In prime district 9, located along Kim Seng Road, is Lippo Realty’s The Trillium, which has 231 units in three 29-storey towers. The freehold high-end project is located just across the street from Great World City, which is frequented by Indonesians, and is a short drive to the CBD and Orchard Road. As such, the development is popular with Indonesian buyers. During the period of Aug 31 to Sept 7, three...
Market Reports
The Singapore Residential Price Index (SRPI), compiled by the NUS Institute of Real Estate Studies, show that prices of non-landed private homes remained flat in August as compared to July. The latest flash estimates from National University of Singapore (NUS) covers only completed properties. The overall price index for non-landed homes for August rose 0.8% month on month, compared with a month-on-month...
Private resale homes prices are continuing to hit record highs. However the pace of increase slowed this quarter, according to a report by DTZ. This weakening rise is likely to come to a stop over the rest of the year as recent cooling measures on residential market take effect, it said. 'Sales volume is expected to be lower as sellers continue to maintain their asking prices while potential buyers hold...
The Prices of freehold landed housing outside the prime districts have hit a new high, according to property consultant DTZ. But DTZ notes that the pace of price increase for the entire residential sector is losing steam. In its report, it says price growth across all housing segments slowed in the third quarter of this year compared to the previous period. DTZ said prices of freehold landed homes...
Prices of landed freehold units outside the prime districts have hit a new high in the third quarter of this year. Property consultant DTZ said prices of homes outside the prime areas inched up 1.7 per cent quarter-on-quarter to S$952 per square foot, surpassing for the first time the high of S$943 per square foot recorded during the 1996 boom. Meanwhile, landed freehold units in the prime districts of...
A record price has been set on Sentosa Cove. This time a prime seafronting bungalow along Ocean Drive on a 7,690 sq ft plot area has been sold for $2,536 per square foot (psf) on land area. This exceeded the earlier record of $2,403 psf posted just in May this year for a bungalow on Paradise Island which has a bigger land area of about 14,983 sq ft reflecting in a much higher price of $36 million. The...
Homes near MRT stations generally enjoy strong demand. For homes in mature estates with shopping centres and other amenities, demand is well supported — even in a quiet market. One such development is Queens, located a short walk from the Queenstown MRT station. The 722- unit, 99-year leasehold condominium comprises three 39-storey towers. The eight-year-old condo along Stirling Road is near good...
Prime residential rentals in Singapore have been boosted by new supply in the third quarter. According to preliminary estimates from Jones Lang LaSalle, average prime non-landed residential rental experienced a slight uplift of 1.1 per cent quarter on quarter. It rose to $4.65 per square foot per month in the third quarter as higher rentals commanded by the new completions benefited the rentals in the...
The number of property units sold in the third quarter has continued to fall from the previous quarter. According to CB Richard Ellis, some 3,300 to 3,500 new property units were sold in the three months to September. This is lower than the 4,033 and 4,380 units sold in the second and first quarters respectively. CBRE said residential market activity in the third quarter moved at a steady pace until it...
Around 34 residential developments with more than 8,800 units are planning to be launched by June 2011 with most of it to be mid-tier and high-end developments. Developers believe that the latest round of government measures announced on Aug 30 to dampen demand for private homes and HDB flats will impact mostly the mass market. They are hopeful that the mid-tier, high-end and luxury segments will see...