HDB has launched two new Build-To-Order projects, Boon Lay Fields in Jurong West and Compassvale Ancilla in Sengkang. A total of 1,527 new flats are being offered. Prices at Compassvale Ancilla range from S$77,000 for a studio apartment to S$444,000 for a five-room flat. Flats at Boon Lay Fields sell for between S$168,000 for a three-room unit and S$391,000 for a five-room flat. The application period...
General
The Urban Redevelopment Authority (URA) on Thursday released the detailed sales conditions for an industrial site located at Woodlands Avenue 12. It has a site area of about 1.9 hectares and a maximum permissible gross plot ratio of 2.5 with a lease period of 60 years. Zoned for Business 1 development, the site can be developed for various uses such as light industry, clean industry, utilities, or...
The number of foreigners buying resale executive condominiums (ECs) is increasing, pushing prices up to record levels. According to research and consultancy firm Savills, foreigners, including permanent residents (PRs), accounted for 33 percent of the resale transactions recorded last year. It said that 321 ECs were acquired by foreigners last year, with Indian nationals making up the biggest share,...
The central Chinese government has sent eight “special” teams to evaluate the effects of the real estate tightening measures implemented across the country, in a move to prevent a housing bubble from creating social unrest. “The key point (of the move) is probably to reiterate that the government is serious about property controls and will work firmly to stabilise property prices,” according to an...
The Singapore office property market continued on the path of strong recovery in the first quarter of this year, according to property consultancy firm Colliers International in its latest study. It said growth was underpinned by rising business confidence that spilled over from the country's strong economic performance in 2010. Average monthly gross rents of Grade A office space in the Raffles Place and...
The Scotts Tower is a 31-storey, 231-unit development consisting of 1 to 3-bedroom apartments and 4-bedroom penthouses; expansive landscaped gardens, sky terraces, penthouse roof gardens and diverse recreational facilities. The concept of The Scotts Tower is that of a vertical city incorporating a variety of residence types and scales. In addition, outdoor green areas in the form of sky terraces,...
When he took office in 1959, then-Prime Minister Lee Kuan Yew noted homes in fast-growing Asian cities comprised of small rooms which came with high rentals. "Therefore, they decorated their cars as if they were their homes. But these additions have no lasting value," he said. With that in mind, Mr Lee and the Government embarked on making Singapore a home-owning society and home ownership a fundamental...
It's all about location for property developers who are on the lookout for quality land parcels. Recent land tenders of government land sites close to MRT stations or regional centres have seen bids as high as S$550 million or S$869 per sq ft per plot ratio. Market watchers say competition among developers for such sites will heat up, now that developers are churning out projects at a much faster...
A seven-storey office building at 22 Martin Road, formerly known as the AIG Building, has been put up for sale by expression of interest. The property sits on a freehold land of about 11,473 square feet, says its marketing agent Colliers International. The 10-year old development has a gross floor area of 34,556 square feet and a net lettable area of 31,603 square feet. It comprises retail space on the...
The Housing and Development Board (HDB) has received six bids for the land parcel proposed for executive condominium (EC) housing at Choa Chu Kang Drive. The 49,250 square metre site was launched for sale on January 21 and closed at noon on Tuesday. The highest bid came from Camborne Developments at S$170.1 million, followed by a joint bid of S$159 million by FCL Tampines Court and Keong Hong...