Emil Chau also buys one as showbiz stars dip into S'pore property market Hong Kong movie superstar Jackie Chan and his good friend singer/songwriter Emil Chau, who were in town recently for last Sunday's Thong Chai Charity Night, also picked up some properties in Singapore. The duo bought four apartments at Lippo Group's freehold Centennia Suites worth over $10 million last week. The four units are on...
Market Reports
WATERFRONT apartments at Reflections at Keppel Bay are riding high on the property wave, with 710 of the 740 units launched at the 99-year leasehold project already sold. At the latest launch at the weekend, 29 of 30 units released in tower block 2B - touted as the block with the best view - were bought. The average selling price of these units - two to four-bedroom apartments, one penthouse and a 13,300...
77% of total sales of $4.4b came from private market THE investment sales market strengthened further in the first quarter of 2010, as robust sales of residential government land sale (GLS) sites showed developers' hunger for land. Total investment sales came up to $4.41 billion in the first quarter, 16 times more than the paltry $273.83 million in Q1 last year, a CB Richard Ellis report said...
The Real Estate Developers' Association of Singapore (REDAS) hopes that there will be fewer interventions in the private property market. Its president, Simon Cheong, said this would give a freer hand to market forces. Speaking at the launch of the National University of Singapore's national Residential Price Index, Mr Cheong said the recent measures to cool the market did not deter genuine home buyers...
Demand for a new waterfront development, Reflections at Keppel Bay, has been positive, with 98 per cent of the 700 launched units sold as at the end of last month. This was disclosed as the developer Keppel Land topped out the first tower today. It's the first of the six glass towers to be completed in the waterfront residence development. Keppel Land chairman Choo Chiau Beng, who is also CEO of the...
Property consultancy CB Richard Ellis (CBRE) on Wednesday said activity in the real estate investment sales market has started to strengthen with the recovery of the Singapore economy. In the first three months of the year, sales of residential Government Land Sale sites have come up to nearly S$935 million. Activity in the commercial sector, as well as the industrial sector, also picked up. CBRE said...
There is a new price index to provide information on the state of the residential market in Singapore. The index was developed by the National University of Singapore's Institute of Real Estate Studies and is the first such index by an academic institution here. The Singapore Residential Price Index, or SRPI, which tracks month-on-month price movements, will provide a resource for the development of...
Survey shows 70% believe this is a good year to invest in property against 68% who favour equities PROPERTY investments still take pride of place in high-net-worth (HNW) individuals' portfolios, accounting for a third of investments, a survey by Knight Frank and Citi Private Bank has found. But only 13 per cent of wealthy respondents said they were planning to buy a new primary residence this year....
Hong Kong and Singapore jumped from the bottom five to the top five of an annual list measuring the rise in luxury home prices. This was according to the latest figures from property consultants Knight Frank International for 2009. The firm said that this reflects the attraction of prime residential property, where demand tends to improve as prices dip. Overall, luxury home prices in the Asia Pacific...
A 99-year leasehold condominium The Vision, in the quiet suburbs of West Coast Crescent, was launched recently at an eye-popping price of around $1,000 to $1,200 per sq ft (psf). Nevertheless, at least 160 buyers put down money for the mass market homes that come with branded goods and quality finishes, said the developer Cheung Kong (Holdings). That set the benchmark price for the area. And this will...