DEVELOPERS launched 624 private homes (excluding executive condominiums) in July and sold 1,091 units, based on figures from the Urban Redevelopment Authority (URA) released on Monday. The launch volume was more than twice June's 234 units, while the sales volume also doubled from June's 536 units. Some 464 units sold (out of 500 launched) at MCL Land's Jurong West condominium Lake Grande in July...
General
THE Urban Redevelopment Authority (URA) will launch for public tender a plum site along Central Boulevard in the Marina Bay area after an unnamed party made a successful application for the site's release. The white site is on the Reserve List of the Government Land Sales programme for H2 2016. The developer has committed to bid at a price of at least S$1.536 billion at tender; this works out to S$1,010...
Cheung Kong Property Holdings is open to selling its buildings in Hong Kong, Deputy Chairman Victor Li told analysts at a briefing Thursday. "I always look at deals, it's my job to look at deals, both purchases and sales," Mr Li said when asked if he would consider selling commercial buildings, according to a recordingof the briefing. "There is no deal that we must have, there is no property we must...
DESPITE a 0.5 per cent month-on-month decline in resale prices of condos and apartments in the Core Central Region (CCR) in July 2016, prices in the region were up 6.2 per cent year on year. This is according to SRX Property flash estimates for last month released on Wednesday. The CCR has outperformed the other two regions tracked by SRX's resale price index for non-landed private homes, on a y-o-y...
THE Agape, a three-storey building with a basement carpark, is up for sale by expression of interest, with a guide price in the range of S$8 million to S$10 million. Located at 21 Yung Ho Road, it is located directly opposite the entertainment complex Superbowl and near Jurong Gateway. The building has a land area of 62,087 sq ft and a gross floor area of about 80,676 sq ft. "With the dearth of...
RENTS for non-landed private homes in Singapore remained on a slide in July, marking a 0.4 per cent decline from a month ago and a 4.8 per cent fall from a year ago. The main drag came from the suburban region or the Outside Central Region (OCR), where rents slipped 1.1 per cent month on month, followed by a 0.7 per cent decline in the Core Central Region (CCR). Meanwhile, rents in the city fringe or...
RESALE prices of non-landed private homes in Singapore eased 0.4 per cent in July 2016 over the previous month, based on SRX Property's flash estimate for last month released on Wednesday. The drop contrasts with a revised 0.4 per cent month-on-month gain in the index for June 2016. SRX Property had earlier indicated a 0.5 per cent increase for June based on its flash estimate for that month. The...
THERE has been an improvement in bungalow deals in Sentosa Cove lately, after a slow start this year. A bulk sale for the remaining 10 bungalows on Pearl Island, one of the five man-made islands in the waterfront housing district, has been entered into. The transaction, via a sale of shares in the company that developed the 19-villa project, values the balance 10 bungalows at S$120-130 million, which...
Bound by the Jurong Gateway and Lakeside precincts, Lake Grande’s prime location connects you effortlessly to all your work, education and leisure opportunities – perks of living in Singapore's second Central Business District. Lake Grande's choice location puts the Lakeside MRT station at your doorstep and major expressways such as KJE, PIE and AYE a short drive away. The upcoming Jurong Region Line...
It is "too early" for the Government to consider lifting the property cooling measures currently in place, as it looks to make sure the gains "painstakingly made" are entrenched, said Mr Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), on Monday (Jul 25). Speaking at the central bank's annual report briefing, Mr Menon said it is also to make sure the local property market...