The Quinn to launch end of July
Property developer Top Global Limited is expected to launch its newest freehold residential development along Bartley Road by the end of this month.The Quinn will comprise four five-storey apartment blocks and 139 apartment units ranging from one- to three-bedders and penthouses. “The Quinn...
Continue Reading • 17 Jul 2013
CDL's new EC over-subscribed
The 380-unit Lush Acres executive condominium (EC) at Fernvale Close in Sengkang has been over-subscribed by 1.6 times following an e-application exercise over the weekend. Developed by City Developments Limited (CDL), the project saw keen interest from buyers due to its proximity to amenities...
Continue Reading • 17 Jul 2013
Tampines housing site attracts strong interest
A 99-year leasehold residential site (pictured) at Tampines Avenue 10 has received overwhelming response attracting a total of 10 bids when its tender closed yesterday, according to the Urban Redevelopment Authority (URA). MCC Land (Singapore) submitted the top bid of S$289.7 million for the...
Continue Reading • 17 Jul 2013
Myanmar property prices climb: official
As buyers in Myanmar continue to flip properties, the country's prices will continue to head north in the next few years, noted Presidential Adviser U Aung Tun Thet.“We’ve seen that property prices have reached twice the prices of neighbouring Thailand,” he said at a recent...
Continue Reading • 16 Jul 2013
One-stop help hotline expands to residents in opposition-held areas
The People's Association (PA) has launched the One Connect scheme for residents of private estates within Hougang SMC and Aljunied GRC – the first time such an initiative has been extended to opposition-held wards. It will allow 40,000 such residents in Hougang and Aljunied to contact...
Continue Reading • 16 Jul 2013
Moody's downgrades Singapore banking system to 'negative'
The outlook for Singapore's banking system has plunged from stable to negative due to the recent period of soaring loan growth, as well as rising property prices locally and in countries where Singapore banks operate. According to Moody's Investors Service, these factors increase the chance...
Continue Reading • 16 Jul 2013
Slowdown in China property investment
Property investments in China moderated slightly in the first half of 2013, growing 20.3 percent compared with an annual increase of 20.6 percent between January to May, according to the National Bureau of Statistics.Revenue growth from property sales also eased to 43.2 percent during the period...
Continue Reading • 16 Jul 2013
PropertyGuru staff to get their heads shaved for charity
PropertyGuru, Asia’s leading property portal, will hold its Hair for Hope 2013 fund-raising event this Thursday (18 July) at HomeTeamNS – JOM @ Balestier at 31 Ah Hood Road between 9:30am to 12pm. Proceeds from the head shaving event will go towards helping children diagnosed with...
Continue Reading • 16 Jul 2013
SE Asians relish 'cheaper' London property
Following a significant increase seen over the last six years, average property prices in Prime London Central (PLC) are now 34 percent higher than their pre-credit crunch levels, according to HM Land Registry data analysed by London Central Portfolio (LCP).But LCP noted that London property...
Continue Reading • 16 Jul 2013
Bali's farmland villas gaining popularity
The rustic charm of villas set amongst green rice fields is becoming popular with tourists in Bali, Indonesia, despite their hefty prices. According to media reports, a two-bedroom villa with rice paddy fields on one side and a lawn can go for at least IDR15 million (S$1,950) a month. Such...
Continue Reading • 16 Jul 2013
Malaysia's Mah Sing opens sales office in S'pore
Joining a growing trend of Malaysian developers like S P Setia and E&O that have opened sales offices in Singapore, Mah Sing Group yesterday launched its property gallery at TripleOne Somerset.The newly-opened gallery will serve as a one-stop centre for property buyers looking to invest in...
Continue Reading • 16 Jul 2013
Private home sales to moderate after June spike
Although developers successfully sold 1,806 new private homes excluding executive condominiums (ECs) in the traditionally quiet month of June, the spike in primary sales is not expected to continue moving forward, according to PropNex Realty. “June’s numbers indicated an...
Continue Reading • 16 Jul 2013
Oxley agrees to buy Cambodia plot
Singapore developer Oxley Holdings through its 49 percent-owned associated company Oxley-Worldbridge (Cambodia) has entered into an amendment agreement to acquire all the shares in Cambodian company CityStar Phnom Penh Cottages (CPPC) from three unrelated parties for US$11.26 million (S$14.24...
Continue Reading • 15 Jul 2013
Large spike in new private home sales
New private home sales in Singapore for the month of June rose 24 percent month-on-month to reach 1,806 units, according to data from the Urban Redevelopment Authority (URA). Compared to the same period last year, this is a 32 percent spike. Including executive condominiums (ECs), home sales in...
Continue Reading • 15 Jul 2013
Crane operator job in high demand
The Building and Construction Authority (BCA) has received strong interest from 1,200 Singaporeans expressing interest in the Crane Apprenticeship Programme (CAP), according to a recent blog post by National Development Minister Khaw Boon Wan.Due to overwhelming response, registration for the CAP...
Continue Reading • 15 Jul 2013
Bill Gates buys equestrian-friendly mansion
Microsoft co-founder Bill Gates, one of the world’s richest people, has reportedly bought a new home (pictured) at Palm Beach County in Florida for US$8.7 million (S$11 million).He previously rented the Mediterranean-style home when his daughter competed in an equestrian festival in January...
Continue Reading • 15 Jul 2013
MAS clamps down on bank-developer tie-ups
The Monetary Authority of Singapore (MAS) has introduced a new rule which prohibits financial institutions (FIs) from tying up with property developers and agents to sell property, according to local media reports.FIs were informed of this new rule the same day the latest property loan curbs were...
Continue Reading • 15 Jul 2013
New measures won't be expanded to non-property loans
The 60 percent cap on the Total Debt Servicing Ratio (TDSR) will not be expanded to include non-property loans anytime soon, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam, who is also Chairman of the Monetary Authority of Singapore (MAS). “We don't intend to, any...
Continue Reading • 15 Jul 2013
Mixed weekend for overseas property exhibitions
The impact on overseas property investments from the recent loan-to-ratio cap introduced by the Monetary Authority of Singapore (MAS) appears mixed.Last weekend, PropertyGuru’s Malaysia Property Showcase, held at Marina Bay Sands, attracted more than 2,000 attendees who were keen to...
Continue Reading • 15 Jul 2013
Slow weekend sales at Vue 8 preview
With buyers remaining cautious over the government’s recent home loan curbs, sales were generally conservative at the weekend preview of Vue 8 Residence (pictured) in Pasir Ris, according to media reports.Only 50-plus units out of about 100 released were reportedly sold at the 99-year...
Continue Reading • 15 Jul 2013