The Glades launching soon: report
Property developer Keppel Land will launch more residential units in Singapore and China within the second half of 2013, according to research house Nomura. The Glades (pictured), a 99-year leasehold condominium project comprising 726 units is expected to be launched soon. Located in Tanah Merah,...
Continue Reading • 19 Aug 2013
Working families will own homes: PM
The government will continue to address the housing needs of Singaporeans, especially middle-income households.This was the promise made by Prime Minister Lee Hsien Loong in his National Day Rally speech on Sunday, whereby it was revealed that the Special CPF Housing Grant (SHG) will be extended...
Continue Reading • 19 Aug 2013
Paya Lebar Air Base to move to Changi
The government will shift Paya Lebar Air Base to Changi East in order to free up 800ha of land for homes, parks, offices and factories, said Prime Minister Lee Hsien Loong during Sunday’s National Day Rally.Aside from providing a land area larger than Bishan or Ang Mo Kio, the relocation of...
Continue Reading • 19 Aug 2013
Sales at Johor project soar to more than 50%
The Country Garden @ Danga Bay project in Johor Bahru has attracted strong interest from buyers with over 5,000 units sold, or more than half the total of 9,000 units ahead of its completion in 2018. Demand for the RM18 billion (S$7 billion) development came mainly from Malaysians, but...
Continue Reading • 19 Aug 2013
Home buying interest shifts to ECs
Aside from the big drop in sales of new private homes in July, data released Thursday by the Urban Redevelopment Authority (URA) also showed a trend of shifting interest towards executive condominiums (ECs), said media reports. ECs accounted for 18.9 percent or 112 units out of the 593...
Continue Reading • 16 Aug 2013
Mortgage reducing plan valuable: Khaw
National Development Minister Khaw Boon Wan on Friday highlighted the importance of a mortgage reducing insurance (MRI) for HDB flat owners. In his latest blog post, Mr Khaw explained that the insurance can help pay off the outstanding loan on a flat, should anything tragic happen to the primary...
Continue Reading • 16 Aug 2013
3 new China properties for Ascott
The Ascott Limited (Ascott), the serviced residence arm of CapitaLand, has clinched contracts to manage three new properties in China.This is expected to generate 567 apartment units in key cities across the country. Slated to open in 2017, the 250-unit Somerset Swan Lake Hefei is Ascott's...
Continue Reading • 16 Aug 2013
URA releases Sturdee Road site on reserve list
A residential site (pictured) at Sturdee Road off Serangoon Road is being offered for sale by the Urban Redevelopment Authority (URA) and is expected to provide developers and home buyers with more housing options. Released under the reserve list of the 2H2013 Government Land Sales (GLS)...
Continue Reading • 16 Aug 2013
Condo owners cry foul over new parking fees
A group of residents at Parc Oasis condominium (pictured) have sought help from the Strata Titles Board (STB) to address their parking woes, media reports said.The 22 owners are asking the STB to repeal a bylaw passed by the condo's Management Corporation Strata Title (MCST) council on 15...
Continue Reading • 16 Aug 2013
New home sales may have passed peak: report
The steep decline in new private home sales for the month of July indicates that transaction volumes of such properties has likely passed its peak, revealed a report from wealth management firm Religare.According to data released Thursday by the Urban Redevelopment Authority (URA), sales of units...
Continue Reading • 16 Aug 2013
Pasir Ris EC oversubscribed more than 2 times
The Sea Horizon executive condominium (EC) in Pasir Ris has attracted strong interest from prospective buyers, receiving more than 1,000 e-applications since its launch on 7 August. The 495-unit project is being developed by Hao Yuan Investment and Sustained Land and features twelve tower blocks...
Continue Reading • 15 Aug 2013
S'pore new home sales plunge
Sales of private homes launched by developers plummeted 73 percent from 1,806 units sold in June to just 481 in the month of July - the lowest recorded transaction volume in recent years, revealed data from the Urban Redevelopment Authority (URA). Including executive condominiums, 593 homes...
Continue Reading • 15 Aug 2013
Developer shines spotlight on mixed developments
The increasing popularity of mixed-use developments in growing cities such as Singapore is a logical solution to high-density living, said Cheng Hsing Yao, Chief Executive Officer of GuocoLand (Singapore). In recent years as the population of Asian cities started to grow, transportation issues...
Continue Reading • 15 Aug 2013
Perth top for overseas buyers
Perth (pictured) has been named the top destination is Australia based on its position as the most-searched place for property buyers and investors over the last 12 months.TheMoveChannel.com, which charted activity on its website over the last 12 months, showed that the capital of the Western...
Continue Reading • 15 Aug 2013
For sale: $25m GCB off Holland Road
A good class bungalow (GCB) at East Sussex Lane off Holland Road has been launched for tender at a guide price of S$25 million, according to marketing agent CBRE. Located within the Holland Rise Good Class Bungalow Area, the 15,100 sq ft property comprises four levels of extendable living...
Continue Reading • 15 Aug 2013
Huge profit slump for Far East Orchard
Far East Orchard, a listed subsidiary of Far East Organization, has posted a disappointing second quarter performance with net profit plunging 54.7 percent to S$7.3 million from S$16.1 million previously, media reports said. This despite a 35.2 percent increase in revenue to S$45.6 million during...
Continue Reading • 15 Aug 2013
Hong Fok posts 264% profit surge
Property group Hong Fok Corporation has reported a net profit hike of 264 percent to S$13.5 million in the second quarter of 2013, media reports said. Total revenue also jumped by 135 percent to S$71.1 million. The strong performance was driven by healthy sales of residential units at its...
Continue Reading • 15 Aug 2013
Chinese developer unveils coastal city in Iskandar
Country Garden last Sunday launched its mega project at Danga Bay in Johor Bahru. The Hong Kong-listed developer deployed 10 coaches to transport Singaporeans from five pick-up points in the city-state to the Country Garden @ Danga Bay showflat, located approximately five minutes away from...
Continue Reading • 14 Aug 2013
Analysts: July new home sales may drop 63%
New private home sales may fall by about 63 percent for the month of July, due partly to the introduction of new loan restrictions in June, property analysts said. In June, over 50 percent of the 1,806 new residential units sold came from two projects - Jewel @ Buangkok (pictured) and...
Continue Reading • 14 Aug 2013
China's new home sales slip in July
Sales of new homes in China fell marginally in July on an annual basis after rising for 17 consecutive months, the E-house China R&D Institute report revealed. Overall, new residential transactions across 30 major cities dropped by 9.7 percent to 14.77 million sq m. Of this, 2.67 million sq m...
Continue Reading • 14 Aug 2013