District Watch: District 23
In one of the world's most developed countries, D23 offers peace and quiet away from city life. But as Cheryl Tay finds out, that doesn't make it any less accessible or liveable.Known for its lush, extensive greenery and abundance of private housing developments, Singapore’s...
Continue Reading • 3 Apr 2014
Housing prices to see further decline in 2014: PropNex
Private home prices are expected to drop further, following a tumultuous year which saw the government introducing the most severe set of property cooling measures and lending curbs, according to PropNex Realty.URA flash estimates show Singapore private home prices continued its decline in Q1...
Continue Reading • 3 Apr 2014
Singapore's super-rich amassed wealth through property
Most of Singapore’s super-rich achieved their wealth via bricks and mortar rather than through creativity and innovation, according to media reports quoting Forbes. In fact, half of the republic's 16 billionaires achieved their wealth from hotels and real estate, while half of the 50...
Continue Reading • 3 Apr 2014
80% of Spring Grove owners' give nod for en bloc
The Spring Grove condominium (pictured) on Grange Road is set to go on collective sale after the majority of homeowners gave the green light for the deal, media reports said.As of 23 March, 264 out of 325 owners have inked the collective sale agreement, read a notice emailed to residents. This...
Continue Reading • 3 Apr 2014
Fancy a sports car with that luxury condo?
New owners of a three-bedroom or penthouse unit at V on Shenton (pictured) will have the chance to purchase selected models of Aston Martin automobiles at a special price till 30 April 2014, as part of Aston Martin Singapore’s 20th anniversary, revealed marketing agent Savills. The V12...
Continue Reading • 3 Apr 2014
S'pore land price growth is lowest in Asia
Prime residential development land prices in Singapore fell 1.4 percent over the period of December 2011 to December 2013, according to the Knight Frank Prime Asia Development Land Index, which was launched today. On the other hand, other Southeast Asian cities experienced surging price growth...
Continue Reading • 2 Apr 2014
Sales at The Santorini off to slow start
Sales at the 597-unit The Santorini condominium (pictured) along Tampines Avenue 10 have been slower than expected, with a 40 percent take-up rate recorded over two days last weekend. Officially launched on 29 March, only 80 units found buyers out of an initial 200 apartments made available for...
Continue Reading • 2 Apr 2014
First overseas show for Rumah
Rumah.com – PropertyGuru Group’s market-leading portal in Indonesia – is holding its first International Property Show in Jakarta this week.The overseas property event, which is taking place at the Sky Bridge West Mall Grand Indonesia, is building on the successes of two years...
Continue Reading • 2 Apr 2014
Fewer residential land sites sold in 2013
Despite its property cooling measures, the government sold 338.1ha of land in 2013 compared to 303.9ha the year before, boosting its funds by about $17 billion from $15.5 billion in 2012, media reports said.The private sector accounted for $9.1 billion, while public agencies contributed $7.9...
Continue Reading • 1 Apr 2014
Philippine Property Show draws big crowds
Close to 1,000 visitors attended PropertyGuru's Philippine Property Show over the weekend at Orchard Hotel in Singapore. The event saw healthy buying interest, with at least 21 units snapped up over two days. Buyers and investors included a mix of Singapore-based Filipinos, local-based...
Continue Reading • 1 Apr 2014
Private home prices down 1.3% in Q1
Private residential property prices in Singapore fell by 1.3 percent in the first quarter of 2014, according to URA flash estimates released today. This is higher than the 0.9 percent decline in the previous quarter.Prices of non-landed private residential properties declined in the first quarter...
Continue Reading • 1 Apr 2014
Perks extended in Medini, Nusajaya
The federal government of Malaysia has extended the special tax holidays and other incentive packages in Medini, Nusajaya by another 10 years even though the current privileges are yet to expire.The current privileges were supposed to expire on 31 December 2015, while the 10-year extension runs...
Continue Reading • 31 Mar 2014
Function, aesthetics and eco concerns
Award-winning local developers discuss on what makes a good building design. While most buildings are built to serve a functional purpose of shelter, accommodation or commercial needs, how a building looks and operates often plays a part in adding character to the surrounding area and...
Continue Reading • 31 Mar 2014
S'pore still a cheaper place to live for locals: report
Out of 109 major cities across the globe, Singapore came in as the most expensive city for expatriates in 2012, according to a study by the Asia Competitiveness Institute (ACI) and reported in the media.But this was mainly due to a big gain in the Singapore dollar against the US dollar in recent...
Continue Reading • 31 Mar 2014
What Europe's billionaires are buying
London has been revealed as the preferred property destination for European billionaires in the Ultra Prime Barometer survey from super-prime property specialists Beauchamp Estates and Dataloft, the market intelligence group.The research, which looks across Western Europe at ultra-prime property...
Continue Reading • 31 Mar 2014
Resale private home prices dipped in Feb
Resale prices of completed non-landed private homes slipped 0.4 percent in February from the month before as prices dropped in both the central and non-central regions, revealed flash estimates of the Singapore Residential Price Index (SRPI) of the National University of Singapore (NUS) and...
Continue Reading • 31 Mar 2014
Seniors expo to offer property selling, leasing tips
Senior citizens will get a chance to learn how to avoid pitfalls when selling their property at this weekend's 50plus Expo 2014. The Council for Estate Agencies (CEA) is among the participants at the annual three-day outreach event targeted at baby boomers and seniors aged 50 and above.As...
Continue Reading • 28 Mar 2014
More foreclosed properties on auction: report
The number of properties put up for mortgagee sale increased to 22 in the first quarter of 2014; a relatively high figure for a three-month period, according to a Colliers International report.There was only an average of eight mortgagee listings per quarter in 2013 and an average of six per...
Continue Reading • 28 Mar 2014
CapitaLand buys stake in Chengdu sites
Property giant CapitaLand has purchased a 60 percent stake in two adjacent prime residential sites in Chengdu for RMB752 million (approx. S$155 million). The acquisition further strengthens its presence in China. The plan is to build around 4,600 apartments on the sites catering to first-time...
Continue Reading • 28 Mar 2014
Philippine Property Show is back
Following the success of such previous exhibitions, PropertyGuru is hosting another instalment of the Philippine Property Show this weekend (29-30 March) at Orchard Hotel from 11am to 7pm daily.The two-day event will bring together top developers and features some of the best and latest...
Continue Reading • 28 Mar 2014