Singapore Property News This Week #141

Residential Developers more cautious in EC bidding Analysts say that developers are now showing more caution in bidding for executive condominium (EC) sites after the tender for a 99-year leasehold site at Canberra Drive. The highest bid out of six bidders was $226 million, or $350.04psfppr, from a joint venture between Verwood Holdings, a unit…

Singapore Property News This Week #80

Residential The Topiary at Seletar Hills to open for e-application 700-unit The Topiary, an EC development along Fernvale Lane, at Seletar Hills has been opened for e-application. The development with a mix of two-bedroom, three-bedroom, dual-key, and single-storey penthouses is expected to fetch from $700-$720 psf. There are mainly three- and four- bedroom units, with…

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 #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…

Singapore Property News This Week #41

Residential A slew of projects awaiting their launches The slew of projects waiting to be launched include both residential and office projects. First up for the residential projects is Tuan Sing’s Seletar Park Residence located in Seletar. The 99-year leasehold 276-unit, five-storey condominium development consists of 93 one-bedroom, 113 two-bedroom, 46 three-bedroom and 24 four-bedroom…

Singapore Property News This Week #37

Residential Strong sales at Parc Rosewood 99-year leasehold five-storey 689-unit Parc Rosewood located along Woodlands Avenue 2/Rosewood Drive had sold 165 of its 236 released units. A good 120 of them (mainly one- and two-bedroom units with a few three-bedroom units and penthouses) were sold during the first four hours of the preview launch, and…