General

Location: Compassvale Bow (District 19) Tenure: 99 years leasehold Year of Completion: 2016 Site Area: approx 197,419 sqft Total Units: 616 in 6 blocks of 15/16/17-storey Unit Types: 1 bedroom ~ 463 - 581 sqft 2 bedroom ~ 689 - 904 sqft 3 bedroom compact ~ 872 - 1,130 sqft 3 bedroom ~ 1,109 - 1,389 sqft 4 bedroom ~ 1,324 - 1,625 sqft 4 dual key ~ 1,356 - 1,647 sqft 5 bedroom ~ 1,636 - 1,701 sqft Penthouse...

Ascott Reit has agreed to buy three serviced residences in China and 11 rental residential properties in Japan for a total of S$287 million. This will raise FY2012 distribution per unit by 2.9 per cent – from 8.76 cents to 9.01 cents. Ascott Reit said the three serviced residences in China are located in Shanghai, Shenyang and Suzhou and they will continue to be managed by Ascott. It will also...

A Sydney harbour-front mansion has been sold to a Chinese-born businessman for A$53 million (US$54.3 million), setting a new property record for the city, reports said Thursday. The eight-bedroom, seven-bathroom house "Altona" in prestigious Point Piper had been on the market for several years, having been bought in 2002 for A$28 million by a former publishing executive. The Australian Financial...

The Capitol Investment Holdings consortium has sold 12 of the 39 residential units in its S$750 million Capitol project, reported The Business Times. Units were sold at an average price of S$3,000 psf. Located at the junction of Stamford and North Bridge roads, the mixed-use development is expected to open in Q4 next year. Aside from its residential component called Eden Residences Capitol, there are...

National Development Minister Khaw Boon Wan has said the government loses "hundreds of millions" of dollars when constructing public flats. He made the point on Thursday night at a dialogue session on housing issues. This comes amid calls from some quarters for land costs to be taken out from the pricing of public flats to make them more affordable. Mr Khaw also hinted at several other changes to...

New rules will be implemented for the real estate industry. From 1 June 2013, the practice of collecting "blank" cheques from property buyers will come with tighter safeguards. The practice is often used to book private properties before they are launched. Property agents will no longer be allowed to collect cheques unless there is a request in writing from the developer directly to the...

Several mixed development projects are expected to be launched for sale in the coming months. Some analysts say home buyers and investors should assess their options carefully as mixed development projects may not necessarily command a premium over pure residential developments. Hillion Residences at Bukit Panjang is one of the mixed development projects in the market. Over three quarters of the...

Private residential property prices in Singapore rose by 0.6 per cent in the first quarter of 2013, compared to the 1.8 per cent price growth recorded in the fourth quarter of 2012. This is according to data released by the Urban Redevelopment Authority (URA) on Friday. Private residential property rentals went up by 0.8 per cent in the first three months of this year, which was marginally higher...

Bright Chambers, a nine-storey commercial building at the junction of Middle Road and Victoria Street, has been sold en bloc for S$45 million to Arjuno Holdings, a special purpose vehicle run by Pamfleet Asset Management, marketing agent Jones Lang LaSalle said yesterday. Bright Chambers, zoned for commercial use, sits on a land area of 5,263 sq ft and has an existing plot ratio of 7.943, exceeding the...

The Resale Price Index (RPI) for Housing & Development Board (HDB) flats rose 1.3 per cent from 202.9 in the fourth quarter of 2012 to 205.5 in the first quarter of 2013. According to data released by HDB on Friday, resale transactions fell 23 per cent from 5,631 cases in the fourth quarter of 2012 to 4,335 cases in Q1 2013. In the rental market, subletting transactions rose 15 per cent from 6,443...