Grand Tower up for en bloc
Grand Tower, located at Moulmein Rise near Novena MRT station, is up for collective sale, with an indicative guide price of S$92 million or around S$1,430 psf of potential gross floor area (GFA).With an area of 21,742 sq ft, the site can be redeveloped into a high-end boutique development with a...
Continue Reading • 10 Mar 2011
EL Development offers top bid for Clementi Ave 4 site
A public tender for a Clementi Avenue 4 site has received a total of 11 bids, with EL Development offering the top bid of S$224 million, or approximately S$271 psf ppr.The land parcel was made available for sale on 26 January under the design, build and sell scheme (DBSS). Analysts said the 11...
Continue Reading • 9 Mar 2011
Robertson Quay hotel site attracts nine bids
A 99-year leasehold hotel site at Robertson Quay has attracted a total of nine bids in a public tender that closed yesterday.“The tender for a 99-year leasehold hotel site at Robertson Quay closed today with nine bids received, reflecting the thriving tourism and hospitality sector,”...
Continue Reading • 9 Mar 2011
Record price for Cluny Road GCB
A Good Class Bungalow (GCB) at Cluny Road has fetched a record land price per unit of S$33 million (approximately S$2,038 psf) on a freehold land area of approximately 16,200 sq ft.This amount surpasses the previous record of S$1,899 psf on land area that Chew Hua Seng, Chairman and Founder of...
Continue Reading • 9 Mar 2011
H20 Residences' average price now at S$920 psf
City Developments Ltd (CDL) has raised the average price of its H20 Residences condominium development in Sengkang to approximately S$920 psf over the weekend, from the initial S$910 psf, when the project was previewed on Friday.To date, 150 of the 200 units released in the 99-year leasehold...
Continue Reading • 8 Mar 2011
Pine Grove up for en bloc sale
Pine Grove, a prime redevelopment site near Holland Village, is up for collective sale through tender.With an area of 893,219 sq ft, the site is zoned for residential use with a gross plot ratio of up to 2.1. The site can be redeveloped into a residential development of up to 24 storeys, with a...
Continue Reading • 8 Mar 2011
Hong Kong, Singapore top global house price index
Hong Kong and Singapore have topped the global house price index, as home values in both countries recorded the highest increase.Based on The Economist’s latest quarterly global house price index, home prices in Hong Kong climbed 20.1 percent in Q4 2010, while house prices in Singapore rose...
Continue Reading • 7 Mar 2011
Exclusive Singapore launch for Vancouver House, London
Vancouver House, the fourth phase of Maple Quays in Canada Water, is set for launch in Singapore at the Four Seasons Hotel on 12 to 13 March 2011.The launch of Vancouver House comes off the back of the success of Fairmont House, the development’s third phase, which is currently 80 percent...
Continue Reading • 7 Mar 2011
UOL, Singapore Land to develop low-rise condo
UOL Group and Singapore Land are planning to develop a low-rise condominium project with a resort ambience and some strata terrace houses on a plot fronting Bedok Reservoir Park.The partnership offered the highest bid of S$320 million, or approximately S$465 psf of potential gross floor area...
Continue Reading • 7 Mar 2011
Newest additions to Punggol Town unveiled
Deputy Prime Minister Teo Chee Hean officially opened the Lorong Halus Wetland and Riverside Walk of Punggol Promenade, the latest leisure additions to Punggol Town, which has been envisaged as a unique waterfront town with a range of social, commercial and recreational facilities for residents.A...
Continue Reading • 7 Mar 2011
United Venture offers top bid for Bedok Reservoir Road site
The public tender for a residential site at Bedok Reservoir Road has attracted a total of eight bids, with United Venture Development Ltd offering the highest bid of S$320 million.“The response of eight bids to the residential site at Bedok Reservoir Road showed that developers are keen on...
Continue Reading • 4 Mar 2011
Cross-border property investment makes a comeback
Global cross border property transactions rose 60 percent year-on-year to US$130 billion and accounted for 40 percent of all direct commercial real estate investments worth US$318 billion in 2010, according to global real estate services firm Jones Lang LaSalle (JLL).“During the downturn,...
Continue Reading • 4 Mar 2011
CDL launches preview for H2O Residences
Property developer City Developments Ltd (CDL) has launched the preview of its H2O Residences, a 99-year leasehold condominium development in Sengkang.The average selling price for the condo is expected to be above S$900 psf. Prices for the one-, two- and two-bedroom-with-study units are expected...
Continue Reading • 4 Mar 2011
Home supply to surge the next few years
There could be a decline in home prices and rents after the release of a large supply of new homes in the market in 2013 and 2014, warn analysts.According to recent Urban Redevelopment Authority (URA) data, about 17,111 new homes are expected to be completed in 2013 and 17,421 in 2014, including...
Continue Reading • 4 Mar 2011
Asia's luxury residential capital values up 1.8%
Residential capital values across Asia jumped 1.8 percent quarter-on-quarter in the fourth quarter of 2010, said Jones Lang LaSalle (JLL).However, price growth has slowed down steadily from the 7.4 percent quarter-on-quarter pace seen in Q3 2009, as sales activity cooled, following the set of...
Continue Reading • 3 Mar 2011
Asia Pacific leads market recovery
The real estate market in the Asia Pacific region has come out of the global financial crisis in pole position.According to Lim Lam Yuan, President of Singapore’s Institute of Surveyors and Valuers, the increased interest was attributed to heightening investment opportunities for prime...
Continue Reading • 2 Mar 2011
Indonesia's Montigo Resorts Residences enjoys exclusive Singapore launch
Montigo Resorts Residences, the first five-star luxury homes project in Batam Island, Indonesia, was exclusively unveiled in Singapore last weekend.The project is set amid the 12 ha Montigo Resorts, Nongsa, which comprises private homes and luxury hotel accommodation. Offering 45 luxury...
Continue Reading • 2 Mar 2011
DC rates spike across all property segments
The latest development charge (DC) rates for the period of 1 March 2011 to 31 August 2011 have seen an across-the-board gain in all real estate segments, said DBS.The hotel segment saw the largest increase in DC rates at an average of 27 percent, with Orchard, Clarke Quay, Marina Bay and Sentosa...
Continue Reading • 2 Mar 2011
Developers accelerate property launches
Property developers are speeding up the launches of their residential properties, with some developers releasing projects five months after the site’s acquisition.This is contrary to the trend in past years, when the majority of developers took approximately 12 to 15 months to launch...
Continue Reading • 2 Mar 2011
Singapore a magnet for mainland Chinese home buyers
Mainland Chinese acquired private homes in Singapore at a record pace in Q4 last year, according to the Urban Redevelopment Authority (URA).Analysts also said that more mainland Chinese will continue to invest in the Singapore property market, due to China’s tightening measures. Mainland...
Continue Reading • 1 Mar 2011