A family in Singapore nearly sold their home in Strathmore Avenue for $950,000 - possibly the highest amount fetched for an HDB flat. But the deal did not go through. The buyer could not get a bank loan for the rare penthouse valued at $875,000. The Queenstown flat joins another HDB flat which recently made the news for its equally lofty price. The property - a rooftop maisonette in Bishan Street 24 -...
General
Cosmetics and toiletries are crowd-pullers at Mustafa Centre. That is why, to tackle overcrowding, the popular Little India retailer is planning to shift the sale of these high-volume products to new premises in July. This was revealed to The Sunday Times yesterday by Mr Shamim Ahmad, Mustafa's building maintenance and safety manager. The retailer occupies premises at 145 and 151, Syed Alwi...
WITH both public and private property prices continuing to rise in tandem, developer Simon Cheong's call last week for private property prices to remain unfettered by government intervention seems not only contradictory but perhaps also misguided. Property developers have long had a constructive relationship with the government. Indeed, the reserve list system of the government land sales (GLS) programme...
THE Urban Redevelopment Authority (URA) once presided over dreary carparks and was chastised by some for tearing down buildings at a clip in Singapore's rush to urbanise. Now, it sells urban concepts around the world. EARLY DEVELOPMENTAL CHALLENGE: Physically transform Singapore to support the nation's rapid economic rise and social changes, and optimise scarce land. THEN: The city had slums and...
Good architecture is 'wondrous and fulfils new desires', says Polish-American architect Daniel Libeskind. His first project in Singapore, Reflections at Keppel Bay, meets those criteria. Almost 98 per cent of its 700 released units had been sold as of last month, with prices starting from $2 million. It has a total of 1,129 units. It is not just its location by the waterfront that makes it appealing....
WE REFER to Mr Andrew Williams' letter, 'Land, not money, is the primary problem', on Tuesday. As part of our comprehensive land-use planning process, the Urban Redevelopment Authority (URA) works in close partnership with various government agencies to ensure that sufficient land is set aside for various economic, social and recreational uses. For sports facilities, the URA and the Singapore Sports...
Since last June, the transaction prices of apartments at Amaryllis Ville, along Newton Road, have increasingly crossed the $1,000 psf level. In January, prices at the 311-unit twin-tower condo development came close to the 2007 peak of $1,514 psf, when a 656 sq ft unit was sold for $900,000, or $1,371 psf. Lately, the number of transactions has also started to pick up, with 20 transactions from Jan 1 to...
Price resistance may be setting in as private homes, resale flats register small increases PRICES of private homes as well as public housing resale flats registered smaller quarter-on-quarter increases in the first quarter of this year compared with Q4 last year, government flash estimates show. Market watchers say this could reflect price resistance starting to set in following non-stop increases for...
A NEW lease on life is on the way for the iconic stretch of colonial buildings along Stamford Road. Stamford House, Capitol Building and Capitol Theatre are part of a huge land parcel that will go on sale in two weeks' time, after a property developer agreed to put in a bid of at least $100 million for the commercial site. The bid triggered a public tender for the 1.43ha plot, which is located at the key...
SINGAPORE'S residential property prices kept climbing in the first quarter, but recent frenetic increases in both private and public home prices are showing signs of moderating. Preliminary estimates released by the Housing Board (HDB) yesterday showed resale HDB flat prices rose 2.7 per cent to a fresh record in the first quarter compared to the previous three months. But the rate of increase was slower...