City Developments says its first residential launch for the year, H2O Residences, has met with a good response from home buyers with 75 per cent of the units launched over the weekend sold. Some 200 out of the 521 units in the nature-inspired development were launched over the private preview weekend. A total of 150 units were sold at the the 99-year development. CDL says the units were priced at an...
General
Singapore and Hong Kong have topped the global house price index, as home values in both countries recorded the highest increase. Based on The Economist’s latest quarterly global house price index, home prices in Hong Kong climbed 20.1 percent in Q4 2010, while house prices in Singapore rose 17.6 percent. Home values increased 6.4 percent in China, 5.8 percent in Australia and dropped 3.6 percent in...
Jones Lang LaSalle has put up what it calls "the largest en bloc site" for sale by tender. Pine Grove has a site area of around 893,000 square feet and is zoned for "residential" use. Jones Lang did not provide an indicative price for the site but Channel NewsAsia reported in November last year that the site has an estimated reserve price of S$1.7 billion. The property consultancy firm said the site has...
There was a lull during the Chinese New Year festivities, and some developers decided to close their show flats during the holiday. Yet, in the secondary market, the 16-yearold Chiltern Park condominium on Serangoon Avenue 3 saw brisk sales towards end-January and early February. Located just a five-minute walk from the Lorong Chuan MRT station, the 500-unit Chiltern Park saw interest pick up pace last...
Muscat Street in the Kampong Glam area will get a S$5.3 million facelift; with upgrading work scheduled to begin in November and expected to finish by end 2012. The Muscat Street area will be rejuvenated to increase its attractiveness and add to its distinctive ethnic character. Visitors can look forward to Omani murals and mosaic artwork lining the new sidewalks leading to Arab Street. The pedestrian...
THE 10,000-strong Faith Community Baptist Church (FCBC) will hold its last worship service at the Singapore Expo tomorrow, the final day of its lease, to stay within new Urban Redevelopment Authority (URA) guidelines. Issued last July, the rules restrict the use of commercial property for religious purposes to 10,000 sq m. This cap was exceeded by FCBC, which has since 2005 used the Expo's 7,000-seat Hall...
There was a record number of mainland Chinese home buyers in the last quarter of 2010, according to data from the Urban Redevelopment Authority (URA). With more drastic cooling measures implemented by the Chinese government, analysts say more Chinese will put their money in Singapore property. SINGAPORE: Mainland Chinese buyers are now the second largest group of foreigners who buy homes in Singapore,...
The new general hospital that has been planned in Sengkang to serve residents in northeastern Singapore will be ready by 2020 and will come with adjoining community hospital facilities. Health Minister Khaw Boon Wan gave details about the planned development during his ministry's Committee of Supply debate in Parliament on Friday. Mr Khaw also revealed that the upcoming Jurong General Hospital (JGH) will...
There could be a decline in home prices and rents after the release of a large supply of new homes in the market in 2013 and 2014, warn analysts. According to recent Urban Redevelopment Authority (URA) data, about 17,111 new homes are expected to be completed in 2013 and 17,421 in 2014, including homes under construction or already with planning approvals. “These figures are considerably more than the...
The Ministry of National Development (MND) announced on Thursday that it has signed the Heads of Terms Agreement to take up a 30-year lease for 29,300 square metres of office space in the Lend Lease's white site development at the Jurong Gateway. This marks the first time a government agency is committing to a long-term lease with a private developer in its development project. MND announced last year...