Developers shift focus to affordability, say NG WEI EN and CHUA CHOR HOON LAST year saw the second highest volume of private residential transactions in history, with the 30,830 caveats lodged falling short only of the 37,304 recorded in the 2007 boom. A combination of factors helped to boost demand for residential property. These were pent-up demand from those who had missed out on the previous boom,...
Mass-market Homes
Rents in Singapore's prime residential sector are expected to ease further. According to consultants Jones Lang LaSalle, it's expecting to see a 4.5 per cent contraction for the whole year. It has already weakened by two per cent year to date. In its mid-year review on the Singapore property market, Jones Lang LaSalle also notes an easing in the resale prices of luxury projects in the prime...
Prices of mass market and mid-tier condominiums are expected to remain strong this year. But those of high-end residential properties could taper off by up to 10 per cent. And if you’re looking to buy, the market is in your favour, according to Propnex’s CEO, Mohamed Ismail Abdul Gafoore, in a speech to alumni members at the National University of Singapore. Despite the weaker market sentiments,...
The recovery in mass market property sales in Singapore started as far back as a year ago. According to consultant CB Richard Ellis, this debunks the notion that the recovery for mass market projects has trailed the high-end market until the last few months. But, even with sales rising for some 12 months, CBRE’s research has found that prices only started edging up in the last six months. The study...
Despite signs that sentiment has been weighed down by global credit woes, property consultants are still keeping to a bullish outlook for the Singapore property market. They are expecting to see further upside in prices of as much as 50 percent over the next 6 to 18 months. This is despite the industry taking a slight breather and a general cautionary mood among investors due to the US sub-prime mortgage...
Amidst a private residential enclave lies a mesmerising blend of contemporary sensibility with the essence of tranquility - Casa Merah. With 556 distinctive units in twelve 11/12-storey blocks, the clean lines of its façade harmonise with splendid bodies of water. Residents will savour panoramic vistas and enjoy unique water landscapes at their doorsteps. Conveniently located right next to the Tanah...
WITH the buying frenzy for high-end apartments still fresh in memory, property developers now seem ready to cash in on the hype, with two of them poised to test the waters of mass market condominiums. This weekend, NTUC Choice Homes is set to preview YewTee Residences, while Frasers Centrepoint Homes is officially unveiling the ClementiWoods Condominium. Both these 99-year leasehold developments will...