DEVELOPERS have sold 2,344 private homes excluding executive condos (ECs) in the second quarter of this year based on preliminary figures from the Urban Redevelopment Authority (URA) released on Friday. URA will issue its final numbers for Q2 2016 later this month. The 2,344 private housing unit sales for Q2 is 65.2 per cent higher than the 1,419 private homes that developers moved in the first quarter...
developer sales
DEVELOPERS' sales of private homes surged to a 10-month high last month on the back of new launches Gem Residences and Stars of Kovan and steady sales in projects released earlier. Sales are expected to moderate this month, assuming there are no new launches. However, things should pick up again in July, when developers of at least one private condo and two executive condo (EC) projects are expected to...
Wing Tai has sold another apartment at its freehold Le Nouvel Ardmore condominium. The seventh floor unit is being sold for S$21 million, which works out to S$4,006 per square foot based on the strata area of 5,242 sq ft (inclusive of 280 sq ft of strata void area). The buyer is believed to be Trihatma Kusuma Haliman, who controls Indonesian property group Agung Podomoro Land, which has been making...
OF the many innovative features for GEM Residences that its developers came up with, one particular scheme has ruffled the feathers of the housing regulator. BT understands that under a "specimen cheque scheme", the joint developers - Gamuda, Maxdin, and Evia Real Estate - issued cheques of S$7,500 or S$10,000 to prospective buyers who then submitted these for expressions of interest. The buyers could...
Located in the same vicinity as some of Singapore’s most prestigious addresses. Minutes from the CBD, the hotbed of top banking institutions, global conglomerates and corporate giants, Forte Suites is truly a place where extravagance is more a norm, than an exception. A mere 7 minutes drive from Orchard Road’s sensational fashion and entertainment scene, Forte Suites is right in the heart of the...
Sales of new private homes fell 11.6 per cent in April despite more property units being launched. Excluding executive condominiums (ECs), property developers sold 745 units last month compared with the 843 units sold in March, data from the Urban Redevelopment Authority (URA) showed on Monday (May 16). Including ECs, 1,291 units were sold, down from March's 1,328 units. Excluding ECs, 900 units were...
CHEUNG Kong Property Holdings, which is developing private condominium project Stars of Kovan, has released a lower average pricing of S$1,417 per square foot (psf) for the first batch of units to be released for sale this weekend. This represents a larger-than-expected drop from the indicated prices released earlier, and comes on the heels of the full price-list released by the developers of GEM...
Kallang Riverside is a luxrious freehold mixed development @ the Greater Marina Bay District. Besides being conveniently linked to the New Sports Hub, URA Master Plan 2013 had outlined the Major Transformation Plan of the area which consists of 64-ha Waterfront Precinct of 4,000 new residential homes, 3,000 prime waterfront hotel rooms and approximately 400,000sqm of offices, retail & entertainment...
The launches of two residential projects over the long weekend were met with muted response, with the Parc Life executive condominium (EC) project in Sembawang by Frasers Centrepoint Limited (FCL) and Keong Hong Holdings selling over 50 units of the total 628 units as at Monday. This translates to a take-up rate of 8 per cent, despite the developers throwing in S$3,000 worth of Frasers shopping mall...
KEPPEL Land (KepLand) is launching its Highline Residences on April 30, with a new block which has 60 units released for sale. The developer had previously sold about 86 per cent of the 210 released units at private events held for registered prospects. In September last year, KepLand said home buyers had picked up more than 80 per cent of the first 160 units released at its closed-door sales at an...