Two new residential sites have been launched for sale by public tender on Thursday, to provide home-buyers and developers with more choices for private housing. The Urban Redevelopment Authority (URA) and Housing and Development Board (HDB) said the sites are at Hillview Avenue and Upper Serangoon View/Upper Serangoon Road. The two parcels are under the Confirmed List of the first half of this year's...
General
The tender for a 99-year leasehold residential site at Kovan Road / Simon Road drew 11 bids at the close yesterday, according to data from the Urban Redevelopment Authority. The top bid of S$194.6 million, or about S$507 psf of gross floor area, was made by a three-way consortium comprising Hoi Hup Realty, Investment Focus and Oriental Worldwide Investments. The 4.2-acre site has a maximum permissible...
More than 160 of the 250 units available for sale at the preview launch of Watertown, Singapore's first integrated waterfront residential and retail development, were snapped up within five hours yesterday evening. Singaporeans accounted for more than 90 per cent of the buyers, said Far East Organization, one of the three developers of the project. The SOHO apartments and suites received the most...
China's December home prices posted their worst performance last year, with only two of the 70 cities tracked posting gains, and may drop further as Beijing sticks to its campaign to bring housing costs back to levels that the government considers reasonable. Prices in 52 of 70 cities monitored by the government declined from the previous month, the National Statistics Bureau said yesterday. New home...
The government collected S$10.87 billion in stamp duties for properties in the past five years. Minister of State for Finance Josephine Teo gave this update in response to a question from Non-Constituency MP Lina Chiam. Mrs Chiam wanted to know how much in stamp fees the government collected for sales and purchases of properties. Source : Channel NewsAsia – 18 Jan...
National Development Minister Khaw Boon Wan has released data on the extent of Cash Over Valuation (COV) paid by different buyer groups. Writing in his blog, under the heading "Who Bids High?", Mr Khaw revealed that private property owners paid the highest median COV of S$45,000 in the last quarter of 2011. The next highest was S$34,000 in median COV paid by second-timers. First-timers paid S$33,000,...
Housing residents in an HDB flat within an HDB community, with access to HDB estate facilities is preferred over dormitory-type temporary housing. The latter may not be suitable for family-based households. National Development Minister Khaw Boon Wan said this in a written parliamentary reply, in response to Chua Chu Kang GRC MP Zaqy Mohamad. Mr Zaqy had asked if the government will consider easing the...
National Development Minister Khaw Boon Wan has said his ministry can now move on to better help second-time flat buyers. This comes as first-timers enjoyed a 1.5 application rate for the last Build-To-Order (BTO) launch in January. This means practically all will get a chance to choose a unit. This is similar to the rate of 1.6 in the November BTO. Mr Khaw announced this on his blog on Tuesday. The...
National Development Minister Khaw Boon Wan said HDB studio apartments do not fit the housing needs of younger singles. He said these apartments are sold with a short 30-year lease which is appropriate for retirees but not necessarily for younger people. Mr Khaw said this in response to a question from MP Dr Intan Azura Mokhtar. She had asked if his ministry will consider allowing singles who are 55...
Singapore-listed real estate investment trust, CapitaMall Trust (CMT) said its distribution per unit for the fourth quarter dipped by 2.5 per cent, to 2.30 Singapore cents. For the full year, distribution per unit rose 1.4 per cent, to 9.37 Singapore cents. At a results briefing, CMT said it has booked a net property income of S$418.2 million for its 2011 financial year. That's up by 4.8 per cent...