NV Residences, the latest condominium development to hit the market, packed in the crowds on Hari Raya holiday. The afternoon rain on Friday did little to dampen the interest of home-seekers, as hundreds turned up at NV Residences in Pasir Ris. While many were there to browse and make enquiries, others came ready to hand over a cheque. Market watchers said that despite the government's recent measures...
Market Reports
The latest launch by City Developments - NV Residences in Pasir Ris Grove - has received good response despite the property market curbs announced late last month. A total of 160 of the 200 units released were snapped up during the property's private preview this week. The company's group general manager, Mr Chia Ngiang Hong, said: "We're very encouraged by the good response for NV Residences, which...
There have been numerous analyses recently on how the housing market is reacting to the Government's property cooling measures. But to date, the only impact we can be truly certain of is the huge toll they have taken on the health of overworked reporters. Many have taken ill after rushing out market updates and analyses. Beyond that, it is too early to assess how much the market has changed. The...
For any young Singaporean looking to get married and start a family, the new measures to help first-time buyers, together with those to maintain a stable and sustainable property market, should come as welcome news. The Government and the Housing and Development Board (HDB) have done a good job in keeping the cost of public housing broadly in line with general inflation. Recent research by Jones Lang...
City Developments and its joint venture partners, Hong Leong Holdings and Hong Realty, have sold 80 per cent of the 200 units released at a private preview of NV Residences on Wednesday. Priced at an average of S$830 per square foot, the 99-year leasehold apartments at the 642-unit development range from S$557,000 for a one-bedroom unit to S$1.9 million for a penthouse. The development consists of eight...
The recently concluded Hungry Ghost Month may have scared away some property buyers in the auction market. Property consultant Colliers International said Wednesday only three properties worth a total of S$5.2 million were sold by all auction houses during the Hungry Ghost Month period. The three properties included two shophouses at Dunlop Street, an HDB shop at Bishan and a strata factory at Toh Guan...
With inner-city living becoming increasingly popular, homebuyers and investors will have wider options as more old office buildings are torn down and redeveloped into high-rise residential towers. The 43-storey, 312-unit The Clift developed by Far East Organization (FEO) is expected to be completed next January. Located in the heart of the CBD on McCallum Street, the project is across the road from the...
Mass-market segment appear to be most affected WAIT-AND-SEE was the order of the day at showflats over the weekend - the first since measures aimed to cool property speculation were introduced. The mass-market segment appeared to be the most affected, with thinner crowds and fewer sales. At more upmarket properties, there was still some interest among genuine buyers. At The Minton in Lorong Ah Soo, a...
It was the first weekend after the announcement of the new property rules. And home buyers are adopting a cautious wait-and-see approach for now. Of the five showflats MediaCorp visited yesterday, The Greenwich in Seletar Hills was buzzing with activity at noon, even as it entered into the second week of sale of Phase Two. Over at the showflats of Waterfront Gold on Bedok Reservoir Road, as well as...
Here's what the new property rules imply for buyers and sellers Last week's biggest news was the raft of cooling measures that the Government announced on Monday to dampen demand in the sizzling housing market. The curbs are aimed mainly at deterring property speculators and investors - especially those who may be overstretching themselves financially - from dominating the market and pushing up home...