Property developer UOL Group is set to launch its latest freehold mixed development this Thursday. Called Katong Regency, the 224-unit project is located on the former site of Lion City Hotel and Hollywood Theatre along Tanjong Katong Road. It comprises three residential towers situated atop a three-storey retail mall dubbed ONE KM. The residential component offers 126 one or one-plus-study bedders, 58...
General
Harbour View Gardens, a freehold residential site in Pasir Panjang, has been put up for collective sale. Its marketing agent Colliers International said indicative price for the site is between S$36 million and S$38 million, which works out to be between S$836 and S$883 per square foot per plot ratio. Harbour View Gardens comprises a total of 14 units and is located on a site measuring about 30,745...
A residential site at Boon Lay Way will be put up for sale by public tender after an application from a developer has been accepted by the government. The Urban Redevelopment Authority (URA) said the land parcel was made available for sale through the Reserve List system on December 22, 2011. Under the Reserve List system, a site will only be put up for tender if the developer's minimum bid price is...
The number of new private homes sold in the first quarter of this year crossed the 6,600 mark - a record high, according to analysts. But have prices of private home sales peaked? Riversound Residences and the Palm Isles were among last month's top four selling projects, all located in the suburbs. March raked in over 2,300 new private homes, lower than February's 2,400. Still, the first three months of...
The Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) are releasing six residential sites for sale in April 2012. This is to provide developers and home-buyers with more choices for private housing. In a statement, the URA said that together, the six sites will yield about 2,380 units as part of the total 14,100 residential units to be released under the Government Land...
CapitaLand said it has received strong interest for its suburban condominium project, Sky Habitat. As of 6pm on Sunday, it sold 70 per cent of the 180 units launched for sale this weekend. The developer said eight in 10 buyers are Singaporeans. Eighty-one per cent of units sold were two- and three-bedroom units. Said to be the most expensive suburban condominium here, the development in Bishan Central...
The most expensive suburban condominium in Singapore, Sky Habitat, was launched on Saturday. It was crowds galore at Sky Habitat's showflat on Saturday with potential homebuyers and curious residents from the Bishan neighbourhood checking out the designer project. The development in Bishan Central is going for S$1,700 to S$1,800 per square foot and a three-room unit, which starts at 1,216 square feet,...
With a growing number of senior executives from the expatriate community leaving Singapore, some prime locations are seeing a drop in asking rentals. Based on data compiled by The PropertyGuru, the most notable fall in median asking rental prices was seen in District 4 (Harbourfront / Telok Blangah), recording a significant 15 percent decline from a median price of S$7,900 in Q4 2011 to a median price of...
Vacancy rates of Grade A office buildings in the central business district (CBD) declined at a slower pace to 6.5 per cent in the first quarter this year. This compared to the 6.8 per cent fall in the fourth quarter of last year. According to property consultancy Savills Research in its latest report on the office sector on Friday, the leasing market has been dominated by enquires from small- to...
A three-bedroom villa at luxury hotel Capella Singapore is being offered for long-term rentals at S$42,000 a month, making it one of the most expensive rental properties here. "We are targeting at least a two-year lease," said Mr Robert Lagerwey, general manager of the five-star hotel, which opened on the leafy tropical island of Sentosa in March 2009. The house, which covers 4,693 sq ft on two floors,...