Property Market Latest News

By Romesh Navaratnarajah: A record supply of new homes will come on-stream into Singapore’s property market, with over 100,000 private housing units in the pipeline, said the Urban Redevelopment Authority (URA).AsiaOne reported that the upcoming residential supply will comprise 83,975...

Continue Reading • 5 Nov 2012

By Romesh Navaratnarajah: Overall property market sentiment among senior executives in Singapore’s real estate industry continued to improve in Q3 2012, according to the latest Real Estate Sentiment Index (RESI) survey conducted by the Real Estate Developers Association of Singapore (REDAS)...

Continue Reading • 2 Nov 2012

By Romesh Navaratnarajah: Despite the most recent property cooling measures in the form of new home loan regulations by the Monetary Authority of Singapore (MAS), demand for Good Class Bungalows (GCBs) still appears to be relatively strong, reported The Business Times.Five caveats were lodged in...

Continue Reading • 2 Nov 2012

By Romesh Navaratnarajah: A 24,000 sq ft Good Class Bungalow (GCB) site (pictured) located at the Holland Rise GCB Area in District 10 has been launched for sale by Expression of Interest (EOI). “The property is situated on an elevated ground, at one of the highest points in the exclusive...

Continue Reading • 1 Nov 2012

By Romesh Navaratnarajah:PropertyGuru will feature several premier residential developments from Thailand at its inaugural Thailand Property Show (TPS), taking place this weekend (3 – 4 November) at the Orchard Hotel Singapore. The exhibition will feature 10 developments, including The...

Continue Reading • 1 Nov 2012

By Romesh Navaratnarajah: UK developer Telford Homes will launch its Stratford Plaza development (pictured), located right in the heart of London, at a property exhibition in Singapore this weekend (2 – 4 November) at the St. Regis Hotel. According to exclusive marketing agent Jones Lang...

Continue Reading • 1 Nov 2012

By Romesh Navaratnarajah: The additional buyer’s stamp duty (ABSD) has effectively reduced the number of non-permanent resident foreigners buying private homes in Singapore, thereby increasing the share of Singaporean and PR buyers, The Business Times reported. Of the 23,312 caveats lodged...

Continue Reading • 31 Oct 2012

By Romesh Navaratnarajah: While Singapore’s residential leasing market cooled in September, leasing volume and median rents for Q3 still peaked at record highs, according to data from the Urban Redevelopment Authority (URA) and Savills Research & Consultancy.Last quarter, leasing volume...

Continue Reading • 31 Oct 2012

By Romesh Navaratnarajah: A new record price psf of land area has been set after a Sentosa Cove bungalow was sold for S$32.5 million, or S$3,214 psf on the land area of 10,111 sq ft. The Ocean Drive property was reportedly bought by a Malaysian citizen from a Singaporean investor, noted The...

Continue Reading • 31 Oct 2012

By Romesh Navaratnarajah: Two well-located landed properties, a Good Class Bungalow (GCB) at 27 Olive Road (pictured) and a bungalow at 44 Faber Drive changed hands recently, according to Knight Frank. The GCB was sold for S$26.1 million, or around S$1,114 psf. The house was put up for sale by...

Continue Reading • 30 Oct 2012

By Romesh Navaratnarajah: A five-bedroom penthouse at Heron Bay EC (pictured) has been sold for S$1.774 million, surpassing the previous record set last week when a double-storey penthouse at 1 Canberra, also an EC development, fetched S$1.61 million, reported The Business Times. Analysts noted...

Continue Reading • 30 Oct 2012

By Romesh Navaratnarajah: Private home and resale HDB flat prices are still rising but at a slower pace, according to official data for Q3 2012 released by the government this morning. Figures from the Urban Redevelopment Authority (URA) showed that private home prices inched up 0.6 percent...

Continue Reading • 29 Oct 2012

By Romesh Navaratnarajah: The number of private homes in Singapore purchased by mainland Chinese during the first three quarters of this year plummeted by 48 percent from the same period in 2011, reported The Business Times. According to Knight Frank’s analysis of caveats data from URA...

Continue Reading • 29 Oct 2012

By Romesh Navaratnarajah:The developers behind the much anticipated South Beach mixed-use project (pictured) are preparing to market its residential units, offices and shop spaces, reported AsiaOne. The consortium comprising City Developments Limited (CDL) and IOI Corporation has yet to finalise...

Continue Reading • 29 Oct 2012

By Romesh Navaratnarajah: Singapore’s residential segment has seen relatively fewer investors in recent years, following several rounds of cooling measures, revealed data from Credit Bureau Singapore. From 38 percent in 2010, only 33.5 percent of investors with existing home loans took out...

Continue Reading • 25 Oct 2012

By Romesh Navaratnarajah: The Housing and Development Board (HDB) has clinched six industry awards for its projects. HDB was conferred five awards at the FIABCI Singapore Property Awards 2012. Punggol Waterway (pictured) stood out with its sustainable and high-quality environment, while public...

Continue Reading • 24 Oct 2012

By Romesh Navaratnarajah: Approximately 80 percent of units at Sky Green (pictured) have been taken up following its soft launch, prior to its official launch next weekend, reported The Business Times. Apartments at the 176-unit freehold residential project were selling at an average price of...

Continue Reading • 24 Oct 2012

By Romesh Navaratnarajah:A total of 515 of the 603 units released at eCO (pictured) have been sold just one month after sales began on 22 September. All 240 two- and three-bedroom apartments at the project were snapped up while SOHOs and suites also received strong interest, especially from...

Continue Reading • 24 Oct 2012

By Romesh Navaratnarajah: A residential site (pictured) at Alexandra View (Parcel B) has been triggered for sale, after the Urban Redevelopment Authority (URA) accepted an application from a developer which committed a minimum bid of S$222.89 million.The 0.65-ha site was made available on the...

Continue Reading • 24 Oct 2012

By Romesh Navaratnarajah: An executive condominium (EC) unit in Yishun was recently sold for a record price of S$1.61 million, underscoring how hot this segment of the property market is right now, according to a Savills report. Data from the Urban Redevelopment Authority (URA) revealed that the...

Continue Reading • 23 Oct 2012