Sales of new private homes in Singapore declined by about 25.7 per cent to 1,948 units in October, from 2,621 units in September, according to data released by the Urban Redevelopment Authority (URA). URA said October's sales were led by the mass market segment which sold a total of 1,482 units. Meanwhile, 144 new homes in the core central region and 322 new units in the city fringe were sold. The top...
real-estate
To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) are releasing four sites for sale in November 2012. The two land parcels at Jurong West Street 41 and Ang Mo Kio Avenue 2 are launched for sale today under the Confirmed List. In addition, Parcel B at Jurong West Street 41 is also made available...
Spottiswoode Suites - a upcoming freehold luxury condominium at Spottiswoode Park Road is located in prime Tanjong Pagar Central Business District (CBD). Rising up to 36-storeys, residents can enjoy a unblock panoramic view of the sea and city. Spottiswoode Suites is within minutes walk to Outram Park MRT and it is in close proximity to the Central Business District, Vivocity, Sentosa, Marina Bay Sands,...
S$3 billion mixed development property is set to vastly alter the Bugis skyline over the next few years. Named DUO, the property will comprise residences, offices, hotel and retail space. Its developer, M+S, jointly owned by Malaysia's Khazanah Nasional and Temasek Holdings, unveiled the design of the project on Wednesday. By 2017, two new towers will be added to the Bugis skyline. Enclosed in a...
Singapore real estate company CapitaLand has said its growth in China remains on track amid slowing economy and leadership transition in the country. It still expects China to account for 45 per cent of the company's assets in the next three to five years. CapitaLand's outgoing CEO Liew Mun Leong said the company is also in a good position to compete with state-owned enterprises in China. Lim Ming Yan...
The total number of private residential properties bought was about 22,000 in the first half of 2012, as compared to 19,000 in the first half of 2011 and 17,000 in the second half of 2011. National Development Minister Khaw Boon Wan said this in a written parliamentary response to a question by MP for Pasir Ris-Punggol GRC, Gan Thiam Poh. He said cooling measures introduced in January last year aimed to...
Singapore Real Estate Investment Trusts (S-REITs) have outperformed the STI significantly as at end-October this year. And some investors are expecting the good run to continue, driven by capital inflows from stimulus measures in the US. But some analysts warn that the performance of S-REITs may have peaked. Market volatility and economic uncertainties are expected to continue to drive demand for REITS...
The rental yield for non-landed private property went down by 0.2 percentage points in the last 10 months, compared to the same period last year. According to statistics from the Singapore Real Estate Exchange (SRX), this brings the rental yield to 4.03 per cent. This is even though average rental rose by two per cent in the first 10 months, to reach about S$3.80 per square foot. In October alone, the...
Resale home prices of both non-landed private residential units and HDB flats continued to climb in October against the third quarter 2012. Data released by the Singapore Real Estate Exchange (SRX) showed that the unit resale price for non-landed private residential rose 4.1 percent in October to $1,209 per square foot. SRX compiles data from 11 top property agencies in Singapore. The report found that...
Two blocks of flats at Spooner Road that previously housed the Malayan Railway staff are now available for some interim use. Writing on his Facebook page, National Development Minister Khaw Boon Wan said the termination of the Malayan Rail at Woodlands had a surprising outcome for the Housing and Development Board (HDB). Mr Khaw described it as "a pleasant surprise". There are 318 units in the two blocks...