Developers are turning to renowned foreign architects to add brand cachet to their building projects. Some 12 foreign architects have lent their names to at least 14 new private residential launches and projects under construction. The late Paul Rudolph and Mosche Safdie were among the first foreign architects to enter Singapore's residential market in the mid-80s. They are now joined by more than a...
General
Home buying demand for the second half of the year could slow, according to market watchers. They said that is mainly because a large portion of pent-up demand has already been satisfied. With six new land plots for executive condominium (EC) development up for tender later this year, analysts said prices for mass market homes may also fall. Lim Yong Hua and his family have been looking for a new home...
To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) have launched two residential sites at Tanah Merah Kechil Road and Bright Hill Drive for sale by public tender today. The two land parcels are launched for sale under the Confirmed List of the 1st half 2012 (1H2012) Government Land Sales (GLS)...
Mortgage debt seems to be the biggest debt for the Americans. While talking about mortgage debt forgiveness, you need to know that every lender will not agree to forgive your debt. However, there are few lenders who will agree to forgive mortgage-debt. The mortgage lender will forgive only a small portion of your debt. With proper budgeting and by keeping a track on your spending, you will be able to...
Frasers Centrepoint Asset Management (Commercial), the manager of Frasers Commercial Trust (FCOT), is seeking unitholder's approval for the proposed sale of KeyPoint, its property at Beach Road, to Bayfront Ventures for S$360 million. It is also seeking a mandate to buy back units of FCOT in the future without prior approval of unitholders. Mr Low Chee Wah, chief executive officer of FCOT, said: "The...
Kemaman View, a freehold residential development located off Balestier Road, was sold en bloc for S$45.5 million on Monday. The sale translated to S$935 per square foot per plot ratio for the 17,388-square-foot site. The buyer is privately-owned developer Aylesbury Private Limited, who outbid two other entities to clinch the deal. The development's marketing agent HSR Investment Sales said the owners of...
Singapore's retail rents remained resilient in Q2 2012, supported by a high employment rate and tourist arrivals. According to property consultancy DTZ, the average rents of prime retail space in Orchard/Scotts Road rose marginally by 0.1 per cent quarter-on-quarter to S$30.33 per sq ft per month. Meanwhile, average rents in suburban areas increased 0.2 per cent to S$28.35 per sq ft per month. However,...
Sentosa Cove failed to deliver good home sales numbers on the back of a general slowdown in the luxury property sector. According to consultants, the changing trend is due to attractive deals being offered in other areas, a lack of new launches on Sentosa and foreign buyers being deterred by the additional buyer’s stamp duty (ABSD). Alan Cheong, Research Head of Savills Singapore, noted that since the...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Buangkok Drive / Sengkang Central to White Haven Properties Pte. Ltd, a unit of Singapore-listed City Developments (CDL). The company submitted the highest bid in the tender for the site at S$301 million. The residential site was launched for sale by public tender on 16 April 2012 and closed on 12 June 2012. The...
Private home sales in Singapore saw a big decline of 23 percent month-on-month in May. Excluding executive condominiums (ECs), the drop in sales was even more significant at 32 percent from the previous month. According to data released by the Urban Redevelopment Authority, 1,702 new private residential units, excluding executive condominiums (ECs), were sold in May, down from April's record 2,487 units...