The residential market looks set to end 2006 on a high with a take-up rate of around 9,700 new homes and price increases in the region of 9 per cent. According to a report by real estate services firm CB Richard Ellis, the final quarter of the year saw the highest sales, with approximately 3,000 new units being sold. A total of 792 units from four projects were fully sold this quarter. They were...
Luxury Property
BS Capital yesterday opened the showflat for its Lumiere development off Shenton Way. BS Capital chief executive Chin Teck Chuan said yesterday that sales are likely to begin this week, but pricing has not been finalised. Prices at The Sixth Avenue Residences averaged about $1,000 per square foot (psf). Some agents who brought their clients to the showflat at Mistri Road yesterday were overheard...
Units at Marina Bay Residences have been sold at yet another record price. The developer, BFC Development, says units were sold at over S$2,700 per square foot - the highest so far for primary sales in the area. Even at this record-setting price, more than 90 percent of the apartments have been snapped up at special preview sales held for invited guests over the last two days. According to the...
Another record has been set for property prices at the Marina Bay area. A new residential development, Marina Bay Residences, is being put on the market at between S$1,550 and S$2,150 per square foot. This will dwarf the previous benchmark set for the area by another development - The Sail @ Marina Bay - which went for up to S$1,700 per square foot. Strong interest in the Marina Bay Residences has...
Just buy homes, sell them and get rich. That was the mantra of the 1990s before the music died. As property launches again see brisk sales and overnight queues make a comeback, some wonder if those days are back. So far, these voices of caution are merely a murmur. Analysts can point to the strong economic growth underpinning the recent interest in property as well as numbers that show that 2006 is not...
There was a 43 percent jump in transactions for good class bungalows (GCBs) in the three months to September from a year ago.This brought the total transacted value for this class of the property market in the third quarter to $281 million. According to Knight Frank, the total transacted value of GCBs for the first 9 months of the year exceeded the $733 million recorded for the whole of last year. Prices...
Live in the heart of it all Step into a world that bings you the beat of waterfront living. Live and be seen at the centre of it all - Tribeca by the waterfront. Imagine your own private oasis in the heart of the city. A lush paradise inspired by clean lines and distinctive facade, realizing a perfect blend of modernity and natural serenity. A magnificient freehold property, Tribeca by the waterfront...
Sentosa Cove's decision to announce the minimum reserve price for the land parcels to potential buyers and the media is a smart way of separating the haves from the have-nots and will also help to push up the price, say experts. The six highly-sought-after sea-front-bungalow land parcels will be up for grabs from this weekend. The minimum reserve has been set at $890 psf, and interest bidders need to...
The Good Class Bungalow (GCB) market has fared well this year, with 84 units sold during the first three quarters. With this in mind, Colliers International has put up for sale by tender a freehold GCB in District 10. "As the supply of brand new GCBs remain tight, we expect to receive favourable response from discerning Singapore buyers and qualified permanent residents, particularly those who...
Orchard Turn looks set to be more than just a mega-mall and high-end residential complex along Singapore's prime shopping street. The developer is promising a striking landmark that will draw in the crowds. More details about the development were unveiled on Tuesday, including plans to launch 177 luxury residences in the first half of next year. It is the first major retail development on Orchard Road in...