Homes around Cairnhill and Scotts Roads are getting a buzz from new launches and the completion of condominiums in the neighbourhood. CapitaLand recently launched its boutique development, the 64-unit Urban Resort Condominium, and of 34 units launched, 21 had been sold as at end-April, with the latest median price achieved at $3,076 psf, according to the latest data by URA. At the neighbouring The...
Luxury Property
Savills Singapore has reported that the prices of non-landed luxury homes it monitored remained steady in the first quarter of the year. Savills’ data showed that the average price of non-landed luxury private homes remained steady at S$2,269 psf in the first quarter, rising marginally by 0.5 percent quarter-on-quarter from S$2,258 psf in the last quarter of 2010. The average price of “super...
Demand in luxury homes seems to be creeping back, if last month's new private home sales figures and reports of a fresh jaw-dropping record sale price are anything to go by. A four-bedroom unit at SC Global's The Marq on Paterson Hill recently sold at $17.5m, a record-breaking $5,842 psf - surpassing the previous high of $5,600 psf at The Orchard Residences in October 2007. A total of 15 non-landed homes...
A new price record has been set for private property in Singapore. According to an anonymous source, a four-bedroom apartment at SC Global Developments’ The Marq on Paterson Hill has been sold for S$5,842 psf, surpassing the previous record of S$5,600 psf at The Orchard Residences in October 2007. In addition, the recent transaction at The Marq sets a new benchmark for the project, exceeding the...
The luxury residential property sector should be performing quite consistently this year but luxury residential property prices look unlikely to climb to pre-crisis levels anytime soon, according to market-watchers. "Current prices for luxury residential property prices per square feet (psf) are in the S$2,500 to S$4,500 range," said Mr Liang Thow Ming, executive director and head of residential services...
Sales of luxury homes in Singapore have remained low due to the economic crisis in the US and Europe, though buyers are slowly returning, according to a top executive of Heeton Holdings. Danny Low, Chief Operating Officer of Heeton, said the low luxury home sales in the country can also be attributed to the increasing number of locations competing for high-end buyers. Mr. Low was speaking during the soft...
Singapore’s high-end homes recorded the third largest increase in prices globally, behind Shanghai and Mumbai, according to a new report released today. Compiled by property consultancy Knight Frank and Citi Private Bank, The Wealth Report 2011 found that Singapore’s luxury home prices rose 18 percent in 2010. This was on top of a 17 percent increase the previous year, when Singapore recorded the...
The Boutiq is located along Killiney Road (Somerset), in close proximity to Orchard Road - Singapore's District 9. It is within walking distance to Somerset MRT, and the various shopping malls in Orchard Road shopping belt. Schools such as River Valley Primary School and Chatsworth International School are also within easy reach. The project is inspired by chic designer boutique hotels emerging in leading...
Parkview Éclat, the 35-unit boutique condominium development along Grange Road, saw two units change hands in the resale market last month as owners cash out after the project was completed last year. The property is developed by Hong Kong headquartered property developer Chyau Fwu Group, renowned for its Parkview Square art deco office tower along North Bridge Road. Parkview Éclat also bears the...
The Scotts Tower is a 31-storey, 231-unit development consisting of 1 to 3-bedroom apartments and 4-bedroom penthouses; expansive landscaped gardens, sky terraces, penthouse roof gardens and diverse recreational facilities. The concept of The Scotts Tower is that of a vertical city incorporating a variety of residence types and scales. In addition, outdoor green areas in the form of sky terraces,...