Only one subsale so far this year has resulted in a loss - of $167,000 Increases in property prices on Sentosa Cove, especially since the start of this year, have buoyed gains from subsale deals in the location. The average gain per unit from subsales of condos in the upscale waterfront housing district from January to April this year has almost doubled to about $1.4 million from about $762,000 in Q1...
General
Location: Leonie Hill Road (District 9) Tenure: 99 years leasehold Year of Completion: 2015 Site Area: 130,981 sqft Total Units: 462 Unit Types: 1 bedroom ~ 549 - 571 sqft 2 bedroom ~ 1055 sqft 3 bedroom ~ 1399 - 1895 sqft Facilities: - 35m Lap Pool - Pavilion Garden with Cabanas - Children’s pool - Steam rooms - Jacuzzi/Spa Pool - Laundry Rooms - Library/Lounge - Sky Gyms - Sky Loggias -...
The property development arm of Singapore's labour movement, NTUC Choice Homes, has been closely watching the release of land parcels. But it has no confirmed development plans right now. Speaking at a news conference on NTUC's social enterprises, NTUC Choice Homes CEO, Margaret Goh noted that the release of land parcels for housing has been quite intense. NTUC Choice Homes, which has been involved in...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Boon Lay Way and Lakeside Drive to Keppel Land Mayfair. The company submitted the highest tender for the site at S$302.9 million, or about S$5,370 per square metre, per gross floor area. In a statement, developer Keppel Land says it plans to develop about 550 homes of sizes ranging from 500 square feet to 1,400...
The Ministry of National Development (MND) plans to set up a new statutory board to raise the professionalism of the real estate agency industry and to better safeguard consumer interest. The proposed statutory board - the Council for Estate Agencies or CEA - will implement a new framework to regulate the industry. This through the enhanced licensing of estate agencies, registration of estate agents, new...
A new statutory group will be set up, and new regulations for the industry put in place to raise the professionalism of the real estate agency industry. The Council for Estate Agencies (CEA) under the Ministry of National Development (MND) will replace the Inland Revenue Authority of Singapore's (IRAS') as the licensing authority for real estate agencies. MND will introduce a Bill in Parliament in the...
HDB has launched two new Build-To-Order (BTO) projects. Some 1,050 units will be offered at Boon Lay Grove in Jurong West and Floral Spring @ Yishun. The majority of the flats are four and five-room units. HDB said 95 per cent of the four and five-room units will be set aside for first time buyers. Four-room units at Boon Lay Grove are being sold at between S$239,000 and S$287,000 each. Five-room units...
A subsidiary of WBL Corporation, or Wearnes, has entered into a joint venture agreement with China firm Suzhou Industrial Park Genway Development, or Genway. In the deal, Wearnes subsidiary Shenyang Huaxin International Realty Co will acquire a 78 per cent stake in Suzhou Industrial Park Jian Wu Heng Ye Property Development for RMB400 million. The remaining 22 per cent will be held by Genway, a...
The Housing & Development Board (HDB) is launching two residential sites for sale by public tender. The sites in Punggol and Yishun will yield some 1,215 units. The Reserve List sites were successfully triggered for public tender two weeks ago. The Punggol site is designated for Executive Condominium housing development, while the site in Yishun is for condominium housing. These sites are just two...
The Sino-Singapore Tianjin Eco-City Investment and Development company has signed three more industrial land deals involving more than S$202.7 million (1 billion yuan) in investments. The company also announced strategic collaborations with three leading companies in the eco technology field which would help Tianjin Eco City to achieve its targets and lay the foundation for further economic development...