Be cautious about property signals, says expert
The anti-speculative measures implemented by the government on August 30 to cool the property market could send out misleading signals, according to a property veteran.In a telephone interview with The Business Times, David Lawrence, chief executive officer of Wheelock Properties (Singapore),...
Continue Reading • 29 Sep 2010
Prices of non-landed private homes still flat
Non-landed private home prices were still flat in August compared with the previous month, according to the latest flash estimates released by the National University of Singapore (NUS). The Singapore Residential Price Index (SRPI), which is compiled by the NUS Institute of Real Estate Studies,...
Continue Reading • 29 Sep 2010
New condo in Kembangan set for preview
A joint venture between Malaysia-based Sunway Group and Singapore developer Hoi Hup Realty is holding a preview of Vacanza @ East, a freehold condominium project located in Kembangan, today. The 12-storey Vacanza @ East will yield a total of 473 units in seven blocks, comprising one to...
Continue Reading • 28 Sep 2010
Two GCBs sold at Colliers auction
Two Good Class Bungalows (GCBs) located at Margoliouth Road and Sixth Avenue have been sold at a Colliers International auction for a total of $25.6 million, increasing the total sales of properties sold at auction to approximately $54.1 million this quarter.With three more auctions to go before...
Continue Reading • 28 Sep 2010
Residential price rises slowed in Q3
All housing segments in Singapore have seen a slowdown in the rate of price increases in the third quarter compared to the earlier period, according to estimates released by DTZ Research.Mass market homes continued to lead the price increase, with resale prices of leasehold homes in the suburban...
Continue Reading • 28 Sep 2010
Q3 sees fewer GCB deals
Rising prices have widened the gap in expectations between buyers and sellers, and slowed down demand in the third quarter, said some industry players including Mr. Douglas Wong, director for luxury homes at CB Richard Ellis (CBRE).According to CBRE’s analysis of URA Realis caveats captured...
Continue Reading • 28 Sep 2010
Punggol Drive site receives four bids
The public tender for the site located at Punggol Drive / Punggol East closed yesterday with four bids.Qingdao Construction (Singapore) offered the top bid of $136.2 million, which works out to $237 psf, below analysts’ estimates of $250 psf to $290 psf.The second-highest bid came from...
Continue Reading • 24 Sep 2010
Prime residential rents up in Q3
Singapore’s prime residential rents have been boosted by new supply during the third quarter, with average prime non-landed residential rentals up 1.1 percent quarter-on-quarter to $4.65 psf a month, based on preliminary estimates released by Jones Lang LaSalle (JLL).The slight increase in...
Continue Reading • 24 Sep 2010
New measures affected Q3 home sales
Residential market activity during the third quarter of the year moved at a steady pace until September when the government announced its latest round of measures aimed at cooling the property market, said CB Richard Ellis (CBRE).Sales activity slowed down and market sentiment was dampened as...
Continue Reading • 24 Sep 2010
Singapore and China top nominees for MIPIM Asia Awards
Singapore and China top the list of nominees for the 4th MIPIM Asia Awards, which recognises real estate projects in the Asia-Pacific region annually. Out of the 24 nominees, 17 went to projects from Singapore and China.The international jury headed by Dr. Robert Lie, managing director of Real...
Continue Reading • 23 Sep 2010
Private home prices to see minor dip
Prices of private homes are likely to see a slight decline due to the government’s recent cooling measures, said Liew Mun Leong, chief executive and president of CapitaLand.Private home prices were on track to dip “a little” as a result of the new measures aimed at dampening...
Continue Reading • 23 Sep 2010
Redas still confident on property market
While property developers are generally coy on the effect of the recent measures aimed at cooling the real estate market, some are optimistic in the long-term prospects of the property market.Simon Cheong, president of Real Estate Developers' Association of Singapore (Redas), said the recent...
Continue Reading • 23 Sep 2010
Condo site in Hougang awarded to Sim Lian
A land parcel at Hougang Avenue 7 has been awarded to property developer Sim Lian Land Ltd after it offered the highest bid in a public tender that closed on September 17.The firm offered $160 million, beating other developers during a public tender for the site conducted by HDB.The 99-year...
Continue Reading • 22 Sep 2010
Two residential sites up for sale
HDB has released two residential sites located at Upper Serangoon and Woodlands Avenue 1 / Woodgrove Avenue for sale.The two sites, which will be launched for sale under the Confirmed List of the H2 2010 GLS Programme, can potentially yield 805 dwelling units, offering home buyers more housing...
Continue Reading • 22 Sep 2010
More high-end property launches in 2011
Several developers said they believe that the recent set of government measures aimed at dampening the demand for HDB flats and private homes will mostly affect mass market homebuyers.They are also hoping that the new launches, which are mainly for homes in the mid-tier, high-end and luxury...
Continue Reading • 22 Sep 2010
JLL sells Naung Court for $28m
Global real estate services firm Jones Lang LaSalle has announced that it successfully sold Naung Court at Jalan Naung to Orion-Two Residential Ltd. at around $28 million, or about $662 psf ppr if DC is payable.To date, only one unit of the 20-unit development has yet to sign the Collective Sale...
Continue Reading • 21 Sep 2010
Which is better: leasehold or freehold?
A red-hot property market is characterised by the way 99-year homes are being sold at skyrocketing prices compared to freehold units.Most homebuyers previously disregarded leasehold homes, believing that freehold units were better in terms of long-term value.While a freehold title gives the...
Continue Reading • 21 Sep 2010
Property hunters becoming more guarded
While the government’s recent cooling measures are expected to affect the HDB resale and entry-level private condo markets, they could also be causing homebuyers in the high-end segment to be more guarded, judging by buyers response to the launch of the Twin Peaks project. Project...
Continue Reading • 20 Sep 2010
URA releases two residential sites for sale
The URA has released two residential sites located at Stirling Road and Sembawang Greenvale for sale.The site located at Stirling Road (Parcel B) site is launched for application for sale under the Reserve List of H2 2010 GLS Programme, while Sembawang Greenvale (Phase 3) is made available for...
Continue Reading • 17 Sep 2010
Home sales fall after cooling measures
Several analysts have warned investors to exercise caution when dealing with shares of companies that are highly exposed in the residential market, given the expected decline in home sales this September due to the impact of the cooling measures introduced by the government at end-August.However,...
Continue Reading • 17 Sep 2010