The mixed development at Clementi Town Centre and Punggol Waterway have bagged top honours in this year's Housing and Development Board (HDB) awards, with their strong distinctive identity and character. They won the Design Awards, along with the upcoming Build-to-Order (BTO) project at Bukit Batok, Skyline I & II, a residential development which promises to be a landmark in the Jurong Lake area when...
General
Shares of Singapore property developers posted sharp falls yesterday as the market gave its first reaction to the tighter rules on home loans brought in by the Government to help curb the continued upward pressure on residential prices. CapitaLand fell 3.3 per cent, City Developments dropped 2.3 per cent and Keppel Land lost 1.7 per cent. The Straits Times Index lost 1 per cent. Analysts said there was...
Sales of bungalows at Sentosa Cove have picked up significantly in recent weeks, rebounding from the effects of the additional buyer’s stamp duty (ABSD), reported The Business Times. Owners of around 12 bungalows issued options to potential buyers in the past two months, with interest coming mostly from foreigners, especially China nationals. For instance, two homes on Pearl Island were reportedly sold...
Despite the new housing loan rules from the Monetary Authority of Singapore (MAS), home buyers are still flocking to condominium showflats, with strong turn-out seen last weekend at Skies Miltonia in Yishun and Riversails at Upper Serangoon, according to The Business Times. 67 percent of units at the 420-unit Skies Miltonia have been taken up. In addition, the developer is offering an 18 percent discount...
Punggol is rapidly developing into a major commercial and residential hub, underlined by strong interest for the new Watertown development. Over at the upcoming retail mall Waterway Point, supermarket NTUC FairPrice Finest and Shaw Theatres have signed on as anchor tenants. The FairPrice Finest outlet will occupy around 30,000 sq ft of retail space and provide a variety of quality products and...
The Hillier, a 528-unit development in Upper Bukit Timah by Far East SOHO has seen brisk sales, with 96 percent of units already sold. Launched in January, The Hillier comprises two towers of SOHO apartments and an adjoining two-storey retail podium called HillV2. According to Far East Organization, only 21 available units are left. “Integrated developments and trans-urban locales have become...
Latest measures to cool the property market announced on Friday have prompted some buyers to seal last-minute deals, before the new rules kick in. From yesterday, buyers who opt for home loans over 30 years, or past the retirement age of 65, will have to fork out significantly more cash. Older investors, like 60-year-old Madam Doris Lim, are the hardest-hit by the latest restrictions on home loans. "I...
Property investment has become so attractive to so many people here, it seems, that it may actually have reached the point where it is increasing risk and crowding out other investments that could be better for the Singapore economy. In many countries, income from investment in residential property is a blip in overall economic indicators and a small percentage of GDP. Deutsche Bank noted in its Real...
Five restoration projects have been awarded the Urban Redevelopment Authority's Architectural Heritage Award this year. They include The Sultan hotel, NUS' Bukit Timah Campus and Space Asia Hub. They were selected for their exceptional and innovative work in heritage conservation. Visitors to The Sultan hotel along Jalan Sultan are treated to a trip back in time to Singapore's colonial era. Mr Tan Kay...
The Monetary Authority of Singapore (MAS) will restrict the tenure of loans granted by financial institutions for the purchase of residential properties, effective from 6 October. MAS' move is part of the government's broader aim of avoiding a price bubble and fostering long-term stability in the property market. The new rules impose an absolute limit of 35 years on the tenure of all loans for...