A 55-unit residential development at Guillemard Road has been put up for collective sale by tender. Versailles has an indicative price tag of between S$105 million and S$110 million, which translates to some S$1,088 per square foot (psf) to S$1,133 psf. The site has a land area of around 53,073 square feet (sq ft). Exclusive agent for the deal Jones Lang LaSalle said the development has a...
General
Keppel Land unit Harvestland Development has won the tender for a private residential site in Kim Tian Road with a top bid of S$550.3 million, Urban Redevelopment Authority data showed on Tuesday. Harvestland’s bid translates to S$1,162.86 per sq ft per plot ratio, the highest ever for a pure residential site, beating the previous record of S$1,107 psf ppr for a site at Farrer Road, said Mr Lee Sze...
Wing Tai Holdings Chairman Cheng Wai Keung is selling a good class bungalow near the Botanic Gardens for as much as S$300 million, which would make it a record price for a single residential property in Singapore. The 85,000-square-foot site at 33 Nassim Road includes a two-storey home, swimming pool and tennis court, according to Jones Lang LaSalle, the sole marketing agent. Mr Cheng, 62, is also...
E-applications for the executive condominium (EC) project Twin Fountains in Woodlands have closed. Close to 1,000 e-applications were received. This translates to a subscription rate of approximately 2.3 times, based on the 418 residential units up for sale. About 3 in 10 of e-applications received were from first-time home buyers. The rest were second-time buyers. CEO of Frasers Centrepoint...
Sales of new private homes jumped by four times in March, compared to February. Latest figures released by the Urban Redevelopment Authority showed that developers sold 2,793 new units (excluding executive condominiums) in March This is the highest monthly sale volume since June 2007, surpassing the previous high of 2,772 units in July 2009, according to Dennis Wee Group. This is also in sharp...
The government will be releasing four residential sites for sale this month. The four sites can collectively yield about 1,800 residential units. One executive condominium site at Anchorvale Crescent and two residential sites at Fernvale Close and Faber Walk will be launched for sale on Monday under the Confirmed List. The plot in the landed enclave of Faber Walk can potentially yield 210 units, and...
Foreign buyers of Singapore properties have not totally fled the market, despite the higher taxes that they have to pay following tough cooling measures. More are finding it worthwhile to adjust their budgets, just to get their hands on their dream homes. A market flushed with cash and low borrowing rates has made investors all over the world to seek safe havens in Singapore properties in the last...
The first executive condominium (EC) project for the year was launched in Woodlands on Wednesday. As of 5pm, the developer of Twin Fountains said it has received 155 online applications for the 418 units on offer. Applications will close on 21 April. The project is being jointly developed by Frasers Centrepoint and Lum Chang. It wasn't the packed sales gallery that some might have expected,...
The tender for a residential site at Sengkang West Way has attracted a total of eight bids. The highest bid of S$262.1 million was submitted by Secure Development, a unit of UOL Group, said the Housing and Development Board (HDB). This translates into about S$489 per square foot per plot ratio. The second highest bid was placed by developer Bayfront Land at S$253.6 million. HDB said the other...
Prices in the resale private property market fell just two per cent in March compared to February, according to data from major property agencies compiled by the Singapore Real Estate Exchange (SRX). But resale volumes in March jumped 87 per cent from February. The drop in resale private home prices was led by those in the suburbs, where resale prices fetched S$1,071 per square foot, 3 per cent lower...