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
Property News
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
Derby Court, Parkway Mansion sold en bloc
It's third time lucky for the collective sale attempts by two private residential developments, Derby Court and Parkway Mansion. Both properties have been sold after two earlier unsuccessful forays into the collective sale market. RH Developments, a subsidiary of Roxy-Pacific Holdings, won the tender for Derby Court with a bid of $73.88 million, well above … Continue reading Derby Court, Parkway Mansion sold en bloc
Cairnhill Heights to launch collective sale bid
The Cairnhill area in prime District 9 is turning into a collective sale hot spot with a third site about to hit the market in a little over two months. The latest candidate is Cairnhill Heights, a freehold private site in Cairnhill Rise that is a short drive from the Orchard Road shopping belt and … Continue reading Cairnhill Heights to launch collective sale bid
Home prices ‘could rise by 8% next year’
An "up cycle" for Singapore property may last into 2020, Morgan Stanley said, with estimates that home prices will climb by as much as 8 per cent next year. Mr Wilson Ng, a property analyst at Morgan Stanley, said developers' valuations are attractive based on discounts to net asset value and price-to-book ratios. He has … Continue reading Home prices ‘could rise by 8% next year’
Spring Court restaurant owner pays S$52.9m for Jervois Green
Jervois Green, a four-storey freehold development at 100A Jervois Road, has been sold for S$52.9 million to investors led by Mike Ho, third-generation owner of Spring Court, one of Singapore's oldest Chinese restaurants. The price works out to a land rate of S$1,601 per square foot per plot ratio inclusive of an estimated S$6.95 million … Continue reading Spring Court restaurant owner pays S$52.9m for Jervois Green
Fresh Start in home ownership for over 30 families
More than 30 families have successfully applied for a Housing Board flat under the Fresh Start Housing Scheme, said Minister for National Development and Second Minister for Finance Lawrence Wong in a Facebook post yesterday. The scheme, which was launched in December last year, aims to help families with at least one child below the … Continue reading Fresh Start in home ownership for over 30 families
Singapore home loan rates starting to climb
All three local Singapore banks have raised their home loan rates as interest rates continue to spike, and mortgage advisers warn of more hikes to come. DBS Bank, OCBC Bank and United Overseas Bank (UOB), which collectively account for the lion's share of the housing loan market, have raised the interest on their fixed-rate and … Continue reading Singapore home loan rates starting to climb
FCL tops bids for former Zouk site at S$955m
SINGAPORE - Frasers Centrepoint Limited trumped nine other bidders with an offer of $955.4 million for a residential plot in Jiak Kim Street, the former site of popular nightspot Zouk. Separately, Allgreen Holdings emerged top among seven bidders for a residential parcel in Fourth Avenue, lodging a tender of $552.96 million. The two 99-year leasehold … Continue reading FCL tops bids for former Zouk site at S$955m
URA to launch tender for West Coast Vale reserve list site
The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the residential site at West Coast Vale for sale by public tender. The land parcel was made available for sale on the reserve list of the Second Half 2017 Government Land Sales Programme. URA said on Monday that received an … Continue reading URA to launch tender for West Coast Vale reserve list site
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