Some developers and consultants have high hopes for Singapore's residential market next year.They are saying that both the mass market and the high-end segment could see rises of between 10 and 20 percent.Home prices for the first three quarters have already beaten most market expectations, rising 5.7 percent versus consensus of 5 percent. Encouraged by the strong showing, some consultants and developers...
Minister for National Development Mah Bow Tan has described the Marina Bay Financial Centre as a strategic step in efforts to maintain Singapore's position as a major player in the global banking and financial arena. He said: "The development of the MBFC serves to further entrench and strengthen Singapore's status as a financial hub. The first phase of the MBFC will comprise about 244,000 square metres of...
The first phase of Singapore's new downturn business hub will cost S$2 billion to develop.This is according to Keppel Land, which is one of the developers for the massive project.When it is completed in 2010, the newly-named Marina Bay Financial Centre will double Singapore's premium office space supply and add even more high-end residential units to the area. Singapore's downtown skyline is set for a...
We all go thorough stressful experiences in our lives and the stress of buying a house is a no lesser experience. First, there is the stress of finding the right real estate agent you can trust, find the home that you feel is just right for you, negotiating the sale, and finally arranging the move. During this time you may go through feelings of frustration, which may result in your not acting in your...
Singapore private residential prices rose by their fastest pace in more than 6 years in the third quarter of this year.They jumped 2.5% compared to the previous three months and some consultants say, buying activity has finally flowed into the mass market. Meanwhile, HDB prices fell by a marginal 0.2% in the third quarter. Flash estimates out on Monday from the Urban Redevelopment Authority show that...
Serviced apartment operators in Singapore are in talks with authorities to waive a minimum stay period that stops them from competing head-to-head with hotels. This is according to Ascott Group, the largest serviced apartment player in Asia. The comment came as Ascott unveiled details of three new projects here in Singapore. Currently, serviced apartment operators in Singapore are not allowed to rent...
Customers will soon be able to buy, sell and rent residential and commercial properties at the post office.SingPost has signed an agreement with ERA Realty Network to provide a one-stop service to customers looking to sell, buy or rent public and private homes and commercial properties. It will initially be offered at three of its post offices in Ang Mo Kio, Marine Parade and Toa Payoh from October...
CapitaLand has acquired Silver Tower on Orchard Road in a collective sale for S$161m. It plans to build a luxurious 20-storey condominium with 100 apartments on the freehold site.CapitaLand's purchase works out to S$1,107 per square foot per plot ratio.This includes an estimated development charge of S$16.5m. Silver Tower sits on a 57,200 square feet area with a gross plot ratio of 2.8. There are...
Ardmore II, two distinctive towers in perfect union on prime freehold land, creating a desirable development in Ardmore Park - located in Singapore’s prestigious residential district. This freehold development is a stone's throw away from the bustling Orchard Rd, bringing convenience to a much higher league altogether. Serenity is rediscovered amidst the greenery portrait in the Orange Grove area. Right...
Vida is an exclusive, high-end development with a prestigious address at Peck Hay and Cairnhill Rise, near the shopping paradise of Orchard Road. A freehold development, Vida commands a sleek modernistic design with a water court at its entrance. Targeted at the young high net-worth individuals and couples, Vida will have beautifully designed homes with a trendy, cosmopolitan influence. Each home will...