Sales of new private homes in Singapore declined by about 25.7 per cent to 1,948 units in October, from 2,621 units in September, according to data released by the Urban Redevelopment Authority (URA). URA said October's sales were led by the mass market segment which sold a total of 1,482 units. Meanwhile, 144 new homes in the core central region and 322 new units in the city fringe were sold. The top...
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To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) are releasing four sites for sale in November 2012. The two land parcels at Jurong West Street 41 and Ang Mo Kio Avenue 2 are launched for sale today under the Confirmed List. In addition, Parcel B at Jurong West Street 41 is also made available...
Spottiswoode Suites - a upcoming freehold luxury condominium at Spottiswoode Park Road is located in prime Tanjong Pagar Central Business District (CBD). Rising up to 36-storeys, residents can enjoy a unblock panoramic view of the sea and city. Spottiswoode Suites is within minutes walk to Outram Park MRT and it is in close proximity to the Central Business District, Vivocity, Sentosa, Marina Bay Sands,...
Seven per cent or about 3,000 applicants failed to complete the purchase of their new Housing and Development Board (HDB) flats after successfully selecting one in the last two years. There were 43,000 bookings for new HDB flats in 2010 and 2011. In a written reply to a parliamentary question filed by MP for Pasir Ris-Punggol GRC Gan Thiam Poh, the Ministry of National Development said there were three...
S$3 billion mixed development property is set to vastly alter the Bugis skyline over the next few years. Named DUO, the property will comprise residences, offices, hotel and retail space. Its developer, M+S, jointly owned by Malaysia's Khazanah Nasional and Temasek Holdings, unveiled the design of the project on Wednesday. By 2017, two new towers will be added to the Bugis skyline. Enclosed in a...
Singapore real estate company CapitaLand has said its growth in China remains on track amid slowing economy and leadership transition in the country. It still expects China to account for 45 per cent of the company's assets in the next three to five years. CapitaLand's outgoing CEO Liew Mun Leong said the company is also in a good position to compete with state-owned enterprises in China. Lim Ming Yan...
City Developments (CDL) has warned of a potential oversupply of home units in Singapore. In a statement accompanying its quarterly earnings, CDL said it is "cognisant that between 2014 and 2015, there could be some oversupply with more residential units being completed." However, the group said the fear could be unwarranted if the world economy turns around by that time and the majority of the completed...
With prudent housing choices, young Singaporeans in the workforce today will have enough savings through the Central Provident Fund (CPF) system for their retirement. This is according to details released on Wednesday from an independent study commissioned by the Ministry of Manpower. Deputy Prime Minister Tharman Shanmugaratnam first made mention of this study at the opening of the Singapore Human...
The HDB resale market is showing signs of stabilising, said National Development Minister Khaw Boon Wan. Speaking in Parliament on Wednesday, Mr Khaw said the yearly Resale Price Index (RPI) growth has gone down from 14.1 per cent in 2010 to 10.7 per cent last year. And in the first nine months of this year, the figure stood at 3.9 per cent. However, Mr Khaw said an uptick in quarterly RPI growth to two...
Recreational facilities at Punggol Point are shaping up, following the opening of Punggol Point Walk last year. Operations at the site are set to begin as soon as it receives its temporary occupation permit. The 2.9-hectare site took about S$4 million to develop. The site comprises a horse-riding centre with over 60 stables. It will be themed a cow-boy town, and will feature 30 chalets, a retail shop,...