Brisk sales by developers for private homes continued last week. In the CBD, United Industrial Corporation (UIC) is said to have moved close to 50 units at its V on Shenton project, taking total sales in the project to over 140 units. The 54-storey tower was launched on 20 July with 190 out of its 510 units released. Apartments at the 99-year leasehold project are being sold at an average price of S$2,200...
real-estate
The Urban Redevelopment Authority (URA) closed the tender for the residential site at Tanah Merah Kechil Road today. The site at Tanah Merah Kechil Road was launched for sale by public tender on 20 June 2012. The site was offered for sale on a 99-year lease. The 13,998.5m2 site is located within an established private residential estate and is close to Tanah Merah MRT Interchange station. It is also...
The Housing and Development Board (HDB) announced on Tuesday that it has launched seven BTO projects, offering 4,191 new flats. This is the fourth BTO launch this year and HDB said it remains on track to launch 25,000 flats this year. The flats are being offered in two non-mature towns of Choa Chu Kang and Punggol, and three mature towns of Bukit Merah, Clementi and Geylang. The projects in the...
Prices of resale private homes in Singapore were flat month-on-month in June, according to flash estimates of the Singapore Residential Property Index (SRPI) by the National University of Singapore (NUS). The index covering small units of 506 square feet and below - otherwise known as shoebox apartments - fell most sharply, by 1.4 percent. This is in contrast to the 1.9 percent increase recorded in...
Developer Overseas Union Enterprise (OUE) is set to invest in excess of S$140 million on two retail mall projects in the central business district. Among the plans, OUE will be developing a five-storey retail mall at the existing DBS Building at Shenton Way, according to a source close to the matter. Built in 1975, DBS Building at Shenton Way will soon be home to a new shopping mall, spanning some...
About two weeks ago, property analysts at Credit Suisse released their findings of a survey it conducted to obtain a clearer picture of buyer behaviour given the strong sales at private residential project launches this year. It said its sample of 300 households had a profile that matched the Singapore population "quite accurately", with 80 per cent living in public housing and with close to 9 in 10...
Statistics from the Urban Redevelopment Authority (URA) show that the total transaction value of residential en-bloc properties for the first half of this year has plunged by 80 per cent compared to the same period last year. And there were fewer en-bloc property transactions. Real estate analysts believe that this is due to the global economic slowdown, and the government cooling measures introduced...
The Urban Redevelopment Authority (URA) released today the real estate statistics for 2nd Quarter 2012. Prices of private residential properties increased by 0.4% in 2nd Quarter 2012, compared to the 0.1% decrease in the previous quarter. Prices of non-landed properties in Core Central Region (CCR) and Rest of Central Region (RCR) increased by 0.6% and 0.4% respectively in 2nd Quarter 2012, compared to...
The Housing and Development Board's (HDB) Resale Price Index (RPI) in the second quarter of this year is 194, an increase of 1.3 per cent over the previous quarter when it was 191.6. According to data released by HDB, there were 7,000 resale transactions in the second quarter, an increase of 19 per cent compared to the first quarter when there were 5,900 cases. Also released - data on Median Resale...
Monthly rentals of luxury apartments fell 0.8 percent in Q2 this year due to tighter immigration rules, noted Colliers International Research. The consultancy stated that stricter immigration controls affected spill-over leasing demand from foreigners who cancelled or postponed their buying decisions due to the additional buyer’s stamp duty (ABSD). “Coupled with the seasonal summer break lull, the...