The collective sale of a 16-unit apartment located at Robin Road has gone through for $52 million, says property consulting firm Credo Real Estate. The winning bid came from Sing Holdings, which vied for the two 4-storey block apartment that forms part of four adjoining properties. Ms Yong Choon Fah, Executive Director of Credo Real Estate, said: "More than 80 per cent of the owners at 2 to 8 Robin Road...
General
Corporate events bookings at Singapore hotels have increased this holiday season and the Singapore Tourism Board (STB) says the outlook for next year is also positive despite the economic slowdown. In Singapore, hotels are adorned in Christmas livery and preparations for year-end festivities are in full-swing. Meetings, Incentives, Conventions and Exhibitions (MICE) bookings have had a strong showing so...
Singapore-listed SingXpress Land said on Monday it has sold about 80 per cent of luxury freehold development Charlton Residences at an average price of S$2.8 million per unit as of Sunday. The 21-unit three-storey cluster development, located in Kovan district, is expected to obtain its Temporary Occupation Permit in 2014. The three-storey landed designer homes range from 5,350 to 7,696 square feet, each...
Singapore’s property market has become increasingly cautious, as sales of new homes dropped 15 percent month-on-month in October, according to Savills Research. Due to strong home sales from January to October 2011, about 13,688 new home sales were registered over that period, representing a four percent year-on-year rise. This month, three major projects that could yield over 1,500 new mass-market...
he Council for Estate Agencies (CEA) has launched its first educational brochure Monday on estate agency work. CEA said its part of its outreach effort to equip consumers with essential knowledge to help them experience a smooth property transaction. Called "Consumer Tips for Engaging a Real Estate Salesperson", the guide provides a reference to those who wish to engage the services of real estate...
Amid the sluggish outlook for industrial metals, at least one producer is hedging its bets. Straits Trading - whose tin producing unit contributes 85 percent of its revenue - has been diversifying into property and hospitality services. Executive Chairman Chew Gek Khim spoke exclusively to Channel NewsAsia. By 2015, Chew Gek Khim hopes Straits Trading will be Asia's answer to Berkshire Hathaway, the...
As the property market reels from the shock of new curbs to cool prices, some market watchers say two groups will stand to benefit the most. They are the mass market condominium developers and Singaporeans who are buying their first private property or upgraders. Meanwhile a check on the showflats on the first weekend after the new property curbs took effect showed mixed scenes. While some showrooms were...
China must maintain its policy stance against property market speculation to drive money back into the real economy or else it faces the risk of home prices rebounding, senior government economists wrote in comments published yesterday in the official People's Daily. A range of government curbs slowed property transactions sharply in October and put a cap on housing price inflation but data released...
Property prices in the territory fell 3.5 per cent in the July to October period, Hong Kong Monetary Authority chief executive Norman Chan said yesterday, a day after authorities said they might ease housing market curbs if necessary. Housing prices are "slowly coming down and ... will continue for a bit and hopefully we will be able to achieve a soft landing ... When the environment trends downwards, we...
A collective sale site at Henry Park located off Holland Road has been sold to Kentish View Pte Ltd, a unit of Far East Organization, for S$175.888 million, making it the largest en bloc deal by value this year. Its marketing agent Credo Real Estate says it has been a closely contested exercise that attracted five submissions for the prime District 10 apartment site. The 999-year leasehold site with a...