The cash premiums for HDB resale flats continued to hover in the high range in the fourth quarter of 2012 in some popular estates. Data released by the Housing and Development Board on Friday showed that the median Cash-Over-Valuation (COV) for a three-room flat in Queenstown stood at S$30,000 and S$65,900 for a four-room flat. In Bishan, the median COV for a four-room flat touched S$50,000, while that...
real-estate
While the latest round of property market cooling measures is likely to hit housing demand significantly, developers are expected to bid actively for the sites on the Government Land Sales programme (GLS) for the first half of this year, as most are situated in good locations. Two days before the Jan 11 announcement of property curbs, the Urban Redevelopment Authority awarded the first GLS site for this...
Colliers International said private home prices are expected to remain relatively stable with marginal downside this year, thanks to the government's latest cooling measures imposed in January 2013. In the face of mounting supply, rents are also expected to weaken this year. According to a report by Colliers International, average monthly gross rents of luxury/super-luxury homes are expected to decline...
The tender for a mixed commercial and residential site at Yishun Ring Road/Yishun Avenue 9 has attracted 13 bids. According to the Housing and Development Board (HDB), the highest bid of S$212.1 million was submitted by CEL Property - subsidiary of Singapore-listed Chip Eng Seng Corporation. This translates into about S$8,551 per square metre of gross floor area. The second highest bid was jointly...
Property group Keppel Land expects new home sales in Singapore to "come down quite a bit" this year, after new private home sales hit a record 22,000 units in 2012. The developer of Reflections at Keppel Bay is not going to rush into launching new projects in the coming months. Instead, Keppel Land is adopting a wait-and-see approach, before making its next move. This after the seventh round of property...
Ascott Residence Trust reports a nine per cent increase in distribution per unit (DPU) to two cents for Q4 2012, compared to the previous year. For the full year, DPU is 8.76 cents, representing a 6.4 per cent yield. Unit-holders distribution for the fourth quarter also increased 10 per cent to nearly S$23 million compared to a year ago. The REIT attributed better performance to contributions from...
Singapore's CapitaCommercial Trust reported a 6.8 per cent increase on-year in its distribution to unit-holders for Q4 2012. This was mainly due to higher income from some of its buildings, as well as contributions from a newly acquired asset, Twenty Anson. CCT, which includes buildings like Raffles City Tower, Capital Tower, Six Battery Road in its portfolio, reported a fourth quarter distribution per...
They should be more calibrated, rather than one-size-fits-all: Developer Property developer GuocoLand, the Singapore-listed firm controlled by Malaysian billionaire Quek Leng Chan, would like to see a more calibrated approach to property cooling measures by the Government rather than a one-size-fits-all approach. Said its newly-appointed Chief Operating Officer, Mr Cheng Hsing Yao: “In a global...
It's all quiet on the industrial property front more than a week after Singapore's first cooling measure on the sector kicked in. Most market experts are confident that industrial property prices will hold steady and may even increase by up to 15 per cent this year. But there're others who believe the sector is set for a correction. For the first time, Singapore is imposing a Sellers' Stamp Duty on...
Q Bay Residences at Tampines has sold 312 out of its 510 launched units as of Monday, after its launch last weekend. The project is jointly developed by Fraser and Neave (F&N), Far East Organization and Sekisui House. It is the first private residential project to be launched since the latest round of property cooling measures introduced by the government. According to a statement released by...