A freehold property on Whitley Road is up for a collective sale. According to its marketing agent DTZ, the development Villa Des Flores is located in the Chancery-Bukit Tunggal neighbourhood. The 9,696.3 square metre site can be redeveloped into a two-storey mixed landed housing project. The developer has the option to build detached, semi-detached and terrace housing, or a combination of all. As a...
General
Seeking more support to offset rising rental cost takes top spot in the wish list of Singapore companies for the upcoming Budget 2013. This is according to a survey finding by the Institute of Certified Public Accountants of Singapore (ICPAS). While no official date for Singapore Budget has been announced yet, many companies are hoping that the government will hand out some goodies in this year's...
As the market moves closer to the peak of incoming supply, private home prices in Singapore could decline by up to five percent while demand remains robust at around 20,000 units, said DBS Group Research. Moreover, the government is set “to release policy review papers on population, infrastructure and land use (Concept Plan and Master Plan) this year”. DBS said that this may provide “some...
Property analysts expect resale prices of public housing flats to remain high this year, after trending up by 2.5 per cent in the fourth quarter of 2012. But they said prices could start to weaken in 2014 to 2016 as over 8,000 units of resale flats could be available in the market. G.Sharmene and her family are expecting to move into their new executive condominium (EC) unit at Austville Residences early...
The Urban Redevelopment Authority received 12 bids at the close of tender for the residential site in Ang Mo Kio Avenue 2 on Tuesday. Pinehill Investments - a wholly-owned subsidiary of Wheelock Properties (Singapore) - was the highest bidder for the residential site for S$550 million, or S$790 per square feet per plot ratio (psf ppr). This was 2.6 per cent above the second highest bid of S$536 million...
Echelon, the highly anticipated residential development by City Developments Limited (CDL) and its joint venture partners Hong Leong Holdings Limited and Hong Realty (Private) Limited, continued with its strong sales when the project was officially launched over the first weekend of the New Year – 2013. Over 200 units were snapped up when the project previewed on 28 December 2012. As at Sunday, 6 January...
The eye-popping S$590 million collective sale of Thomson View Condominium faces opposition from 13 of its owners who claim the block is undervalued, The Straits Times reported. As a result, the Strata Titles Board has issued a stop order that takes effect on 14 January as three rounds of mediation for the condo have been unsuccessful. The main issue is reportedly the sale price. Those objecting feel they...
Prime shopping space in the central business district (CBD) has shrunk. As at end of September 2012, retail space - excluding that for drinking, eating and entertainment - has fallen by about 3 per cent, according to data by the Urban Redevelopment Authority (URA) which was analysed by real estate firm Colliers International. Prints, an upmarket stationery retailer, has been looking to expand in the...
The Alexandra area is set to become a hotspot for expatriates on the lookout for rental properties, noted a report in The Straits Times. According to Steven Tan, Managing Director of OrangeTee, the area has evolved in recent years. While housing used to be limited to HDB flats, more private properties have mushroomed within the area, including Alexis, Metropolitan and the newly-launched Echelon. Sited on...
National Development Minister Khaw Boon Wan has asked the Urban Redevelopment Authority (URA) to review and fix the policy allowing developers to sell off free spaces to make additional profit for themselves. He said this in a blog post, "Who Gets Short-Changed?", on Monday, on the heels of recent launches of executive condominium (EC) projects. Mr Khaw noted that in these projects, super-sized units...