Singapore Property News This Week #135

Residential November new home sales: buyers more selective on location and pricing November’s sales figures for new private homes show that buyers are now more selective on location and attractive pricing. According to data from the Urban Redevelopment Authority (URA), developers moved 1,228 units (excluding executive condominiums) in November, which is a 15 percent increase…

Hidden Dangers in Mixed Development and Mature Estates

By Property Soul (guest contributor) Recently I got a shocking message from my sister: A strong fire broke out in our hometown in the estate where my mother stays.It was built around 15 years ago – a five-block residential development and each block comes with 21 storeys. It is also a mixed development with one…

Singapore Property News This Week #58

Residential Prices for high-end homes likely to fall by 10-20% As the average price gap between the high-end and the mass market residential market narrows from 98% (from Q1 2004 to Q1 2012) to 82% in Q1 2012, the high-end home prices will likely fall a further 10-20% as a result of the ABSD. The…

Singapore Property News This Week #47

Residential Freehold Cavenagh Gardens on the collective sale market The site located along Cavenagh Road is asking for $460 – 480 million or $1,708 – $1,782 psf ppr based on a 2.1 gross plot ratio (excluding balcony allowance) or $1,553 to $1,620 psf ppr (including balcony allowance). The 128,256-sq ft site is zoned residential and…

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 #30

Residential Increased demand of commercial and industrial units expected While sales for residential projects have been slower since the introduction of the Additional Buyer Stamp Duty (ABSD), there are still some buyers. Developers and agents selling small strata-titled commercial and industrial units are expecting increased demand from investors who are unwilling to pay the ABSD,…

Singapore Property News This Week #28

Residential Reversal for prices of non-landed private homes – prices rose by 0.9% After three months of negative or zero growth, prices of non-landed private homes rose by 0.9% in October, according to National University of Singapore’s (NUS) Singapore Residential Price Index (SRPI). Prices of new launches were strong in the earlier months but prices…

Singapore Property News This Week #26

Residential 540,314 sq ft Upper Thomson site, 24,265 sq ft Lavender site and 17,997 sq ft Mount Elizabeth site up for sale 540,314 sq ft Thomson View Condominium located along Upper Thomson Road is zoned for residential use. The gross plot ratio is 2.1 with a maximum height of 24 storeys. The site with 65…

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 #24

Residential Laguna Park and Henry Park up for sale The reserve price of 677,493 sq ft Leasehold Laguna Park located along Marine Parade Road is $1.25 billion, about $954 psf ppr including a differential premium of about $560 million. Zoned for residential use at a plot ratio of 2.8, it has a 1.9 million sq…