Sim Lian Group has released a confirmed price range for its Design Build and Sell Scheme (DBSS) flats Centrale 8. The listed firm said in an announcement filed with the Singapore Exchange that its previously announced price range was only indicative. Confirmed prices for three-room flats range from S$389,000 to S$445,000, while four-room flat prices range from S$511,000 to S$592,000. Five-room flats will...
General
The Urban Redevelopment Authority (URA) on Tuesday launched two residential sites for sale by public tender which can potentially yield about 410 housing units. The land parcels at Upper Serangoon Road / Pheng Geck Avenue and Serangoon Garden Way were launched under the Confirmed List of of the Government Land Sales Programme for the first half of this year. The Housing & Development Board (HDB) will...
Global credit rating agency Moody’s Investors Service has maintained its stable forecast on Singapore Real Estate Investment Trusts (S-REITs) over the next 12 to 18 months, on expectations of loose credit conditions and increasing rents. Alvin Tan, an analyst at Moody's, said in a report that most rated S-REITs carry investment-grade ratings which “reflect issuers' relatively stable operating incomes,...
The combination of cautious buyers and a lack of large new launches continued to put a dampener on new home sales over the past week. Far East Organization sold 63 units from its properties - excluding Eight Courtyards - with Woodhaven being the top seller with 46 units snapped up. The 337-unit development has now shifted 125 homes at an average price of $931 per sq ft (psf) since its private...
ong Kong is facing a bubble and the government is ready to introduce drastic measures if necessary, Financial Secretary John Tsang said yesterday, as residential prices in the Chinese territory have surged to record highs. "Hong Kong's housing sector is unusually strong because of loose monetary policy in advanced markets such as Europe and the United States, ample liquidity, super-low interest rates and...
A unit of Singapore-listed Top Global Limited has acquired the 45-unit Braddell Park apartment at Jalan Lateh for S$85 million (around S$665 psf ppr). Located off Braddell Road and Upper Serangoon Road, the apartment complex sits on a 91,360 sq ft freehold land site and is zoned for residential use under the 2008 Master Plan. It has a plot ratio of 1.4 and an allowable height of up to five storeys. Credo...
Actor Jackie Chan, who owns various properties in Singapore, has made S$3.7 million after selling The 50s entertainment complex in Tanjong Pagar. According to a report from The Straits Times, Chan sold the building in April for S$12.5 million to a Singaporean friend who runs an investment company. Having invested some S$8.8 million in the property in 1996, Chan made a profit of S$3.7 million from the...
Brookvale Park, a four-storey condominium nestled in the Sunset Way estate, has been put up for sale by public tender. Marketing agent CB Richard Ellis (CBRE) said the 999-year residential site has a land area of 373,000 square feet and a permissible building height of up to 12 storeys. It is located close to amenities and is a short drive to education institutions like Ngee Ann Polytechnic and the...
The 969-unit Caribbean at Keppel Bay is enjoying renewed interest among homebuyers, buoyed by strong visitorship to Sentosa Island with the opening of the Resorts World at Sentosa integrated resort, and growing anticipation of improved connectivity when the Circle Line MRT route is completed at year-end. Caribbean at Keppel Bay (developed by Keppel Land) saw four transactions on May 16 to 24, with prices...
National Development Minister Khaw Boon Wan says he is considering moving away from the current practice of monthly launches of Build-To-Order HDB flats and explore ways to have larger combined launches. In the latest entry on his blog, Mr Khaw said he has been advised to do larger launches. Mr Khaw thinks this is sound advice. He said larger launches offer buyers a wider range of choices and reduce the...