Private residential property sales slumped again in June after a burst of activity in the previous month, with developers scaling back new launches in the expectation that the school holidays and the World Cup would further sideline potential buyers in an already cautious market. Sales of new private homes plunged 68 per cent from May’s 1,488 units to 482 homes, data released by the Urban...
New Launches
Robin Residences is situated in the heart of prestigious district 10. An address of unmatched convenience. A short stroll away from upcoming Stevens MRT Station, its offers swift connections to vibrant Orchard Road and the bustling Central Business DistricRobin Residences is what one would call the perfect paradox, while the development is hidden from the bustling city and it’s only a short drive away to...
The Commonwealth Towers condominium near the Queenstown MRT station saw strong demand at its launch on Thursday. Developers said that as at 8pm, 175 of the 400 units launched were sold, with at least another 100 buyers waiting in line. One property analyst said the lack of recent launches in the area may have driven up sales for the project. Many people took advantage of the May Day holiday to...
The pleasures of life are maximised to the limit at 26 Newton. The 26-storey skyscraper consists of 180 units ranging from 1,2 and 2 + 1 - bedroom to duplex penthouse. Situated at Prime District 11, convenience is not a privilege, but a way of life. In proximity are Orchard Road, CBD and Integrated Resorts. Newton and Novena MRT stations, shopping malls, Newton Food Centre and expressways are within...
The private residential market is showing signs that the recent measures implemented are having some effect. Developers of a recently-launched project - The Santorini, located in Tampines - said while there were many visitors at the showroom, few actually signed on the dotted line. The project was launched on Saturday, and some 40 percent of its units have been sold. Developers said as it now...
With the government confirming that it is too early to start relaxing property cooling measures, analysts said this will lend more clarity and certainty to both developers and home buyers. One developer has decided to go ahead with plans to launch a new project at the end of March. The Santorini showflat is being built in preparation for its launch later this month. The development comprises 597...
Property developer Tuan Sing Holdings said it is seeing encouraging take-up from buyers for its Cluny Park Residence project. The high-end condominium was launched on Thursday. Located in the Bukit Timah district, the freehold development spreads across close to 49,000 square feet. Cluny Park Residence has 52 units and each unit has been priced from about S$2.3 million. So far, about 20 units...
Property agencies say some developers are offering a higher commission to help boost sales at their projects. This comes amid slowing demand as government property-cooling measures and tighter home loan regulations take effect. Agents say the commission could be as high as 3.5 to 4 percent for hard-to-sell units, and that's the highest commission rate in five years. As a result, some agents are...
Frasers Centrepoint has sold 220 of the 300 units for its latest project, RiverTrees Residences, in Sengkang’s Fernvale district, which were released for sale last weekend, said the developer yesterday. Mr Cheang Kok Kheong, Frasers Centrepoint Chief Executive for Development and Property in Singapore, said: “This validates our belief that there is still depth in the market and that there is robust...
Two new condo developments in a Sengkang area are launching at around the same time, raising the possibility of a price war. This comes on the back of a fall in suburban private home prices. Prices of suburban condo units dropped 1 per cent in the last quarter of 2013. That is the first dip in about four years, or since the second quarter of 2009. Some analysts said the drop has made property...