The majority of Singaporeans like the idea of sky gardens in the housing estates. This was evident from among the 7,500 who have taken part in a survey held in conjunction with the ‘Remaking Our Heartland’ exhibitions. The exhibitions are making their rounds to various parts of the island to get public views on the Housing and Development Board’s regeneration strategies for the housing...
A new record price has been set for a 6,600-square-metre residential site on Sentosa. The Green Collection, Sentosa Cove’s only strata landed housing development, has fetched a bid of more than S$78 million or S$1,099 per square foot per plot ratio. Boutique developer Elevation Developments submitted the highest of eight bids received at the close of an Expressions of Interest for the site last...
En bloc prices are set to go up when the new rules in the Land Titles Strata Bill kick in next month. According to the Real Estate Developers’ Association of Singapore (REDAS), this is because property developers will have to pay more as choice sites get harder to come by. REDAS celebrates what it calls an autumn harvest and for good reason. The collective sale market is expected to reach a peak this...
Singapore has four official languages: English, Malay, Mandarin, and Tamil. While Malay is the national language, English is the language most commonly spoken. It is used widely in the business arena and is the language of instruction in schools. Most Singaporeans in the corporate sector speak fair to excellent English; taxi drivers and some shopkeepers speak a 'pidgin' known as 'Singlish,' which is a...
Housing rentals in Singapore have risen faster than property prices, a phenomenon that is unique in this region. Property analysts have pointed the finger at collective, or en bloc, sales, but they say they are not expecting rents to drop sharply even when the redevelopment projects are complete. The price of housing in Asia has risen as a whole in recent years. Over in Hong Kong, South Korea and China,...
Sentosa Cove is launching its final condominium development land parcel. The Pinnacle Collection has a reserve price of S$964 million or S$1,600 per square foot per plot ratio. The 230,000 square feet site has a maximum permissible gross floor area of over 600,000 square feet. A condominium with about 360 luxury apartments can be built on the ocean-front site. The 20-storey building will be the tallest...
Despite signs that sentiment has been weighed down by global credit woes, property consultants are still keeping to a bullish outlook for the Singapore property market. They are expecting to see further upside in prices of as much as 50 percent over the next 6 to 18 months. This is despite the industry taking a slight breather and a general cautionary mood among investors due to the US sub-prime mortgage...
The average age of all developments which applied for collective sale from January 2005 to end-August 2007 was 25.9 years. This was revealed by Deputy Prime Minister and Law Minister Professor S Jayakumar in a written answer to questions from Nominated Member of Parliament Mr Siew Kum Hong. Professor Jayakumar said the average percentage of owners who had signed the collective sales agreement at the time...
Despite the market turmoil in recent months over the US housing credit crisis, property developers are still seeing strong demand for new residential units. Numbers out from the Urban Redevelopment Authority (URA) on Monday showed that property developers not only launched more units in August than in July, but they have also made more sales. Nonetheless, market watchers said sentiment has been weighed...
The forlorn silence at the Tang Dynasty City in Jurong could, come January, be replaced by the rumblings of bulldozers. Just months after it seemed the former tourist draw might be given a new lease of life as a Shaolin attraction, hope of a rescue now seems extinguished, as a call went out for consultants for the demolition works. On Tuesday, landlord JTC Corporation called for an expression of interest...