3 Reasons Why Developers Can Sell At High Prices

By Property Soul (guest contributor) Have you ever wondered why new projects from developers are able to command a large premium in asking price, sometimes up to fifty percent higher than recently completed nearby projects? An interview with a VIP property buyer Below is an abstract from my interview with a VIP property buyer (as…

The Singapore Property Wealth Trap aka Capital Gains

By Gerald Tay (guest contributor) We can see many property investors on the streets who dream to become millionaires. They behave like the hilarious first round participants of ‘The Next Singapore Idol’ contest who are thick-skinned enough to believe they have ‘it’. My late multimillionaire grandfather said, “The Rich makes money with control, while dreamers…

Singapore Property News This Week #53

Residential Two freehold residential sites up for sale; one at Hillview Ave, another at Amber Road The first is a 230,915 sq ft freehold site located at 63 Hillview Avenue with a 1.92 gross plot ratio and an asking price of $330 million or $925 psf ppr if the $80 million development charge is included….

Singapore Property News This Week #45

Residential HDB upgraders finding it harder to purchase private property With the slower resale market, coupled with decreasing cash-over-valuation (COV) figures, HDB upgraders are finding it harder to upgrade to private properties.Based on PropNex Realty’s February resale deals, median COVs for all flats other than three-room flats fell by $3,000 to $7,000. In January, the…

Singapore Property News This Week #40

Residential Older housing estates to see more resale transactions With the $20,000 bonus for older Singaporeans who sell their flats and purchase three-room or smaller flats, older housing estates in Bukit Merah, Toa Payoh and Queenstown with more senior owners are likely to see more resale transactions. This may lead to a slight increase in…

Singapore Property News This Week #39

Residential Freehold Tai Keng Court up for sale with asking price of $130m Tai Keng Court consists of 56 strata apartments and 23 commercial units in the two blocks sitting on the103,798 sq ft site with a 1.4 gross plot ratio. It can potentially be amalgamated with a 4,988 sq ft state land to yield…

Singapore Property News This Week #34

Residential Freehold Royalville and Ming Arcade up for sale again, with lower asking prices 174,176 sq ft residential Royalville located on Bukit Timah Road is asking $320 million to $370 million, lower than its earlier asking price of $370 million to $400 million. This is about $1,312 psf ppr, or $1,197 psf ppr if it…

Singapore Property News This Week #25

Residential Indian citizens more likely to purchase resale private homes than mainland Chinese, Indonesians and Malaysians DTZ’s analysis showed that 82% of the total of private homes that Indian citizens (PRs as well as non-PR foreigners) purchased in Q3 2011 were from the resale market, twice of what the other three major nationalities (mainland Chinese,…

Singapore Property News This Week #18

RESIDENTIAL HDB launched over 8,200 flats; largest supply offered in a launch so far HDB launched over 8,200 flats for sale under its BTO and SBF exercises; this number is said to be the biggest number of flats offered in a single launch so far. 5,415 new flats in Sengkang, Punggol, Jurong West, Jurong East,…

Singapore Property News This Week #16

RESIDENTIAL The Meyerise sold 70% of its units, and The Luxurie sees 82% take-up The preview for The Meyerise and the official launch of The Luxurie received positive responses. Located at District 15 Meyer Road, the 239-unit freehold The Meyer sold 70% of the 120 units released during its launch, at prices between $1,400 psf…