Prices of small apartments measuring up to 506 sq ft dipped slightly by 1.2 percent in April, according to the Singapore Residential Price Index (SRPI) flash estimate published by the Institute of Real Estate Studies at NUS. This is in sharp contrast to March, when the SRPI sub-index for small apartments saw a notable 2.7 percent rise. April’s overall SRPI inched up 0.8 percent from the previous...
real-estate
Private resale homes prices has risen for the second straight month in April. This is according to the Singapore Residential Price Index (SRPI) flash estimate published by the Institute of Real Estate Studies at the National University of Singapore. Resale home prices climbed 0.8 per cent in April, after increasing 0.4 per cent in March. Central area prices were up 1.6 per cent in April, compared to...
Buoyant property sales in recent months have sparked fresh concerns that another round of cooling measures may be on the cards despite the last round of measures introduced in December 2011. Experts said the appetite for home purchases in Singapore is still strong despite several rounds of cooling measures that were introduced by the government. In fact, property developers have been selling over 2,000...
The tenants of Shaw Centre has to make way for renovations to the 37-year-old building in Scotts Road once their leases expire. The revamp will not affect the offices on 14 floors of Shaw Centre. Notable tenants include Nu-Reflexology Researc, Ship Restaurant and Les Amis Group's outlets, The Canteen and Canele Patisserie Chocolaterie. The refurbishment is timely according to some tenants and...
Malaysians reclaimed top spot among foreigners buying Singapore properties despite the tough cooling measures introduced in December last year. They have overtaken the Chinese buyers. A report by DTZ Research revealed that Malaysians had a high of 362 transactions, marking a 28 percent share among foreign buyers due to the larger number of Malaysian PRs in the country. In the same report, it is revealed...
Hongkong Land Holdings Limited today announced that its wholly-owned subsidiary, The Hongkong Land Company, Limited, has priced US$500 million of 10-year Notes that are to be issued through its wholly-owned subsidiary, The Hongkong Land Finance (Cayman Islands) Company Limited. The Hongkong and Shanghai Banking Corporation Limited, Mitsubishi UFJ Securities International plc and Standard Chartered Bank...
Novena Ville has been successfully sold in a collective sale exercise for S$131.5 million to property developer Fragrance Group. The sale price works out a land rate of S$1,730 psf per plot ratio. The land area is about 51,092 sq ft, and has a gross plot ratio (GPR) of 1.4 and an allowable height of up to four storeys. There is no development charge is payable for redevelopment. The freehold mixed-use...
The buoyant property market in Singapore has benefited not only the developers but also for related sectors such as renovation and interior designers companies. In a report by TodayOnline, interior design firm SuMisura is one such firm that has seen higher sales on the back of a property boom. The company performs design work for show flats and said such projects has boosted the firm's sales by 15 per...
The Urban Redevelopment Authority (URA) has launched the residential site at Farrer Drive for sale by public tender today. The land parcel was made available for sale through the Reserve List system on 16 April 2012. On 11 May 2012, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than...
Three plots of adjoining freehold land approximately 28,400 square feet (sq ft) at Amber Road in the East Coast area have been put up for sale by tender. Marketing agent Credo Real Estate said the three landed properties are owned by separate owners. They have consented to sell collectively in a joint tender exercise. The sellers are expecting offers in the region of S$73 million to S$80 million. This...