The Sorrento condo to launch at $1,380 - $1,600 psf
The Sorrento condominium (pictured) will officially launch next Saturday (19 April), marketing agent CBRE said.The public preview at the showflat along West Coast Link has already started and runs till 16 April. Developed by Allgreen Properties, the five-storey freehold project on the...
Continue Reading • 10 Apr 2014
S'pore firm buys up US land
Singapore-listed CCM Group has acquired five of seven available land parcels in a 136-acre development in the US city of Houston, and has received letters of intent from US developers to acquire 285 lots amounting to about US$28.5 million.Each lot measures around 6,900 sq ft and the developers...
Continue Reading • 9 Apr 2014
Tuas West the best spot for high-speed rail terminal: experts
Tuas West is the most feasible location for the upcoming high-speed rail terminal in Singapore, aside from the other two possible locations recently revealed by Prime Minister Lee Hsien Loong, which are Jurong East and the city centre, media reports said. Experts noted that while the area is...
Continue Reading • 9 Apr 2014
Golden visas around the world
The opportunity to acquire residency or other related opportunities alongside a property purchase or investment has been gaining in popularity over the past year.Spain and Portugal are probably the best known examples to property buyers and investors from Southeast Asia, however they’re not...
Continue Reading • 9 Apr 2014
S'pore has most X factor in Asia
Singapore has emerged in joint third place with Paris in a global ranking of international cities, which classifies them by their “X factor” for real estate investors.Released today by property consultancy Savills, the report ranked 12 cities based on a combination of global...
Continue Reading • 8 Apr 2014
Battersea phase 3 design revealed
London's iconic Battersea Power Station development has unveiled plans for Phase Three of the development, designed by world-renowned architects Gehry Partners and Foster + Partners.Following an international competition last year, the two architectural practices were chosen for the bold and...
Continue Reading • 8 Apr 2014
UK prices up 2.6% in Q1
All regions in the United Kingdom saw rising annual property prices during the first quarter of 2014, according to the Nationwide House Price Index.London continued to lead the way with an annual price growth of 18 percent, yet property prices in most regions still remain below their 2007...
Continue Reading • 8 Apr 2014
62% drop in private resale home sales
Sales of resale private homes in Singapore sank in the first quarter this year with only 906 units in the secondary market changing hands, revealed a DTZ report. This is a decline of 34 percent compared to the previous quarter. Year-on-year, it represents a stunning 62 percent drop.Aside from the...
Continue Reading • 8 Apr 2014
Demand for GCBs picks up
Although buying activity in the private residential market remains weak due to stricter financing rules, demand for ultra-luxurious good class bungalows (GCBs) picked up in Q1 2014 as wealthy buyers returned to the market, a DTZ report said. Eight GCBs found buyers for a total of $225.8 million...
Continue Reading • 8 Apr 2014
Prime rents rose 1.1% in 2013
Prime property rental prices in Singapore grew by 1.1 percent in 2013 according to the latest Knight Frank Prime Global Rental Index which measures the performance of rental property at the top end of the market.Globally, prime residential rents in the 17 surveyed cities rose by 4.8...
Continue Reading • 8 Apr 2014
Your chance to name a condo
Singapore property developer Qingjian Realty has launched a competition to name two of its executive condominium (EC) developments in Singapore.The competition, which runs until April 30, is open to Singaporeans, permanent residents, student pass holders, valid employment pass holders and work...
Continue Reading • 8 Apr 2014
Hillview residential site goes on sale
A freehold residential site off Hillview Avenue is up for sale by tender, marketing agent DTZ said.The vacant site at 1 Jalan Remaja has an area of around 43,557 sq ft and a gross plot ratio of 1.92, including an additional plot ratio of 0.3. The land parcel could be developed into a 10-storey...
Continue Reading • 7 Apr 2014
High-end home prices to decline 3-4% by Q4
The private housing market is currently at an inflexion point in terms of prices, with the downward trend persisting towards H2 2014 as the Total Debt Servicing Ratio (TDSR) and cooling measures continue to affect market sentiment, according to media reports quoting Knight Frank.Notably, prices...
Continue Reading • 7 Apr 2014
Hong Leong to launch Commonwealth Towers
Commonwealth Towers (pictured), a high-rise condominium on Commonwealth Avenue is set to launch in early May, but the showflat will open for public preview on 13 April. The 845-unit development sits on 130,101 sq ft of land and is linked to Queenstown MRT station by an overhead pedestrian...
Continue Reading • 4 Apr 2014
Jurong condo to launch at $1,250 - $1,350 psf
The Lakeville condominium project (pictured) by MCL Land will be launched at an average price of $1,250 to $1,350 psf, according to media reports.Its CEO Koh Teck Chuan said this will be the early bird pricing on balloting day, to entice potential buyers once the project opens for booking today....
Continue Reading • 4 Apr 2014
WTA Championships in sponsorship deal with SC Global
Luxury developer SC Global Developments has teamed up with the Women's Tennis Association (WTA) and signed a five-year deal as presenting sponsor for the 2014-2015 BNP Paribas WTA Championships Singapore. SC Global will receive brand exposure through international television coverage of the...
Continue Reading • 4 Apr 2014
London in the exhibition spotlight
London property developments will again be tempting Singapore buyers and investors at property exhibitions in the city-state this weekend.The trend of U.K. developers exhibiting their projects to buyers from Southeast Asia shows no signs of slowing, although Singapore is certainly seeing more...
Continue Reading • 4 Apr 2014
Property industry salaries decline
Property and real estate industry professionals in Asia earned 3.4 percent less money last year, according to an annual survey conducted by the Royal Institution of Chartered Surveyors and real estate recruitment company Macdonald & Co.While overall salaries declined to stand at an...
Continue Reading • 4 Apr 2014
Ascott buys prime HK serviced residence for about $88.8m
CapitaLand's wholly-owned serviced residence company, The Ascott Limited (Ascott), has bought an operating serviced residence in Hong Kong (pictured) for HK$545 million (approx. S$88.8 million).Ascott plans to rebrand the property as Citadines Mercer Hong Kong in Q3 this year, making it the...
Continue Reading • 3 Apr 2014
ERA to hold public seminar on HDB market
Property agency ERA will be holding a public seminar this Sunday (6 April) at 2pm at Hersing Hub in Toa Payoh Lorong 5 that will focus on the HDB market. ERA's Key Executive Officer Eugene Lim will discuss on the market outlook, and provide tips as well as advice to consumers who may be...
Continue Reading • 3 Apr 2014