Industrial and residential projects with affordable prices continue to attract demand. MCL Land has marketed 150 of the 200 units it has launched at its 414-unit Terrasse condo in Hougang. “Before we began sales last Saturday (May 21), we had intended to release only 120 units initially. But because demand was strong, we released another 80,” said Koh Teck Chuan, MCL Chief Executive. The units in...
Market Reports
The property market may see some radical changes in the coming months, according to analysts. They say the newly sworn-in Cabinet is expected to carry out extensive review of current housing policies. This may include a review of the government land sales programme and moderating home prices. However, some analysts say the population must continue to grow, otherwise the housing market will risk an...
Property analysts are expecting policy shifts on HDB flats and mass market private homes, with the appointment of Mr Khaw Boon Wan as the new National Development Minister. They say Mr Khaw is known to be an effective game changer. With housing affordability as a hot-button topic during the elections, the analysts foresee Mr Khaw as being forceful on this issue, at least early on. Terence Wong, research...
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...
Defying market expectations, sales of new private homes surged 29 per cent last month from March to 1,788 units, driven by robust demand in the mass market sector from HDB upgraders, data released yesterday by the Urban Redevelopment Authority showed That's the highest number of transactions since last November, as buyers returned in force after a temporary lull in February following the introduction of...
Sales of private residential properties increased in April. 1,788 private homes were sold last month, according to data released by the Urban Redevelopment Authority (URA) on Monday. That's a 29 percent month-on-month increase from the 1,386 units sold in March. Including Executive Condominiums (ECs), total sales would have reached an even more impressive figure of 1,901. Chalking up the best sales was...
Prices of units at Watermark@Robertson Quay hit a high of $1,879 psf last month as the three-year old condominium played catch-up with neighbouring projects overlooking the Singapore River. From April 12 to 19, there were three transactions at Watermark, with prices ranging from $1,647 to $1,879 psf. Keith Tan, an agent with APRO Realtors, says there has been increased interest in Watermark, owing to the...
Rental growth for residential units is expected to moderate over the next few years, as 30,491 new homes come onstream in 2013. This is according to property consultants. Data out earlier from the Urban Redevelopment Authority showed that residential rental growth slowed down to about 1 per cent in the first quarter this year - the slowest pace in more than a year. And the downward trend is expected to...
A record bid by CapitaLand for a plot of land in Bishan has put the spotlight on homes in the area such as Rafflesia Condo and Bishan 8. In February, CapitaLand’s bid of $550 million, or $869 psf per plot ratio, for the 99-year leasehold site at Bishan Street 14 came out tops among 19 bids. CapitaLand has partnered Mitsubishi Estate Asia to develop a 600-unit condo on the 129,137 sq ft site and is...