The Marina Bay will be a key platform and catalyst for Singapore's future growth. Speaking at the official opening of the waterfront promenade at Marina Bay on Sunday, Prime Minister Lee Hsien Loong said Marina Bay will boost Singapore's position as a financial hub for Asia. Mr Lee said the new Marina Bay will define Singapore in the same way the Bund defines Shanghai. He said: "The private sector has...
General
Non-traditional prime areas have emerged as the property boom spreads to the suburbs For years, Districts 9, 10 and 11 - covering Orchard, Holland, Newton and Bukit Timah - have been the must-have residential areas in Singapore. But as the recent property boom spreads to the suburbs, a number of newly popular districts have emerged outside these traditional prime areas. Developers with a keen eye...
Prices now start from a higher base and attractive prime sites have already been sold Last Wednesday, a relatively small property, Melrose Court, off Balestier Road, was launched for collective sale. Owners of the 32 freehold units there are asking for $48 million, and hoping to reap between $1.23 million and $2.46 million each. Marketing agent Colliers International said the 'en bloc' premium each...
Sale proceedings may have begun at up to 80 developments, with many more to follow They were a feature of the last boom but fast fell out of favour when markets went south, yet there are signs that another collective sale rush is in the making. There have been at least 16 collective sales this year, not counting many smaller ones that may have gone unreported. This is in stark contrast to last year,...
Sales picking up after quiet June with World Cup, school holidays SALES have stayed fairly hot at a new condominium in Bukit Timah with 114 flats in the 172-unit estate now sold in just over a week, including 24 of the 30 pricey penthouses. Ten apartments were snapped up at the official launch of the Terrene yesterday following the 104 that have been sold since a private preview started on July 8, UOL...
iLiv@Grange - a 20,325 sqft development nestled in the distinguished Grange Road neighbourhood, just mere minutes away from Orchard Road. Singapore's first designer residences with landscapes and interiors by 'yoo Inspired by Starck' - iLiv@Grange will turn urban living into an opulent art. A luxury-end project, it boasts the design of yoo inspired by Starck for its apartments and Italy's Mercurio...
More developers are engaging world-class architects as buyers get more sophisticated It is hard to miss the striking high-rise residential projects in central Singapore, some designed by internationally renowned architects. In recent years, these internationally acclaimed names include German Ole Scheeren - who was behind The Interlace in the Alexandra Road area - and American Daniel Libeskind, who...
Trends in other cities show demand for luxury apartments in S'pore may grow yet Singapore has long been seen as a safe investment haven - and foreigners are responding by snapping up property across the island. About 23,000 non-landed private homes have been bought by foreigners since 2007 - of which about 35 per cent are high-end homes in districts 1, 2, 4, 9, 10 and 11 - based on the Urban...
Buying a home is one of the biggest purchases you will make in your lifetime, so it's important to do your homework before you apply for that loan. Prepare in advance You must pay at least 1 per cent of the purchase price in exchange for an option to purchase. After that, you have 14 days to decide whether to proceed with the deal and pay the balance of 9 per cent for a completed property or 4 per cent...
This after a breather for home sales in lazy June Students were not the only ones taking a break during the mid-year school holidays. Home seekers also slowed their pace, buying just 847 private homes from developers in June. This is the smallest number of new sales in a month since the start of the year. It is 22 per cent lower than the 1,083 units sold in May, and 62 per cent below April's 2,208...