Singapore will make available for sale sufficient land to build about 14,000 private homes in the first half of next year, the government said on Friday. The Ministry of National Development (MND) said this as it unveiled the Government Land Sales Programme for the first half of 2013 (1H2013). There will be 12 private residential sites, including five executive condominium (EC) sites, and one site for a...
real-estate
The Ministry of National Development (MND) has announced the first half 2013 (1H2013) GLS Programme, which will provide an adequate supply of private housing to meet continued demand from home-buyers. The sites will yield about 14,000 private residential units, including 3,100 Executive Condominium (EC) units, comparable to the GLS programme in the second half of 2012. In addition, there is a potential...
A downtown plot of land in Shanghai has been sold at the highest price this year as a recovery in sales boosted developers' expectations for a market rebound even as the government maintained property curbs. The 1.2 million-sq-ft site near Shanghai South Railway station was sold yesterday for 5.4 billion yuan (S$1.06 billion), according to the local land reserve centre. A group of four companies, led by...
The tender for a land parcel located at Sembawang Crescent/Sembawang Drive closed on Thursday with a top bid of $211.92 million. The site, measuring 21,718.4 square metres, received a total of eight bids. In a statement, the Housing and Development Board (HDB) said the top bid came from boutique developer JBE Holdings, while the second highest bid of S$210.1 million was handed in by FCL Place Pte. Ltd....
City Developments Limited (CDL) has unveiled a luxurious new residential project in Singapore offering exclusive housing options with a myriad of facilities to make residents feel at home. Called Echelon at Alexandra View, the condominium comprises 508 units of one, two and three-bedroom apartments, three and four-bedroom suites and five-bedroom penthouses to satisfy the accommodation requirements of...
An unregistered salesperson who posted flyers in public places was fined S$21,000 on Wednesday. He was charged under the Estate Agents Act. The Council for Estate Agencies (CEA) charged 59-year-old Lum Chap Heng in court on 14 November for posting flyers carrying his mobile number to advertise for landlords and tenants. Lum also represented a flat owner and helped her find potential tenants for her...
Property investments remain a core asset in the investment portfolios of Asia's wealthy individuals. According to Citibank Singapore, real estate accounts for a third of client portfolios under its management. These customers typically have net assets of S$1m and above. Property prices in Asia, particularly Singapore and Hong Kong, have seen a boom in recent years. This is particularly due to low...
Property developer Far East Orchard (FEOrchard) signed a memorandum of understanding with Australia-based hotel operator Toga Pty (Toga Group) on Wednesday which will explore the setting up of a proposed joint venture. Under the agreement, the proposed joint venture will serve as a hotel management and ownership platform in Australia. Plans are also in the pipeline for the proposed joint venture to...
With expectations that HDB and private property prices will climb in the next half year, the property Affordability Sentiment Index (ASI) of PropertyGuru's latest Property Sentiment Survey dipped further in Q3 2012. The study, which was done in collaboration with Blackbox Research, polled around 1,000 Singaporeans and found that 69 percent of respondents believe that HDB flat prices will rise in the next...
Global housing markets posted mixed signals during the full year ending Q3 2012 according to the latest survey of global house price trends by the Global Property Guide. The bad news is strongly concentrated in Europe as the scale of the European downturn, the sheer size of the downward pressure, continues to surprise. Seven of the 10 Asian housing markets included in the survey performed more poorly...