URA releases four residential sites for sale
The URA has released four residential sites located at Tanah Merah Kechil Road, Petir Road, West Coast Link/West Coast Crescent and Alexandra Road for sale.The land parcel located at Petir Road has been launched for sale under the Confirmed List, while the other three sites have been made...
Continue Reading • 1 Sep 2010
HDB releases Pasir Ris site
HDB has released a state land parcel located at the junction of Elias Road and Pasir Ris Drive 3 for application under the Reserve List of the GLS Programme.The 99-year leasehold site, which can be developed into a condominium development or strata landed housing, has a land area of 23,351 sq...
Continue Reading • 1 Sep 2010
SLA releases 33 B&W bungalows for rent
A total of 33 black and white bungalows situated in the Mount Pleasant area have been put up for rent by the Singapore Land Authority (SLA), with sizes ranging from 1,500 sq m to 18,000 sq m, and a gross floor area of between 210 sq m and 1,140 sq m.Approved for residential use, these colonial...
Continue Reading • 1 Sep 2010
Total market cap of Asian REITs up 25 percent
Asian REITs saw a 24.7 percent year-on-year increase in total market capitalisation to US$69.0 billion in the first half of the year, according to a report by CB Richard Ellis (CBRE).The first half of this year also saw the launch of six new REITS, a dynamic period for REIT IPOs in Asia, said...
Continue Reading • 31 Aug 2010
Singapore sees fastest growth in private home prices
Prices of private properties in Singapore jumped 34 percent, the fastest in the world for this year to June 30, and the country’s highest recorded year-on-year growth since 1995, according to a global survey of housing prices by the Global Property Guide.Also included in the top 10 are Hong...
Continue Reading • 30 Aug 2010
Home sales fuelled by new line
Six units at Waterfront Gold and eight at Waterfront Key in the Bedok Reservoir area have been snapped up since last week’s announcement that an MRT station will be developed nearby.The units were snapped up since last Friday when the government announced the Stage 3 details of the Downtown...
Continue Reading • 26 Aug 2010
Yishun land site receives 7 bids
The public tender for a Yishun land parcel located at Miltonia Close has been closed after receiving a total of seven bids.HDB launched the 27,000 sq m land site at Miltonia Close for sale on July 2. It has a maximum gross floor area of 37,800 sq m and a lease term of 99 years. The site could be...
Continue Reading • 25 Aug 2010
Properties pushed out at faster pace
Property developers who are worried about the looming uncertainty in the property market are fast-tracking mass market properties to take profits sooner, said Cheng Wai Keung, chairman of Wing Tai Holdings.As the cooling measures implemented by the government take hold, developers are launching...
Continue Reading • 25 Aug 2010
Singapore residential market easing up
Buying sentiment within the Singapore residential market cooled in the second quarter this year, according to a report released by DTZ Research.Market activity within the private residential market recovered early in Q2 but slowed in mid-quarter due to increased land supply from the GLS...
Continue Reading • 24 Aug 2010
Development charges expected to increase
The residential sector is expected to lead the increase in development charges (DC), which are payable to intensify or enhance the use of some sites.“The upcoming DC rate revision is likely to be monitored closely by industry players as the extent of revision would indicate the government's...
Continue Reading • 24 Aug 2010
Viva Vista project over 80% sold
Over 80 percent of Oxley Holdings' Viva Vista development has been snapped up during its private preview, indicating that shoebox units are still a hit in Singapore.Sizes of the 144-unit project range from 323 sq ft to 1,076 sq ft, with average price starting at $520,000 or $1,450 psf.The...
Continue Reading • 24 Aug 2010
New line set to boost property prices
Property agents say the opening of MRT stations along Phase 2 of the Downtown Line, connecting Bukit Panjang to Rochor will lead to a surge in property prices, particularly in the outskirts of Singapore.HBD flats in Bukit Panjang have seen at least a 10 percent increase in their cash-over...
Continue Reading • 23 Aug 2010
Units at The Parc hit $1,085 psf
Despite a recent increase in average prices, homebuyers still prefer suburban condominium projects located within the proximity of schools and other amenities like shopping centres, eateries and public transportation, with newly completed developments commanding a premium.For instance, four units...
Continue Reading • 23 Aug 2010
Selegie Centre up for public tender
Selegie Centre, a freehold mixed development site at the junction of Selegie Road and Mackenzie Road, has been launched for sale through a public tender, with a price tag of between $110 million to $125 million.Residents and shops owners of the 25-year-old Selegie Centre, which is located in...
Continue Reading • 19 Aug 2010
Landmark site at City Hall receives 14 bids
A commercial landmark site at City Hall, which includes Stamford House, Capitol Building and Capitol Theatre, received a total of 14 bids from ten developers and consortiums.Three separate bids were offered by developer Far East Organization, while two bids were handed in each by Wing Tai...
Continue Reading • 19 Aug 2010
Newton View put up for collective sale
Owners of freehold residential development Newton View have put the estate up for en bloc sale, with an asking price of between $153 million and 155 million, or $1,460 psf ppr to $1,479 psf ppr.Newton View is located at 26 Newton Road and has a total land area of 37,577 sq ft with a permissible...
Continue Reading • 19 Aug 2010
Katong apartments up for collective sale again
Robin Court, with an adjoining bungalow located at Robin Drive, and Amber Glades, situated off Amber Road, are being put up for collective sale for the third time.Amber Glades was first launched for sale in October 2007, with a selling price of $145 million or $1,345 psf ppr, including a...
Continue Reading • 18 Aug 2010
Singapore remains cheaper place to build in than HK, London
A recent report that said Singapore is the costliest Asian nation to build in has been refuted by the director of Davis Langdon & Seah Singapore (DLS), who said that Singapore is still a less expensive place to build in compared to Hong Kong and London.According to data from DLS, Singapore...
Continue Reading • 18 Aug 2010
13 freehold shophouses up for joint-collective sale
Jones Lang LaSalle (JLL) has put up a row of 13 freehold shophouses located along Owen Road up for joint-collective sale by public tender.Zoned for “Residential with Commercial at 1st Storey”, the 15,338-sq-ft site has a gross plot ratio of up to 3.0 and can reach five storeys. It can...
Continue Reading • 18 Aug 2010
Private home sales rebounded in July
Property developers sold 1,544 private residential units in July, a sharp increase from 1,078 in May and 847 in June.“Consumers are obviously coming back in force to buy properties that are priced right,” said Mr. Mohamed Ismail, chief executive of PropNex, citing that the three...
Continue Reading • 17 Aug 2010