Forestville, the latest executive condominium (EC) project at Woodlands, has seen strong demand from eligible home buyers since electronic applications opened on December 21. Close to 800 e-applications have been received over the weekend for the 653-unit Forestville EC project. The e-applications will be open until 10pm on December 26. Balloting will be carried out on 28 December. Hao Yuan Investment...
real-estate
Despite six rounds of cooling measures in the last couple of years, the private property market continued its uptrend unabated in 2012. Although data for December is yet to be out, but both sales volume and prices of new private homes have already surpassed previous highs. In the past two years, the Yaps have bought four private properties, three of which were in 2011. They hold to the view that...
As we approach the end of the year, analysts' property market forecasts for 2013 and beyond are coming in thick and fast. From the reports I have read, it is quite a mixed bag - some are negative while others are mildly positive. The forecasts in themselves are not really as important as the reasons cited to back them up. The reason I say this is that given the uncertain and abnormal global environment, I...
With higher incomes, buyers will likely create more demand for executive condominiums (ECs), according to a report by DTZ. As of Q3 2012, there were 6,500 EC units for sale. This is in addition to the 3,100 units expected to be delivered under the confirmed list of the 1H2013 Government Land Sales (GLS) Programme. Demand is expected to match supply with a larger pool of buyers following the recent...
Two 99-year leasehold residential sites released under the Government Land Sales (GLS) Programme this month are expected to receive healthy interest from developers, with seven to nine bids due to their strategic locations, said Knight Frank Singapore. Located at Commonwealth Avenue and New Upper Changi Road/Bedok South Avenue 3 (Parcel B), the sites are just next to Queenstown and Tanah Merah MRT...
With the global residential market expecting a brighter outlook in 2013, some international property hotspots are beginning to emerge. In a recent report in My Paper, property analysts recommended several destinations that could provide lucrative investments to Singaporeans. First on the list is London, UK, regarded as a safe haven for property investment despite the decline in prices in past years....
The Urban Redevelopment Authority (URA) has released the detailed sales conditions for the two commercial sites at Venture Avenue and Cecil Street / Telok Ayer Street today. The land parcel at Venture Avenue is launched for sale by public tender under the Confirmed List, while the land parcel at Cecil Street / Telok Ayer Street is made available for application for sale under the Reserve List of the 2nd...
The Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing two sites for sale. The land parcel at Commonwealth Avenue was launched for sale on Tuesday under the Confirmed List. In addition, New Upper Changi Road (Parcel B) is also made available for sale on the Reserve List. Together, these two sites can yield about 1,300 residential units. Both are 99-year leasehold...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential at Alexandra View to Singland Homes Pte. Ltd. The company submitted the highest bid in the tender for the site at S$970 per square foot per plot ratio (psf ppr). This works out to S$332.68 million for a total site area of about 6,501 square metres. Property analysts are estimating the breakeven price to fall between...
The number of new private homes sold in November fell to the lowest level in 2012. Excluding executive condominiums (ECs), 1,087 units were sold in November -- 44.2 percent less than in October. It is also the second straight month of decline. October saw 25.7 percent less homes moved in at 1,948 units. Analysts attribute the decline to fewer property launches last month. Savills' research head, Alan...