The luxury residential property sector should be performing quite consistently this year but luxury residential property prices look unlikely to climb to pre-crisis levels anytime soon, according to market-watchers. "Current prices for luxury residential property prices per square feet (psf) are in the S$2,500 to S$4,500 range," said Mr Liang Thow Ming, executive director and head of residential services...
singapore luxury homes
Sales of luxury homes in Singapore have remained low due to the economic crisis in the US and Europe, though buyers are slowly returning, according to a top executive of Heeton Holdings. Danny Low, Chief Operating Officer of Heeton, said the low luxury home sales in the country can also be attributed to the increasing number of locations competing for high-end buyers. Mr. Low was speaking during the soft...
Singapore’s high-end homes recorded the third largest increase in prices globally, behind Shanghai and Mumbai, according to a new report released today. Compiled by property consultancy Knight Frank and Citi Private Bank, The Wealth Report 2011 found that Singapore’s luxury home prices rose 18 percent in 2010. This was on top of a 17 percent increase the previous year, when Singapore recorded the...
The Boutiq is located along Killiney Road (Somerset), in close proximity to Orchard Road - Singapore's District 9. It is within walking distance to Somerset MRT, and the various shopping malls in Orchard Road shopping belt. Schools such as River Valley Primary School and Chatsworth International School are also within easy reach. The project is inspired by chic designer boutique hotels emerging in leading...
Parkview Éclat, the 35-unit boutique condominium development along Grange Road, saw two units change hands in the resale market last month as owners cash out after the project was completed last year. The property is developed by Hong Kong headquartered property developer Chyau Fwu Group, renowned for its Parkview Square art deco office tower along North Bridge Road. Parkview Éclat also bears the...
The Scotts Tower is a 31-storey, 231-unit development consisting of 1 to 3-bedroom apartments and 4-bedroom penthouses; expansive landscaped gardens, sky terraces, penthouse roof gardens and diverse recreational facilities. The concept of The Scotts Tower is that of a vertical city incorporating a variety of residence types and scales. In addition, outdoor green areas in the form of sky terraces,...
A joint venture (JV) between CLSA Capital Partners and Lippo Group has sold the remaining 14 condo units in the 26-unit freehold property The Holland Collection at slightly more than S$50 million, or about S$1,600 psf, on average. The buyer of the remaining units, which comprise two-, three- and four-bedroom apartments, is said to be Straits Trading. Located near the Singapore Botanic Gardens, the...
Scotts Square, a 338-unit freehold highend condominium development in the prime Orchard Road-Scotts Road neighbourhood, is back on investors’ radar screens, as it scheduled to obtain the temporary occupation permit towards the latter part of this year. Scotts Square, by listed luxury developer Wheelock Properties, comprises two residential towers of 43 storeys and 32 storeys each atop a three-storey...
Prices of Singapore's luxury prime homes remained stable for the second straight quarter as buyers stayed cautious after recent government tightening measures, according to Jones Lang LaSalle. Overall, the Singapore mass residential market saw a 12 per cent increase in prices in 2010 driven by positive sentiment on the back of strong economic performance. However the high-end market has been more subdued...
Living in Devonshire Residences is almost like enjoying rides in the amusement park. Situated in the heart of Orchard, an amazing hive featuring reputable city attractions and up-to-the-minute style, you are pampered with choices. Forget mundane. This residential number is fashioned for you, the young, vivacious and fabulous. The project is a delightful 25-storey development that houses 84 units and 2...