Singapore Property News This Week #271

August 2, 2016

Singapore Property News This Week #271

Residential

Apartment prices for central region rises

June flash estimates from the National University of Singapore (NUS) shows that the Singapore Residential Price Index for Central Region (excluding small units) has climbed 0.7 per cent month on month. This compares with a 0.4 per cent rise in the subindex for Non-Central Region (excluding small units) and a 0.2 per cent gain in the subindex for small units of up to 506 square feet islandwide over the same period. Eugene Lim, key executive officer at ERA Realty Network believes that demand for luxury properties has increased as buyers look to invest for the longer term.

(Source: Business Times)

Queen Astrid Park GCB sold for S$44.5m

A single-storey bungalow in Queen Astrid Park was sold for S$44.5 million. The buyer is understood to be a family member of Goh Hup Jin, son of billionaire paint tycoon Goh Cheng Liang. The price works out to S$1,271 per square foot based on the freehold land area of 35,011 square feet. The site has potential for subdivision into two smaller Good Class Bungalow (GCB) plots. The bungalow is situated off Holland Road and is less than one kilometre from Holland Village MRT Station.

(Source: Business Times)

Smart home app for dwellers at Coral at Keppel Bay

Homeowners of the development, Coral at Keppel Bay, which has sold about 56 per cent of its units for S$2,200 per square foot, can expect to pick up their keys in August. They will be the first in the world to enjoy the Habitap app. The main difference between Habitap and other similar “smart device” apps is that Habitap integrates myriad lifestyle aspects.

(Source: Business Times)

Commercial

Industrial property prices might fall further

Industrial rents and prices have fallen for the fifth straight quarter due to uncertainty in the market and supply outstripping demand. The all-industrial rental index saw a 6.1 per cent year-on-year dip and a 1.7 per cent on a quarterly basis.

(Source: Business Times)

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by Propwise.sg on August 2, 2016 · 0 comments

Posted in Singapore Property News

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