DTZ report shows mainland Chinese buyers closing in on Indonesians MORE private home buyers are paying more than $1 million apiece for a property as prices climbed in the past year, a new report from DTZ shows. The consultancy's Q2 2010 residential report also said that the share of transactions involving purchasers with HDB addresses has stabilised at around the 34-36 per cent mark in the last three...
General
They form biggest group of foreign purchasers there this year; many snap up landed homes BUYERS from China now comprise the largest group of foreign buyers in the exclusive residential enclave of Sentosa Cove. In the first half of this year, Chinese buyers accounted for nearly a third of all foreign buyers - well up from 18 per cent for all of last year and just 7 per cent in 2008, according to a new DTZ...
Developers wary of looming market uncertainties: Wing Tai boss DEVELOPERS are fast-tracking mass market properties in order to take profits sooner rather than later, a leading local developer said yesterday. These firms fear looming property market uncertainty, said Wing Tai Holdings chairman Cheng Wai Keung. With government cooling measures taking hold, developers believe it is better to take a bet on...
MORE than 80 per cent of the 144 residential units in Oxley Holdings' Viva Vista were snapped up during the project's preview yesterday - indicating that there is still strong demand for small, or shoebox, apartments. The sizes of the units in the project along South Buona Vista Road range from 323 sq ft to 1,076 sq ft, with the bulk being just shy of 400 sq ft. Oxley Holdings said that the average...
A 16-unit walk-up apartment block in Pasir Panjang has been put up for collective sale for between $26 million and $30 million in the latest addition to the en bloc revival. The freehold site, at 252 to 258 Pasir Panjang Road, is near the future Haw Par Villa MRT Station and covers 28,263 square feet. Under the Urban Redevelopment Authority's 2008 Master Plan, it is zoned for residential development with...
The hot housing market has boosted the annual earnings of property developer Wing Tai Holdings. Its net profit for the financial year ended June, soared seven-fold to S$160.8 million from S$21.0 million in the previous year. Its fourth quarter net profit came in at S$68.9 million compared to a loss of S$53.8 million a year ago. Wing Tai's property sales were the main drivers of its increased annual...
Property consultant DTZ said buying sentiment in Singapore's private residential market cooled in the second quarter due to the global uncertainty. Market activity slowed in May and June due to a combination of the European debt woes, local stock market jitters and increased land supply. DTZ said primary sales in the second quarter fell by 8 percent to 4,033 units, as developers slowed the pace of...
Existing condominiums located in neighbourhoods undergoing renewal and at the edge of the city are becoming increasingly popular with both investors and owneroccupiers. This can be seen from recent transactions at the 295-unit Parc Emily, located at the corner of Mount Emily and Niven Roads, which was developed by City Developments Ltd (CDL) and completed in 2008. Three transactions were recorded from July...
Plans to woo shoppers back, correct impression that area is best avoided due to events held there BUSINESSES in the Suntec City area are languishing, even as shoppers nurse the impression that the area is now best avoided. Shoppers think that, with the area being a mega-event hub, it is where road closures, traffic diversions and parking problems are. Suntec Reit, the owner and manager of Suntec City...
The percentage of mortgagors falling behind in their repayments in Singapore has halved over the last two years. Releasing the data on Monday, DP Credit Bureau (DPCB) said the average default rate fell to 0.43 per cent in March this year compared to 0.89 per cent in March 2008. This means that in 2008 one in every 112 mortgagors was in default on their repayments, and this figure dropped to just one in...