Eunosville HUDC flats privatised
The Eunosville HUDC Estate has been privatised under the Land Titles (Strata) Act.The privatisation, which took effect on 1 June, enabled the individual owners of the 330-unit estate to own their respective strata units, including common property such as the open landscaped areas and car parks....
Continue Reading • 2 Jun 2011
The Viridian begins previews today
Industrial property developer Global Orion Properties has entered the residential market with The Viridian in Balestier, with a private preview today.“The Viridian is an urban sanctuary with a lot of green elements such as landscaping and trees on the sky terrace. Other features include...
Continue Reading • 1 Jun 2011
Asia Pacific property transaction volumes up
Asia Pacific property transaction volumes have been climbing since early 2009, although volumes slipped 23 percent quarter-on-quarter to US$21.4 billion in the first quarter this year, according to a report released by the Asia Pacific Real Estate Association (APREA) and Real Capital Analytics...
Continue Reading • 1 Jun 2011
Pasir Ris site tender attracts 9 bids
The tender for a 103-year leasehold land parcel at Pasir Ris Central / Pasir Ris Drive 1 has attracted a total of nine bids, with Singxpress Land (Pasir Ris) Pte Ltd and Kay Lim Holdings Pte Ltd offering the highest bid of approximately S$123.88 million (S$3,023.64 psm).Zoned for public housing...
Continue Reading • 1 Jun 2011
HDB releases EC site in Serangoon
An executive condominium (EC) site at Upper Serangoon View has been made available for sale under the reserve list of the 1H2011 Government Land Sales (GLS) programme.Under the government’s reserve list system, developers who are interested in acquiring the site can submit their...
Continue Reading • 1 Jun 2011
Dragon Mansion up for collective sale
Dragon Mansion, an 18-storey prime freehold residential property at the fringe of the Central Business District (CBD), has been offered for collective sale with an indicative price of between S$150 million and S$156 million.This works out to around S$1,340 to S$1,392 psf ppr, said sole marketing...
Continue Reading • 31 May 2011
Private home prices trickle up in April
Prices of mass market condos in Singapore have been edging up, as the NUS Singapore Residential Price Index (SRPI) rose 14.1 percent year-on-year in April for the Non-Central Region and 5.6 percent year-on-year for the Central Region, which covers districts 1 to 4 and 9 to 11.The index, which...
Continue Reading • 31 May 2011
Developers buy 2 freehold residential development sites
Two freehold residential development sites have been sold recently, according to a Business Times report.The 30,540 sq foot Austral View at Tanjong Rhu was sold for S$81 million through an en bloc sale to a Chinese developer, which had, in April, acquired the adjacent Fortredale.Over in the...
Continue Reading • 31 May 2011
URA awards tenders for 2 sites
The Urban Redevelopment Authority (URA) has awarded the tender for a residential site at the junction of Sembawang Road and Jalan Sendudok to Hao Yuan Investment Ltd, after it offered the highest bid of S$191.8 million.The 99-year leasehold site, which was launched for sale on 29 March 2011, has...
Continue Reading • 31 May 2011
HDB launches 3957 BTO flats
The Housing & Development Board (HDB) launched six new Build-To-Order (BTO) projects last Friday.With a total of 3,957 new flats, this is the single largest BTO launch, surpassing the 3,185 BTO flats offered last month.“The government has certainly responded to the public’s demand...
Continue Reading • 30 May 2011
RWS to open new nature-friendly hotel in 2012
Equarius Hotel in Resorts World Sentosa (RWS) is expected to open next year, with the topping-out ceremony held on March 27 led by Tan Sri Lim Kok Thay, Chairman of the Genting Group and Resorts World Sentosa.“This topping-up ceremony of Equarius Hotel is a momentous milestone for us, as it...
Continue Reading • 30 May 2011
Asian buyers dominate London's new-homes market
About 60 percent of newly-built properties in Central London were sold to Asian buyers from November 2010 to April 2011, according to Knight Frank’s latest study.This was primarily attributed to the favourable exchange rate and London’s status as the leading destination for...
Continue Reading • 30 May 2011
Sembawang site attracts S$191.8m bid
The tender for a 99-year leasehold site at Sembawang Road / Jalan Sendudok closed yesterday, with Hao Yuan Investment offering the highest bid of S$191.8 million.“The top bid of S$191.8 million or S$460 psf ppr is somewhat higher than market expectations back in March 2011,” said Li...
Continue Reading • 27 May 2011
Non-landed luxury home prices remain stable
Savills Singapore has reported that the prices of non-landed luxury homes it monitored remained steady in the first quarter of the year.Savills’ data showed that the average price of non-landed luxury private homes remained steady at S$2,269 psf in the first quarter, rising marginally by...
Continue Reading • 26 May 2011
Sim Lian holds highest unsold units from GLS sites
Some 2,781 unsold residential units were included in the land bank of Sim Lian Group, which holds the highest number of unsold homes from government land sales sites it acquired in 2010 and 2011, according to a Knight Frank report.It added that Sim Lian’s portfolio has 660 executive condo...
Continue Reading • 26 May 2011
HDB launches Punggol EC site for sale
The Housing & Development Board (HDB) has launched a public tender for an executive condominium (EC) housing site located at the junction of Punggol Way and Punggol Field.The site, which was launched under the confirmed list of the 1H2011 Government Land Sales (GLS) programme, has a total...
Continue Reading • 26 May 2011
Executive condos return to the spotlight
Executive condos (EC), a hybrid of private and public housing, are now returning to the spotlight.On 26 May, the government launched the 11th EC site since 2010, a plot in Punggol that can house around 720 homes.Meanwhile, Chip Eng Seng and NTUC Choice Homes recorded rapid first-day sales for...
Continue Reading • 26 May 2011
Buyers snap up Terrasse condo units
Strong home sales continued over the past weekend, as MCL Land sold more than 150 units at its Terrasse condominium project in Hougang.Units at the 414-unit development in Hougang Avenue 2 were sold at an average price of S$950 psf.The 99-year leasehold project comprises apartments ranging from...
Continue Reading • 25 May 2011
More foreigners buying pricey homes in Singapore
The ratio of private homes acquired by foreigners climbed to 16 percent in Q1 2011, the highest quarterly percentage ever recorded since Q1 1995.According to DTZ, foreigners accounted for 13 percent of all private home purchases in Q4 2010. It added that more foreigners purchased high-end homes...
Continue Reading • 25 May 2011
Good demand for residential and industrial property
Industrial and residential projects with affordable prices continue to attract demand.MCL Land has marketed 150 of the 200 units it has launched at its 414-unit Terrasse condo in Hougang.“Before we began sales last Saturday (May 21), we had intended to release only 120 units initially. But...
Continue Reading • 24 May 2011