Singaporean buyers of luxury homes so far this year have surpassed the total number of similar transactions recorded for the entire 2011, according to The Business Times. A report by DTZ revealed that 46 luxury homes were acquired by Singaporeans year-to-date, exceeding only 40 units last year. The growth was mainly credited to robust numbers in Q2, wherein 31 high-end homes were sold to Singaporeans,...
Luxury Property
Developers with luxury residential projects seem to be delaying the launches and, in some cases, completions as they await the anticipated uptick in the high-end segment, according to a report in Straits Times. While homes in suburban areas are selling well at record high prices, sales volumes in the luxury sector is anaemic and prices are languishing over the past year. In a report by property...
NOUVEL 18 a Singapore coveted and premier address that signifies prestige like no other is another exclusive development brought proudly 2 Singapore leading developers – City Developments Limited and Wingtai Asia into the prime district 10 for the creme de la creme of society. Enveloped within the serenity of nature, life is absolutely beautiful with rustling leaves orchestrating the sound track of your...
UP@Robertson Quay is set to define a new standard of riverside living in the city. It is the ideal setting for your intimate but purposeful life space. Where you have the privilege of choosing the layout that fits the lifestyle you want – to live, work and play. 70 luxurious apartments located in prestigious District 9 with selected units featuring up to 7.2m floor-to-floor heights, private timber pool...
Newton Imperial, a 19-storey development located in the heart of Newton Road, is within close proximity to Newton MRT, whilst also a short drive to Orchard Road, the Central Business District and public amenities, including good local and international schools. Residents may also choose to take a pleasant stroll down to Novena Square for some fringe shopping, while supermarkets are ample and conveniently...
V on Shenton, a brand new development located at FiVe Shenton Way - an address with a glorious legacy. This new project is being built on the former UIC Building site which once dominated the city skyline as Singapore’s tallest building for many years since its completion in 1973. V on Shenton is within walking distance to the various amenities such as Tanjong Pagar and Raffles Place MRT stations,...
Sluggish demand for high-end homes has lowered developers’ profits of late. If this trend continues, the luxury market could eventually hit rock-bottom in the days to come. With prices of luxury homes expected to fall by 15 percent this year, foreign demand is expected to dry up due to tightening measures and economic uncertainties. Early on, property developers are feeling the pinch over this...
Singapore-listed SC Global Development has unveiled plans for its luxury residences at Ardmore Park, near Orchard Road. In a filing with the Singapore Exchange, SC Global said Sculptura Ardmore, a 36-storey freehold development, offers privacy and exclusivity with just 35 apartments. The developer said it will comprise 4-bedroom apartments ranging from between 2,800 to 4,000 square feet, and some of the...
The 124-unit luxury condominium Marina Collection by developer Lippo Group was completed just last year, and is located next door to ONE°15 Marina Club. The project has seen a spate of buying interest despite the imposition of the additional buyer’s stamp duty (ABSD) on Dec 8. Based on the latest caveats lodged and downloaded from URA Realis as at Jan 18, there were three transactions at the project,...
Average capital values of eight luxury residential markets in the Asia Pacific region rose by only 0.2 percent in the fourth quarter, according to the latest Asia Pacific Residential Index released by Jones Lang LaSalle (JLL). The property consultancy said Bangkok, Beijing, Mumbai and Jakarta recorded an increase in capital values during the period. Prices remained stable in Singapore and Kuala Lumpur...