Singapore Property News This Week #102

Residential March sees 0.9% increase in non-landed private home prices According to NUS’s overall Singapore Residential Price Index (SRPI), the prices of completed non-landed private homes excluding ECs saw a 0.9% rise in March, compared to a 1.2% fall in February. This was largely due to the Central Region sub-index (excluding small units), which saw…

Singapore Property News This Week #100

Residential 6 freehold units at 8 Nassim Hill up for bulk sale The six units are part of 8 Nassim Hill, a freehold condominium project with 16 luxury triplex apartments with private rooftop pools and gardens. They consist of three penthouses and two townhouses (3,218-4,338 sq ft) and a corner townhouse (5,759 sq ft). Originally…

Singapore Property News This Week #78

Residential Transaction volumes down for apartments worth $10m and more Only 33 luxury condos and apartments worth $10 million and above were sold in the first 10 months of 2012, compared to 57 units in the same period a year ago. The 33 units are worth a total of $449.6 million, 44% down from the…

Singapore Property News This Week #74

Residential Developer sales in September break 2010 records 2,621 private homes excluding ECs were sold in September, an 83.7% increase from August and the highest since July 2009’s 2,772 units, thus bringing the total units sold this year to 17,927 units, up 12.7% from 2011’s full-year record and 10% from 2010’s full-year record. This is…

Singapore Property News This Week #72

Residential Q3 private home price index increased by 0.5% The overall private home price index increased by 0.5% in Q3, compared to the 0.4% increase in Q2. The Outside Central Region, Rest of Central Region and Core Central Region posted an increase of 1%, 0.7% and 0.2% increase in Q3. This brings the year-to-date increase…

Singapore Property News This Week #67

Residential Foreign buyers active in the property market again After the decline in foreign buyers following the ABSD, there are signs that foreign buyers are becoming active in the property market again, with the four largest nationalities in Q2 being Malaysians (6.3%), Indonesians (4.7%), mainland Chinese (4.4%) and Indian nationals (3.0%). The largest increase came…

Singapore Property News This Week #66

Residential Sims Drive freehold factory sold for $43m The landed factory near the junction of Sims Drive and Lorong 17 Geylang which sits on a 34,912.7 sq ft site was sold to a subsidiary of Fong Tat Group at $43.18 million or $495 psf ppr based on the 2.5 GPR. No development charge is payable…

Singapore Property News This Week #61

Residential H1 2012 sales are higher than H1 2011’s despite fall in June Developers sold a total of 1,371 units, excluding ECs, in June, a 19.5% fall from May’s figures but a 16% increase from June 2011. Despite this, the total for H1 2012 is 12,098 units, up from H1 2011’s 8,039 units and nearly…

Singapore Property News This Week #54

Residential Latest CBS figures reflects effective cooling measures 58.3% of the 15,410 Singaporeans/PRs granted private home mortgages (including refinancing cases) in Q1 2012 did not have any outstanding home loans either for a HDB flat or private residential property, compared to the 56.4% and 53% for the whole of 2011 and 2010 respectively. This may…

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….