Prime residential redevelopment site launched for sale
Spring Grove, a residential redevelopment site along Grange Road, is launched for sale by tender today, said Knight Frank Singapore. Located in one of Singapore’s most affluent neighbourhoods, Spring Grove is also close to Orchard Road.The site measures 24,481.2 sq m and currently...
Continue Reading • 16 Jul 2014
Condo's design may encourage mosquito breeding
More condominiums have unique water features, and some of these are turning into mosquito breeding areas, according to media reports. The Association of Property and Facility Managers said one way to prevent mosquito breeding is to ensure areas are designed in a way that facilitates maintenance...
Continue Reading • 16 Jul 2014
Developers ease financing hassle for Philippine property
More foreign buyers are eyeing luxury condominiums in Manila, according to recent media reports. Buyers from Singapore, China, Japan, South Korea and Malaysia make up most of the foreigners in the past 18 months. To meet strong foreign interest, Philippine developers are presenting several...
Continue Reading • 16 Jul 2014
Sales volume, launches drop by half in H1 2014
4,476 homes were sold in the first six months of 2014, less than half the sales recorded in the first half of 2013, according to CBRE.“The drop in sales in the first half of the year is mainly the result of the fall in the number of launches. The number of units launched in the first half...
Continue Reading • 16 Jul 2014
Sales show severity of slowdown since TDSR, says JLL
Weakness in the Singapore private new home market is evident again in the low 418 units launched and 482 units sold in June 2014, said real estate agency JLL. These numbers are only a fraction of the 1,819 and 1,488 units launched and sold in May respectively. The weak launch number shows that...
Continue Reading • 15 Jul 2014
Lavender site to be developed for public housing
A 1.23 hectare plot of land at the junction of Syed Alwi Road and King George’s Avenue will be developed for public housing, the government said today. The land is zoned for residential use in the Master Plan 2014, and comprises mainly vacant State land and a private industrial property at No....
Continue Reading • 15 Jul 2014
Urban planning with 3D technology
The Urban Redevelopment Authority (URA) and Esri are jointly working to enhance an advanced urban planning 3D tool, Esri CityEngine, which transforms 2D town planning data into interactive 3D city models.By customising the Esri CityEngine platform to Singapore’s urban context, the...
Continue Reading • 15 Jul 2014
Slump in June new home sales
Sales of new private homes in Singapore including executive condominiums declined by more than 65 percent to 531 units after reaching 1,528 units in May, according to data published today by the Urban Redevelopment Authority (URA).The best-selling project by number of units sold in June –...
Continue Reading • 15 Jul 2014
City Gate brings district back into the spotlight
While Kampong Glam is known as a cultural and historical zone, its strongest suit is its location – which is on the fringe of the city centre, said property consultants in media reports.They noted that Kampong Glam’s investment outlook for the mid to long-term will be boosted by plans...
Continue Reading • 15 Jul 2014
Sembawang to have two adjacent ECs
The parcel for an executive condominium (EC) site at Sembawang Avenue has been awarded to FCL Tampines Court and KH Capital at the tender price of $214 million yesterday. The site is expected to house 620 units, as it has an area of 22,189.7 sq m and a maximum gross floor area of 62,131.16 sq m....
Continue Reading • 15 Jul 2014
WA tops Aussie building league
Western Australia has again topped the rankings in the Australia Housing Industry Association bi-annual Housing Scorecard report.The report benchmarks the contemporary performance of 14 key indicators of activity in residential building against long term averages in each state and territory. This...
Continue Reading • 15 Jul 2014
25% drop in prime London sales
Prime central London is experiencing a 25 percent year-on-year reduction in sales transactions as buyers adopt a wait-and-see approach for both political and economic reasons, according to real estate agency W.A. Ellis.Richard Barber, partner at prime Central London agency W.A.Ellis, said:...
Continue Reading • 15 Jul 2014
United partners with Colliers' PRD
United Real Estate Group, an expanding North American real estate agency has finalised an affiliate partnership with Colliers International’s Asia-Pacific residential subsidiary PRDnationwide, that will see the two groups combine their influence and resources.PRDnationwide currently...
Continue Reading • 15 Jul 2014
Bangkok buyers look further afield
DDproperty.com - PropertyGuru's market-leading Thailand property portal - can exclusively reveal that Bangkok’s Thai property buyers are searching further from the city for their ideal home to buy or rent.According to data captured in June from Thailand’s number one...
Continue Reading • 15 Jul 2014
Best of the Philippines do battle
The eighteen shortlisted awards for this year’s Philippines Property Awards have been revealed, with the coveted Best Developer award to be fought between Ayala Land and Filinvest.The accolades, which will be presented at a gala dinner on July 29 in Manila, will be handed to winners and...
Continue Reading • 14 Jul 2014
Singapore investors dominate investment activity
Real estate investments in Singapore fell around 11 percent quarter-on-quarter to $4.4bn in Q2 2014, according to DTZ Research. This brings total investment volume in the first half of 2014 to $9.4 billion, which was about 17 percent lower than the $11.3 billion invested during the same period...
Continue Reading • 14 Jul 2014
Asian HNWIs favour non-domestic equities
Asian high-net-worth individuals (HNWIs) have been eyeing to invest in overseas markets, looking out for differentiated products that offer greater stability and higher potential yields, according to a research note reported in the media.Released by East & Partners, the research note was...
Continue Reading • 14 Jul 2014
Singapore's GDP shrinks in Q2 2014
The Singapore economy grew by 2.1 percent year-on-year in the second quarter of this year, based on advance estimates released by the Ministry of Trade and Industry (MTI) today. However, this is slower than the 4.7 percent growth in the previous quarter. On a quarter-on-quarter...
Continue Reading • 14 Jul 2014
Confidence boost in Sth Australia
Confidence levels in the South Australian property market have rebounded according to a leading indicator of business sentiment. The Property Council/ANZ Property Industry Confidence Survey's leading index for the second quarter of 2014 jumped four points to 114, the second highest level...
Continue Reading • 14 Jul 2014
Revealed: Australia's hotspots
The Housing Industry Association, the voice of Australia's residential building industry, has released the latest edition of its Population and Residential Building Hotspots report, providing an overview of Australia's fastest growing metropolitan and regional areas in 2012/13. A...
Continue Reading • 14 Jul 2014