Gillman owners appalled with Interlace preview
Gillman Heights’ home owners were disappointed because of what they witnessed during yesterday’s private preview for the new project The Interlace. As Gillman will be knocked down to accommodate the new project, its owners complain that the units being offered to them at...
Continue Reading • 17 Sep 2009
August home sales slow but solid
Developers sold fewer homes in August than in July but the number of units sold is still solid, according to the Urban Redevelopment Authority.The purchasing frenzy that animated the sales of housing units in July tapered off in August as 1,699 new private homes changed hands. That can still be...
Continue Reading • 17 Sep 2009
Investors take brunt of Government announcement
The Singaporean Government’s plans to offset unwarranted speculation in the property market brought the momentum of investors to an abrupt halt on Monday. The said counter measures also caused the Straits Times Index (STI) to slide.During the week’s first trading session, the market...
Continue Reading • 16 Sep 2009
Developers push through projects launching
Despite measures that were announced on Monday by the government to cool down an overheating market on private housing, a number of developers still intend to proceed with plans to start on their projects.According to a CapitaLand spokeswoman, the CapitaLand Residential began to preview yesterday...
Continue Reading • 16 Sep 2009
Retail rents in Orchard Road declining
The most recent report of CB Richard Ellis (CBRE), a multinational real estate firm, shows that the prime retail rents in Orchard Road continue to slide down as it fell 3 percent quarter-to-quarter in Q3 of 2009 to $32.90 per sq. ft. per month (psf pm).The said report is in line with the fall of...
Continue Reading • 15 Sep 2009
High hopes for REIT markets in Asia
According to Anthony Ryan, the head and managing director of JP Morgan’s real estate investment banking, the structure of the real estate investment trust (REIT) still has relevance in the rest of Asia, particularly in Singapore. Mister Ryan expects that over the next two...
Continue Reading • 14 Sep 2009
Home buyers prefer smaller units
In the past few months, smaller housing units have taken the larger slice of home sales. Two-bedder units and studio-type apartments remain the top picks for buyers in several of the latest property launches, implying that home-seekers remain price sensitive. Generally, home purchasers are...
Continue Reading • 14 Sep 2009