It is a case of third time lucky for owners at How Sun Park after they finally sold their estate en-bloc - reaping a knockout price in the process. A unit of the SingHaiyi Group is paying $81.09 million for the freehold estate comprising a three-storey development of 20 townhouses. Owners will get about $4.05 … Continue reading How Sun Park sold en bloc for $81.09m on third try
Category: Residential
Hong Kong apartment at The Peak sets new psf record price of S$22,908
HONG KONG - A luxury apartment in Hong Kong's exclusive The Peak district has gone for HK$560 million (S$97.2 million) or HK$132,000 (S$22,908) per square foot, a new record in square footage terms for the world's already most expensive residential market. The apartment, which measures 4,242 sq ft (394 square metres), is part of the … Continue reading Hong Kong apartment at The Peak sets new psf record price of S$22,908
Condo prices up 0.6% in October
Prices for central properties also rose. The prices of private non-landed residential properties in Singapore rose 0.6% MoM in October, according to National University of Singapore’s (NUS) Singapore Residential Price Index (SRPI). SRPI Central also rose 1.2% in October. This includes properties located in Postal Districts 1-4 and 9-11. SRPI Non-Central also marginally increased 0.3% … Continue reading Condo prices up 0.6% in October
Mortgagee sales hit new high in 3Q2017
In 3Q2017, the total number of properties put up for auction increased 26.7% q-o-q, or 14.8% y-o-y, to 209 units. The number of mortgagee listings hit a new high — 82 of 209 (39.2%) — in the period, despite improving market sentiment, according to Knight Frank in a report on Nov 10. Residential properties dominated … Continue reading Mortgagee sales hit new high in 3Q2017
Mayfair Gardens sold en bloc to Oxley Holdings for $311m
The collective sale market continues to thrive, with the latest being Mayfair Gardens, snapped up by listed property developer Oxley Holdings for $311 million. The reserve price was $265 million. Each owner stands to collect a gross sale price of around $1.7 million to $2.89 million once the deal goes through successfully. The private residential … Continue reading Mayfair Gardens sold en bloc to Oxley Holdings for $311m
Vista Park eyes $350m in collective sale tender
Collective sale fever has gone through the roof this week with Vista Park condominium launching a tender yesterday, joining four other candidates trying to sell en bloc in recent days. Vista Park owners are eyeing at least $350 million, which means each unit owner could pocket $1.16 million to $3.5 million - a premium of … Continue reading Vista Park eyes $350m in collective sale tender
Sale of 969 private homes, ECs in October
With a solid showing of private home sales last month, developers should close the year on a strong note, even as the government cautioned it could step in to temper overexuberance in the market. Based on the latest data from the Urban Redevelopment Authority (URA) yesterday (Nov 16), developers sold some 969 new private residential … Continue reading Sale of 969 private homes, ECs in October
Clear signs property market is on the upturn amid en bloc fever, but what next?
The en bloc frenzy this year has caught almost everyone by surprise. To date, a total of 18 residential projects with a total value of S$6.34 billion has been sold this year - the highest in 10 years. This en bloc wave will result in an additional 9,300 new homes injected into the market, going … Continue reading Clear signs property market is on the upturn amid en bloc fever, but what next?
Collective sale fever: Spotlight on decaying home leases
Collective sales have a way of making property owners, other than those getting a windfall, envious. This is especially so in a boom like the current one for houses sold en bloc. These days, besides envy, owners of ageing apartments - whether private or public - may also feel a tinge of anxiety if the … Continue reading Collective sale fever: Spotlight on decaying home leases
Completed condo prices inch up 0.1% in September from August: NUS index
SINGAPORE - Prices of completed non-landed private homes edged up in September, led by shoe-box units, according to flash estimates released by the National University of Singapore's Institute of Real Estate Studies on Monday (Oct 30). Its Singapore Residential Price Index (SRPI) showed prices of these completed properties, which are mostly resale condominiums, inched up … Continue reading Completed condo prices inch up 0.1% in September from August: NUS index
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