The Urban Redevelopment Authority (URA) said a 99-year leasehold private condo plot at Jervois Road has attracted 17 bids from developers. The site was launched for public tender on 22 December 2011 and the tender closed on 2 February 2012. SL Development submitted the top bid of $118.9 million or $880.74 per square foot per plot ratio (psf ppr). The second highest bid of $110 million or $814.81 psf ppr...
General
Fewer non-PR foreigners picked up private homes in January, as opposed to December when it had spiked, according to preliminary figures. A DTZ Research caveat analysis revealed that foreign buyers’ share grew from 16 percent in November to 23 percent in December. However, January’s figures fell to merely three percent. The caveat pool for January though is much smaller with only 131 so far, but more...
January’s private home sales may have improved from the mere 632 units sold in December, as developers could have sold about 1,700 to 1,800 private homes, not including executive condominiums (ECs). Sales dropped 53 percent year-on-year and 63 percent month-on-month in December, down from the 1,702 units sold in November. If ECs, a private-public housing hybrid are counted, December’s sales would hit...
Property developer OSK Property Holdings Berhad (OSKPH) will preview two of its Malaysian residential developments: the Mirage Residence and Mirage by the Lake on 4 and 5 February 2012, between 10am – 6pm at Hilton Hotel Singapore. Located in bustling Cyberjaya, Mirage by the Lake boasts scenic views of a lake with a hill behind, a location that is highly regarded in terms of Chinese fengshui, said...
Average capital values of eight luxury residential markets in the Asia Pacific region rose by only 0.2 percent in the fourth quarter, according to the latest Asia Pacific Residential Index released by Jones Lang LaSalle (JLL). The property consultancy said Bangkok, Beijing, Mumbai and Jakarta recorded an increase in capital values during the period. Prices remained stable in Singapore and Kuala Lumpur...
Applications for the recently-launched Tampines Trilliant Executive Condominium hit about 1,000 at the close of its first launch on Tuesday. The 670-unit condo, developed by Sim Lian Group, saw large crowds turning up at its launch last Friday, but whether this translates to actual buyers taking up the units is still unclear. Bookings for the apartments will close this weekend. City Developments'...
Crystal Tower, an 11-storey residential development off Bukit Timah Road, has been put up for en bloc sale again. Property consultant Colliers International is re-launching the freehold residential site located at Nos 41-45 Ewe Boon Road for sale by tender with an indicative price of S$150 million. The site measures 60,482 square feet and is zoned for residential use. Colliers said it can be turned into...
A mixed-use freehold development at Cactus Road, off Yio Chu Kang Road, has been put up for collective sale with an expected price tag of S$80 million to S$85 million. The site area is 73,098 square feet and the existing development was built in the 1980s. It has been zoned as a residential with commercial at 1st Storey and has a Gross Plot Ratio (GPR) of 1.4 with an allowable height of up to four...
Reimbursement of stamp duty is not wrong, according to property consultants assessing Far East Organization’s latest promotion. To counter the effects of the additional stamp duty that took effect in early December, the developer has introduced some marketing promotion strategies. They include offering customers furniture vouchers as well as ‘reimbursement’ of their stamp duty. Nevertheless, some...
The Nassim Hill condominium, located in an exclusive neighbourhood close to the Orchard Road shopping belt, features 16 luxury triplex apartments that boast private rooftop pools and gardens. In contrast to the strong demand expected for luxury homes, developer BBR Holdings Ltd is struggling with sales after the government introduced new measures to curb foreign demand. “The latest measures really hit...