CapitaLand to cut prices at new condo
In a bid to keep pricing affordable, CapitaLand's latest condominium project in Bishan will be priced lower than its nearby Sky Habitat, media reports said.Although the showflat for the yet-to-be-named project with 694 units opened on Saturday, sales bookings will only start a few weeks later....
Continue Reading • 16 Sept 2013
Vietnam govt to make foreign property buying easier
A new law currently under review by the Vietnamese government could see many of the cumbersome foreign property buying restrictions removed as early as next year.The ruling, which focuses on allowing foreign individuals to buy accommodation in Vietnam, would clear some of the issues that...
Continue Reading • 16 Sept 2013
Redas chief bullish on property sector
The future looks bright for the property market even as it takes “a course through the cycle of business”. This is the view of the Real Estate Developers' Association of Singapore (Redas). In fact, the government’s long-term plans have opened up “tremendous economic and...
Continue Reading • 13 Sept 2013
Strong S'pore interest from developers and agents
Interest in Singapore from Thailand’s property developers and agents appears to be stronger than ever following an event which took place in Bangkok earlier this week.More than 40 representatives of Thailand property developers and agents attended the ‘Thailand Real Estate...
Continue Reading • 13 Sept 2013
Asia Pacific's growth prospects weak: report
The prospects for growth in Asia Pacific weakened in the first half of 2013, even though its economy outpaced other parts of the world, revealed a Knight Frank report.There are concerns that growth could drop further this year, after China’s expansion rate fell 7.5 percent year-on-year in...
Continue Reading • 13 Sept 2013
MAS' new credit rules to curb household debt
The Monetary Authority of Singapore (MAS) has introduced new measures aimed at limiting household debt and improving lending practices.The new rule will see an individual’s loanable amount through credit cards and unsecured credit lines capped at 12 times that person’s monthly income....
Continue Reading • 13 Sept 2013
Philippines awards shortlist revealed
The shortlist of winners for the inaugural Philippines Property Awards has been revealed. The event has been designed to encourage and reward the finest achievements in the Philippines’ real estate industry. “I am delighted to see such a diverse and exciting shortlist in the first...
Continue Reading • 13 Sept 2013
Push for green building solutions: DPM Teo
Singapore Green Building Week 2013 (SGBW) kicked off yesterday at Marina Bay Sands. This year's programme brings together two of the industry's most prestigious events - the International Green Building Conference (IGBC) and BEX Asia.Into its fifth year, SGBW managed to attract more than 10,000...
Continue Reading • 12 Sept 2013
Seller's Stamp Duty: A double-edged sword?
The Government first introduced a Seller’s Stamp Duty (SSD) in February 2010 on all residential properties to cool the housing market that was rebounding on the back of the economic recovery from the global financial crisis in 2009. The SSD was subsequently revised twice...
Continue Reading • 12 Sept 2013
Free seminar at Forestville this Saturday
Property hunters can head down to the Forestville showflat this Saturday (14 September), where PropertyGuru will be holding another consumer seminar. Located off Woodlands Avenue 5, the event will start from 12:30pm. This is the fifth such seminar for the property portal in 2013. The focus...
Continue Reading • 12 Sept 2013
Versailles up for sale again, at lower price
The freehold Versailles condominium (pictured) has been re-launched for collective sale through a public tender, revealed its marketing agent Jones Lang LaSalle. The 55-unit development is zoned residential and has a land area of 53,073 sq ft and gross plot ratio of 2.1 under the 2008 Master...
Continue Reading • 12 Sept 2013
Now is the time for REITs in India: APREA
An international symposium convened by the Asia Pacific Real Estate Association (APREA) has concluded that now is the right time to establish REITs in India.For many years, APREA has promoted REITs in India, presenting detailed submission to the country's regulators.At the conference,...
Continue Reading • 11 Sept 2013
Loan curbs weaken sales of new launches
The impact of the government's latest loan policies was evident in last week's launches of The Skywoods (pictured) and The Glades, as sales were stalled following the first day of booking, according to Religare. Keppel Land's 726-unit The Glades sold only 80 units, with average prices...
Continue Reading • 11 Sept 2013
Strong interest for Mt Sophia site
A 99-year leasehold residential site at Mount Sophia received strong interest from nine developers at the close of its tender yesterday, according to the Urban Redevelopment Authority.Launched for tender on 28 June, the land parcel drew top bid of S$442.3 million, which translates to S$1,157 psf...
Continue Reading • 11 Sept 2013
Land cost takes over property prices and income growth
Land costs in Singapore have been rising faster than property prices and household income over the last few years, according to DTZ.Based on sales of sites from the Government Land Sales (GLS) programme’s confirmed and reserve lists that were awarded between 2008 to 1H2103, the average land...
Continue Reading • 10 Sept 2013
Broadway Malyan designing new 'health city'
The Singapore-based team of architect Broadway Malyan has been tasked to design Health City Novena, a new mega healthcare development to be built around Tan Tock Seng Hospital.The plan is to link existing medical facilities and the Lee Kong Chian School of Medicine to create the largest...
Continue Reading • 10 Sept 2013
Ho Bee taken to court for condo defects
Property developer Ho Bee Investment is being sued for failure to fix termite-infested pool decking as well as flooded staircases at the 249-unit The Coast in Sentosa Cove, according to media reports. The case was filed in Singapore's High Court by the managers of the property on behalf of 108...
Continue Reading • 10 Sept 2013
The battle of Britain goes on
EXCLUSIVE: No less than six London property projects exhibited their developments in Singapore last weekend – with two further projects from outside the capital trying to tempt local buyers and investors to splash their cash in what has been traditionally viewed as a safe haven destination...
Continue Reading • 10 Sept 2013
Frasers Centrepoint awarded $1.43b Yishun site
HDB has awarded a mixed commercial and residential development site (pictured) at Yishun Avenue 2/Yishun Central 1 to Frasers Centrepoint, after the developer submitted a stunning bid of S$1.43 billion.Frasers' top offer was about 50 percent higher than the second bid of S$969.3 million from Far...
Continue Reading • 10 Sept 2013
$50m price tag for Belmont Road bungalow
A good class bungalow (GCB) at No. 74 Belmont Road is up for sale through expression of interest (EOI) and is expected to fetch S$50 million, revealed marketing agent Savills. The site has a land area of 26,455 sq ft and is located within the Belmont Good Class Bungalow Area. Perched on a slope,...
Continue Reading • 9 Sept 2013