Residential

Treasure Crest priced at S$742 psf

Sim Lian Group Limited has priced its executive condominium (EC) project Treasure Crest at an average S$742 per square foot (psf).The 504-unit project garnered 1,077 e-applications, after a 10-day e-application period. Sim Lian opines that the strong response to Treasure Crest is due to the development’s attractive pricing, ideal location and the spacious layout of the units.

(Source: Business Times)

New sale of private homes up by 10%

Some market watchers believe that the market for private homes is bottoming out, based on the data from the Urban Redevelopment Authority which was released on Friday. The June sales figure is 42.9 per cent higher than a year ago, signalling a more positive outlook, said JLL national director Ong Teck Hui, CBRE Research’s Head of Singapore and South-east Asia.  Many market experts also highlighted that this year-on-year increase took place despite the fact that there have been fewer new launches.

(Source: Business Times)

SRX non-landed private home price index rises again

Resale prices of non-landed private homes in Singapore rose 0.5 per cent in June 2016 over the previous month, based on SRX Property’s flash estimates for last month released on Tuesday. This marks the fourth consecutive month-on-month price increase. Last month’s price rise applies across the board to all three geographical regions. The prices went up 0.9 per cent in Core Central Region (CCR), 0.3 per cent in the city-fringe or Rest of Central Region (RCR) and 0.5 per cent in the suburbs or Outside Central Region (OCR).

(Source: Business Times)

S$10m deal for smarter estates

The Housing & Development Board (HDB) on Monday signed three agreements for collaboration with industry partners at the World Cities Summit. These new partnerships will enable HDB to tap the expertise of the private industry partners to better plan and design its HDB towns. The first deal is a S$10 million contract that aims to develop a digital master plan and smart hub for HDB towns and estates over four years.

(Source: Business Times)

Commercial

Asia Square Tower 1 sets Asia-Pac record

Singapore’s Asia Square Tower 1 has set the record of being the largest single-asset and office transaction in the Asia-Pacific region with a sale value of US$2.45 billion, according to real estate consultancy JLL. Many experts believe that this sale is a strong signal to the market that Singapore is a choice destination for cross-border investors.

(Source: Business Times)

Join Our Weekly Newsletter

“What you must know before buying Singapore property…”

Sign up to get our free weekly newsletter with the best ideas and market updates from Singapore property experts, property transaction data and deals. Enter your email below to get our FREE Beginner's Guide and Property Buyer’s Checklist as a bonus. Save yourself thousands of dollars and lots of heartache!

Thanks for signing up! Please check your email to download your reports.