A knee-jerk reaction to the latest round of property cooling measures is expected to hit banks and developers but industry players believe that normal service will resume. For now though, banks here are likely to see a dip in new housing loan applications, while developers may postpone new launches. Commenting on the latest measures, the Real Estate Developers' Association of Singapore (REDAS) said it...
General
In a changed market, there is little, if anything, to be excited about Several articles have been published in the media and by property analysts in recent months about the frenzy surrounding enbloc deals and the increasing values of these collective sales. Some of these are really bullish about the potential for such transactions this year. I cannot see where the excitement is because I understand the...
Executive condominiums continue to see strong demand from home buyers who have been shut out of the public housing market until recently. Austville Residences in Sengkang, the latest development for sale and the fourth EC to have been launched after a five-year hiatus, had a queue of some 150 home buyers and their families forming even before doors opened for booking yesterday morning. One reason: A...
In a Sunday feature article entitled "History-making year ahead", eight events and issues were highlighted by the writer which are expected to loom large in 2011. Seventh on the list was how to cool the property market without crashing it. Last year, private housing prices eclipsed the previous 1996 peak, while the cash-over-valuation (COV) levels for public flats reached historic highs even as the...
Tong Eng Brothers will have a private preview of its latest property Poets Villas this weekend at 162, Tagore Avenue. The 40-unit development features four- and five-storey strata semi-detached houses, within a verdant 2-acre estate. Prices are from $2.1 million to $2.3 million for the units that typically range from 3,250 to 3,700 sq ft. Buyers can choose from six-bedroom houses with a private lift, or...
Only hours before the Government announced its latest round of cooling measures for the property market, buyers had snapped up all the units available at the Loft@Holland, Oxley Holdings' latest "shoebox'' residential project. The property developer said all its 41 units were sold within two hours at its soft launch yesterday. Demand was so strong that all, but two units, in the development needed...
Parent company, however, quietly changes name to Beach Road Hotel He had initially thought Singapore's grand dame Raffles Hotel was to be renamed Beach Road Hotel, after reading a memo last month from the hotel to its tenants. Tenants were told to address their cheques to Beach Road Hotel (1886) Ltd instead of Raffles Hotel (1886) Ltd. As the letter "wasn't very clear", the employee checked with the...
The falling British pound has made London and other properties in the United Kingdom a bargain for Asian buyers, and its little wonder then that property agents are beating a path here to sell real estate. International property consultants Savills yesterday offered 52 units of one of London's most iconic apartment buildings, Strata SE1, to potential buyers here for an average of £781 ($1,580) per sq ft,...
Malaysia's residential market continues to see active new launches and previews of high-end condominiums in the established neighbourhoods of Kuala Lumpur City Centre, Jalan Ampang and U Thant, DTZ Research said in a report. Despite the year-end, the market for new launches of prime condominiums remained active, with developers focusing on smaller units. Encouraging take-up rates were noted in the few new...
The Real Estate Developers' Association of Singapore (REDAS) has said the latest measures taken by the government to further cool the residential property market will discourage speculative demand. It said in a statement that the measures which impact Seller's Stamp Duty (SSD) and Loan-To-Value limits on housing loans will also encourage longer term holding of properties, which will contribute to the...