Singapore will give the development of green buildings an added push. The Economic Development Board is supporting the formation of groups of developers, consultants and building technology and materials providers to undertake research on enabling eco-friendly buildings and cities of the future. At the same time, the Building and Construction Authority is working on its third Green Building...
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A residential site at Mount Sophia attracted nine bids at the close of its tender on Tuesday, according to the Urban Redevelopment Authority (URA). The highest bid was submitted by a consortium comprising Hoi Hup Realty, Sunway Developments and S C Wong Holdings at S$442.28 million. This works out to a land price of S$1,157 per square foot per plot ratio (psf ppr). The top bid is only 0.1 per cent...
Singapore-listed developer Ho Bee Investment says claims by home owners against alleged defects at The Coast at Sentosa Cove will be "vigorously defended". The Coast's Management Corporation Strata Title (MCST) is taking legal action against the developer for alleged defects including termite-infested pool decking and flooded staircases at the high-end condominium. The Coast was developed by Ho Bee...
Angered by what they allege to be "defects" on their property - which include termite-infested pool decking, flooded staircases in common areas and incorrectly-installed electrical fittings - 108 owners of an upscale condominium on Sentosa Cove have taken property developer Ho Bee Investment and three contractors to court. Ho Bee has denied some of the claims, said its Executive Director Desmond Woon....
The usual spike in private property sales associated with the end of the Hungry Ghost Month may be more muted this year as the market is still coming to terms with the impact of the recent introduction of new loan restrictions. There was a flurry of activity over the weekend, with a number of condominium launches and previews, but analysts said this might not translate into the sudden, big increase in...
The collective sales or en bloc sales market for private residential properties saw a slowdown of 13 per cent in the second quarter (Q2) compared to the first three months of the year. The collective sales market in Q2 remained lukewarm as only four small sites were sold for a total of S$215.4 million. This is compared to the three deals worth S$247.8 million done in the first quarter. Analysts said...
Several new properties have been launched or opened for preview this weekend but some property developers said sales have been affected by recent loan restrictions. Skywoods condominium at Dairy Farm Road is one of the new properties that has been launched this weekend. It is going at an average of S$1,250 per square foot. Out of 420 units, 150 units are on offer at this phase. At its pre-launch...
Resale prices of private homes have surged to record highs in August. This is despite a slew of property cooling measures introduced by the government, including recent curbs on housing loans. Still, analysts are mixed on their outlook on where private property prices are heading. Prices of private non-landed residential resale units climbed 1.5 per cent last month, according to data compiled by...
Hongkong Land Holdings, which owns a stake in the biggest developer of Marina Bay Financial Centre (MBFC), will seek more commercial plots in Singapore, as tenants seek to upgrade to new buildings. Hongkong Land, as part of a venture with Cheung Kong Holdings and Keppel Land, is eyeing land purchases in Singapore’s prime office areas when the Government puts them up for sale, the company’s Executive...
The cash premium, or Cash-Over-Valuation (COV), for Housing and Development Board (HDB) resale flats has reached a four-year low. According to the Singapore Real Estate Exchange (SRX) monthly flash report, overall COV dropped to S$18,000 in August, the lowest level since July 2009. For the first time since 2006, SRX said HDB resale flat prices have fallen for the fourth straight month. Overall HDB...