Of the 262 units released at the 99-year leasehold eCO in Bedok South Avenue 3, over 220 were snapped up on the first day of its preview, according to The Business Times. Units at the 748-unit development were selling at S$1,250 psf on average, said marketing agents. Around 95 percent of the buyers are Singaporeans and permanent residents (PRs). Those who committed to buy units on the first day were...
real-estate
The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the White site at Thomson Road / Irrawaddy Road for sale by public tender. The land parcel was made available for sale through the Reserve List system on 30 November 2011. URA has received an application from a developer for the site to be put up for public tender. The developer has...
The overall property price index grew 0.4 percent in Q2 2012 following a 0.1 percent decline in Q1, according to data from the Urban Redevelopment Authority (URA). This was mainly attributed to strong recovery of completed non-landed property prices, which was up 2.3 percent. However, prices of uncompleted non-landed homes slipped 0.9 percent in Q2, indicating a moderation of current high prices as the...
The Urban Redevelopment Authority (URA) closed the tender for the residential site at Dairy Farm Road today. The site at Dairy Farm Road was launched for sale by public tender on 23 July 2012. The 188,861-sq-ft site has a maximum gross floor area of 396,618 sq ft and is expected to yield 390 condominiums or flats. A total of 9 bids were offered for the 99-year lease site. The top bid comes from First...
Singapore could introduce a new round of property measures to curb home prices following the US government’s third round of quantitative easing (QE3) that is expected to drive a fresh wave of capital into the city-state, according to The Business Times. The decision by the Federal Reserve to inject US$40 billion into the US economy each month until sustained job growth is achieved may be seen as good...
Green Lodge at Toh Tuck Road has been sold for S$191.888 million, becoming the biggest en bloc sale so far this year, according to The Business Times. Located off Jalan Jurong Kechil in Upper Bukit Timah, the property has a land area of 151,075 sq ft and could be developed into a five-storey condominium under the 2008 Master Plan. With a plot ratio of 1.4, the purchase price translates to S$907 psf...
Demand for new private homes fell in August after recording a strong rebound in July. According to data released by the Urban Redevelopment Authority (URA), 1,421 units of new homes were sold in August, excluding Executive Condominiums (ECs). This was a 27 per cent drop from July's sales. The best seller for August was One Dusun Residences in Balestier. Buyers snapped up 153 units of the 154 units...
The Hong Kong Monetary Authority (HKMA) said yesterday it has ordered banks to toughen lending requirements for borrowers with more than one mortgage on residential property, in a bid to prevent the city from being flooded with "hot money" after the United States announced an aggressive new stimulus plan to spur growth. Hong Kong's de facto central bank also said it had restricted the maximum length for...
Singapore's Fraser and Neave has agreed to sell its 56.05 per cent stake in Frasers Property (China) for S$261 million to a unit of Shanghai-listed Gemdale Corporation, as it streamlines its property business in China. Source : Today - 14 Sep...
Real estate management firm ARA Asset Management (ARA) has received approval from the Singapore Exchange (SGX) to list a yuan-denominated real estate investment trust (REIT) in the city state. The Dynasty Real Estate Investment Trust (Dynasty REIT) will be the first share sale in Singapore to be denominated in the Chinese currency. It will also be the second initial public offering (IPO) denominated in...