YOU might have noticed that there are fewer ads for home launches. Perhaps you have also overheard that some condominiums in a prime area just went for a price you could only dream of a year back. Yesterday, official data bore out the coffee-shop talk that has been making the rounds. Reflecting weak consumer confidence, private homes sold and launched last month plunged to their lowest since June last...
General
IRs expected to meet economic targets, albeit with impact from crisis THE promise, when the Government decided to allow the Integrated Resorts (IRs) in, was a $1.5-billion increase in our Gross Domestic Product (GDP) and 35,000 new jobs - but will these economic rewards now materialise? And if so, when? In response to questions by Nominated MP Eunice Olsen and Non-Constituency MP Sylvia Lim yesterday,...
Las Vegas Sands said yesterday that doubts about its ability to continue as a going concern have been removed after the completion of an offering of common stock, preferred stock and warrants provided about US$2.1 billion ($3.1 billion) of additional capital. The Las Vegas-based casino operator’s independent accountants, PricewaterhouseCoopers, said in a filing with the Securities and Exchange...
Only 159 private homes were launched in October this year - the lowest in more than a year. The slide of almost 80 per cent from the 767 units launched in September is due to poor economic conditions, and the technical recession that has hit Singapore. About 194 units launched in August 2008, during the traditionally slow market in the seventh lunar month. The central region made up almost half the new...
New home sales in Singapore dived 70 per cent in October compared to September as home buying sentiment continued to sour. According to Urban Redevelopment Authority’s (URA) data, developers sold 112 new and uncompleted private residential homes last month, versus the 380 units sold in September. They launched just 159 units for sale, compared to nearly 767 in September. The most expensive unit sold...
Through an aspiration that made us reach for the stars, the ones that set us apart from the mundane, we have created a living that truly embraces you in rarity. Rising like a glistening jewel in the prestigious enclave of St. Thomas Walk, the magnificence of this 35-storey residence will own the attention of every passerby. A cluster of three apartments clinging to a triangulated central core that splits...
A 99-year leasehold condominium located in District 11, Keng Lee Road, off Newton Circus. There will be a tower block with unimpeded views of the City. This development is close to Newton and Novena MRT Station, popular local cuisines at Newton Circus and Orchard Road shopping belt are within close proximity. It is close to popular childcare centres such as Montessori for Children, Eton House Pre-School,...
Developer to roll out Woodlands project on back of solid soft launch A DEVELOPER is rolling out a rare condominium launch in Woodlands this weekend - optimistic that lower-than-planned prices will draw buyers, despite the gloomy market conditions. EL Development is launching the 99-year leasehold, 200-unit Rosewood Suites at $580 per sq ft (psf) on average. The developer held a sneak preview to test the...
The Housing and Development Board (HDB) has launched Punggol Arcadia, a 750-unit project under its Build-To-Order (BTO) system, at the junction of Punggol Place and Punggol Field. Prices for the 120 three-room units range from $181,000 to $211,000 each. The 465 four-room units will cost anywhere from $268,000 to $327,000 each; while the 165 five-room units come with a $356,000 to $416,000 price tag. By...
AMID the weakening property market, City Developments said it will delay selling homes at new projects for now. About 130 units remained unsold among the homes it had already released for sale. At the same time, CDL and its partners in the South Beach development, located downtown, have agreed to delay construction on expectations that building costs will retreat, said the company. Singapore’s...