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
Property News
Blockbuster land deals signal property boost for next year
A series of blockbuster land deals in Singapore this year signal the property market is set to break out of its prolonged slump next year. A Chinese group lobbed a winning record bid for a residential plot, while Guocoland paid a record per-square-foot price for an office development site in the Central Business District. Office … Continue reading Blockbuster land deals signal property boost for next year
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
More estates get in on collective sale action
Pearlbank Apartments, the familiar building in Outram shaped like a horseshoe, will go on the market in two weeks. There will be much interest in Pearlbank among developers given the estate's location near Pearl's Hill City Park, Outram Park MRT station and the Central Expressway, as well as its potential as a redevelopment site.PHOTO: COLLIERS … Continue reading More estates get in on collective sale action
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
11 Balmoral Rd up for collective sale for $75m asking price
Yet another residential development has been launched for a collective sale, this time at 11 Balmoral Road. All owners of the 17-unit freehold development in prime district 10 have given their approval for the sale. The sole marketing agent, JLL, said that owners are asking for $75 million, which translates to an estimated land rate … Continue reading 11 Balmoral Rd up for collective sale for $75m asking price
URA’s request for en bloc tender details intrigues market
SINGAPORE (THE BUSINESS TIMES) - The Urban Redevelopment Authority (URA) is seeking detailed information on the tender results of private-sector en bloc sales from marketing agents, including the names of all bidders and their bid prices. Some market watchers think it may be gathering information with which to formulate the Government Land Sales (GLS) Programme for the … Continue reading URA’s request for en bloc tender details intrigues market
Dunearn Court sold; Mayfair Gardens up for sale
Dunearn Court in prime District 11 has been sold for $36.3 million while Mayfair Gardens has been put up for collective sale. Each owner at the 12-unit Dunearn Court will get about $2.91 million to $3.12 million, which works out to around $2,004 per sq ft (psf) to $2,140 psf. The 19,203 sq ft freehold … Continue reading Dunearn Court sold; Mayfair Gardens up for sale
Mayfair Gardens in collective sale bid
Mayfair Gardens, a residential redevelopment site off Dunearn Road in Bukit Timah, is being launched for collective sale on Monday with a reserve price of S$265 million. This translates to a land rate of S$1,058 per square foot per plot ratio (psf ppr), including an additional lease top-up premium of S$43.7 million payable to the … Continue reading Mayfair Gardens in collective sale bid
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