Housing sector to end year on high
By Romesh Navaratnarajah: Singapore’s private home sales volume could reach a total of 21,000 units by year end, given the robust sales recorded during the first three quarters of 2012, according to a report by Knight Frank. In September alone, a record 2,621 new homes changed hands,...
Continue Reading • 23 Oct 2012
Tender for New Upper Changi Road site awarded
By Romesh Navaratnarajah: A residential site (pictured) at New Upper Changi Road (Parcel A) has been awarded to Sherwood Development by the Urban Redevelopment Authority (URA). The developer submitted the highest bid of S$434.55 million for the 31,881.6 sq m site.Launched for public tender on 23...
Continue Reading • 23 Oct 2012
206 Waterbay EC units sold on 1st day
By Romesh Navaratnarajah: Waterbay (pictured), a new executive condominium (EC) located at the junction of Punggol Central and Edgedale Plains has received strong interest, with around 206 of the 383 units available snapped up on the first day of bookings last Friday, according to The Business...
Continue Reading • 22 Oct 2012
Boutique project launches in Farrer Park
By Romesh Navaratnarajah: A new iconic mixed-use development called LE SOMME has been launched in the Farrer Park enclave by boutique developer Splott.Located in Somme Road, the development comprises 25 residential and three commercial units. Units range from 295 sq ft for a one-bedroom apartment...
Continue Reading • 22 Oct 2012
Martin No.38 wins coveted award
By Romesh Navaratnarajah: Martin No.38 (pictured), a loft-inspired development by luxury developer SC Global Developments, was awarded the highest honour of “Best Housing Project” for Completed Developments at the World Architecture Festival held at Marina Bay Sands Singapore.In its...
Continue Reading • 19 Oct 2012
Iconic Matilda House to get new life
By Romesh Navaratnarajah: Left abandoned for more than 20 years, Matilda House in Punggol (pictured) will be refurbished into a condominium clubhouse in 2015, according to a Straits Times report.Located opposite Punggol MRT station, the 417 sq m single-storey house is the last historical bungalow...
Continue Reading • 19 Oct 2012
Bungalow plot near bankers' lane up for sale
By Romesh Navaratnarajah: A modern two-storey bungalow (pictured) located on a prime freehold site in Chee Hoon Avenue is up for sale at an indicative price of between S$20.5 million and S$21.5 million, according to sole marketing agent HSR Investment Sales. The site area is approximately 14,093...
Continue Reading • 18 Oct 2012
Cities need to relook shoebox living
By Romesh Navaratnarajah: The controversy surrounding shoebox units has spurred many diverse viewpoints in the past. And now a new report by Savills Research called “Shoebox units – Is small smart or is bigger better?” is championing the role such homes have in major cities...
Continue Reading • 18 Oct 2012
Bullish bids for New Upper Changi Road site
By Romesh Navaratnarajah: A residential site (pictured) at New Upper Changi Road (Parcel A) attracted strong interest with a total of 11 bids received when the Urban Redevelopment Authority (URA) closed the public tender yesterday.The site has an area of 31,881.6 sq m and a maximum permissible...
Continue Reading • 17 Oct 2012
Punggol set to boom
By Romesh Navaratnarajah: The Housing and Development Board (HDB) has announced plans for the second phase of Punggol’s development, including a new Northshore District that will provide more seafront public housing. According to The Business Times, the Northshore District will be one...
Continue Reading • 17 Oct 2012
Woodlands EC site awarded for S$150m
By Romesh Navaratnarajah: The public tender for a land parcel at Woodlands Avenue 6/Woodlands Drive 16 slated for executive condominium (EC) development, has been awarded to Opal Star and Binjai Holdings, said the Housing and Development Board (HDB). The tie-up offered the highest bid of S$150.18...
Continue Reading • 17 Oct 2012
URA awards Jalan Sultan tender at S$331m
By Romesh Navaratnarajah:Forward Land has been awarded the tender for a hotel or commercial and residential site (with a minimum hotel component) at Victoria Street/Jalan Sultan by the Urban Redevelopment Authority (URA).The 8,423.2 sq m site (pictured) received a top bid of S$331.34 million from...
Continue Reading • 17 Oct 2012
Huge property on sale for S$82m
By Romesh Navaratnarajah: An old two-storey bungalow built on a large site measuring 4,100 sq m is up for sale at an eye-popping price tag of S$82 million, according to The New Paper. Comprising two land parcels of 1,764 and 2,430 sq m, the property at No. 4 Jalan Asuhan could set a new record...
Continue Reading • 16 Oct 2012
Singapore home sales surge to 3-year high
By Romesh Navaratnarajah: A record 2,621 new private homes in Singapore, excluding executive condominiums (ECs), were sold by developers in September, pushing the nine-month total this year to 17,927 units, which is 12.7 percent more than the 2011 full-year total of 15,904 units, according to...
Continue Reading • 16 Oct 2012
Govt to release 5 residential sites
By Romesh Navaratnarajah: In line with efforts to ramp up housing supply, the Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing three residential and two executive condominium (EC) sites this month, which are expected to yield another 2,880 more units. The...
Continue Reading • 16 Oct 2012
Private home sales surge in September
By Romesh Navaratnarajah: Rebounding from a slump due to the Hungry Ghost Festival, new private home sales shot up last month with 2,621 units sold, 84 percent higher than the 1,421 recorded in August, according to data from the Urban Redevelopment Authority (URA). The sales volume is also 61...
Continue Reading • 15 Oct 2012
Redhill the next big thing?
By Romesh Navaratnarajah: New life is being breathed into Redhill (pictured) as more condominium projects are set to be developed in the city-fringe neighbourhood, according to The Straits Times. Approximately 1,000 condo units have already been delivered at four projects in the area with three...
Continue Reading • 15 Oct 2012
9 bids submitted for Jalan Sultan site
By Romesh Navaratnarajah: A land parcel at Victoria Street/Jalan Sultan (pictured) slated for hotel or commercial and residential use (with a minimum hotel component), received a total of nine bids when the public tender closed yesterday, according to the Urban Redevelopment Authority (URA). The...
Continue Reading • 12 Oct 2012
No respite in sight for housing prices
By Romesh Navaratnarajah: Residential property prices are expected to ease in the fourth quarter, but they are unlikely to fall in the next 12 months, according to Donald Han, Special Adviser at HSR Property Group in a Business Times report. Prices of resale HDB flats could rise 0.5 percent this...
Continue Reading • 11 Oct 2012
Coffee, tea or house?
By Romesh Navaratnarajah: Two real estate agents from GPS Alliance who also happen to be a married couple, have set up a unique F&B outlet that also functions as a one-stop property advice centre, reported The Straits Times. Located in Serangoon Gardens, Bricks & Brew features waiters who...
Continue Reading • 11 Oct 2012