Singapore Property News This Week #105

Residential Private home deals see a slip in foreigners’ share Foreigners’ share in private home transactions slipped to 20.8% in April, following the recovery to 26.7% in March from Feb’s 23.3% and Jan’s 28%. Conversely, Singaporeans’ share saw the highest monthly share in a year – an increase from 72.5% in March to 78.3% in…

Singapore Property News This Week #97

Residential Freehold Kismis Lodge sold for $84m Kismis Lodge located near Toh Tuck Road has been sold collectively at $84.18 million, or $1,198 psf based on its 70,283 sq ft land area. Zoned for a three-storey mixed landed development, it has can potentially be redeveloped into 43 terrace houses or 32 semi-detached houses, subject to…

Singapore Property News This Week #90

Residential 99-year leasehold Queenstown private housing site attracts 3 bids The 1.2 ha site located at Commonwealth Avenue opposite the Queenstown MRT Station attracted only three bids, with the top bid of $562.8 million, or $883 psf ppr. While the bid prices were within expectations, the number of bids attracted fell below expectations since it…

Singapore Property Prices Reach All-Time High, But…

By Mr. Propwise From the URA’s recent flash estimate of the 4Q2012 Private Residential Property Price Index (PPI), property prices have continued to defy gravity and have even accelerated quarter-on-quarter. The 4Q2012 URA PPI flash estimate hit 211.9 and was up 1.8% on a quarter-on-quarter basis. Singapore property prices at an all-time high… Based on…

5 Most Expensive Landed Properties of the Month

Want to know where the rich are buying? In this article, based on analysis done at PropertyMarketInsights.com, we share with you the five most expensive landed residential transactions ranked by total cost in the month of October 2012, based on the URA data of caveats lodged. While most of us are probably not in the…

5 Cheapest Residential Projects in September

Looking for an affordable property? In this article, based on analysis done at PropertyMarketInsights.com, we share with you the five cheapest non-landed residential projects transacted (including new sales, resale and subsales) in September 2012 ranked by price per square foot, based on the URA data of caveats lodged. This list is a quick way for…

Singapore Property Prices Continue to Defy Gravity in 3Q2012

By Mr. Propwise From the URA’s recent flash estimate of the 3Q2012 Private Residential Property Price Index (PPI), property prices have managed to defy gravity and even managed to register a slight increase in the quarter. The 3Q2012 URA PPI flash estimate hit 208 and was up 0.6% on a quarter-on-quarter basis. At the current…

How Much Do Property Agents Earn?

By Getty Goh (guest contributor) I was recently invited by the Institute of Estate Agents (IEA) to be one of the panel judges for the Realtor of the Year award. Along with my fellow judges, I was given the task of interviewing and identifying a suitable candidate who embodied the values of a model realtor….

Singapore Property News This Week #50

Residential ABSD reimbursing may be a cause for concern To prevent the ABSD from affecting sales, developers have been offering discounts, rebates and even reimbursing the ABSD. This may potentially distort property and loan values and obscure transparency in the market especially since these discounts are given only after the transaction, meaning that the prices…