A Housing Board flat means different things to different people - a home, of course; an investment; a source of income; and for couples, an application for a flat can even mean an informal proposal. People are now far more financially savvy and would consider long and hard the long-term financial impact of buying their … Continue reading Unlocking the value of our homes in retirement
Property News
Allgreen snaps up two collective sale sites
A developer run by property tycoon Robert Kuok has scooped up two collective sale sites in the upscale Bukit Timah area. Allgreen Properties acquired Royalville for $477.94 million or $1,960 per sq ft per plot ratio (psf ppr), well above the $368 million asking price, perhaps because the site is near the Sixth Avenue MRT … Continue reading Allgreen snaps up two collective sale sites
Plum Holland Road land site put up for tender
A commercial and residential site in Holland Road was put up for sale yesterday under a dual-envelope concept and price tender that will close on March 20. Located near Holland Village MRT station, the site can have a maximum gross floor area of 59,715 sq m, of which, up to 13,500 sq m can be … Continue reading Plum Holland Road land site put up for tender
En bloc deals could ‘pose risks to sustainable conditions’ in property market: MAS
SINGAPORE: The revival of the en bloc market could bring about risks to the “sustainable conditions” in the local property market, said the Monetary Authority of Singapore (MAS) in its latest Financial Stability Review released on Thursday (Nov 30). Developers, potential buyers and lenders should “proceed cautiously” with a medium-term view of the market's supply-demand … Continue reading En bloc deals could ‘pose risks to sustainable conditions’ in property market: MAS
How Sun Park sold en bloc for $81.09m on third try
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
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
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