At least one in two people plan to buy a home, and more are looking to buy this year than in the past. Of the 611 respondents to the EdgeProp-Knight Frank Homebuyers’ Sentiment Survey, 55.6% said they were looking to purchase a residential property in Singapore in the next 12 months. The survey was jointly … Continue reading More looking to buy homes in 2018
Category: Residential
Time to introduce a wealth tax in Singapore?
The question is not whether taxes will be raised in Singapore but when. When both the Finance Minister and the Prime Minister put it like that, it is, as they say in Singlish, "double confirmed". So, when? Some of the smart money is on this year. I would not bet on it, but you could … Continue reading Time to introduce a wealth tax in Singapore?
Private home prices up 1% for 2017: URA
SINGAPORE: Private home prices increased by 1 per cent for the whole of 2017, after declining 3.1 per cent in 2016, according to the latest flash estimates from the Urban Redevelopment Authority of Singapore (URA) on Tuesday (Jan 2). In its press release, URA said overall, the private residential property index increased 1.0 point from 137.6 points in … Continue reading Private home prices up 1% for 2017: URA
HDB resale flat prices drop 1.5% in 2017 after 0.2% dip in Q4: Flash data
SINGAPORE - HDB resale prices edged down 0.2 per cent in the final quarter of last year, making for a full-year price drop of 1.5 per cent, according to flash estimates from the Housing and Development Board (HDB) on Tuesday (Jan 2). This means the decline in HDB resale prices last year was steeper than the 0.2 … Continue reading HDB resale flat prices drop 1.5% in 2017 after 0.2% dip in Q4: Flash data
Sengkang Central and Hillview sites launched for sale based on concept and price
URA announced on Dec 28 that it has launched the sites at Sengkang Central and Hillview Rise for sale as part of the 2H2017 Government Land Sales (GLS) programme. Unlike other GLS tenders, submissions for the two 99-year leasehold sites will not be awarded based on price alone but by a concept and price revenue … Continue reading Sengkang Central and Hillview sites launched for sale based on concept and price
Oxley buys property along Balestier Road for $38 mil
Oxley Holdings’ wholly-owned subsidiary Oxley Amethyst has exercised the option to purchase a cluster of properties along Balestier Road in Singapore for $38.0 million. Oxley on Tuesday after market close announced it is purchasing the properties known as 1, 3, 5, 7, 9, 7A, 9A and 11 Balestier Road from Owen Private Limited in an … Continue reading Oxley buys property along Balestier Road for $38 mil
Kovan Lodge, Ampas Apartments up for collective sale
Two more collective sale sites have hit the market - the freehold development of Kovan Lodge and Ampas Apartments. The owners of Kovan Lodge, which sits on 27,091 square feet of land, are asking for $43 million. Under the Urban Redevelopment Authority's Master Plan 2014, the site is zoned for residential use with a 1.4 … Continue reading Kovan Lodge, Ampas Apartments up for collective sale
Sellers sprint for pot of gold in double-quick time
Even the most optimistic property market observer would not have anticipated the collective sale frenzy that shook up the sector this year. Home owners in many estates were gripped by FOMO - fear of missing out, to those unfamiliar with social media-speak. The record-setting sums being paid by land-hungry developers at state tenders and collective … Continue reading Sellers sprint for pot of gold in double-quick time
Unit at Ardmore Three hits record price of $4,439 psf
On Dec 1, a three-bedroom unit on the penthouse floor at Ardmore Three sold for $4,439 psf, a new high for the project. According to Dominic Lee, head of The Luxury Team at PropNex Realty, prices for luxury properties will continue to soar. “[In this property cycle,] we could easily see prices surpass $5,000 psf in … Continue reading Unit at Ardmore Three hits record price of $4,439 psf
Oxley Holdings awarded Vista Park collective sale at S$418m
THE collective sale of Vista Park in South Buona Vista Road has been awarded to Oxley Holdings at S$418 million, which works out to about S$1,096 per square foot per plot ratio (psf ppr), inclusive of an estimated S$72 million payable to the state to top up the site's lease to 99 years. The site … Continue reading Oxley Holdings awarded Vista Park collective sale at S$418m
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