Singapore Property News This Week #268
Residential Differences in figures by SRX Property and HDB flash figures HDB resale prices fell 0.6 per cent in June 2016, compared with in May says SRX…
From the archive. Published in 2016. Prices, rules and interest rates may have changed since — check current figures before you decide.
Residential
Differences in figures by SRX Property and HDB flash figures
HDB resale prices fell 0.6 per cent in June 2016, compared with in May says SRX Property’s data. That adds up to a 0.4 per cent drop in the second quarter, which contradicts HDB’s flash estimates that showed resale flat prices increased 0.1 per cent in the second quarter. R’ST Research director Ong Kah Seng opines that the differences was likely because HDB’s flash estimates typically only take into account the first two months of the second quarter, and will not include price movements in June.
(Source: Business Times)
Northwave EC gets 240 e-applications, Treasure Crest EC over-subscribed
Northwave EC in Woodlands received 240 e-applications for the 358 available units while Treasure Crest, was already over-subscribed before its e-application period closes this Sunday. Some consultants believe that location was a key factor for the difference in demand. Northwave is a 10-minute walk to Sembawang MRT Station, whereas Treasure Crest is a relatively short walk to Cheng Lim LRT Station, Sengkang MRT Station and Sengkang Bus Interchange and is close to Tampines Expressway.
(Source: Business Times)
Commercial
9 shop units in Holland Road Shopping Centre for sale
Nine units of Holland Road Shopping Centre and one unit of 211 Henderson, an industrial building, are up for sale, either collectively at a guide price of just over S$24 million or on a piecemeal basis. All of them are freehold units. Experts believe that the units will appeal strongly to end-users who have been on the lookout for shops to purchase and operate and for investors, the freehold status and potential yield return would be key attractions.
(Source: Business Times)
Claremont hotel going for S$90m
The Claremont hotel along Serangoon Road, near the junction of Owen Road, has been put up for sale. The guide price for the eight-storey, freehold budget hotel is about S$90 million, or S$1 million per room. It is located in District 8 and is near Farrer Park MRT Station, Mustafa Centre and City Square Mall.
(Source: Business Times)
