News Roundup (September 2017)
Morgan Stanley recently released the most bullish forecast for the Singapore housing market, expecting private home prices to increase by two percent this year...
Continue Reading • 21 Sept 2017
Eye on Changi: Take to the skies
Mention Changi, and thoughts immediately turn to the thrill of a holiday for which one inevitably departs from Changi Airport. Visitors to the area are often enchanted...
Continue Reading • 21 Sept 2017
Get the Guru View: Graveyard appreciation
Before Singapore’s independence, Bishan was already a home for those who passed before, a cemetery for the Cantonese and Hakka communities of Singapore.
Continue Reading • 21 Sept 2017
Optimistic outlook for Japanese real estate
Held for the first time on 9 and 10 September at The St. Regis Singapore, PropertyGuru’s Japan Real Estate Market Outlook seminar attracted more than 360 investors...
Continue Reading • 21 Sept 2017
Foreign home buying up 20% this year
UOB Kay Hian believes that home purchases by foreigners, which increased by up to 20 percent in the first nine months of 2017, still has room to grow...
Continue Reading • 21 Sept 2017
UOL to ride on housing market rebound
UOL Group is expected to benefit from the recovery in Singapore’s housing market as it had managed to acquire development sites at good prices, media reports said...
Continue Reading • 21 Sept 2017
Hong Kong lacks land for residential use
While the Hong Kong government has partly attributed its housing woes to the city’s hilly terrain, which makes development difficult, a market watcher believes...
Continue Reading • 21 Sept 2017
Industry players slam ‘Yistana’ listing for being disrespectful
The move by some property agents to capitalise on the presidential appeal of Yishun flats to sell units have drawn flak with some industry players calling their actions as “disrespectful”.
Continue Reading • 20 Sept 2017
Keppel Land acquires Jakarta site for S$59mil
Keppel Land has acquired a parcel of land in Jakarta’s central business district for S$59.4 million.
Continue Reading • 20 Sept 2017
More luxury apartment projects in Ho Chi Minh City
Since the beginning of this year, many new luxury apartment projects have kicked off on “golden land" sites in Ho Chi Minh City’s (HCMC) central districts...
Continue Reading • 20 Sept 2017
Analysts: Home prices to rise 10% next year
Fuelled by redevelopment deals and an increase in foreign buying, UOB Kay Hian expects home prices in Singapore to bottom out this year and climb by five to 10 percent in 2018...
Continue Reading • 19 Sept 2017
Braddell View owners eyeing $2 billion en bloc sale
The residents of the biggest HUDC estate here plan to hold an extraordinary general meeting on 10 October to form a collective sale committee...
Continue Reading • 19 Sept 2017
Tee Land to acquire Upper Thomson sites for $25.74m
Tee Land has entered into six option-to-purchase (OTP) agreements to acquire the freehold interest in six plots of land at Seraya Crescent in Upper Thomson for $25.74 million...
Continue Reading • 19 Sept 2017
Housing market on road to recovery, say experts
Singapore’s residential market appears to be rebounding, with private home sales reaching about 8,391 units for the first eight months of this year...
Continue Reading • 18 Sept 2017
UBS avoiding Singapore, HK housing markets
Multinational bank UBS is avoiding the housing markets of Singapore and Hong Kong as there is a tendency for these cities to impose property cooling measures to control rising prices...
Continue Reading • 18 Sept 2017
Lian Beng wins contract to build Martin Modern condo
A wholly-owned subsidiary of Lian Beng Group has secured a $162 million contract to construct Martin Modern, a 99-year leasehold project comprising a total of 450 units...
Continue Reading • 18 Sept 2017
Pine Grove to go en bloc again
After two failed attempts in 2008 and 2011, owners at Pine Grove near Ulu Pandan are trying their luck again at a collective sale, this time at a price of $1.65 billion...
Continue Reading • 15 Sept 2017
Developer invites kids to draw dream home
Kingsford Development, the builder of the 512-unit Hillview Peak and 1,165-unit Waterbay condominiums, has launched its first “My Dream Home Drawing Competition”...
Continue Reading • 15 Sept 2017
City Docklands launches offices in Asia
London-based estate agency City Docklands Limited recently launched its Asian business, City Docklands Global, with offices in Singapore and Hong Kong...
Continue Reading • 15 Sept 2017
New development charges to affect en bloc deals
DBS expects the recent hike in development charge (DC) rates for condominiums to affect developers’ profitability as breakeven prices may increase by up to four percent...
Continue Reading • 14 Sept 2017