BUYERS have snapped up units at a West Coast condominium despite the developer setting record prices for a mass market project. Cheung Kong (Holdings) has sold all 100 units of The Vision released for its Phase 1 sale at prices 'from $1,000 to $1,200 per sq ft (psf)' for the two- to four-bedroom units, according to sales manager Cannas Ho yesterday. However, market talk suggests that around 130 units or...
Market Reports
The luxury seafront condominium The Vision at the West Coast has received good response. All of the 100 units allocated for its first phase of sale on the opening day of its private preview have been sold. Prices for the two-bedroom to four-bedroom units range from around S$1,000 to S$1,2000 per square foot. All the penthouse units have also been snapped up fetching S$3.6 million each. The 99-year...
Once seen as a poor cousin to the prime East Coast area, the West Coast is gaining in popularity, with transformation of the entire western region underway. There are one-north, with Biopolis, its biomedical research cluster, and Fusionopolis, its infocomm and media cluster; wellknown tertiary institutions like the National University of Singapore (NUS) and INSEAD; parkland and green lungs like West Coast...
There's pent-up demand for half a million homes in the sector, says BPTP BPTP Ltd, an Indian developer backed by Citigroup Inc and JPMorgan Chase & Co, aims to tap demand for housing from India's middle class, managing director Kabul Chawla said here yesterday. The nation has a pent-up demand for half a million homes in the mid-tier segment, where houses cost two million rupees (S$61,584) to six...
As developers released more upmarket projects, the average transaction value of private homes sold in the primary market in the first two months of this year rose to $1.78 million per unit, a study by CB Richard Ellis shows. This is 37 per cent higher than the $1.3 million average price of homes sold by developers for the whole of last year. But the figure for January and February 2010 is still shy of...
THE phrase 'Catch-22', taken from the title of Joseph Heller's seminal work, has come to describe a double-bind scenario where one feels caught between the devil and the deep blue sea. It may also soon come to describe the situation for developers here with the recent announcement of new government measures aimed at cooling property market sentiment and avoiding a housing bubble, barely half a year after...
THE Government will not introduce more measures relating to the property market for now, but will monitor the market closely, said National Development Minister Mah Bow Tan yesterday. This follows a string of measures aimed at cooling both the private and HDB property markets unveiled by the Government in the past two months. But Mr Mah said that to address land supply concerns - and to increase...
SHOULD the Government do something about 'Mickey Mouse-size' apartments that are all the rage now? No, said National Development Minister Mah Bow Tan yesterday, reiterating that market forces should continue to determine the prices and sizes of homes that will be developed. He was responding to concerns raised by Dr Amy Khor (Hong Kah GRC) about the proliferation of such small units in...
National Development Minister Mah Bow Tan on Monday said the government will not be introducing more measures to cool the market for now. He was responding to Members of Parliament who raised concerns about property prices, during debate over the ministry's budget. Sales of private homes gained momentum in the second half of last year, driving overall prices up by some 1.8 per cent in 2009. Last month,...
High-end properties are revisiting the $3,000 psf price range. In the Marina Bay area, the 1,111-unit The Sail @ Marina Bay steals the spotlight once again with six transactions in the week of Jan 26 to Feb 5; four above $2,000 psf while two crossed the $3,000 psf level. While Sentosa Cove and Keppel Bay are abuzz over the opening of Resorts World at Sentosa, excitement is also mounting at Marina Bay as...