Hillview Avenue site sold for S$289.8m top bid
A commercial-cum-residential site at Hillview Avenue has been awarded to Tuas Technology Park Ltd, after it offered the highest bid of S$289.8 million (approximately S$672.60 psf ppr) in a public tender that closed on 28 April.The land site, which was launched for sale on 28 February, has a total...
Continue Reading • 4 May 2011
La Meyer condo goes en bloc
The La Meyer freehold condominium development at 66 Meyer Road has been offered for en bloc sale through a public tender, said property consultancy firm Cushman & Wakefield, which is marketing the property.The 50,560 sq ft development is located near the exclusive Meyer Road and is expected...
Continue Reading • 3 May 2011
GCB transactions pick up in April
Transactions in the Good Class Bungalow (GCB) market appear to have picked up in April, after moderating in Q1, according to some agents.Urban Redevelopment Authority (URA) Realis data reveals two transactions done in April for a total of S$65 million, including a 32,626 sq ft property on Belmont...
Continue Reading • 3 May 2011
Hillview site tender attracts 12 bids
A public tender for a land parcel at Hillview Avenue that could yield up to 400 housing units and some retail space has attracted a total of 12 bids.The highest bid came from Tuas Technology Park Ltd, offering S$289.8 million (approximately S$672.60 psf ppr) for the site, which was launched for...
Continue Reading • 29 Apr 2011
S'pore properties still too expensive, says PropertyGuru survey
Many Singaporean consumers are doubtful about the real estate market, with many adopting a “wait-and-see” approach towards property acquisitions in the following 12 months, according to PropertyGuru’s recent Affordability Sentiment Survey.According to the survey, 71 percent of...
Continue Reading • 29 Apr 2011
NUS study says latest property measures more effective
The two most recent sets of property cooling measures announced on 30 August 2010 and 13 January 2011 may have been more effective in controlling the prices of completed non-landed private homes than the two earlier sets of measures implemented in September 2009 and February 2010, according to a...
Continue Reading • 29 Apr 2011
URA grants provisional approval for new projects
The Urban Redevelopment Authority (URA) has granted provisional approval for several projects across various property segments, including industrial, commercial, residential and hotel developments in the first quarter of 2011.Hong Fok Corporation unit has obtained approval to develop an office...
Continue Reading • 27 Apr 2011
URA launches three residential sites for sale
The Urban Redevelopment Authority (URA) has launched three residential sites for sale, which can yield up to 1,175 housing units.Of the three 99-year leasehold land parcels, two sites — Flora Drive and Woodlands Avenue 2 / Rosewood Drive — were put up for sale under the confirmed list...
Continue Reading • 27 Apr 2011
Three new property launches set for this week
Three new property projects — Oxley Bizhub at Ubi Road, Water Edge at Geylang and 10 Shelford at Dunearn — will be launching this week, as developers are taking advantage of the still favourable market.Oxley Rising’s Oxley Bizhub at Ubi Road opened yesterday for single unit...
Continue Reading • 26 Apr 2011
Private home prices climb 2.2% in Q1
Prices of Singapore’s private residential properties rose 2.2 percent in the first quarter, down from 2.7 percent in the previous quarter, reflecting the accumulated effects of the cooling measures implemented by the government.“The cooling measures announced by the Government were...
Continue Reading • 26 Apr 2011
Luxury home buyers are coming back
Sales of luxury homes in Singapore have remained low due to the economic crisis in the US and Europe, though buyers are slowly returning, according to a top executive of Heeton Holdings.Danny Low, Chief Operating Officer of Heeton, said the low luxury home sales in the country can also be...
Continue Reading • 21 Apr 2011
The Boutiq sees huge demand
A consortium comprising Heeton Holdings, KSH Holdings and TEE International have sold 39 units at its latest luxury residential development, The Boutiq, located at 143 / 145 Killiney Road.“Our collaboration with KSH Holdings and TEE International has resulted at the development that is set...
Continue Reading • 21 Apr 2011
Pine Grove collective sale closed
The en bloc sale for Pine Grove near Holland Village has been closed but marketing agent Jones Lang LaSalle (JLL) declined to disclose whether the property received any bids.Pine Grove, a prime redevelopment site at Ulu Pandan, has a total area of 893,000 sq ft. It is zoned for residential...
Continue Reading • 21 Apr 2011
Property sales fall as cooling measures bite
Singapore’s recent rounds of property cooling measures have started to take their toll, according to Keppel Land.Based on the preliminary projections from the Urban Redevelopment Authority (URA) in the first quarter of this year, approximately 3,700 new homes were sold, 12.7 percent lower...
Continue Reading • 21 Apr 2011
Hedges Park condo receives strong response
The recently launched Hedges Park condominium received strong response for the 130 units it released over the weekend.The apartments, comprising 200 one- to four-bedroom units sized between 484 and 1798 sq ft each, were sold at an average price of S$850 psf.According to Hong Leong Group...
Continue Reading • 19 Apr 2011
8 Courtyards 72% sold, more launches to follow
8 Coutyards @ Yishun, a joint venture (JV) project between Far East Organization (FEO) and Frasers Centrepoint, sold 202 of the 280 units (approximately 72%) released during its preview, with an average price of S$795 psf.The development comprises two retail shops and 654 residential units spread...
Continue Reading • 19 Apr 2011
Tampines Central 7 site sold for S$278.9m
A land parcel at Tampines Central 7 has been awarded to Sim Lian Land Ltd, after it offered the highest bid of S$278.9 million in a public tender that closed 14 April.The 99-year leasehold site, which was launched for sale on 23 February, has a total area of 22,000 sq m and a maximum gross floor...
Continue Reading • 19 Apr 2011
April launches accelerated after sales increase
Property developers continue to drive out new launches in April, after hitting a 25 percent increase in home sales in March. However, analysts believe that in some cases, home sales have been somewhat slower than usual, as price resistance sets in.Tripartite Developers sold 130 of the 200...
Continue Reading • 19 Apr 2011
Hougang HUDC flats to be privatised
Seven blocks of Housing and Urban Development Company (HUDC) flats in Hougang will be privatised, after residents voted strongly for the move.The blocks to be privatised include blocks 344 to 350 in Hougang Avenue 7.In the mandate exercise conducted in February, 81.5 percent (around 233) of 286...
Continue Reading • 18 Apr 2011
Hoi Hupp's Questa condo 82% sold
Hoi Hupp’s Questa condominium in Dunman Road has sold 82 percent (100 units) of its 122 units released for sale by end-March.According to data released by the Urban Redevelopment Authority (URA), this was the highest number of units sold among eight new condominiums previewed last...
Continue Reading • 18 Apr 2011