Singapore’s private property market is on the rise after years in the doldrums. It looks like the boom times are back for real estate, given strong demand from locals and expatriates alike. There is talk that it is just speculation behind the frothy market, with reports of investors flipping purchases for hefty profits and anecdotal evidence of wealthy expatriates snapping up a half dozen or so luxury...
General
It is true that rents have been increasing at an exponential rate over the past year. But if the injection of 600,000 potential additional units does not halt the spike and rents continue to rise, it is not an issue of supply and demand. I put it down to kiasuism. There has been an enormous increase in industrial activity in Jurong in support of the current demand for oil and related products. This has...
Dubai Investment Group (DIG) is buying a 10% stake in Sesdaq-listed Sing Holdings. DIG is subscribing to a placement of 27 million new shares in Sing Holdings at 43 cents each. This is part of the 40 million new shares that Sing Holdings is placing out. The deal marks DIG's maiden investment in a listed property company in Singapore. The group has investments worldwide in financial, industrial, real...
He may not have the money to buy an apartment yet, but 21-year-old Jasper Ong is already a beneficiary of Singapore's booming property market.Mr Ong, who is fresh out of National Service, and three of his friends are being paid $100 each every 24 hours to stay in the queue of people waiting to buy - or representing those who want to buy - The Seafront @ Meyer units at Meyer Road in District 15.The...
Sky-High prices at luxury launches such as Sky @ Eleven, One Shenton and One North Residences over the past three months have lifted the private property market to a quarterly gain of 4.6 per cent, according to flash estimates from the Urban Redevelopment Authority (URA).The property price index rose from 130.2 points in the previous quarter to 136.2 points in the first quarter of this year, the highest...
A new private hospital could be coming up in the Little India area. The Urban Redevelopment Authority (URA) has given the go-ahead for a reserve site above the Farrer Park MRT station to be developed into a hospital. The land parcel, spanning about 1.4 hectares, is located at the corner of Race Course and Rangoon Roads. Part of the site can house a 20-storey building. A minimum of 40 percent of the...
Location : Cluny Hill Type of development : Good-class Bungalows Tenure : Freehold No of bungalow plots : 16 Sales status : 100% sold Land Area : at least 15,000 sf a plot Location Cluny Hill is part of the Botanic Gardens good-class bungalow enclave. Nestled within the prime district 10 precinct, it enjoys ultimate tranquility and yet is close to the Orchard Road...
Private home prices in the Bukit Timah area have increased by over 30 percent in the past year, according to market watchers. This has outstripped the 10 percent gain for private properties islandwide. Market watchers say the greater premium that the area now commands is due to a filtering down from the high-end luxury market. An upcoming MRT line that is to run along Bukit Timah Road is also seen as...
The 12 per cent rise in bungalow prices over the last three years has been overtaken by the annihilating rate at which they are being sold — a rate that could put them in danger of extinction, experts say. Anecdotal evidence shows that single-storey bungalows are fast vanishing from Singapore’s upwardly mobile landscape. According to international property consultancy Knight Frank, the number of...
There are signs that the increase in private home prices is filtering down to the mass market, according to the latest report by property consultancy Jones Lang LaSalle. It said resale home prices climbed 9.5% in the first quarter from the previous three months, making it the fastest pace of growth in seven years. According to Jones Lang LaSalle, prices of homes in the secondary mass market saw a...