88 units sold at Waterfront Isle preview
Property developers Frasers Centrepoint and Far East Organization announced that they have sold 88 units in the 99-year leasehold Water Isle development, located in the Bedok Reservoir area, over the past few days.The developers released 132 units in the 561-unit project at a preview which began...
Continue Reading • 2 Feb 2011
Consortium signs building agreement for Capitol project
The building agreement for the Capitol sale site was signed yesterday, between the Singapore government and the consortium that will oversee the transformation of the site into a mixed-use development, comprising retail, residential, hotel, arts and entertainment facilities.The S$750 million...
Continue Reading • 2 Feb 2011
Regional property markets to improve this year
Global real estate investors should focus on long-term investment value after the global market recovery, said new research from PRUPIM Singapore, adding that Asia Pacific’s real estate markets will continue to take advantage of the strong economic performance in the region.All three...
Continue Reading • 1 Feb 2011
8,430 private homes scheduled for 2011 completion
Nearly half of the approximately 8,430 new private homes due to be completed this year will be in the upmarket core central region (CCR), according to new data released by the Urban Redevelopment Authority (URA).The government agency has also increased its estimate for the projected supply of...
Continue Reading • 31 Jan 2011
Sing Holdings acquires Robin Star
Sing Holdings has acquired Robin Star at 10 — 12 Robin Road for S$47 million and the company plans to combine the 10-unit boutique property with its previously acquired 1 Robin Drive and Robin Court to make a 6,027.4 sq m site.The total price tag for the freehold property works out to...
Continue Reading • 31 Jan 2011
Private property price index up 2% in Q4
The private property price index rose two percent to a new high of 194.8, the lowest percentage growth per quarter since the 2008 financial crisis.“The impact of the 30 August 2010 cooling measures on prices is evident,” said Mr. Mohamed Ismail, CEO of PropNex. “Prices in the...
Continue Reading • 31 Jan 2011
CapitaLand to acquire Marine Point
Southeast Asia's largest property developer CapitaLand has entered into a sale-and-purchase agreement (SPA) to acquire Marine Point for S$100.68 million, with a development charge of approximately S$12.8 million.The total acquisition cost works out to around S$1,056 psf ppr and the SPA is subject...
Continue Reading • 28 Jan 2011
Bartley Terrace changes hands for S$40m
Bartley Terrace, a residential area located at 16 Gambir Walk, has been sold to Meadows Investment for about S$40 million through a private treaty brokered by Urban Front Real Estate.This works out to around S$760 psf ppr, taking into account a development charge of approximately S$3 million,...
Continue Reading • 28 Jan 2011
Non-PRs outperform PRs in home-buying activity
The increase in the number of homes acquired by non-permanent residents is outperforming that of their PR counterparts — a trend led by Chinese and Indian nationals — according to a new analysis.The number of non-landed private homes bought by foreigners who were not PRs climbed 37.1...
Continue Reading • 28 Jan 2011
Private home prices set to drop 5%
Private home prices will likely see a five percent decline in 2011 but will be mainly stable, said a new report released by property consultancy firm DTZ Research.The recent cooling measures announced by the government will likely reduce sales volumes but will not cause a substantial decline in...
Continue Reading • 28 Jan 2011
Optimistic outlook for private residential market
The outlook for Singapore’s private residential market is cautiously upbeat this year, as the number of new homes sold will likely taper off from last year’s high to a more sustainable level this year, possibly in the region of 10,000 units, said Colliers International.Overall private...
Continue Reading • 27 Jan 2011
Holland Tower up for en bloc sale
Holland Tower, a 14-storey residential block in District 10, has been put up for collective sale by Jones Lang LaSalle (JLL).The property, located within the Holland Park Good Class Bungalow Area, is zoned for residential use and has a total site area of 21,879 sq ft. The URA has indicated that a...
Continue Reading • 25 Jan 2011
Future launches will test recent cooling measures
The effects of the latest round of property cooling measures could soon be put to the test, as marketing agents and developers gain interest in three new property launches.Far East Organization (FEO) has been marketing The Cape, a 76-unit freehold development located at Amber Road, as “the...
Continue Reading • 25 Jan 2011
New property measures taking effect
A recent survey of Propwise.sg subscribers showed that most of the 269 respondents (66 percent) believed that the fourth set of real estate cooling measures announced by the government are harsh enough to prevent the worsening or formation of a bubble in the Singapore property market. Most of the...
Continue Reading • 24 Jan 2011
New expressway to affect several properties
The government will acquire several properties along Admiralty Road West and Toa Payoh Rise to make way for the construction of the 15.9 km North-South Expressway (NSE).Some of the affected properties are industrial estates owned by the Housing Development Board (HDB) and Jurong Town Corporation...
Continue Reading • 21 Jan 2011
Swiss luxury property launches in Singapore
Alpine Homes has launched a special preview of the Mer de Glace Hotel and Spa in Singapore, providing Asian buyers an opportunity to acquire a new luxury chalet-style apartment in a newly-developed hamlet in Nendaz, Switzerland.“Switzerland has always had great appeal for overseas...
Continue Reading • 21 Jan 2011
Singapore investors eyeing KL and London markets
After nearly a decade of preferring to invest in Singapore and Australia, savvy Singaporean investors are now setting their sights on Kuala Lumpur and London, said Tim Murphy, Founder and Managing Director of IP Global.With Malaysia’s economy expected to expand 5.3 percent this year and...
Continue Reading • 20 Jan 2011
Latest cooling measures may dampen market transactions
The recent set of property cooling measures will likely dampen market transactions over the next few months, said DBS.Since the longer holding period and purchasing confidence force buyers to re-assess their buying decisions, primary sales volume is forecasted at only 10,000 units for this...
Continue Reading • 20 Jan 2011
Global direct property investment volumes up 50%
Global transaction volumes reached US$316 billion for the full year 2010, up 50 percent from the 2009 levels, said global capital market experts at Jones Lang LaSalle (JLL).After hitting a low of US$209 billion for the full year 2009, global direct commercial property volumes were boosted by an...
Continue Reading • 20 Jan 2011
New property measures may kill sales momentum
Property developers will likely see a sharp drop in sales volume to the 500 - 800 unit range in the first two months of 2011, as market players re-evaluate their position after the harsh round of cooling measures announced last week.A moderate rebound in sales volume may be seen when the latest...
Continue Reading • 19 Jan 2011