Eye on Marine Parade: Reclaimed Glory
Just over 40 years ago, it would have been rather hard to imagine Marine Parade's mere existence. Built entirely on reclaimed land in the 1970s, Marine Parade was developed covering 50 hectares to house over 7,000 units of flats.
Continue Reading • 24 Oct 2014
Fragrance Court up for collective sale
The regularly-shaped freehold site has an area of about 38,220 sq ft, and is zoned "Residential" under the URA Masterplan 2014 with a plot ratio of 1.4.
Continue Reading • 23 Oct 2014
Developers, buyers adapting to market conditions: CBRE
Smaller homes will continue to be a preferred choice for developers and homebuyers, according to a CBRE report.
Continue Reading • 21 Oct 2014
The Crest relaunched at lower prices
The Crest has re-opened its showflat, with units priced at five to 10 percent lower than when previously launched in June.
Continue Reading • 17 Oct 2014
ERA eyes huge chunk of GCB market
ERA Realty Network has recruited 60 agents from JLL Residential who specialises in the landed housing and Good Class Bungalow (GCB).
Continue Reading • 17 Oct 2014
Condos below $1.25mil preferred
The majority of new private home sales in the non-landed segment in H1 2014 were priced below $1.25 million, according to a study by CBRE.
Continue Reading • 16 Oct 2014
Luxury property sellers willing to negotiate
Several ultra-rich buyers are now starting to scour the market for bulk acquisitions of underpriced high-end residential units with potential for long-term capital appreciation.
Continue Reading • 16 Oct 2014
Lian Beng's net profit up 58.5% in Q1
Lian Beng Group's net profit soared 58.5 percent to $11.97 million and revenue rose 10.8 percent to $167.64 million.
Continue Reading • 14 Oct 2014
Influx of shoebox units to drag down property prices
Small condominiums will bring large problems to big developers as a huge number of “shoebox” units are expected to enter the market next year,...
Continue Reading • 13 Oct 2014
ABSD could shrink developers' profits by 50%
Under the Residential Property Act, developers are required to pay an Additional Buyer Stamp Duty (ABSD) of 10 percent for land bought after December 2011 and 15 percent for land acquired after January 2013.
Continue Reading • 8 Oct 2014
Buyer profile impacts narrowing price gap
The price gaps for secondary private residential market in Core Central Region versus the Rest of Central Region and Outside Central Region have been narrowing since the market softened.
Continue Reading • 7 Oct 2014
Resale volumes of private condos down in Q2
Resale volumes of private condominiums in Singapore plunged to levels last seen during the Global Financial Crisis.
Continue Reading • 7 Oct 2014
Marina One Residences to launch next weekend
Developer M+S plans to release 150 to 200 units which will be priced from $1,960 to $3,100 psf.
Continue Reading • 3 Oct 2014
Margin compression a threat among local developers
Margin compression is a real threat among property developers in Singapore as the government is unlikely to relax its property cooling measures anytime soon.
Continue Reading • 3 Oct 2014
Aspial sells The Hillford unit for $1.55 million
Aspial Corporation's subsidiary World Class Development (North) has sold a unit in The Hillford for $1.55 million, which includes a discount of $52,937.
Continue Reading • 3 Oct 2014
Potential sellers unlikely to lower price expectations
Many sellers are not in any urgent need to dispose their properties as many have already gained from earlier property trades, and some may even be still sitting on paper profits if they made their investments in the earlier up-cycle.
Continue Reading • 2 Oct 2014
TEE Land's net profit more than triples
Singapore-listed TEE Land Ltd’s profit after tax surged to $2.7 million in the first quarter ended 31 August 2014 (Q1 FY2015) from $0.6 million a year ago.
Continue Reading • 2 Oct 2014
Private property prices continue to drop in Q3
The private residential property index fell 1.3 points to 208.1 points in Q3 2014 -- the fourth continuous quarter of price decrease.
Continue Reading • 1 Oct 2014
Resale private home prices unchanged in August: SRPI
Resale prices of private homes in Singapore remained largely unchanged in August, according to Singapore Residential Price Index (SRPI) flash estimates.
Continue Reading • 30 Sep 2014
Rental volume grows as buyers wait for further price drops
More homeowners are deciding to sell their property before prices fall further and wait for heftier price drops before committing to buy.
Continue Reading • 29 Sep 2014