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Singapore home prices have reached a bottom and will rebound, while Hong Kong's "crazy" housing market will continue to defy gravity, according to BNP Paribas. "Very significant" income growth will drive the first leg of a recovery in home prices in Singapore, where property ownership as a proportion of household assets is near a record … Continue reading Singapore home prices have bottomed, Hong Kong ‘crazy,’ BNP says

SINGAPORE - The Urban Redevelopment Authority (URA) announced on Friday (Sept 29) morning that it has accepted an application from a developer to put up for sale by tender a prime private housing land parcel, which was the site of the former Zouk at Jiak Kim Street. The sale was triggered after a developer committed … Continue reading $689m bid triggers sale of prime former Zouk site on URA’s reserve list

The freehold Nanak Mansions development in Meyer Road has been bought by an associate of UOL Group in a $201.1 million en bloc deal. It was the fourth freehold residential site in the Meyer-Amber Roads vicinity to have come on the market this year. UOL told the Singapore Exchange in a filing on Thursday (Sept … Continue reading Freehold Nanak Mansions site sold to UOL Group associate for S$201.1 million

Jervois Gardens, a freehold development in River Valley, has been sold to Brownstone, a unit of SC Global, for S$72 million following a competitive tender that ended on Sept 26. The development comprises two low-rise blocks of 14 maisonettes and three apartments at 30F and 30G Jervois Road. Ms Tang Wei Leng, managing director of … Continue reading Jervois Gardens sold en-bloc for $72m to SC Global

KOH Brothers Building & Civil Engineering Contractor Pte Ltd (KBCE), a subsidiary of Catalist-listed Koh Brothers Eco Engineering Ltd, has been awarded a S$225.4 million construction contract of the Circle Line 6 (CCL6). In a Singapore Exchange filing on Monday, Koh Brothers Eco, a sustainable engineering solutions provider, said KBCE's work scope under the contract … Continue reading Koh Brothers Eco’s unit wins S$225.4m Circle Line 6 construction contract

Property affordability sentiment is still subdued in Singapore. Nearly five in 10 Singaporeans intend to purchase a residential property in the near future, according to PropertyGuru’s Regional Consumer Sentiment Survey for H1 2017. Although the home purchase sentiment in the city-state is higher than Thailand’s 43 percent, it is lower than Malaysia and Indonesia with … Continue reading 49% of Singaporeans aspire to buy property in near future

If location is key in real estate, so is timing, as a former owner at Sun Rosier can attest - after he sold too early and missed a multimillion- dollar jackpot from the condominium's collective sale this week. That has got to hurt, but think of the lucky buyer who snapped up the 2,336 sq … Continue reading Sun Rosier in Bartley sold en bloc for $271m

At The Claymore, the seller of a 2,680 sq ft, three-bedroom unit raked in a $3.72 million profit (121%) on Sept 11. The unit was bought in May 1999 at $3.08 million ($1,149 psf) and sold at $6.8 million ($2,537 psf) to a Singaporean buyer, according to the caveat lodged with URA Realis. The profit … Continue reading Three-bedder at The Claymore sold at $3.72 mil profit

On Sept 15, more than 30 units at Reflections at Keppel Bay were snapped up via a placement exercise conducted by property agencies OrangeTee and PropNex Realty. The units were in two 8-storey blocks (Nos 1 and 3) located nearest to the guardhouse at the main entrance fronting Telok Blangah Road, with views of Mount … Continue reading Condos with the most attractive deferred payment schemes

Buying property in an overseas market presents diversification opportunities for your investment portfolio in terms of asset class and geography, as well as the glistening prospect of higher yields. According to 2016 survey findings by property investment company, IP Global, Australia, the UK and Japan are the top three destinations among Singaporeans looking to invest in property … Continue reading Watch out for these risks when buying property overseas