Singapore has seen a drought of en bloc sales lasting more than a year. But analysts said that could change by the end of this year. They believe that with developers experiencing lower inventories, and government land sales still depressed, en bloc sales could present a more attractive option. More than 5,500 private homes have been sold in the primary market this year - already more than the total...
General
SALES of private residential properties surged to their highest level in nearly two years in May. According to the latest data by the Urban Redevelopment Authority released yesterday, overall home sales totalled 1,668 units last month, the highest monthly figure since the all-time record of 1,723 units was set in August 2007. Purchases of private homes in the prime districts, which include Holland Road,...
Fragrance Assets, a unit of mainboard-listed Fragrance Group, has won the tender for a hotel site at Short Street. It had submitted the top bid of S$15.5 million for the site. The Urban Redevelopment Authority (URA) received a total of 15 bids, ranging from S$8 million to S$15.5 million. Other companies that had tendered for the site include Regal Land, Centurion Properties and Sim Lian Land. The...
A new twist has emerged in the ongoing saga at The Grangeford. TODAY has learnt that more than 200 sub-tenants at the condominium in Leonie Hill were in danger of having their power cut off because former master tenant Ideal Accommodation did not pay the electricity bill. Utility firm SP Services had sent Ideal a letter on June 5, seeking arrears amounting to nearly S$130,000. It had to pay up by last...
Behold a breathtaking waterfront development by Far East Organization - realise your dream of living in a modern and elegant home amid a tropical, resort-style setting at Singapore's eastern enclave! Reside in Waterfront Key and have the clear waters of Bedok Reservoir soothe away your knotted nerves. This lush 427-unit condo offers a full range of country club facilities including a 50-metre lap pool and...
The Housing and Development Board’s (HDB’s) latest Build-To-Order (BTO) project in Sengkang has attracted almost thrice the number of applicants compared to units available. Fernvale Crest has a total of 1,992 applications versus 700 units available. Fernvale Crest has, by far, the most number of small flats in a BTO development. Its two-room flats were the least popular, with 169 applications...
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Evan Lim & Co’s property development arm has scored a few successes and now plans to acquire more residential development sites THE PROPERTY MARKET stirred when Illuminaire on Devonshire, the first launch in a prime district (District 9) for the year, saw all its units snapped up within three days of previews. Also noteworthy was the average price per sq ft (psf) achieved at $1,700 psf, which was...
Sales of uncompleted private homes climbed 37 per cent on-month in May as improving market sentiments spurred more home buyers to snap up properties. A total of 1,668 units were sold last month, up from 1,214 in April. Home sales in the mid-tier market picked up pace in May. The developments that sold the most units last month were Martin Place, The Wharf, The Arte and The Mezzo. These four projects,...
THE past week has been, in a word, “stressful” for the 27-year-old advertising agency executive who has been busy juggling work with “running around looking at apartments”. “Even my lunch breaks are spent meeting agents to check out places to rent,” Jenny (not her real name) told Today. Making things even more difficult, rental rates, she claims, have “shot up”, leading her to conclude...