop S'pore's tallest apartment
Guocoland, a property investment unit of Hong Leong Group, has announced that it will tie up with Malaysian pension fund Employees Provident Fund (EPF) to develop a Singapore project, which is set to become the city’s tallest apartment.The company said it has sold a 20 percent stake...
Continue Reading • 17 Jun 2011
Flora Drive site receives top bid of S$131.38m
The tender for a 99-year leasehold land parcel at Flora Drive closed on 16 June, with Frasers Centrepoint Limited offering the highest bid of S$131.38 million.“The top bid (placed by Frasers Centrepoint Limited) of S$131.38 million or S$325 psf ppr will translate to a breakeven cost of...
Continue Reading • 17 Jun 2011
Sim Lian launches Centrale 8 at Tampines
Mainboard-listed Sim Lian Group Limited is launching Centrale 8 at Tampines today.Centrale 8 at Tampines is a public housing project developed under the Housing and Development Board’s (HDB) Design, Build and Sell Scheme (DBSS). The project covers a total land area of 227,461.6 sq...
Continue Reading • 16 Jun 2011
Private home sales fall 12% in May
The monthly sales volume for private residential units, excluding executive condominiums (EC), dropped 12 percent in May to 1,575 units.Mohamed Ismail, Chief Executive of PropNex, said the last round of cooling measures announced on 13 January “have certainly impacted buyer confidence, as...
Continue Reading • 16 Jun 2011
Far East Organization unveils Woodhaven project
Far East Organization (FEO) has unveiled its Woodhaven project, the first integrated residential development in Singapore, in an exclusive preview that began on 1 June 2011.Located at Woodgrove Avenue in Woodlands, Woodhaven comprises luxurious condominium apartments, stylish strata townhouses...
Continue Reading • 15 Jun 2011
Prices at Park Infinia hit S$2180 psf
Selling prices at Park Infinia at Wee Nam reached a historic record of S$2,180 psf last month, the second time prices at the three-year old condominium along Lincoln Road have exceeded the S$2,000 psf mark.In April, a 560-sq ft unit on the 30th floor was sold for S$1.13 million (S$2,019...
Continue Reading • 15 Jun 2011
HDB awards Buangkok site to Qingdao Construction
The Housing and Development Board (HDB) has announced that it has awarded a site at Buangkok Drive / Sengkang East Drive to Qingdao Construction (Singapore) Ltd, after it submitted the highest bid of S$247 million (S$4,211.60 psm) in a public tender that closed on 2 June 2011.Launched for sale on...
Continue Reading • 15 Jun 2011
Celebs snap up units at Twin Peaks
Superstar Jackie Chan and singer-songwriter Wakin Chau have acquired several apartments in Overseas Union Enterprise’s (OUE) Twin Peaks condo at Leonie Hill Road.According to a report by The Business Times, Chan has purchased two units on one of the lower floors of the 35-storey project,...
Continue Reading • 15 Jun 2011
Khaw blamed for slower home sales last week
Property developers and agents reported slower home transactions in the previous week, after National Development Minister Khaw Boon Wan made cautionary remarks on his blog.“Primary market sales (units sold by developers) softened a little bit last week due to the June school holiday season...
Continue Reading • 14 Jun 2011