Property developer Far East Organization has announced that it sold 76 units, including a bulk deal, at a preview of The Lanai project which began on October 9. Located in the Hillview area, the 10-storey development comprises 214 units in six towers. The project includes a mix of two-, three-, and four-bedroom units with sizes starting from 947 sq ft. The developer released three towers with a total of...
Market Reports
Lately, there has been a surge in transactions at The Calrose and Seasons Park along Yio Chu Kang Road. The reason? Property agents like Benjamin Tan of C&H Group note that upgraders see value in the competitively priced condominiums, which are located in a good neighbourhhod. The Yio Chu Kang/Ang Mo Kio area has become an attractive residential enclave as it is just a few bus stops away from the Yio...
Many Singaporeans aspire towards real estate ownership. High-rise living, whether in private condominiums or HDB estates, is the norm in Singapore, with more than 90 per cent of people housed in this manner. Residents may enjoy better views and ventilation. For those living in condominiums, they may also enjoy the benefit of common facilities and security. On the other hand, many diehards value landed...
The measures announced at the end of August to cool the property market are starting to have an effect, even as prices of both public and private housing hit new highs in the third quarter. Preliminary estimates released on Friday by the Urban Redevelopment Authority (URA) showed private home prices rose by 3.1 per cent in the third quarter to push its index to a high of 190, but the gain was down from a...
Private residential property prices rose from 184.2 points in the second quarter to 190.0 points in the third quarter of 2010. Releasing the flash estimate on Friday morning, the Urban Redevelopment Authority (URA) said this represents an increase of 3.1 per cent, compared with 5.3 per cent in the previous quarter. URA also released on Friday the flash estimates of the price changes in three geographical...
The prices of HDB, mass market segments will cool somewhat and stagnate at current levels The housing policy measures introduced on Aug 30 have sidelined many buyers, including owner-occupiers who have out-grown their current apartments and are seeking newer, bigger or better located homes. A typical case: Mr and Mrs Tan have lived in their five-room HDB flat for 12 years. They have worked hard,...
The property market has a history of repeating itself. I guess that is why they call it the property cycle. There is a huge clamour for flats today, and we can't seem to build flats fast enough to satisfy demand. Yet, when I became Minister for National Development in 1999, one of my first challenges was to deal with an overhang of more than 31,000 unsold flats. Almost every year, until 2006, Members of...
Property agents said the sale of private residential homes have dipped between 10 per cent and 20 per cent in September. This comes exactly a month after the government rolled out a slew of new measures to help cool the property sector. Some observers said transaction volumes could trend lower in the coming months, as there could be a lag in the full impact from the new rules. Foreign visitors have been...
Singapore's property investment market surged in the third quarter, rising on the back of a buoyant office sector. Property consultant DTZ said total investment sales in the third quarter totalled S$6.1 billion, up by some 23 per cent from the previous quarter's S$5 billion. A rebounding office sector helped transactions in office properties to cross the S$1 billion mark, a level not breached since the...
Sunway and Hoi Hup Realty sold 90 units at the Vacanza @ East condominium project by end Tuesday. The project was previewed to potential homebuyers who had expressed interest with marketing agents Huttons and DTZ. Buyers were mainly Singaporeans, with two- and three-bedroom units being the most popular, said Wong Sjew Hung, director of Hoi Hup Realty. “The majority of buyers are Singaporeans looking...