Developer Keppel Land sold around 70 units of The Lakefront Residences over the weekend, bringing total sales since Friday's preview to 320 units. The 320 units, which represent 80 per cent of 400 units currently up for sale, were sold at an average price of $1,020 psf. The average price is a new record for the location. The project is next to Lakeside MRT station and near Jurong Lake, with unit sizes...
General
Now that the recent measures introduced by the Government to curb property speculation are finally beginning to bite, property developers here should start taking a more pro-active role in attracting foreign buyers. Sales of new residential developments appear to be slowing down, while response to government land sales are expected to be tepid. For instance, the highest price for a 220,000 sq ft site in...
Minister Mentor Lee Kuan Yew has advised HDB flat owners not to sell their flats since their value appreciates year after year. Speaking at the annual Tree Planting Day in Tanjong Pagar GRC, Mr. Lee said: “I urge you not to listen to the estate agents and sell it, and go and rent a flat because that's a stupid thing to do.” “You sell it, you may not get a rental flat for a long time. And you cannot...
Foreign investors are streaming into the local office market, attracted by the prospect of increasing values and returns that might be sweetened by a stronger Singdollar. Investors - many from China - are keen on high-quality strata-titled offices, which allow them to buy, say, one office storey rather than a far more expensive entire building. The office segment has turned a corner since the financial...
After all these years, condominiums along Bayshore Road off the East Coast Park Expressway (ECP) in District 16 continue to be sought after by homebuyers and investors. “There is robust demand for properties in this area, the biggest draw being their proximity to East Coast beach and park,” says Huttons senior marketing associate Mervin Tan, who specialises in marketing the properties in the...
As property sales slow, developers and real estate agents are trying to up buying interest with carrots including cash vouchers, lucky draws and even holidays. For example, developer Wing Tai Holdings is holding a promotion at its Ascentia Sky project in Alexandra View. Buyers who purchase the two-, three- or four-bedroom units will receive up to four airline tickets for a winter ski trip to Hokkaido in...
The Housing and Development Board (HDB) has raised a record S$2.38 million to help the less fortunate. The sum was collected over two years through various charity projects - with the biggest amount of S$830,000 raised at its Charity Dinner at the Ritz Carlton on Saturday evening. The HDB Charity dinner received S$830,000 while the HDB Charity Golf graced by Senior Minister Goh Chok Tong on July 18...
Keppel Land held a special preview on Friday for The Lakefront Residences - its residential development located in the Jurong Lake District. The move was met with strong enquiries from local homebuyers and investors, including residents and foreigners from China and Malaysia, the company said. The property received positive take-up of about 250 units at an average price of approximately S$1,020 per...
National water agency PUB is investing S$37.8 million to make improvements to the Geylang River under the Active, Beautiful, Clean (ABC) Waters programme. PUB said this would benefit residents in the Dunman Road and Guillemard Road areas. The river would feature architectural and landscaping designs, in line with the theme of "delighting in simple pleasures". PUB said the design elements would be...
The Housing and Development Board (HDB) has awarded the land parcel at Upper Serangoon View to joint bidders FCL Topaz, Far East Civil Engineering and Sekisui House for S$156.8 million. Their bid was the highest of the four bids received at the close of the tender on November 9. The land parcel, which is meant for condominium housing development, has a site area of 13,000 square metres and a maximum...