250 out of 300 units taken up at NV Residences' preview With the ghosts month ended, property buyers are coming back. But the end of the Hungry Ghost Festival isn't the only reason that there was an uptick in buying activity over the weekend. A new major launch helped, along with home seekers given more time to think over the new measures. Most of the deals were concentrated on NV Residences in Pasir...
General
Increase in transactions of small units keeping prices above $1,000 psf Small unit size is not only the new popular; it's also what has skewed per square foot (psf) prices upwards in recent time. The median price quantum of developer sales has dropped from about $1.4 million in April this year to $1.2 million in May and June and $1.1 million in July - but median psf prices have hovered above $1,000 psf...
Buyers waiting for prices to drop, but developers hold steady IT IS fewer visitors and even fewer sales for property showflats across the island as buyers play a waiting game in the hope of seeing prices fall. But developers' asking prices at most showflats are holding steady, with one - NV Residences in Pasir Ris - even increasing prices over the weekend. Two weeks after measures to cool the market...
IF YOU'RE a private-property owner, have no intention of owning an HDB flat, are sufficiently cash-rich and still interested in purchasing property, you might want to consider the real-estate market overseas. Be it for investment, or as a holiday or retirement home, an overseas property can be highly attractive, especially in markets where properties in general are cheaper than those in Singapore. But...
IN THE last decade, an increasing number of Singaporeans have turned to real estate overseas as they become more affluent and globalised. Here's a look at two neighbouring residential property markets which have traditionally captured Singaporeans' keen interest, according to a July report by realestate group Debenham Tie Leung (DTZ) . KUALA LUMPUR The residential sector continued to experience a...
The Formula One (F1) night race in Singapore is less than two weeks away and hotels in the Marina Bay area are filling up fast, with some predicting a full house over the race weekend. Most of the fencing has gone up in the downtown circuit area, as organisers and businesses gear up for yet another weekend of high-speed action. With the newly-opened Marina Bay Sands integrated resort and Fullerton Bay...
With stricter property rules and property prices still buoyant, some Singaporeans and Malaysians are looking to invest in property in Johor. "These are Singaporeans with existing homes - they are not affected by recent cooling measures," said Neo Keng Hoe, who heads the Singapore office of Malaysian property developer S P Setia International. "They are looking to invest in the Iskandar Region because of...
Retail rents for underground malls in the city could rise by between 20 and 40 per cent in the years ahead, as the Government roll out plans to improve the rail network, according to some analysts. With the Land Transport Authority set to spend $60 billion over the next decade on initiatives to ease passenger congestion, market watchers said the move could also direct more traffic to underground...
Two new boutique hotels are coming up. The 40-room Santa Grand Hotel Chinatown, located on the third floor of a shophouse at 20 Trengganu Street, had its soft opening just last month. 'We just started, so the occupancy rate right now is about 40 per cent,' said Alan Lim, general manager of the Santa Grand group of hotels. 'We anticipate that through September, a big month for Singapore tourism with the...
The Singapore Green Building Council estimates that at least 6,500 buildings here need to be retrofitted over the next 20 years. This will enable Singapore to reach its target of "greening" at least 80 per cent of its buildings by 2030. Several green ideas are being exhibited at the third Build Eco Xpo, a three-day event that focuses on green practices in building, design and technology. The event is...