2 EC sites draw top bids from MCL Land
MCL Land (Brighton) has emerged as the highest bidder for two adjoining executive condominium (EC) plots in Choa Chu Kang Grove, submitting $232.5 million for Parcel A and $210.1 million for Parcel B.Launched for tender on 16 December 2013, Parcel A has an area of 16,455 sq m and a gross floor...
Continue Reading • 26 Feb 2014
Own Your Own Slice of Phuket Paradise
If you’ve ever dreamt of investing in property that can deliver low risk, high yield returns served up on an exotic island, then you would surely have been dreaming of Phuket. With its beautiful beaches, cheerful locals and year-round glorious weather, it seems to have it all. And now it...
Continue Reading • 26 Feb 2014
Foreigners flock to Florida property
The U.S. state of Florida attracted the largest share of foreign buyers than any other state during 2013.Data from Florida Realtors also confirmed that the state ended last year with more closed sales, more pending sales and higher median prices than during 2012.The number of closed sales of...
Continue Reading • 26 Feb 2014
Slow sales reported at Panorama
Slow sales at The Panorama (pictured) have prompted developer Wheelock Properties to make an accounting provision of $110 million for the condominium for the year ended 31 December 2013. "An allowance for diminution in value of $110 million was made on the Ang Mo Kio project (The...
Continue Reading • 26 Feb 2014
Home sales, prices to fall in 2014: experts
Experts quoted in media reports believe that property prices and transaction volumes will continue their downward trajectory, after Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said during Friday’s Budget that it was still “too early” to relax the property...
Continue Reading • 25 Feb 2014
Spain, Portugal attracts interest
Property investment opportunities from Spain and Portugal were attracting the attention of Singapore property buyers at a series of events which took place last week.More than 120 guests were treated to an evening of investment insight, flamenco dancing, as well as Portuguese and Spanish wine and...
Continue Reading • 25 Feb 2014
New law will be a 'huge responsibility' for UK landlords
Legislation requiring U.K. property landlords to check the immigration status of their tenants has had its second reading in parliament, and is widely expected to become law later this year.Under the proposed law, landlords who fail to document the immigration statuses of tenants will receive...
Continue Reading • 25 Feb 2014
$400,000 a month for UK condo
A five-bed penthouse in the most expensive apartment block in the world has been put on the rental market for the equivalent of more than S$400,000 per month.The property, which also boasts a further five reception rooms (pictured), six bathrooms, access to wine cellars and two parking spaces, is...
Continue Reading • 25 Feb 2014
Budget: Too early to relax cooling measures, says Tharman
In his Budget 2014 statement, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said the property cooling measures are working but it is still too early to tweak any of the tightening policies."Given the run-up in prices in the last four years, it is too early to start...
Continue Reading • 24 Feb 2014
RM500,000 minimum price floor for foreign buyers sticks
Industry stakeholders have become sceptical as to the implementation of the new RM1 million (S$382,000) price floor for foreign property purchases.“The market seems to have assumed that it's not implemented and I've heard that developers are still selling properties below RM1 million to...
Continue Reading • 24 Feb 2014
Riviera Point launched again for en bloc
Riviera Point in District 9 (pictured) has been re-launched for collective sale by public tender, according to marketing agent Jones Lang LaSalle.The 33-unit residential development located at the junction of Kim Yan Road and River Valley Road has an asking price of more than $68 million. This...
Continue Reading • 24 Feb 2014
Budget: Tackling the great income divide
More help on the way for low- and middle-income families. SGM 12.00 Expect no changes to the property cooling measures, more help for the low-to middle-income families and more steps to take care of senior citizens - that is the takeaway from today's Budget 2014...
Continue Reading • 24 Feb 2014
Property bubble unlikely in Singapore: Citi
The chance of a property bubble in Singapore is very slim as housing loans only account for a small portion of property values, according to comments from Citigroup which were reported in the media. Based on its analysis of government data, the country's $203 billion worth of mortgages amounted...
Continue Reading • 24 Feb 2014
Marine Parade gets new lease of life
The eastern suburb of Marine Parade which features a mix of private residential estates and public housing built in the 1970s and 1980s is expected to get a new lease of life thanks to upcoming new projects, said consultants who were quoted in the media. Among them is a 124-unit residential...
Continue Reading • 24 Feb 2014
RiverTrees condo to launch at $950-$1,150 psf
The RiverTrees Residences condominium in Sengkang (pictured) will open for public viewing on Valentine’s Day (14 February). But bookings will only start on 22 February. Developed by a Frasers Centrepoint-led consortium, the development fronting Punggol Reservoir is expected to TOP in 2018....
Continue Reading • 24 Feb 2014
220 units snapped up at RiverTrees launch
Over the weekend, the RiverTrees Residences condominium in Sengkang (pictured) sold 220 of the 300 units launched for sale in the initial phase, or around 73 percent.The project fronting Punggol Reservoir is being developed by a Frasers Centrepoint-led consortium and comprises 495 residential...
Continue Reading • 24 Feb 2014
One in three affluent Asians buying overseas
More than one third of affluent Asians have overseas property investments, with Australia being the number one destination regionally according to new research from HSBC.In the survey a total of 37 percent of survey respondents said they already own overseas property, and many also indicated they...
Continue Reading • 24 Feb 2014
Budget: 800,000 HDB households to get rebates
The government will provide a one-off GST Voucher-U-Save Special Payment this year. This was announced by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam in his Budget 2014 statement. The move is expected to help lower- and middle-income households deal with cost of living...
Continue Reading • 21 Feb 2014
Budget: Govt to further support developers
The government will increase efforts to upgrade Singapore’s construction sector, revealed Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam in his Budget 2014 statement. “For selected Government Land Sales (GLS) sites, we will mandate the use of productive technologies...
Continue Reading • 21 Feb 2014
UK healthcare investment in the spotlight
What is believed to be the first overseas nursing home property investment exhibition in Singapore is set to take place this weekend.Willowfield Nursing Home in Maidenhead, Berkshire, in the U.K. is being showcased by Singapore real estate agency Trillion Property. The investment opportunity...
Continue Reading • 21 Feb 2014