Prices of high-end condominiums in the downtown Marina Bay area have soared beyond the reach of most Singaporeans, as buyers snapped up multi-million-dollar units in recent launches of such properties in a frenzied bid to own a stake of the area with the upcoming integrated resort (IR). With prices averaging $2,000 per square foot - and skyrocketing to record highs of $3,400 psf for the penthouses - only...
Sentosa Cove is launching the tender for its Seaview Collection on Sentosa island on Tuesday. This is the second condominium land parcel of three that it has identified in the Southern Residential Precinct. The 157,000 square foot seafront site has a plot ratio of over 2.1. Developers can build a condominium of up to 8 storeys with 200 units. The tender will close in two months. The Waterfront...
More competitive prices are in store for homes in Singapore's central business district as more supply is coming on stream. Analysts say they expect downtown homes to remain to be hot property items, especially if they offer great views. Six condominium projects have already been announced for Singapore's central business district. Those which have been launched so far, especially the waterfront ones,...
Last month's buying frenzy at the Marina Bay Residences — which saw penthouses sold for a staggering $3,400 per square foot — has bumped up the growth of Singapore's private-home prices to a seven-year high. All in, private-home prices grew by 10 per cent last year — the highest since 1999. But this is only for high-end homes, with the mass market remaining sluggish, cautioned analysts. According...
Property experts are bullish that the residential property market will continue to grow this year. Riding on strong market sentiment and a healthy economic outlook, they say a broader base price growth is possible. As a whole, home prices are expected to jump 12 percent this year, up from 10 percent in 2006. High-end homes led the rise in prices last year but analysts say the increase in 2007 will be...
SUCH is the demand for property in the Central Business District, with its proximity to the proposed integrated resorts, that this year’s first private residential property launch might never have been open to the public if two western funds had had their way. Both the funds, whose names were not revealed, were keen to buy the tower blocks of One Shenton — a new project by City Developments Limited...
It's not just location, price and size that matters. A lush green lung that visually seduces condo buyers also counts, says landscaper Henry Steed LOCATION, price and unit size are the mantra of the condo-buyer, right? Well there is a little-known element that plays a big part in a purchasing decision too. Think of it as planting the seed of desire in a buyer's eye - landscaping. Landscaping, involving...
One Shenton – This architectural iconic jewel designed by world-renowned architect Carlos Otts comprises 341 apartments and penthouses. Soaring with twin towers at 50 and 42 storeys high, One Shenton will dramatically enhance Singapore’s Skyline, offering residents spectacular unforgettable views of the energetic city, green parks and soothing waters. One Shenton is perfect for those seeking a seamless...
Analysts say the proposed sale of the UIC Building along Shenton Way marks the re-emergence of Singapore's commercial property sector. UIC Building is the largest property in Singapore so far to be placed for collective sale and it is expected to see strong interest. Dominating the property buzz of late are home prices in Singapore's central business district. But analysts say more of such homes will...
The newly reopened National Museum of Singapore has been celebrating its rebirth with a month-long festival to mark the event. Since it reopened its doors on December 8, the museum has seen some 60,000 visitors. This is a far cry from previous years where the average was 3,000 visitors a month. People from all walks of life, not just the elite literati and cultural types, want a bit of the museum...