The government has launched a commercial site near the Woodlands MRT station for sale by public tender next month. This is the first site to be put up for sale in the Woodlands Regional Centre since detailed plans for the area were announced as part of the Draft Master Plan 2013 on November 20. In a statement on Tuesday, the Urban Redevelopment Authority (URA) said the proposed development on the...
General
Demand for new private homes in Singapore jumped 15 per cent in November, led by strong sales from new launches such as Duo Residences in Bugis and Alex Residences at Redhill. According to data from the Urban Redevelopment Authority (URA), 1,228 units of new private homes were sold in November, up from a revised 1,070 units transacted in October. Among the units sold, 214 are located in the suburban...
The Housing and Development Board (HDB) will be building more two-room flats to allow more singles to realise their dreams of owning their homes. Authorities will also continue to push out a steady stream of studio apartments to help the seniors right-size, if they wish, said National Development Minister Khaw Boon Wan. For families, the authorities will begin to reduce the supply of three-room,...
The Housing and Development Board (HDB) and the Urban Redevelopment Authority (URA) said today (Dec 16) that they are releasing five residential sites for sale this month under the 2nd half 2013 (2H2013) Government Land Sales (GLS) Programme. The five land parcels are expected to yield about 3,000 residential units collectively, the HDB and URA said in a joint statement issued this morning. Sale of...
The trade and industry ministry today (Dec 16) launched its Industrial Government Land Sales Programme (IGLS) for the first half of 2014 with eight Confirmed List sites and five on the Reserved List with a total site area of 20.42 hectares. The Ministry of Trade and Industry (MTI) said in a statement this morning that “proposed land quantum for the first half 2014 reflects a continuation of the...
Property agents expect larger executive condominium (EC) units to be a tough sell following the implementation of the 30 per cent Mortgage Servicing Ratio (MSR) on December 10. Seven executive condominium projects were launched for sale in 2013. They offer a total of 3,337 units, of which 2,337 have been sold as of December 10. Of the remaining units, agents say 48 per cent are larger 4- and...
More Singapore investors are giving the Philippines property market a second look as they search for fresh opportunities. Market watchers said the uptrend in property prices has spurred growing interest in the Philippines property sector. Prices of condominiums in the Philippines have gone up by as much as 20 per cent this year, outperforming the annual average of about five to eight per cent growth,...
The buying interest for private homes in the city is expected to make a comeback as prices continue to moderate. Some property analysts believe demand for these high-end homes could pick up as early as the middle of next year. But others have said the cooling measures may still weigh on buying sentiment going forward. The brisk sales at DUO Residences at Bugis recently showed that there is still...
Some of the world’s biggest institutional investors, including Singapore’s Global Logistic Properties (GLP), are snapping up more and more Japanese real estate. The reason? Not Abenomics but the massive shortage of modern warehouse facilities that has resulted in very low vacancy rates. Prime Minister Shinzo Abe’s pro-growth strategies have been lauded by some market observers as the impetus...
The atrium shop space at Sim Lim Square has been put up for sale by expression of interest. In a statement on Thursday, its marketing agent CBRE said the atrium shop at the ground floor of Sim Lim Square comes with a strata area of approximately 2,756 square feet. The unit attracts a high volume of shoppers due to its open concept. CBRE expects the property to attract strong interest from...