Money making schemes in home sales
Like luring a fish with worm bait, many developers are creating schemes to attract more investors in purchasing properties. Since investors buy properties to gain from them through renting, rental guarantees have been made for several properties. For instance, Far East Organization proposes...
Continue Reading • 12 Oct 2009
CTC’s right issue pulls down others
The portfolio’s value of office real estate trust (REIT) fall 10.15 percent made CapitaCommercial Trust (CCT) decided to raise $828.3 million due to an issue in rights, which will lessen the gearing. According to CCT, Singapore properties lost an estimated amount of $640,000 yesterday since...
Continue Reading • 12 Oct 2009
Property investment industry goes back to basics
A panel discussion of speakers yesterday noted that the global economic crisis has caused the property investment landscape to change significantly.In an annual real estate conference and exhibition for investors, Blake Olafson, Asia real estate group’s head and director said property...
Continue Reading • 12 Oct 2009
Property investors got new opportunities
The world’s real estate sector has borne the burden of today’s sub-prime fallout through troubled times.However, organisers of the current Cityscape Asia exhibition and conference say that this year will be the start for investors to pick up undervalued assets from economies of...
Continue Reading • 12 Oct 2009
Large unit launches up ahead
More and more developers are getting involved, commencing more units, in the buying wave. A 999 year-old leasehold townhouse, The Wharf Residence of Mohamed Sultan Road has opened 100 two and three-bedroom units to the public. Several of these 100 units were carried over from a recent...
Continue Reading • 12 Oct 2009
Land sales revenue falls 41 percent
In the previous financial year ended March 2009, government land sales revenue dropped by 41 percent to S$7.3 billion.However, according to several analysts, land prices have in fact grown 30 percent within the last six months despite the drop for the full year. It also created concerns which...
Continue Reading • 9 Oct 2009
Higher sales proceeds as property market's activity resumes
In the year ended March 2009, the Singapore government collected around $7.3 billion profit from state land sales, $5.1 billion less than the $12.4 billion recorded in 2008.The figures had been released yesterday in the latest annual report of the Singapore Land Authority.For the recent financial...
Continue Reading • 9 Oct 2009
DTZ expects minimal drop for retail rents
DTZ, the property consultancy, anticipates a slight dip in retail rents for the remaining months in 2009 as well as in 2010. “Although investment activity has risen, retail spending remains weak and depends on the extent of economic recovery,” said Chua Chor Hoon, the head of...
Continue Reading • 8 Oct 2009
15 bids for Serangoon residential site
As 15 developers submitted their bids for the 99-year-leasehold site located in Avenue 3 in Serangoon, the intense competition for residential lands have not shown any sign of abating.To date, the number of bids was the highest for government residential land. Each of the last 3 tenders had drawn...
Continue Reading • 8 Oct 2009
6 out of 10 units sold out
Yesterday, the SC Global Developments announced that it will release in its Seven Palms Sentosa Cove condo around 10 out of its 41 total flats at $3,300 per sq ft average price. Prices for absolute quantum begin at around $8.5 million per flat.Recently, the high-class developer has sold six out...
Continue Reading • 8 Oct 2009
Recovery in home prices continue in Q3
After reaching the lowest point in Q1 of 2009 due to the upshot of the global financial crisis, the DTZ’s latest figures show that completed non-landed and landed private home prices in different segments have continued to recover in Q3.The average price of completed freehold prime district...
Continue Reading • 7 Oct 2009
Seven Palms at Sentosa Cove sets price records
SC Global Developments, an upscale developer, has reportedly sold six flats at its Seven Palms at Sentosa Cove condominium for $3,100 per square foot to $3,400 per square foot - record-setting prices for the upmarket waterfront residential district. The three and four-room flats were...
Continue Reading • 7 Oct 2009
Asian banks to control property prices
Adopting a more belligerent stand to prevent the formation of asset bubbles, regulators and Asian central banks initiates to control the property price increases.Last month, South Korea and Singapore have already started to tighten the governing rules of loans to the property sector. Soon, the...
Continue Reading • 6 Oct 2009
Developers getting ready for project launching
At present, developers have been busy in preparing for their projects’ launching. However, the project’s release, which could be made by the end of this year or on the following year, will depend upon the conditions of the market, 'ground feedback' to be received from prospective...
Continue Reading • 6 Oct 2009
Q3 Flash private residential property price index released
Singapore’s Urban Redevelopment Authority (URA) officially released Thursday the flash price index (based on estimates) of private residential properties for Q3 2009.According to the URA’s price index for private housing units, prices surged from 133.3 points in Q2 2009 to 154.5...
Continue Reading • 5 Oct 2009
More executive condos offered for buyers
Despite growing plea for a review, the household income ceiling of $8,000 for benefits of public housing will remain.However, an offer of more executive condominiums (ECs) is being offered by the Government to deal with the needs of those middle-income buyers, whose monthly income ranges from...
Continue Reading • 5 Oct 2009
Increase in price for Singapore private homes
Based on the preliminary government data, which was released Thursday, there was a 15.9 percent surge in prices of Singapore private homes during Q3 from Q2. It also highlighted concerns regarding the present bubble in the property market.Last month, the government of Singapore announced that it...
Continue Reading • 2 Oct 2009
Private property index reflects high popularity
In a complete turnaround from the decreases in the price index over the last four quarters, URA’s price index flash estimate for the third quarter in 2009 shows a promising recovery taking place. The estimated 154.5 is a relatively whopping 15.9% increase over the second quarter’s...
Continue Reading • 1 Oct 2009
New office spaces added in Q3
According to the most recent Singapore Property Market Report written by DTZ consultant – a global real estate adviser – new office space with an estimated record of 1.19 million sq. ft. was added during the third quarter of the year.This addition made an increase of two percent in...
Continue Reading • 1 Oct 2009
Aztech ventures out on property development
The volume of small firms venturing out of their main business to yield huge bets on real estate development is another burning sign for residential housing market. Aztech, an electronics maker, is the most recent company to venture into boutique property development. It joins the likes of...
Continue Reading • 1 Oct 2009