Wing Tai Holdings Chairman Cheng Wai Keung is selling a good class bungalow near the Botanic Gardens for as much as S$300 million, which would make it a record price for a single residential property in Singapore. The 85,000-square-foot site at 33 Nassim Road includes a two-storey home, swimming pool and tennis court, according to Jones Lang LaSalle, the sole marketing agent. Mr Cheng, 62, is also...
Luxury Property
The high-end housing segment will be most affected by the recent property curbs, Mr Kwek Leng Beng, Executive Chairman of City Developments (CDL), said yesterday, adding that “some correction” would be needed for the overall market. Responding to a question on Budget 2013 and measures to cool the property market at CDL’s results briefing, Mr Kwek said: “The current economic crisis in Europe and...
Following the latest round of property cooling measures in Singapore, many developers have been offering “incentives” to buyers in the form of discounts to offset the stamp duty hike. But builders of super prime properties have resisted such sales tactics. According to Alain Fanaie, Group CEO of China Sonangol Group, developments on “prime” spots do not need to attract buyers through such...
Three new high-end residential projects in the prime Orchard Boulevard area are expected to be completed over the next two years. They include luxury development 21 AngulliaPark - a Hong Kong-based China Sonangol's first Singapore property project. TwentyOne AngulliaPark and Skyline@Orchard Boulevard are expected to receive their temporary occupancy permits at around end 2013 and Boulevard Vue at around...
Luxury property prices in Singapore are not about to come crashing down following the latest government cooling measures. With demand for high-end properties already depressed, experts said the new policies will unlikely drag prices lower. Traditionally dominated by rich foreigners, the expected comeback of investors from China may prop up prices in this segment. With 34 out of 66 units at The Marq on...
The warehouse loft inspired development Martin No.38 by SC Global Developments has been conferred The Presidents Design Award 2012, Singapore’s most prestigious design award. This notable award is the development’s fourth major accolade since its completion earlier this year. In June, the development was awarded both the prestigious ‘Building of the Year Award’ and the top Design Award within the...
Luxury properties continue to see high demand in South East Asia. With global markets being flushed with cash, experts say more are looking at investing in high-end properties that's worth more than US$5 million. New luxury homes now come with an added touch of class and developers are introducing even more innovative features in such properties. Costing an average of about S$3,500(US$2,800) per square...
Only 33 luxury condos and apartments priced from S$10 million onwards changed hands in the first 10 months of the year, down from 57 units over the same period last year, reported The Business Times. According to a URA data analysis by CBRE, the 33 units amounted to S$449.6 million, 44 percent less than S$797.5 million last year. Caveats lodged comprised both the primary and secondary markets and were...
A new record price psf of land area has been set after a Sentosa Cove bungalow was sold for S$32.5 million, or S$3,214 psf on the land area of 10,111 sq ft. The Ocean Drive property was reportedly bought by a Malaysian citizen from a Singaporean investor, noted The Business Times. This latest deal breaks the record set by another Sentosa Cove home sold for S$28.2 million, or S$2,989 psf on a land area of...
SC Global’s development is conferred ‘Best Housing Project’ at The World Architecture Festival, the world’s biggest architecture award SC Global Developments' loft inspired development Martin No.38 was awarded “Best Housing Project (Completed Developments)” last Friday evening at the prestigious ‘World Architecture Festival’ held at Marina Bay Sands, in Singapore. Now in its fifth year,...