THE private homes market remains buoyant, with more than 200 units sold at a new launch and the year's third collective sale site sealed. UOL Group said it has sold more than 200 units of Waterbank at Dakota in Dakota Crescent at a preview that started on Wednesday. Prices ranged from $1,000 per sq ft (psf) to $1,300 psf. With 616 units, it is the first project here without bay windows and planter...
Market Reports
This exceeds any quarter of 2009, says Colliers Int'l More high-end homes surfaced at auctions in the first quarter of this year, mostly involving owner sales, the latest figures from Colliers International show. About $13.4 million of such properties changed hands at auctions in Q1, higher than any quarter of last year. The total value of all properties sold at auctions in the first three months of...
It plans to launch more waterfront homes in S'pore KEPPEL Land is upbeat about the prospects for residential property in Singapore and other key markets it operates in, it says in its latest annual report. In 2009, the developer sold 384 homes in Singapore and about 3,100 overseas. Keppel Land now intends to push out more waterfront homes in Singapore. After Caribbean at Keppel Bay and Reflections at...
IN the light of concerns about the recent rent hike at five of Sheng Siong Properties' wet markets, the Housing & Development Board (HDB) has clarified its position on the issue. HDB says the five wet markets in question were purchased by Sheng Siong from Heeton Holdings on Jan 4. In approving the sale, HDB says it specified that the properties must continue to be operated as wet markets and made...
WITH prices of public housing busting records in recent months and concerns escalating over supply and affordability, the man overseeing Singapore's red-hot property market has found himself in the hot seat. But the ever unflappable National Development Minister refuses to be unnerved by the emotionally charged debate now playing out online and in newspaper forums. Rather, in his first full interview...
AFTER three consecutive quarters of growth, the value of property investment transactions in Q1 2010 fell 8.5 per cent quarter-on-quarter to $2.64 billion. The figures, compiled by DTZ Research, also showed that in contrast to last year when residential sales dominated the investment market, investments in the industrial segment stood out in Q1 2010. Industrial property investments accounted for $1.02...
Investment sales in the property market finally slowed in the first quarter this year. Property consultant DTZ Research said the value of investment transactions in the first three months this year fell 8.5 per cent on-quarter to S$2.64 billion. It was the first drop after three straight quarters of increases. The industrial sector leapfrogged the residential sector to account for the bulk of the...
CapitaLand, meanwhile, sells 110 Interlace units over the weekend THE property launch scene continues to buzz. UOL Group is expected to preview its 99-year leasehold Waterbank at Dakota condo this week at prices ranging from above $1,000 per square foot to around $1,300 psf. Over the Good Friday weekend, CapitaLand sold a total 110 units at The InterLace in the Alexandra Road area at $850-1,300 psf....
WITH both public and private property prices continuing to rise in tandem, developer Simon Cheong's call last week for private property prices to remain unfettered by government intervention seems not only contradictory but perhaps also misguided. Property developers have long had a constructive relationship with the government. Indeed, the reserve list system of the government land sales (GLS) programme...
Price resistance may be setting in as private homes, resale flats register small increases PRICES of private homes as well as public housing resale flats registered smaller quarter-on-quarter increases in the first quarter of this year compared with Q4 last year, government flash estimates show. Market watchers say this could reflect price resistance starting to set in following non-stop increases for...