POSH property seems to be back in vogue, with one recent launch snapped up and new high-end developments slated for previews in the coming days. Home-hunters showed keen interest in Keppel Land's Reflections at Keppel Bay over the weekend, and projects in Sentosa, Nathan Road and Shenton Way are also apparently generating interest. But while prices are robust and tipped to move up, they are still below...
General
Singapore set to emerge as premier gateway city in region, say JUNE CHUA and CHRISTINE SUN ONE year into the global financial crisis that almost brought all major economies to their knees, Asia staged an impressive rebound at the end of 2009 with an ensemble of massive government stimulus packages. Despite lingering doubts about the debt-laden European economies, Asia is expected to continue its strong...
The market is likely to chalk up more than $200 million worth of transactions this year, says GRACE NG IT was a stellar year for auctions last year despite the unfavourable market conditions. About $168.4 million worth of properties were sold at auctions in 2009, doubling the $83.67 million done in 2008. The residential sector was the star performer, chalking up $88.4 million worth of transactions, or...
Redas chief says state intervention on supply side not always helpful The president of the Real Estate Developers' Association of Singapore (Redas), Simon Cheong, came out strongly yesterday to say the government should allow the property market here to operate fully as a free market. Mr Cheong, who was speaking at the launch of a new price index for private homes in Singapore, also asked if the state...
Emil Chau also buys one as showbiz stars dip into S'pore property market Hong Kong movie superstar Jackie Chan and his good friend singer/songwriter Emil Chau, who were in town recently for last Sunday's Thong Chai Charity Night, also picked up some properties in Singapore. The duo bought four apartments at Lippo Group's freehold Centennia Suites worth over $10 million last week. The four units are on...
EUGENE LIM reckons the current huge base of upgraders, downgraders and PRs is likely to grow and prop up demand for resale HDB flats THE HDB resale market has been sizzling of late. In fact, prices have hit their highest level since 1990 when the Housing & Development Board started tracking resale HDB flat prices through its quarterly resale price index. Prices of resale HDB flats rose 3.9 per cent...
HDB offers a range of lifestyle options for the majority of the population. ADAM TAN explores the new public housing landscape IF the Resale Price Index (RPI) released by the Housing & Development Board (HDB) is anything to go by, public housing in Singapore is gaining popularity by the day. Quarterly results have recorded just four dips in over five years, with the RPI growing a modest 3.2 per cent...
Space planning is paramount, Axis ID boss William Ong tells KALPANA RASHIWALA 'A LOT of people don't understand that you can still make a small apartment feel comfortable if you do not put in the wrong things. Space planning to me is the most important part of interior design; it is not about decoration first,' says William Ong, executive chairman of Axis ID. Micro apartments and shoebox units have...
Contractor putting centre under receivership SINGAPORE'S largest data centre, owned by listed Japan Land, is at risk of being liquidated as its main contractor is putting the centre under receivership over delayed progress payments. Jurong Data Centre Development (JDD) is unable to repay the debts mainly because a plan to bring in an investor has hit a snag. ConnectedPlanet Holding, which agreed last...
WATERFRONT apartments at Reflections at Keppel Bay are riding high on the property wave, with 710 of the 740 units launched at the 99-year leasehold project already sold. At the latest launch at the weekend, 29 of 30 units released in tower block 2B - touted as the block with the best view - were bought. The average selling price of these units - two to four-bedroom apartments, one penthouse and a 13,300...