Property developer CapitaLand said on Wednesday its high-end development, Urban Suites, saw good results in its recent preview sales. Under the first phase of the sale launched before Christmas, 60 of the 165 units were released to buyers who were prepared to purchase more than one unit. CapitaLand said all 60 units were sold at prices ranging from S$2,400 to S$2,700 per square foot. It plans to launch...
General
The first government land sales tender has been launched for this year. It is a commercial and residential site at the junction of Woodlands Road and Choa Chua Kang Road, and analysts expect the bidding to be strong. If a developer succeeds in buying the land, the Ten Mile Junction shopping mall, which currently sits on the site, will be transformed into a commercial and residential development, and...
One of Singapore's integrated resorts, Resorts World Sentosa, will begin opening its doors in phases from January 20. The resort said its four hotels - Crockfords Tower, Hotel Michael, Festive Hotel and Hard Rock Hotel Singapore - will be opened on that day. Resorts World Sentosa began operations at two of its four hotels on Tuesday, and employees and their families were the resort's main guests before...
As housing prices in Singapore continue to climb, the Government has announced a slew of measures to raise supply. These measures include Housing and Development Board's (HDB's) latest Build-To-Order (BTO) exercise, with 1,291 new flats launched in two locations on Tuesday. Located in Choa Chu Kang and Hougang, the majority of the new units offered in HDB's latest BTO exercise are studio apartments and...
A pair of new Build-to-Order (BTO) projects have been launched by the HDB in Choa Chu Kang and Hougang. Called Limbang Green and Buangkok Vale, the flats will cost from a low of $64,000 for a Studio flat to a high of $288,000 for a 4-room unit. The Housing and Development Board said in a news release on Tuesday that the new flats are priced below their equivalent market prices and most of the 2- to...
First Real Estate Investment Trust or First REIT said that it has terminated the option agreement to buy a property at Tuas View Lane from Tech-Link Storage Engineering. The sale and leaseback deal was to be completed by end last year but the two parties were unable to agree on the purchase price and leaseback terms. The option fee will be refunded to HSBC Institutional Trust Services as trustee of the...
roperty sales ended the final quarter of last year with a whimper rather than a bang as prices of private homes grew at a slower pace from the previous quarter. According to preliminary data from the Urban Redevelopment Authority (URA), private residential property prices rose 7.3 per cent in Q4, but this is only about half of the 15.8-per-cent growth posted in Q3 last year. Overall, the property price...
Private home prices rose 1.7 per cent overall in 2009, despite the recession, according to preliminary estimates by the Urban Redevelopment Authority. Prices of new homes in suburban areas outperformed the rest, rising at 11.2 per cent for the full year. However, market watchers said the demand and supply of these mass market homes are likely to ease this year. Their prices will also rise at a slower...
Prices of resale Housing and Development Board (HDB) flats rose 3.8 per cent in the fourth quarter of 2009, reaching the highest level since 1990, when records of such data began. The Resale Price Index of public flats stood at 150.7 in the fourth quarter of last year. But some said that spiralling prices will not deter potential buyers. Despite the record high prices, one real estate consultant said...
Singapore's private home prices rose 7.3 per cent in the fourth quarter of 2009, compared to the previous three months. This is according to flash estimates released by the Urban Redevelopment Authority (URA) on Monday. The pace has slowed from the near 16 per cent increase in the third quarter and the main rise was in the city fringe area where prices rose 9.5 per cent. This was followed by a 7.1 per...