The move to set aside three prime areas for private housing development under the Urban Redevelopment Authority’s (URA) Master Plan makes economic sense and is consistent with the Government’s vision for these areas outlined previously, property analysts said. Under the URA’s Draft Master Plan 2013, which was unveiled yesterday, Marina South, Kampong Bugis, which is near the Kallang River, and a...
Market Reports
Real estate consultants said the draft master plan unveiled by city planners Urban Redevelopment Authority (URA) on Wednesday is not likely to trigger any knee-jerk reaction in the residential property market. However, they said areas like Holland Village and Jalan Kayu could see some price upside in the next few years when the new developments are starting to take shape. The new extension at Holland...
The Urban Redevelopment Authority's (URA's) Draft Master Plan offers a good balance between Singapore's economic and social needs, analysts said. But they also pointed out possible areas of concern, such as the potential over-development of certain areas, which could affect their original character. Holland Village is known for its quaint shophouses, restaurants and bars. And its unique character...
Singaporeans can expect some 15,000 new homes in central Singapore, more commercial hubs outside the city centre, and a new waterfront area in the future. These are some of the plans laid out in the Draft Master Plan 2013. The plan guides Singapore's development in the medium term and is reviewed every five years. It was launched on Wednesday by the Urban Redevelopment Authority (URA). New...
Sales of new private homes slowed last month after two consecutive months of increases, but analysts attributed the decline mainly to fewer launches and said that projects with good locations and prices will continue to draw buyers. Developers sold 1,009 units last month excluding executive condominiums, down 19 per cent from September’s 1,246 units, after they launched 38 per cent fewer homes at...
Demand for new private homes in Singapore eased by 19 per cent in October. According to data from the Urban Redevelopment Authority (URA), 1,009 units of new homes were sold in October, down from 1,246 units transacted in the previous month. The top selling projects during the month were located in the suburban areas. They included The Inflora at Flora Drive which sold 388 units, and Nine...
Spanning less than 538 square feet, shoebox units may be the smallest type of condominium units available. However, such units are gaining popularity among property investors -- unit owners are getting better returns by renting out these units compared to rental yields from the larger condos. The supply of condominiums are set to grow in coming months as more of such private homes are being built....
A total of 50,841 non-landed private residential units were completed between 2008 and 2012. Over the same period, 47,273 dwelling units were completed by HDB, comprising 40,128 flats for sale and 7,145 flats for rental. The Urban Redevelopment Authority (URA) granted planning approval for the development of non-landed private residential units on 385 hectares (53 per cent) of land and public housing...
Touted as an enclave for the super-rich, Sentosa Cove "has lost some shine of late" after the 2008 global financial crisis and the raft of local property cooling measures in recent years, according to a report released by real estate company Colliers International. As a result, residential properties at the cove are now within reach of the mass market, the report said, with the difference in price...
Mainland Chinese investors top the list of foreign buyers of private property in Singapore from January to October this year, research published yesterday (Nov 4) revealed. According to numbers compiled by OrangeTee Research, 34 per cent of foreign property-buyers (excluding permanent residents) in Singapore this year were from China. Buyers from China view Singapore as a favourable property...