Global housing markets posted mixed signals during the full year ending Q3 2012 according to the latest survey of global house price trends by the Global Property Guide. The bad news is strongly concentrated in Europe as the scale of the European downturn, the sheer size of the downward pressure, continues to surprise. Seven of the 10 Asian housing markets included in the survey performed more poorly...
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Singapore has edged out Hong Kong in terms of living conditions deemed most desirable in the Asia Pacific region for mobile millionaires, according to a survey by RBC Wealth Management. The city-state was favoured by almost a third of US dollar millionaires who spend most of their time outside their home countries, while Hong Kong placed second with 24 percent, said RBC and The Economist Intelligence Unit...
The Whitley Residences by Hoi Hup Realty sold 19 freehold cluster homes at around S$5 million each during a preview last Sunday. This translates to an average price of about S$850 psf, taking into account the 12 percent discount and absorption of the three percent buyer’s stamp duty, reported The Business Times. According to a spokeswoman for the developer, all the buyers were Singaporeans....
The Urban Redevelopment Authority (URA) closed the tender for the residential site at Alexandra View today. The 99-year leasehold site at Alexandra View was launched for public tender on 7 November 2012. It was originally made available for sale through the Reserve List system on 26 September 2012. The top bid was submitted by Singland Homes, a wholly-owned subsidiary of SGX-listed property developer...
A conservation shophouse in Dhoby Ghaut has been put up for tenancy by the Singapore Land Authority. Shophouses in Orchard Road are rare, especially the one up for tenancy at 38 Orchard Road which is 3-storey high shophouse with a floor area of 4,000 square feet. Channel NewsAsia understands that there are about 30 such shophouses in the area. These conservation shophouses have been gazetted for...
Singapore property investors are now moving across the Causeway in search for new opportunities. This has caused residential property prices in Johor's Iskandar region to climb almost four fold since they were launched some 5 years ago. A bungalow in Horizon Hills which cost about RM1 million (S$400,000) about 4 years ago now costs about RM5 million. Meanwhile, land plots for bungalow developments in...
DBS Group on Monday announced plans to acquire a stake in Marina Bay Financial Centre Tower 3 (MBFC), where the bank's headquarters is located. In a filing with the Singapore Exchange, the bank said it will pay S$1.035 billion for a 30 per cent share in Central Boulevard Development Pte Ltd - a joint venture of Cheung Kong (Holdings) Ltd and Hutchison Whampoa Ltd. DBS also has an option to take up...
Dual-key units in executive condominiums (ECs) are rising in demand among home-seekers. Developer MCC Land said its executive condominium project One Canberra sold out its 95 dual-key apartments within a month, from when the project was launched in April. The developer is now confident that its new project, the EC Forestville, will also do well. The number of dual-key apartments there is twice that of...
All 16 penthouses going at between S$1.3 million and S$1.6 million have been snapped up as sales opened on Friday for yet another Executive Condominium (EC) project in the market. About a third of the units at the Topiary, located along Fernvale Lane, were sold within four hours. Prices start from S$580,000 for a 2-bedroom unit. Its developer Kheng Leong said recent transactions in the area show that...
Pearl's Hill Lower and Upper Barracks have been marked as historic Singapore sites in a ceremony on Monday. Pearl's Hill Lower and Upper Barracks were the former headquarters of the Singapore Police Force. The event, which was held at the Police Headquarters at New Phoenix Park, was held in conjunction with the 10th anniversary celebrations of the Police Heritage Centre. The ceremony was also attended...