Knight Frank Singapore, the exclusive marketing agent representing the interests of the owners of Chancery Esquire, has announced the launch of the sale of Chancery Esquire, an exclusive freehold residential redevelopment site along Chancery Lane, by tender. Chancery Esquire is a private residential estate comprising a block of 31 apartment units ranging from 84 sq m to 158 sq m, and has a site area of...

The possibility of the Government introducing tightening measures to cool the property market "cannot be discounted", said DBS chief executive officer Piyush Gupta who noted that certain government agencies are "getting nervous" about the situation. Speaking on Thursday (July 5) at a luncheon on the bank's market outlook for the second half of the year, Mr Gupta was referring to the previous day's...

Eleven years after its failed attempt at a collective sale, condominium development Horizon Towers is on the market again at a reserve price of S$1.1 billion. The reserve price translates to S$1,964 per sq ft per plot ratio, and is more than double the S$500 million deal in 2007 with a consortium led by Hotel Properties that eventually fell through. The 99-year leasehold condominium at Leonie Hill...

The Monetary Authority of Singapore (MAS) managing director Ravi Menon has advised developers, home buyers and banks to exercise caution amid “euphoria” in the current property market. Mr Menon said that while the recovery seen over the past few quarters is welcomed, the rise in property prices should be in line with economic fundamentals and not get ahead of income growth. “There is euphoria...

Home prices are regaining the ground they lost since values started slipping five years ago with figures out yesterday underlining the buoyant market. The gains have been so robust that analysts are tipping that prices could hit a new peak by the end of the year. Their optimism stems from flash estimates showing that private residential values rose 3.4 per cent in the three months to June 30 - the...

Safra Mount Faber is to undergo a facelift by mid-2019, complete with new facilities such as a dedicated co-working space. The four-storey lifestyle club in Telok Blangah Way will begin enhancement works in late July. Several entertainment facilities and food outlets at the club will be closed from July 9 in preparation for the enhancement works. The new club will feature an industrial chic look,...

Nestled in an idyllic location in Sembawang, in the northern part of Singapore, Kandis Residence is a condominium development located in a serene neighbourhood of low-rise landed housing. In order to portray sensory space, Kandis Residence is designed with a cascading water feature, glistening lap pool, inviting sunning lawn as well as inter-block courtyards and landscaped walkways. Rooms also are...

Private home prices jumped to the highest in four years, based on flash estimates from the Urban Redevelopment Authority (URA) released on Monday (July 2). URA data showed that prices went up 3.4 per cent between April and June, following a 3.9 per cent increase in the previous quarter. Overall, the private residential property index increased 4.9 points from 144.1 points in the first quarter to 149...

Private home prices rose to its highest point in four years in the April to June quarter as transactions and new launches increased and liquidity from en bloc sales flowed into the market, with analysts predicting that prices could recover to 2013 peak levels soon. The price index for private residential property rose by 3.4 per cent to 149 points in the second quarter, extending a 3.9 per cent increase...

The supply of new flats will be “reduced slightly”, the Housing and Development Board (HDB) said on Monday (Jul 2) in its flash estimate of resale prices for the second quarter. Resale prices for flats inched up 0.1 per cent in the March to June period compared to the previous quarter, with the Resale Price Index (RPI) coming in at 131.7. The index provides information on the general price...