Home prices may slip 5%, says billionaire Kwek
Private home prices in Singapore are expected to drop by up to five percent due to an oversupply of residential properties from 2014 onwards, said Kwek Leng Beng, Executive Chairman of City Developments Limited (CDL).Such a scenario could be averted if curbs on foreign buyers of private homes are...
Continue Reading • 7 Aug 2013
Knight Frank strengthens residential services team
Property consultancy Knight Frank Singapore has announced two new appointments to further strengthen its residential services team. Ruby Ong will be new Director and Head of Prime Sales, handling all residential needs of high-net-worth clients, while Norris Low is the new Associate Director and...
Continue Reading • 7 Aug 2013
Singapore property faces strong headwinds: CDL
Property firm City Developments Limited (CDL) expects both sales and prices of Singapore homes to slow down in the remaining half of the year.“With the latest round of property cooling measures which has been the most effective to date, the group expects stronger headwinds in the second...
Continue Reading • 7 Aug 2013
Tokyo's 'cheaper' properties make good investments
Efforts by Japan’s government to keep the yen weak have made property there more affordable than those in the neighbouring countries of Singapore, Hong Kong and Taiwan.“Japan is cheap considering how much property prices have gained in Singapore and Hong Kong,” noted Akihiko...
Continue Reading • 6 Aug 2013
Call for Aussie election to focus on housing
Australia’s Housing Industry Association (HIA) has called on political parties to embrace election polices to promote a housing led recovery in the economy after Prime Minister Kevin Rudd yesterday called a General Election for 7 September.“Residential building is one of the few...
Continue Reading • 6 Aug 2013
London home prices may rise 4% in 2014
As concerns fade over new taxes for the wealthy and on foreign buyers, prices of central London homes are expected to rise by four percent next year, up from the previous forecast of two percent, according to Jones Lang LaSalle.Prices in neighbourhoods like Mayfair, Chelsea and Knightsbridge are...
Continue Reading • 6 Aug 2013
Bukit Brown graves to make way for new road in Q4
The exhumation of graves at Bukit Brown Cemetery will take place towards the end of this year to make way for construction of a dual four-lane road that will link Adam Flyover and MacRitchie Viaduct.The Land Transport Authority (LTA) has already received 1,263 claims for affected graves since...
Continue Reading • 6 Aug 2013
New book on S'pore-M'sia land dispute launched
A 128-page book on a previous land dispute that Singapore had with Malaysia was launched by Minister for Law and Foreign Affairs K Shanmugam yesterday. Titled 'Malaysia & Singapore: The Land Reclamation Case - From Dispute To Settlement', the book focuses on details of past reclamation...
Continue Reading • 6 Aug 2013
Only 6 PR applications allowed for landed homes in first half
The number of permanent residents (PRs) granted approval to buy landed homes in mainland Singapore has dropped significantly on the back of government efforts to set aside more of these types of properties for Singaporeans, media reports said. The government further tightened the eligibility...
Continue Reading • 6 Aug 2013
River Valley condo to launch at $2,100 psf
The 248-unit RV Residences condominium (pictured) in District 10 is expected to launch by end-August with prices from S$2,100 to S$2,300 psf.Developed by Allgreen Properties, the 999-year leasehold project is located at River Valley Road and is being marketed by DTZ, media reports said.The...
Continue Reading • 6 Aug 2013
GCB for sale at Chancery Lane
A good class bungalow (GCB) at Chancery Lane is up for sale by tender with an indicative price tag of S$39 million. Built in the 1980s, the freehold property is located within the Bukit Tunggal GCB enclave.With a land area of 23,932 sq ft, the property could fetch a psf price of S$1,630. The...
Continue Reading • 6 Aug 2013
Seminar at Jewel @ Buangkok a success
PropertyGuru, this time in partnership with developer City Developments Limited (CDL), recently conducted its third property seminar for 2013 at the sales gallery of Jewel @ Buangkok condominium. The event saw close to 100 buyers and investors keen to know more about the new project in District...
Continue Reading • 6 Aug 2013
Singapore cooling measures a plus for Iskandar
Developers with a presence in Iskandar Malaysia are optimistic that the good performance of recent project launches will be sustained in the months to come until 2014.“The confidence level among developers in Iskandar is now at an all-time high,” said Wong Kuen Kong, Deputy Chairman...
Continue Reading • 5 Aug 2013
ERA Realty sold to Indonesian firm for over $100m
ERA Realty Network, the largest real estate agency in Singapore, has been sold to Indonesian private equity firm Northstar Group for over S$100 million, months after owner Harry Chua put it up for sale.According to media reports, the master franchise rights to the ERA name in Asia Pacific was...
Continue Reading • 5 Aug 2013
HDB awards Jurong EC site at $272.8m
An executive condominium (EC) site (pictured) at Yuan Ching Road/Tao Ching Road in Jurong has been awarded to a consortium comprising Evia Real Estate, BBR Development, CNH Investment and OKP Land, after it offered the top bid of S$272.83 million. The 217,298 sq ft site received an overwhelming...
Continue Reading • 5 Aug 2013
Majority of new London homes sold to foreigners
Close to 75 percent of all new residential purchases in central London last year were made by foreign buyers, with over 50 percent coming from Singapore, China, Malaysia and Hong Kong, according to property consultancy Knight Frank.Most of these homes were sold at overseas exhibitions before they...
Continue Reading • 5 Aug 2013
New integrated devt planned for Woodlands
The government will build a new integrated development offering a range of facilities catering to the diverse needs of residents in Woodlands, announced National Development Minister Khaw Boon Wan. The project, a first-of its-kind in Singapore, will comprise two studio apartment blocks with a...
Continue Reading • 5 Aug 2013
Preview held for Wing Tai's The Tembusu
Wing Tai Asia’s much-anticipated new project The Tembusu (pictured) held a preview for pre-registered interested buyers at its showflat last weekend.Located at the company’s former headquarters at Tampines Road and close to Kovan MRT station, the 337-unit freehold condominium project...
Continue Reading • 5 Aug 2013
Punggol EC nearly 60% sold on booking day
Close to 60 percent of all units at the Ecopolitan executive condominium (EC) in Punggol were sold during its booking period, supported by keen interest for its CoSpace concept.CoSpace is an innovative feature that allows buyers to reconfigure homes based on their needs. The CoSpace units were 60...
Continue Reading • 5 Aug 2013
Beware 'drug pusher' tenants: Malaysian police
As a result of recent cases whereby condominium units were converted into drug labs, Kuala Lumpur Police Chief DCP Datuk Mohmad Salleh has urged landlords to monitor their tenants, while neighbours should keep watch over each other. “In Kuala Lumpur it has become a trend, especially for...
Continue Reading • 2 Aug 2013