CapitaLand to launch 1,700 upmarket homes this year
Southeast Asia’s largest property developer, CapitaLand, plans to launch 1,700 new homes this year, as it rides on the expected 10 to 15 percent growth in luxury home prices.“We remain bullish about (the prospects of) the residential market in Singapore, particularly for the segment...
Continue Reading • 10 Jan 2011
HK, Singapore best economies for investment in Asia-Pacific
Hong Kong and Singapore have been voted Asia-Pacific’s best economies for investment, according to a new poll conducted by Vriens & Partners.Hong Kong emerged on top in the survey of 18 countries, followed by Singapore, New Zealand and Australia.Titled 'Good Governance for International...
Continue Reading • 7 Jan 2011
Royal Group tops bid for Ogilvy site tender
The Ogilvy site tender has attracted a total of 8 bids in a public tender that closed on January 5, with Royal Group Holdings Pte Ltd placing the highest bid of $86 million.The site, which is located at the junction of Robinson Road and Boon Tat Street, was made available for sale on November 2...
Continue Reading • 6 Jan 2011
Robertson Quay site up for sale through tender
The URA has put a hotel site at Robertson Quay up for sale through public tender.The site was offered for sale under the reserve list system on April 22, 2010. On December 23, the URA said it had received an application from a developer who committed to bid at least $51.5 million for the siteWith...
Continue Reading • 6 Jan 2011
Two private home developments up for sale
Two private home developments – Whitley Heights off Whitley Road and Residence 81 at Telok Kurau – have been launched for collective sale.With a land area of 130,165 sq ft, the owners of Whitley Heights are asking for $185 million to $210 million, which works out to about $1,421 psf...
Continue Reading • 6 Jan 2011
Yuan Ching Road site attracts six bids
A land parcel at Yuan Ching Road has attracted six bids in a public tender that closed on January 5, with a joint bid between Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and SC Wong Holdings Pte Ltd offering the highest bid of $131.6 million.This translates to around $192 psf ppr for the...
Continue Reading • 6 Jan 2011
Shiki Niseko set to launch in Singapore
Following the successful preview of Shiki Niseko in Kuala Lumpur on December 11 and 12, the iconic and luxurious ski resort is set to launch in Singapore on January 8 and 9.Located in upper Hirafu village in Japan, Shiki Niseko is often called the Aspen of the East, known for its powder skiing...
Continue Reading • 5 Jan 2011
HDB resale and private home prices growths stabilise
The property cooling measures implemented by the government in end-August are now taking effect, with both the URA residential price index and HDB Resale Price Index (RPI) flash estimates reflecting a smaller quarter-on-quarter growth in Q4 2010.The URA residential price index climbed 2.7 percent...
Continue Reading • 4 Jan 2011
Luxury home prices hit new high
High-end and luxury home prices hit a new all-time record in the fourth quarter of 2010. Non-landed home prices in the Core Central Region (CCR) micro-market, which comprises prime districts like Sentosa Cove and Marina Bay, were up 2.3 percent in Q4, compared to the 1.6 percent increase in the...
Continue Reading • 4 Jan 2011
Private residential property prices up 2.7% in Q4
Private residential property prices climbed 2.7 percent in the fourth quarter of 2010, based on flash estimates released by the URA.Prices rose to 194.8 points in Q4 from 189.6 points in the previous quarter. However, the increase was lower than the 2.9 percent increase in Q3.For the whole year...
Continue Reading • 4 Jan 2011
Chinatown Point to get $75m revamp
The Chinatown Point retail and office complex is set to receive a $75 million face-lift. In July 2010, a consortium of investors, which includes German fund manager SEB, Singapore Press Holdings and FairPrice Co-operative, acquired four office units and 283 strata-titled retail units in the...
Continue Reading • 3 Jan 2011
Mass-market prices grow faster than high-end condos
Non-landed private home prices in Singapore’s Central region, which comprises districts 1 to 4 and 9 to 11, have risen 7.9 percent in the first 11 months of the year from the end of 2009, based on the latest flash estimates for November from the National University of Singapore (NUS). The...
Continue Reading • 29 Dec 2010
Asia-Pacific markets lead in home prices recovery
Asia-Pacific markets led the patchy recovery in home prices in the third quarter with an average increase of 9.9 percent, based on the global house price index by Knight Frank.For the first time since 2008, prices in all six world regions tracked by Knight Frank saw increases in Q3. Asia-Pacific...
Continue Reading • 29 Dec 2010
FEO sells 181 units at The Tennery
Far East Organization (FEO) has announced that 181 of the 217 units released at the preview of its latest project The Tennery have been snapped up.Situated at the junction of Choa Chu Kang Road and Woodlands Road, The Tennery is made up of SOHO-style apartments located above the Junction 10...
Continue Reading • 29 Dec 2010
Singapore collective sales market picks up
Singapore’s residential en bloc sales market has recovered this year following a hiatus in 2009. So far, there are more than 30 successful collective sales amounting to $1.6 billion.However, the size of each en bloc sale transacted this year was smaller compared to those in 2005 to...
Continue Reading • 28 Dec 2010
URA to launch Robertson Quay site for tender
The URA has announced that a land parcel at Robertson Quay will be released for sale within two weeks, after a developer committed to offer not less than $1.5 million for the site.It was made available for sale on April 22 through the Reserve List system. As the minimum price committed by the...
Continue Reading • 27 Dec 2010
Roxy-Pacific acquires Everitt Building
Roxy-Pacific has signed a deal to acquire Everitt Building located at 116 Changi Road for $35.5 million, This works out to $877 psf based on its net lettable area (NLA) of around 40,468 sq ft.The 10-year-old freehold property has an existing gross floor area (GFA) of 50,892 sq ft, which reflects...
Continue Reading • 27 Dec 2010
$36m record bungalow deal fizzles out
This year’s $36 million record deal for a bungalow in Sentosa Cove appears to have fallen through, with the buyer forfeiting the $500,000 deposit and more.According to a report from Lianhe Zaobao, Mr. Shen Bin, the buyer of the 14,983 sq ft, 99-year leasehold site located on Paradise Island...
Continue Reading • 27 Dec 2010
Ho Bee sells another property for $48.5m
Ho Bee Investment has sold the Platinum 28, a nine-storey freehold high-tech industrial building located at 28 Genting Lane.The sale price is $48.5 million, which works out to around $591 psf for a net lettable area of 82,041 sq ft. Completed about two years ago, the project is now over 90...
Continue Reading • 23 Dec 2010
More than a third of Punggol's Privé sold
Home buyers on Friday signed deals for over one third of the 680 apartments at the Privé, the first executive condominium project in Punggol.The project’s developers, NTUC Choice Homes Co-operative and Chip Eng Seng, had processed more than 270 sales options and said they were...
Continue Reading • 22 Dec 2010