The Singapore Land Authority (SLA) has launched a tender for 33 black and white bungalows at Mount Pleasant. These colonial bungalows are approved for residential use. They will be offered for an initial tenancy period of three years with an option to renew for two more three-year terms. The units have a gross floor area (GFA) ranging from about 200 to 1,100 square metres and a land area ranging from...
Landed Property
$13.6 million sale price is well below estimated valuation of $17 million A LUXURY bungalow in Sentosa Cove with a grim past has been sold for $13.6 million - a bargain price, well below its valuation. A caveat has just been lodged for the sale of the three-storey bungalow in Ocean Drive where Chinese national Li Hong Yan's naked body was found floating in a pool in March. The 8,051 sq ft property was...
But acquisitions of private apartments and condos slip 7.4% in Q2 Foreigners including permanent residents bought 81 landed homes in Singapore in the second quarter of this year, up from 69 in Q1. And the Q2 figure is the strongest quarterly showing since Q2 2007, according to Knight Frank's analysis of URA Realis caveats information up to July 30. District 15, which includes Katong, Telok Kurau and East...
Sales in first half pass $1b mark, and demand unlikely to flag: Report THE priciest homes just keep getting pricier, with the values of upmarket, prime-area bungalows rocketing this year, and sales totalling more than $1 billion in the first six months. And just to underline the boom in what are called 'good class bungalows', a Nassim Road house sold in April for $43.5 million, that is $1,800 psf and...
Landed homes in Opera Estate have increasingly breached the $1,000 psf level this year. Of the 16 transactions worth more than $1,000 psf from May 1997 to May 2010, half were carried out this year, according to caveats lodged with URA Realis. The peak of $1,301 psf was hit when a terraced house at Taman Siglap Road was sold for $2.1 million in February. Opera Estate is located near the Bedok MRT station...
Top-end home sells defines gravity in a cautious property market AMID the caution that has crept into the market for mainstream condos since last month, a record price has been set for a top-end bungalow on Sentosa Cove. The property at Paradise Island changed hands in the resale market for $36 million or $2,403 per square foot on land area last month. In terms of both, the absolute amount and unit land...
HOME buyers and investors keen on getting a cluster house may soon find themselves with an increasingly limited pool of new choices to select from. This is because the number of new cluster-housing launches looks set to fall after this year, following a recent change in Government regulations, say property experts. In the new ruling, which came into effect last February, the Government stipulated a cap...
Demand for landed homes in Singapore is expected to remain firm this year. Analysts said the number of sales transactions is likely to surpass the 2,892 units sold last year. Over 1,500 landed homes, excluding good class bungalows, changed hands in the first quarter of this year alone. They were worth about S$3.2 billion, compared with S$5.2 billion for the whole of 2009. The debt crisis in Greece has...
The Mountbatten area has seen transactions of landed homes pick up pace in recent months, with a couple of bungalows on Branksome Road, Wilkinson Road and, most recently, Ramsgate Road changing hands at prices above $1,000 psf since the start of the year. Bungalows in the Mountbatten area are very much sought after,” says William Wong, managing director of RealStar Premier Property, who specialises in...
Developer Link Prestige Homes is launching its Link Residence@Holland development this weekend. This is the firm's maiden cluster housing project. The development is a collection of 14 houses of sizes ranging from 5,000 to 7,000 square feet each. Average selling prices are about S$1,185 per square foot. Link Residence@Holland, situated along Greenleaf Road, is close to schools, including the National...