A new record price psf of land area has been set after a Sentosa Cove bungalow was sold for S$32.5 million, or S$3,214 psf on the land area of 10,111 sq ft. The Ocean Drive property was reportedly bought by a Malaysian citizen from a Singaporean investor, noted The Business Times. This latest deal breaks the record set by another Sentosa Cove home sold for S$28.2 million, or S$2,989 psf on a land area of...
real-estate
CapitaLand said yesterday its third-quarter net profit rose 85 per cent due to higher operating income and one-time gains from asset sales, mainly in its key Singapore and China markets. South-east Asia's largest property developer by market value also reiterated its confidence in those two countries, pledging new investments there while playing down the impact from slowing economic growth and recent...
The recent property cooling measures introduced in Hong Kong will not have an impact on Singapore property prices. Experts said foreign property investors are unlikely to switch their portfolio from Hong Kong to Singapore. Besides being leading international financial centres, both Singapore and Hong Kong hold some of the world's most expensive homes. Hong Kong tops the list, according to research from...
Prices reach new high but market watchers believe Govt curbs will have impact Private home prices rose at a faster pace than initially estimated to hit a new all-time high in the third quarter, boosted by the strong response to new launches last month, but analysts say the market has stabilised amid expectations the Government will impose more curbs if these are necessary to forestall the impact of hot...
The number of private homes in Singapore purchased by mainland Chinese during the first three quarters of this year plummeted by 48 percent from the same period in 2011, reported The Business Times. According to Knight Frank’s analysis of caveats data from URA Realis, China nationals bought just 1,066 units in the first nine months, an almost 50 percent drop from the 2,046 units seen during the same...
Singapore's private home prices in the third quarter rose 0.6 per cent from the previous quarter. This is the highest rate of increase this year compared to the 0.1-per cent drop in the first quarter and the 0.4-per cent increase in the second quarter. It was also higher than the flash estimate of 0.5 per cent released earlier this month. Meanwhile, resale prices of Housing & Development Board (HDB)...
Although it is still early days, many property market watchers are coming to the conclusion that the latest round of Government cooling measures - curbing the tenures of home loans - is having little or no impact. Some have described them as "very disappointing". Even the knee-jerk reaction that accompanied the previous rounds of cooling measures was missing. Show flats were packed the day after the Oct...
Neptune Orient Lines has sold its head office, the NOL Building at 456 Alexandra Road, to the Fragrance Group for S$380 million. It is the largest sale of a decentralised single commercial asset in Singapore this year, said Jones Lang LaSalle which brokered the sale to Fragrance Regal Pte Ltd. NOL said in a statement to Singapore Exchange the divestment will enable it to "release capital for strategic...
Sky Green condominium, located along MacPherson Road, has seen strong buying demand. About 80 percent of the 176 units available at the freehold development have been sold during its soft launch, according to the consortium behind the project. The consortium comprises Heeton Holdings, KSH Holdings, TEE International and Zap Piling. In a statement, the consortium said the units were sold at an average...
515 units out of the 603 units released at eCO condominium project have been sold within a month. They were launched for sale on September 22. The 748-unit development, located at Bedok South is a joint venture between Far East Organization, Frasers Centrepoint and Sekisui House. The developers said all 240 two- and three-bedroom condominium units have been sold out. Meanwhile, about half of the SOHO...