The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Tanah Merah Kechil Road to Fragrance Group Limited and World Class Land Pte Ltd. The companies submitted the highest bid in the tender for the site at S$285.215 million. This also translates to S$676 per square foot per plot ratio (psf ppr). The tender for the residential site was launched on 20 June 2012 and...
real-estate
The Monetary Authority of Singapore (MAS) says banks are not allowed to approve home loans at temporary locations, whether in-principle, verbal or in writing. MAS says while the regulator's rules allow banks to set up a temporary location at a property launch site to receive applications for residential property loans, the loan must be approved or rejected at the bank's branch. A spokesperson said a...
In the private residential market, developer sales continued to slow down in June, when only 1,371 new homes were sold. The Urban Redevelopment Authority's (URA) price index for the second quarter also showed that prices of uncompleted non-landed private homes fell by 0.9 per cent from the previous quarter, while those for completed non-landed private homes increased by 2.3 per cent. The slowdown in...
Potential home buyers who are visiting showflats can now receive an instant decision on their home loan application on-site under a new service introduced by United Overseas Bank (UOB) on Thursday. UOB said home buyers will be able to find out the status of their loan application as soon as they finish keying in their personal and financial details into UOB's automated approval system, which can be...
An approximately 56 percent stake in the Southbank SOHO block is up for sale by Expression of Interest (EOI) with an asking price of S$63 million or S$1,812 psf, according to marketing agent CBRE. The Southbank mixed development comprises a 40-storey residential block with 197 units and a 20-storey SOHO block with 60 units and 16 retail shops on the first floor. With a combined strata area of 34,740 sq...
The average home price in China's 100 major cities edged up in July for the second consecutive month, reinforcing signs of a recovery in the property market even as the government seeks to spur broader economic growth, a private sector survey showed on Wednesday. The average price of 8,717 yuan (S$1,700) per square metre in the 100 cities surveyed was 0.33 per cent higher than June, accelerating from...
House prices in Australia's major cities recorded a surprise increase last quarter, the first in more than a year and perhaps an early sign that recent cuts in interest rates are stabilising demand in what has been a very subdued market. Wednesday's figures from the government showed prices for established houses in the major cities rose 0.5 per cent in the second quarter. The first quarter was also...
British house prices fell at their fastest annual pace in nearly three years last month, data from mortgage lender Nationwide showed on Wednesday, as the effects of nine months of recession spread further across the economy. Nationwide reported a 0.7 per cent decline in house prices in July. Prices are now 2.6 per cent lower than a year ago - their biggest annual fall since August 2009. Britain's economy...
Property heavyweight CapitaLand saw its net profit slipped 3.3 per cent on-year in the second quarter to S$385.9 million on the back of higher finance costs and lower fair-value gains. This, even though CapitaLand sold more homes both in Singapore and China during the quarter. Revenue grew 16.5 per cent on-quarter to S$862.4m. The company said it sold 41 units of D'leedon, 125 units of Sky Habitat and 27...
RiverSails is located at Upper Serangoon Crescent / Upper Serangoon Road. It is minutes away from Buangkok MRT & Hougang MRT, and shopping malls such as Sengkang Plaza Shopping Mall, Hougang Mall, Hougang Plaza and Hougang Town Central. With a site area spanning spaciously over 265,012 sqft, RiverSails gives one much room and various facilities to enjoy and relax. Residents can also opt to enjoy a...