The Urban Redevelopment Authority (URA) launched a residential site at Alexandra View for sale by public tender on Wednesday. The 99-year leasehold site was made available for sale through the Reserve List System on 26 September 2012. Under the Reserve List System, a site will only be put up for tender if the developer's minimum bid price is acceptable to the government. URA said a developer has...
real-estate
Public housing flats built under the Design, Build and Sell Scheme (DBSS) appear to have fallen out of favour with home buyers in recent months. Analysts say there are about 1,000 units of unsold DBSS flats and sales could slow as a result of the large pipeline of new Build-To-Order flats (BTO) and executive condominiums (EC). But they say DBSS flats will enjoy healthy capital gains going forward. These...
New private homes typically cost 20 percent more than resale homes, but analysts say this price gap has since narrowed. Entering into the fourth quarter, new private developments now command just a four percent premium over resale private units, according to data compiled by the Singapore Real Estate Exchange (SRX) which collates transactions by major property agencies accounting for 80 percent of the...
Singapore developer Capitaland plans to launch its first value housing project in China in the next few weeks. This will be the company's maiden foray into the middle-income mass housing market and it is expected to be the next driver of growth for the property firm in China. When CapitaLand China released its first high-end homes in Hangzhou for sale last month, some 100 units were snapped up in two...
Former Minister Mentor Lee Kuan Yew said public housing has to keep up with the rising aspirations of Singaporeans and that the facilities and design of older estates should also not fall behind newer ones. Mr Lee was speaking at a tree planting event at Havelock View on Sunday. Many residents of Havelock View turned up to welcome Mr Lee Kuan Yew who was there as part of the Tree Planting day...
The startling headline this week on the front page of a newspaper pointed to more than 100,000 private housing units in the pipeline as at the end of the third quarter, a record high since data was collected more than a decade ago. The number included private housing supply of 83,975 units, 9,824 Executive Condominiums and an estimated 10,070 units that will be developed from sites sold or slated for...
Hong Kong may take further measures to control runaway property prices but the Asian financial centre is likely to avoid steps such as a capital gains tax which would be complicated, Hong Kong's leader, Leung Chun-ying, said on Thursday. Mr Leung's government imposed a 15 per cent tax on non-resident and corporate buyers of property late last week and speculation has been rife that further curbs will be...
Grade A offices in areas like Shenton Way and Raffles Place are now looking more attractive to Singapore firms. Experts said companies are taking advantage of cheaper rentals, as well as more space made available by large multi-national firms moving into the Marina Bay Financial District. IT marketing firm Sapient said they struck a pretty good deal for their current space at Cecil Street. After...
JTC Corporation on Wednesday launched the sale of three industrial land parcels for public tender. The sites are located at Woodlands Avenue 10 and Tuas South Street 8. Measuring 1.07 hectares, the plot off Woodlands Avenue 10 has a lease term of 30 years and a maximum permissible gross plot ratio of 2.5. Tan Boon Leong, executive director for industrial services at Colliers International said the site...
While Singapore’s residential leasing market cooled in September, leasing volume and median rents for Q3 still peaked at record highs, according to data from the Urban Redevelopment Authority (URA) and Savills Research & Consultancy. Last quarter, leasing volume hit a new historical high of 14,029 leases, surpassing the previous record of 13,028 in Q3 2011. With 37,668 leases already transacted in...