Prices of freehold landed housing in Singapore's prime districts have surged 5.1 per cent in the fourth quarter from the previous three months, compared to growth of 2 per cent in the third quarter. The average price of landed homes in the prime districts in the fourth quarter stands at $1,693 psf, property consultant DTZ said yesterday. Outside the prime districts, landed prices are up by 4.3 per cent to...
Landed Property
The landed residential sector has been a consistent star performer over the last year or so. It is a sector that has powered on even after the Government exercised round after round of property market cooling measures. The optimism was also evident in the keen interest from developers in the recent government-released landed housing plots for Phase 3 of Sembawang Greenvale. Within this premium landed...
Good Class Bungalow (GCB) deals in Singapore hit $1.85 billion year-to-date, an increase of 7.3 percent from the $1.72 billion deals recorded last year, according to CB Richard Ellis. Also, at least $100 million worth of GCB deals are expected to be exercised before the year ends. The $1.85 billion worth of GCB deals so far this year includes 101 transactions, slightly lower that the 109 GCBs sold in...
Analysts have said MediaCorp's move to its new premises at Mediapolis@one-north in 2015 will likely see the existing Caldecott Broadcast Centre campus turned into high-class bungalows. MediaCorp's move was announced on Wednesday morning by Information, Communications and the Arts Minister Lui Tuck Yew at the Asia Television Forum. Analysts said it is likely that the seven-hectare property at the corner...
Top CEOs and foreign expatriates with deep pockets can expect to fork out about 15 per cent more in monthly rent to live in a black and white bungalow at Mount Pleasant. This according to analysts contacted by Channel News Asia after the master tenancy for the 33 colonial bungalows was awarded to The Ascott, CapitaLand's wholly-owned serviced-residence unit. This is despite Ascott submitting only the...
CapitaLand's subsidiary, The Ascott Limited, said it has been awarded the master tenancy of 33 Black and White residential bungalows at Mount Pleasant. The Ascott had submitted to the Singapore Land Authority the third highest bid of S$435,000 per month. It beat LHN Group's bid of S$510,009 per month and Atbara Holdings' bid of S$450,000. The colonial bungalows are offered for an initial tenancy period...
Changes to the Residential Property Act were passed in Parliament on Monday. It restricts foreign ownership of landed residential properties, including strata landed housing and land meant for residential development. To prevent speculation, approved purchasers are allowed to buy only one property, which cannot be sold within the initial period of three years. Approved purchasers are also required to...
Judging from present trends, the landed segment appears to be headed for new highs Six weeks ago, this paper featured my article, Quest for landed property picks up. In it, I touched on the growing scarcity of landed properties in Singapore and its impact on demand and prices. We observed how landed property prices outperformed non-landed prices during this market upturn. Landed home prices rose 43.2 per...
Good-class bungalow (GCB) owners are cashing in on escalating property prices. A CB Richard Ellis (CBRE) analysis of Urban Redevelopment Authority (URA) Realis caveats shows that GCBs are netting bumper profits for owners who have seen average per sq ft (psf) prices rise almost 30 per cent over the past year. Some have taken to buying and selling their GCBs within a period of less than two years. At...
There are no signs of cooling in the private property market as some 150 developers bid aggressively for the 14 land parcels at Sembawang Greenvale. This is the last phase of the sale at the Sembawang estate. The first two phases - Phase 1 and Phase 2 of Sembawang Greenvale - were sold in October 2007 and April 2008. This is the first time since April 2008 that the Urban Redevelopment Authority is...