Located right at the fringe of the city, Spottiswoode Residences, is within close proximity to the Central Business District and two Integrated Resorts, where a myriad of amenities and entertainment can be found. Set in the serene and tranquil of Spottiswoode Park, it certainly appeal to all with its contemporary architecture design and panoramic views of both the city skyline and sublime sea. Comprising...
General
Cardiff Court, a huge D-19 site located near Lorong Chuan and Serangoon MRT station, will be launched for collective sale on Tuesday. The property is expected to fetch around S$25 million. This works out to owners getting between S$700,000 and S$1.45 million, depending on the size of their unit. The 43,490.9 square feet site has 72 years of its lease left, and is zoned for Residential use. The site has...
Sibor, commonly used by Singapore banks to peg their variable home loan rates, hits its lowest in 23 years Record-low interest rates could re-ignite the price war for a piece of the home loan pie, industry observers said. The benchmark Singapore interbank offered rate for three-month Singapore-denominated loans (Sibor) was at 0.44 per cent on Friday - its lowest in 23 years, according to Bloomberg...
Person who gives up citizenship, PR may not want to sever all links with Singapore By and large, the recent additional measures being proposed by the Government to prevent a property market bubble appear well thought through and should therefore be well received. For instance, I am in favour of the seven-day cooling-off period for the sellers of Housing and Development Board flats to grant an...
Analysts expect Singapore's three big banks to report weaker earnings for the third quarter of this year, due to an all-time low Singapore Interbank Offered Rate or Sibor. As of last Friday, Sibor stands at 0.44 per cent or 44 basis points - it's lowest in 23 years. As interest from interbank loans is pegged to Sibor, analysts said banks may see lower net interest incomes in their latest financial...
The strong Sing dollar and rising property prices in Singapore have prompted Singaporeans to consider investing in properties overseas. More than 6,000 visitors turned up at an exhibition on overseas properties on Saturday, the first day of the two-day event. More than 150 properties worldwide are being put up for sale at the exhibition at Marina Bay Sands. Among the properties is The Elements@Ampang in...
Two architects from a Singapore-based company have won a biennial regional award for their creative designs. Wong Mun Summ and Richard Hassell from WOHA Architects clinched the SIA-Getz Architecture Prize. It is presented by the Singapore Institute of Architecture (SIA) and supported by The Getz Group, a marketing and services company that also supplies building materials. It is the second time a...
A couple months after the introduction of property cooling measures, property experts feel that Singapore private home prices are likely to be fairly flat until the end of the year. Mr Mohamed Ismail, chief executive PropNex, expects the Urban Redevelopment Authority's price index to reach a plateau in the current fourth quarter, with another 2 per cent growth at most. Reason given is because buyers are...
Recent price increases of relatively scarce landed homes have outstripped gains for non-landed homes, leading to talk of an increasingly segmented market. According to the Urban Redevelopment Authority's third quarter price index released, overall private home prices rose 2.9 per cent in the three months to Sept 30 - below the preliminary estimate of 3.1 per cent. The market was buoyed by landed home...
Completed early last year, the RiverGate development in the Robertson Quay area, where some units enjoy spectacular views of the Singapore River, has seen transaction prices scale $2,000 psf since July. However, they are nowhere near the record high of $2,701 psf achieved in May 2007, when a 3,143 sq ft unit was sold for $8.49 million. When the project was launched in early 2005, average prices were only...