The buzz of excitement at the Marina Bay area with the opening of the US$5.5 billion ($7.5 billion) Marina Bay Sands integrated resort (IR) on April 27 is resulting in a pick-up in sales activity at the neighbouring Marina Bay Residences. The 55-storey, 428-unit upscale condominium tower is expected to be completed soon. Prices at the 99-year leasehold high-end condo are fast approaching 2007 peak levels....
Luxury Property
Its analysis of URA Realis caveats shows that 29 deals are sealed At least $500 million worth of Good Class Bungalows (GCBs) have changed hands in the first three months of this year, according to CB Richard Ellis. The property consultancy's analysis of URA Realis caveats shows that 29 deals were sealed in Q1 for a total of $470.33 million. In addition, CBRE director (luxury homes) Douglas Wong...
Those looking to buy into high-end living will have more options, with the launch of "The Residences at W Singapore" at Sentosa Cove this weekend. With luxury homes touted to be star performers of 2010, market watchers expect developers to roll out more of them in coming months. This could run down their land bank and drive up collective sales later in the year. The launch of "The Residences at W...
PETER OW and ONG KAH SENG examine high-end residential properties that may see increasing buying interest from foreigners and locals THIS is the year that high-end residential properties are expected to shine. Indeed, prices of luxury homes could recover by at least 10 per cent in 2010, bringing them close to the all-time high at end-2007. As Singapore's economic recovery takes hold, the traditional prime...
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...
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...
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...
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...
Demand for a new waterfront development, Reflections at Keppel Bay, has been positive, with 98 per cent of the 700 launched units sold as at the end of last month. This was disclosed as the developer Keppel Land topped out the first tower today. It's the first of the six glass towers to be completed in the waterfront residence development. Keppel Land chairman Choo Chiau Beng, who is also CEO of the...
Hong Kong and Singapore jumped from the bottom five to the top five of an annual list measuring the rise in luxury home prices. This was according to the latest figures from property consultants Knight Frank International for 2009. The firm said that this reflects the attraction of prime residential property, where demand tends to improve as prices dip. Overall, luxury home prices in the Asia Pacific...