Developers are starting to launch new projects in Singapore, following a quiet start to 2016. And while there is an underlying demand for homes, one analyst said developers must keep prices relatively low to attract buyers. CapitaLand’s Cairnhill Nine is one of the latest projects to be unveiled on Tuesday (Feb 23). The integrated development, a 268-unit residential tower, is part of the same complex...
new launches
Sales of private homes fell 16 per cent in January from the previous month as developers scaled back property launches. Excluding executive condominiums (ECs), developers sold 322 new units last month, down from the 384 units sold in December, data from the Urban Redevelopment Authority showed on Monday (Feb 15). Including ECs, 478 new units were sold last month, down from 508 units. The fall in...
Residential property developers have been holding back on property launches, with a few opting to delay by one or two months, according to property watchers. They attribute this to developers being conscious of poor market sentiment amid economic uncertainty. The first residential property launch for 2016 is expected to be WanderVale, an executive condominium (EC) in Choa Chu Kang with 534...
Developers sold a total of 759 private residential units in November, a 39 per cent uptick from 548 units sold in October and representing a 79 per cent jump from a year ago. The top selling project last month was MCC Land's The Poiz Residences in Potong Pasir that was launched during the last weekend of November and sold 277 units at a median price of S$1,440 per square foot (psf). This was followed...
MCC LAND will be releasing close to half of the 731 units in its new private condominium project The Poiz Residences during its sales launch on Nov 28. Sources told BT that the group has fixed the pricing for the initial units at an average S$1,380 per square foot (psf). The project on Meyappa Chettiar Road forms part of a mixed-use development that includes retail component The Poiz Centre, which will...
Sales of new private homes jumped 60.1 per cent last month. Excluding executive condominiums (ECs), developers of private homes sold 546 units in October, up from the 341 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). The rise in sales came as developers launched 434 units last month, an 11 per cent increase from the 391 units launched the...
A condominium and a mall in Potong Pasir will have their names changed after their proposed names – The Andrew Residences and The Andrew Village – raised the ire of some members of St Andrew’s alumni. Channel NewsAsia understands that the developer, MCC Land, has submitted the new names to the authorities and is waiting for approval, which could come as early as Thursday (Oct 29) or...
The move into your home at Amber Skye will transform the way you think about urban living. Located at the intersection of Tanjong Katong Road and Amber, this sought after condominium offers 109 lucky homeowners to make 1 Amber Road their address. Spreading over 40,708 square feet, Amber Skye will be in great company amongst the likes of 16 @ Amber and King’s Mansion. Your address at Amber Skye is an...
The languid private home market will see its first major launch since July when property giant UOL showcases its 663-unit Principal Garden condominium project at Prince Charles Crescent next week. Market watchers have said that the response will help developers gauge buyer interest and decide when to release projects in the pipeline. The last big condo project, High Park Residences, which is in...