The government launched eight residential sites - which can yield an estimated 3,340 private and executive condominium homes - in Q1 2010, as developers clamoured for plots to replenish shrinking landbanks and buyers continued to snap up new homes. Five of the sites - on which some 2,175 housing units can be built - have been sold to date. The tenders for the remaining three sites will close in the next...
singapore property market
In the secondary market, the soon-to-be-completed One Amber along Amber Gardens is seeing interest from buyers. The 562-unit freehold condominium project jointly developed by Singapore Land, UIC and UOL Group has four 23-storey blocks. In the week of March 9 to 15, four units at One Amber changed hands at prices between $1,163 and $1,250 psf, according to caveats lodged with URA Realis. Those who bought...
UOL Group has sold about 40 per cent of its 616-unit Waterbank at Dakota condo by yesterday. By some analysts' calculations, UOL stands to book pretax earnings of $135 million to $160 million progressively from the project as it is built once it is fully sold. Prices of typical units range from 'above $1,000 psf to above $1,300 psf'. Buyers were predominantly Singaporeans. Smaller units were first to...
THERE is only one way to go for residential properties in Singapore: up, up and up. When it comes to building height, the five tallest private residential buildings - perhaps a better description would be 'residential skyscrapers' - are all taller than 100 metres. All were also completed within the last four years - a clear sign that property developers here are on a high. And while residential...
THE private homes market remains buoyant, with more than 200 units sold at a new launch and the year's third collective sale site sealed. UOL Group said it has sold more than 200 units of Waterbank at Dakota in Dakota Crescent at a preview that started on Wednesday. Prices ranged from $1,000 per sq ft (psf) to $1,300 psf. With 616 units, it is the first project here without bay windows and planter...
This exceeds any quarter of 2009, says Colliers Int'l More high-end homes surfaced at auctions in the first quarter of this year, mostly involving owner sales, the latest figures from Colliers International show. About $13.4 million of such properties changed hands at auctions in Q1, higher than any quarter of last year. The total value of all properties sold at auctions in the first three months of...
It plans to launch more waterfront homes in S'pore KEPPEL Land is upbeat about the prospects for residential property in Singapore and other key markets it operates in, it says in its latest annual report. In 2009, the developer sold 384 homes in Singapore and about 3,100 overseas. Keppel Land now intends to push out more waterfront homes in Singapore. After Caribbean at Keppel Bay and Reflections at...
WITH prices of public housing busting records in recent months and concerns escalating over supply and affordability, the man overseeing Singapore's red-hot property market has found himself in the hot seat. But the ever unflappable National Development Minister refuses to be unnerved by the emotionally charged debate now playing out online and in newspaper forums. Rather, in his first full interview...
AFTER three consecutive quarters of growth, the value of property investment transactions in Q1 2010 fell 8.5 per cent quarter-on-quarter to $2.64 billion. The figures, compiled by DTZ Research, also showed that in contrast to last year when residential sales dominated the investment market, investments in the industrial segment stood out in Q1 2010. Industrial property investments accounted for $1.02...
Investment sales in the property market finally slowed in the first quarter this year. Property consultant DTZ Research said the value of investment transactions in the first three months this year fell 8.5 per cent on-quarter to S$2.64 billion. It was the first drop after three straight quarters of increases. The industrial sector leapfrogged the residential sector to account for the bulk of the...