With Beijing acting to cool red-hot domestic market, sellers here could benefit from influx of Chinese buyers Within days of Beijing announcing new measures to cool the overheated property market, thousands of people have been flocking to housing shows in big and small cities across China. Strong enthusiasm was seen in the property shows in Shenzhen, Shanghai and Nanning, though sales were lower compared...
singapore property market
SC Global have sold a penthouse at The Boulevard Residence recently for $30 million or $4,242 per square foot. This is the highest transaction in absolute price quantum in the development. In unit price terms, too, the $4,242 psf achieved for the most recent transaction is the highest at The Boulevard Residence, surpassing the $3,933 psf that a three-bedroom standard apartment of 2,034 sq ft sold for...
The latest property cooling measures in Hong Kong may prompt more mainland Chinese buyers to turn to Singapore as a destination for property investments. Market experts said this may in turn cause property prices here to escalate higher and it could even spur another round of cooling measures. Colin Tan, who is Head of Research & Consultancy at Chesterton Suntec International, said: "Every time...
Property developer Far East Organization has announced that it sold 76 units, including a bulk deal, at a preview of The Lanai project which began on October 9. Located in the Hillview area, the 10-storey development comprises 214 units in six towers. The project includes a mix of two-, three-, and four-bedroom units with sizes starting from 947 sq ft. The developer released three towers with a total of...
Lately, there has been a surge in transactions at The Calrose and Seasons Park along Yio Chu Kang Road. The reason? Property agents like Benjamin Tan of C&H Group note that upgraders see value in the competitively priced condominiums, which are located in a good neighbourhhod. The Yio Chu Kang/Ang Mo Kio area has become an attractive residential enclave as it is just a few bus stops away from the Yio...
Many Singaporeans aspire towards real estate ownership. High-rise living, whether in private condominiums or HDB estates, is the norm in Singapore, with more than 90 per cent of people housed in this manner. Residents may enjoy better views and ventilation. For those living in condominiums, they may also enjoy the benefit of common facilities and security. On the other hand, many diehards value landed...
The measures announced at the end of August to cool the property market are starting to have an effect, even as prices of both public and private housing hit new highs in the third quarter. Preliminary estimates released on Friday by the Urban Redevelopment Authority (URA) showed private home prices rose by 3.1 per cent in the third quarter to push its index to a high of 190, but the gain was down from a...
Private residential property prices rose from 184.2 points in the second quarter to 190.0 points in the third quarter of 2010. Releasing the flash estimate on Friday morning, the Urban Redevelopment Authority (URA) said this represents an increase of 3.1 per cent, compared with 5.3 per cent in the previous quarter. URA also released on Friday the flash estimates of the price changes in three geographical...
The prices of HDB, mass market segments will cool somewhat and stagnate at current levels The housing policy measures introduced on Aug 30 have sidelined many buyers, including owner-occupiers who have out-grown their current apartments and are seeking newer, bigger or better located homes. A typical case: Mr and Mrs Tan have lived in their five-room HDB flat for 12 years. They have worked hard,...
The property market has a history of repeating itself. I guess that is why they call it the property cycle. There is a huge clamour for flats today, and we can't seem to build flats fast enough to satisfy demand. Yet, when I became Minister for National Development in 1999, one of my first challenges was to deal with an overhang of more than 31,000 unsold flats. Almost every year, until 2006, Members of...