Homebuyers looking for condominiums with good amenities, accessibility and proximity to popular schools and priced under $800,000 are finding them at Regentville, on Hougang Street 92. The 580-unit 99- year leasehold development also fronts the junction of Hougang Avenue 9 and Yio Chu Kang Road. Developed by Far East Organization, Regentville comprises five 15-storey towers of two-bedroom units sized 980...
General
Foreign buyers were out in force last month, snapping up almost one in three new private homes in Singapore. DMG & Partners Research shows that just under 30% of new private residential units were sold in November to foreigners or permanent residents (PRs). This marks an 8-percentage point gain on the 22% seen in October. The growth appears to come from Chinese buyers, who are increasingly making...
Buyers can hold the key to landing an affordable HDB resale flat. After many young couples hit the roof over prices scaling new heights, the government came up with a slew of measures that have since reined in prices. The public and private housing markets were success stories this year as Singapore emerged from the financial crisis. The HDB's annual report for the year ended March showed 39,320 resale...
With no regulator here policing the land-banking business, agents who promote direct investments in real estate have a free rein; the more unscrupulous among them could not only pose a risk to local retail investors' well-being but also dent Singapore's reputation as a financial centre in the region, analysts said. The Monetary Authority of Singapore (MAS) said on its website it doesn't regulate...
Demand for Grade A office space in Singapore will grow next year, pushing rents up by between 15 and 20 percent. Some analysts believe the office segment might do better than the residential property sector next year. Rising employment and the growing financial and services sectors are some of the factors prompting companies to continue expanding their operations next year. Donald Han, Vice Chairman,...
Singapore's public housing has gone green. Treelodge@Punggol is the first public housing project to attain the Building and Construction Authority's (BCA) Green Mark Platinum Award given to energy- and water-efficient buildings. The newly completed eco-precinct Treelodge@Punggol marks a milestone for the Housing & Development Board (HDB). Much of the eco-features are on the rooftop. The 'green' roof...
After setting a scorching pace in the early part of the year, it was widely expected that the housing sales market would lose a lot of its steam towards the year-end. Instead, Urban Redevelopment Authority data released on Wednesday showed developers' sales of private homes hit 1,909 units last month, indicating the market is not limping home but headed for a sprint finish. This will set a new benchmark...
More top-end condominiums in the core central region (CCR) have been changing hands - at higher prices - with each passing month. Yet, deals above $4,000 psf are still rare. Analysts say that this shows the luxury segment still has room for capital appreciation. November saw only one such transaction - a Scotts Square unit which sold for $4,358 psf, according to the Urban Redevelopment Authority (URA). In...
The landed residential sector has been a consistent star performer over the last year or so. It is a sector that has powered on even after the Government exercised round after round of property market cooling measures. The optimism was also evident in the keen interest from developers in the recent government-released landed housing plots for Phase 3 of Sembawang Greenvale. Within this premium landed...
The term "shoebox" apartment is generally defined as a studio or a one-bedroom apartment that has less than 500 sq ft of strata area. The area includes, say, about 15 per cent allocated to balconies, planters, bay windows, aircon ledges and, in some cases, even bomb shelters. Therefore a 380-sq-ft one-bedroom unit might have a real usable space of about 330 sq ft in the living/dining room, kitchen and...