Good Class Bungalow (GCB) deals have continued to dry up this month following the slowdown seen in the first half of 2011. Just one caveat for a bungalow in a GCB area has been lodged for July so far, for a property at Andrew Road that sold for $8.88 million, or about $780 per square foot on land area. There may be a few more caveats for deals sealed in July to trickle in over the next few weeks, say...
singapore luxury homes
Despite the property cooling measures announced in January, prices of luxury units have risen a staggering 20 percent to S$7.9 million, according to Kim Eng, in a report by Singapore Business Review. “While the average price per unit in all the other segments declined, in the luxury segment, it rose nearly 20 percent from S$6.6 million to S$7.9 million,” it said. It added that the volume dropped...
Views of the Singapore River are commanding a premium today. On June 3, a penthouse unit of 5,511 sq ft at The Trillium on Kim Seng Road was sold for $12.4 million, or $2,250 psf. Within a week, a second unit, slightly smaller at 1,798 sq ft, was sold for $3.4 million, or $1,908 psf. The Trillium penthouse transaction is the highest so far for the development in terms of price psf. The development has 236...
Sales of luxury properties in Singapore seems to be losing its shine and has slowed down in recent weeks. That is according to industry players who say that the segment has underperformed despite the overall property boom last year. Analysts said most buyers of luxury properties here, mainly foreign investors, are turning cautious about buying their next multi-million dollar home due to the uncertain...
Prices of luxury homes in Singapore have moderated in the first quarter of this year due to property cooling measures, data from CB Richard Ellis' (CBRE's) Asian Luxury Residential Capital Value Index showed on Monday. The measures, announced in January, included raising the seller's stamp duty and reducing credit available to those who already have outstanding mortgages. CBRE said the increase in prices...
Sales of luxury properties have hit a sluggish patch in recent weeks. That is according to industry players who said that the segment has underperformed despite the overall property boom last year. Analysts said most buyers of luxury properties, who are mostly foreign investors, are turning cautious about buying their next multi-million-dollar home, due to the uncertain global economy. Hamilton Scotts,...
Homes around Cairnhill and Scotts Roads are getting a buzz from new launches and the completion of condominiums in the neighbourhood. CapitaLand recently launched its boutique development, the 64-unit Urban Resort Condominium, and of 34 units launched, 21 had been sold as at end-April, with the latest median price achieved at $3,076 psf, according to the latest data by URA. At the neighbouring The...
Savills Singapore has reported that the prices of non-landed luxury homes it monitored remained steady in the first quarter of the year. Savills’ data showed that the average price of non-landed luxury private homes remained steady at S$2,269 psf in the first quarter, rising marginally by 0.5 percent quarter-on-quarter from S$2,258 psf in the last quarter of 2010. The average price of “super...
Demand in luxury homes seems to be creeping back, if last month's new private home sales figures and reports of a fresh jaw-dropping record sale price are anything to go by. A four-bedroom unit at SC Global's The Marq on Paterson Hill recently sold at $17.5m, a record-breaking $5,842 psf - surpassing the previous high of $5,600 psf at The Orchard Residences in October 2007. A total of 15 non-landed homes...
A new price record has been set for private property in Singapore. According to an anonymous source, a four-bedroom apartment at SC Global Developments’ The Marq on Paterson Hill has been sold for S$5,842 psf, surpassing the previous record of S$5,600 psf at The Orchard Residences in October 2007. In addition, the recent transaction at The Marq sets a new benchmark for the project, exceeding the...