Home owners are taking Singapore's latest en bloc craze to a new level, with mega developments - sitting on sites close to or over one million sq ft each - joining the bandwagon. Owners of Mandarin Gardens, a 99-year condominium on a one million sq ft plot off East Coast Park, have given the green … Continue reading Juggernaut sites take en bloc game to new level
Category: Residential
‘Long winter’ ending for S’pore property market, say analysts
Singapore home prices have risen for two consecutive quarters, and are expected to increase by about 5.5 per cent this year.PHOTO: ST FILE The worst may be over for Singapore's property slump. After a four-year slide in private residential prices, analysts are now calling an end to the property downturn. Singapore home prices have risen … Continue reading ‘Long winter’ ending for S’pore property market, say analysts
Commentary: What happens when the en bloc musical chairs stop?
Two National University of Singapore experts discuss the impact of collective sales on the private housing market, including whether prices will continue to edge up. Prospective buyers at a condominium showroom. (TODAY file photo) SINGAPORE: 2017 has been a year of revival for the Singapore property market. A surge in transaction volume in the private … Continue reading Commentary: What happens when the en bloc musical chairs stop?
Hollandia, Balmoral Gardens put up for collective sale
Hollandia is up for sale at an indicative price of over $163 million, at a land rate of $1,515 per sq ft per plot ratio. Two sites in the prime District 10 area have been put up for sale as the collective sale fever shows no sign of abating. Hollandia is up for sale at … Continue reading Hollandia, Balmoral Gardens put up for collective sale
Marina One, Duo set to make big impact on property scene
The two eye-catching developments that have been built on sites that were part of a landmark pact between Singapore and Malaysia look poised to make a major impact on the commercial and residential property markets. Blue-chip tenants, including Facebook and Prudential, have already signed up for office space at the integrated developments, while many of … Continue reading Marina One, Duo set to make big impact on property scene
Developer sales of private homes, ECs hit four-year high
Developer sales of private homes and executive condominiums (ECs) hit the highest in four years in 2017. There were 14,707 units moved, according to early estimates, 23 per cent higher than the 11,971 units sold in 2016. These included 10,682 private residential units, 34 per cent more than the 7,972 units sold in 2016. Sales … Continue reading Developer sales of private homes, ECs hit four-year high
Home loans get pricier as banks hike interest rates again
Home loans are getting more expensive as banks jack up mortgage rates again to as high as 2.05 per cent, the second increase in as many months, in line with sharply higher interest rates. This could dent some of the enthusiasm in the buoyant property market. One banker also warned that rising interest rates, coupled … Continue reading Home loans get pricier as banks hike interest rates again
SingHaiyi bags Clementi residential site for $841m
It is third time lucky for the owners of Park West. Developer SingHaiyi Group has snagged the residential site in Clementi for $840.9 million amid the ongoing collective-sale fever. Park West is located in Jalan Lempeng, near the Clementi MRT station. It is being acquired by Sing-Haiyi Gold, a 50-50 joint venture between SingHaiyi's wholly … Continue reading SingHaiyi bags Clementi residential site for $841m
Singapore Property Rebound Just Starting as Prices Seen Jumping
Credit Suisse Group AG and Morgan Stanley are calling the end of Singapore’s property downturn, after a second consecutive quarterly increase in private residential prices. Home prices may rise as much as 10 percent this year, according to analysts at Credit Suisse, while Morgan Stanley and OCBC Investment Research expect as much as an 8 … Continue reading Singapore Property Rebound Just Starting as Prices Seen Jumping
Unit at The Marq sold at $4.9 mil loss
The highest recorded loss in the week of Dec 15 to 26, 2017 was from the sale of a four-bedroom unit at the ultra-luxury condominium The Marq on Paterson Hill. The seller bought the 3,089 sq ft unit from the developer for $15.2 million ($4,920 psf) in 2012. He sold it for $10.28 million ($3,328 … Continue reading Unit at The Marq sold at $4.9 mil loss
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