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…

Does a 60 Years Leasehold Condominiums Make Sense?

By guest contributor AK When I was told that residential properties in Hong Kong generally come with a 50 years lease, I was amazed. Imagine that someone in his thirties bought a condo in Hong Kong and he lived to be 90 years old.  This effectively means that he could be kicked out of the…

Singapore Property News This Week #63

Residential Busy week for developers the last week Developers had been enjoying a busy week with sales coming in. Freehold 107-unit The Line@Tanjong Rhu has also sold 15 units at an average price of $2,100 psf. 54-storey 510-unit 99-year V on Shenton has sold almost 50 units in the last week, bringing the total transacted…

Singapore Property News This Week #44

Residential Freehold Westvale Condominium up for collective sale The 32-unit strata walk-up development located along 334 Pasir Panjang Road is asking for $85.5 million or $974 psf ppr based on a 1.4 gross plot ratio. The building sits on a 62,710 sq ft site zoned ‘residential’ that can be redeveloped up to a maximum of…

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 #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…