Land prices stabilising as they have reached their peak: Analysts The time is ripe for real estate developers to build up their land banks as land prices are stabilising, according to analysts. According to Nomura's latest Singapore property report, the recent tender for the 13,000-sq-m Upper Serangoon View site attracted "very tight" bids. The top bid, put in jointly by Frasers Centrepoint, Far East...
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In the early 1990s, I lived in a bedsit - a bedroom, sitting room and kitchen rolled into one. About 120 sq ft worth of space containing just seven items: A single bed, a two-door wardrobe, a table measuring 1m by 0.5m, a chair, an electric hob with two hotplates, a three-foot tall refrigerator and a sink with some counter-top space that supported the cooker hob. Bathrooms and toilets were in the common...
CapitaLand, Singapore’s biggest developer, said government measures to curb property speculation are “incremental” and will help the real estate market development sustainably over the long term. Singapore raised down payment requirements in August for second mortgages and imposed a stamp duty on homes held for less than three years to curb speculation after prices surged. It will sell 17...
After Aug 30 moves to curb demand, Govt now focusing on increasing supply: Analysts The Government is releasing more land for private residential development in a move that analysts say is targeted at containing froth in the property market. The Ministry of National Development yesterday announced it would place 17 sites on the so-called "Confirmed List" of the Government Land Sales (GLS) programme in...
CapitaLand, Hotel Properties Limited and their partners today unveiled d’Leedon, a residential development along Farrer Road on the site of the former Farrer Court. The landmark project will be the first condominium in Singapore to be designed by internationally-renowned Pritzker Architecture Prize winner Zaha Hadid. d'Leedon is being developed by a CapitaLand-led consortium that includes Hotel...
Enough land to generate 14,300 private residential units has been released in Singapore under the government land sales programme for the first half of 2011. This came as the Monetary Authority of Singapore (MAS) said that more measures may be taken, if necessary, to cool real-estate prices. Analysts said the Singapore government's move is aimed at preserving sanity in the property market by boosting...
The government is releasing more commercial land on the Confirmed List to meet demand for office space. One of the commercial sites is at Robinson Road, which would cater to demand in the CBD. The other site is at Paya Lebar Road, which the government hopes will facilitate the early development of Paya Lebar Central into an attractive commercial hub to complement the CBD. In addition, a commercial site...
The Housing & Development Board (HDB) has awarded the tender for the land parcel at Tampines Avenue 8 to joint bidders Hoi Hup Realty, Sunway Developments and SC Wong Holdings. They submitted the highest tender for the site at S$187.6 million out of a total of 6 bids received. That translates to about S$302 per square foot per plot ratio. The land parcel has a site area of more than 20,000 square...
The National Development Ministry (MND) announced it would place 17 sites on the Confirmed List of the Government Land Sales (GLS) programme for the first half of next year. It said this would ensure a strong supply of private housing to meet demand. These sites can yield about 8,100 residential units. In addition, the Reserve List will have 13 sites, which can together yield about 6,200 residential...
Singapore’s central bank said low borrowing costs and excess liquidity globally may push the island’s property prices higher again, setting back government efforts to cool the market. There is a risk that financial institutions may ease lending standards and extend more loans to make up for narrowing interest margins, the Monetary Authority of Singapore said in its Financial Stability Review today....