Hungry Ghost Festival is over and buyers are set to return, say analysts DESPITE Monday's announcement by the Government to cool the hot property market, observers expect private property showrooms to continue to be packed with eager homebuyers and investors this weekend. Some property agents whom Weekend Today spoke to said that enquiries over the past week have been brisk, with some asking about early...
2009
Credit Suisse says bid spread shows developers wary SHARP differences in bid prices offered by developers in the latest Urban Redevelopment Authority tender for a residential-commercial site at Yio Chu Kang suggest that the Government's recent measures to cool the housing market are starting to take effect, said financial services firm Credit Suisse. The tender closed on Thursday, drawing a total of 12...
In the Marina Bay area, transactions at Marina Bay Residences have once again reached stratospheric levels, with prices returning to levels seen in 2H2007. Sub-sales of units at Marina Bay Residences have steadily crept up from a low of $1,433 psf in April to a high of $2,500 psf last month. This is the highest price per square foot achieved not just in 2009 but since May last year, when a 3,961 sq ft...
Location: 52, 53 Lim Ah Woo Road Tenure: Freehold Year of Completion: 2013 Facilities: Sky pool, Sundeck, Jacuzzi, BBQ and Gym Car Park Lots: 70 inclusive 2 handicap T0tal Units: 70 (2 blocks, 5 storeys) Unit Types: 1br ~ 258 to 527 sqft 1+study ~ 441 to 527sqft 2br Penthouse ~ 796 to 1194sqft Features: approx. 5 mins walk to Paya Lebar MRT Contact us at [email protected] with the following for...
Dislodged tiles fell from a fourth-storey unit at a condominium in East Coast on Thursday afternoon. Fortunately no one was injured. The tiles were from a window cladding at "The Summit" along Upper East Coast Road. Investigations by the Building and Construction Authority (BCA) showed that the timber frame and tiles at a fourth storey unit had been dislodged. The BCA instructed the condo's manager to...
Far East Organisation has submitted the highest bid of S$119 million for a commercial and residential site at the junction of Yio Chu Kang Road and Seletar Road. This is nearly 3 times the minimum bid price of S$40.5 million. Far East's bid translates to about $364 per square foot. Centurion RE submitted the second highest bid at S$88.19 million, followed by Frasers Centrepoint's offer of S$80.13...
Office rents in Singapore fell for the fourth straight quarter with prime rentals averaging at S$7.50 per square foot a month in the third quarter of 2009. Real estate consultancy firm CB Richard Ellis said this is a 12.8 per cent on-quarter drop – an improvement over the 18 per cent decrease a quarter ago. Grade A office rents fell about 13 per cent on-quarter to S$8.80 per square foot per month....
A new suburban shopping centre will rise in the west - this time it will be in Clementi. The retail hub is tentatively called "Clementi Mall", and it is part of a larger development located at the former Clementi Bus Interchange. The 99-year leasehold property has about 25,000 square metres of gross floor area. A tender for the sale of the property will close on November 10. Jone Lang LaSalle has been...
Suntec REIT says Sunshine Assets Limited, the special purpose vehicle set up in 2006 to issue notes under the $500 million Medium Term Notes Programme, today issued a new series of three-year fixed rate notes bearing a fixed interest rate of 3.55% per annum, due September 2012. The aggregate issue size of the notes is $25 million, which was oversubscribed. The proceeds from the notes will be on-lent by...
So far the market seems to have taken in its stride the removal of the interest absorption scheme (IAS) for properties. The knee-jerk decline of 43 points by the STI on Monday was followed by a sharp rebound on Wednesday as broader economic recovery factors continue to dominate. But there is an impending overbuilding of residential property in Singapore. According to Leong Wai Ho,director and senior...