This paradox arises mainly from pent-up demand from buyers who have delayed their purchasing decision since the cooling measures of 2013, property consultants said. But the state of the economy and its impact on the labour market is a wild card. The uncertainty has clouded the reading on price directions for next year; analysts expect private home prices to slip further by as much as 3 per cent or to...
Despite seeing a challenging outlook ahead for the private residential market, many developers are still keen to replenish their land bank, albeit in a selective fashion. Sim Lian Group, which sold the most number of residential units among developers this year, is actively looking at both the government land sales (GLS) programme and enbloc properties to replenish its land bank, its executive director...
RESALE prices of Housing & Development Board (HDB) flats rose 0.2 per cent in November 2016 compared to a month ago, the SRX Property Price Index on Thursday showed. Prices for all HDB flats except executive units were up. From a year ago, prices have fallen 0.7 per cent. Prices are also down 11.3 per cent since the peak in April 2013. Resale volume fell 5.3 per cent in November 2016 from a month ago...
West Coast Vale, the newly released residential site under the government land sales (GLS) programme may see warm interest from developers on the back of improved sentiment and a lack of available development sites, some property consultants say. There are also others who believe that the slow take-up at nearby Parc Riviera condominium project by EL Development, which was launched last month, may serve...
MCL Land has emerged the top bidder for the residential land parcel at Margaret Drive with a bid price of S$238.39 million, pitting against 13 other bidders. This translates to S$997.85 per square foot per plot ratio (psf ppr) based on the maximum gross floor area of the site, which is big enough for 275 homes. The 99-year leasehold site is nestled within an established residential enclave near the...
OXLEY Holdings will invest A$32 million (S$33 million) for a 40 per cent stake in an Australian property and construction company. Announcing this in a filing to Singapore Exchange before market opened on Tuesday, the mainboard-listed real estate developer said it intends to purchase a 40 per cent stake in Pindan Group, a four-decade-old privately owned property and construction company based in Western...
Ascendas REIT (A-REIT) has proposed to acquire the leasehold interest in the property located at 12, 14 and 16 Science Park Drive from its sponsor. The property comprises three built-to-suit Science Park buildings held under a single land title. Two of the buildings are leased to DSO National Laboratories, Singapore’s national defence research & development organisation, while the third building is...
HOME sales rose by one per cent quarter-on-quarter to 4,596 units in the three months to September, led by a stronger showing in the resale market, according to a report by Edmund Tie & Company Research. The resale market saw a 15.7 per cent increase in sales in the third quarter, while primary home sales fell 13.2 per cent due to slower sales in August. Despite this upward trend in transaction...
TWO freehold Good Class Bungalow (GCB) transactions in District 10 are in motion - one on White House Park near the Botanic Gardens and the other tucked away on Ewart Park off Holland Road. The bungalow on White House Park is being sold at S$25.5 million, which translates to S$1,686 per square foot based on the land area of 15,125 square feet. The bungalow has five bedrooms, a pool and enough parking...
HONG KONG-BASED Phoenix Property Investors, a private equity real estate firm with assets managed and under management in Asia of over US$6.7 billion, is looking to increase investments in South-east Asia property markets including Singapore. "The company is expanding its investment footprint from North Asia, particularly Hong Kong, Japan and China, to the South-east Asia region," Phoenix said in a news...