However, at Sentosa Cove, buyers spoilt for choice from 3 projects on offer Malaysian tycoon Quek Leng Chan's GuocoLand has sold 60 units at the freehold Goodwood Residence along prime Bukit Timah Road over the past two weekends at prices ranging from $2,355 psf to $2,555 psf for typical units. Mr Quek himself picked up the biggest unit in the 12-storey project - a penthouse - for $18.8 million. His...
singapore property market
WHETHER the property market is up or down, some areas are always popular, according to new analyses from property consultancy Savills Singapore. Its list of perennial property hot spots includes one surprise locale far from the city centre. District 15, which includes the Katong, Joo Chiat, Amber Road, Marine Parade and Tanjong Rhu areas, consistently topped all 28 regions in terms of the number of...
Much-anticipated index shows private home prices edged up just 0.2% in February Prices of non-landed private homes held steady in February, a new index set up to track residential property prices here shows. The Singapore Residential Price Index, or SRPI, showed that private home prices across the island rose just 0.2 per cent month-on-month in February 2010, after climbing 2.2 per cent in January. But...
ABOUT a quarter of the 56 units released for The Residences at W Singapore Sentosa Cove were sold over the weekend for prices starting at $3.4 million. This upscale condominium, which is part of the trendy 'W' boutique hotel brand, is being built by City Developments. Its spokesman said the price achieved during the exclusive by-invitation-only preview was in line with its launch price of between $2,500...
NATIONAL Development Minister Mah Bow Tan yesterday emphasised that the Government has a role to play in the property market, but any intervention is 'done sparingly'. 'We try not to intervene but when we do, we do it only because we want the market to work better,' he told The Straits Times in an interview. The Government wants to see a stable, healthy market, where prices are generally moving in tandem...
MR SIMON Cheong, president of the Real Estate Developers' Association of Singapore (Redas), raised government hackles this week when he questioned the need for government intervention to halt the rise of private home prices. He had asked if the state should be so concerned with the prices of private home prices, when the segment serves only 16.5 per cent of the population. The Government recently...
A NEW upscale condominium that is part of the trendy 'W' boutique hotel brand has made its debut in Singapore. The Residences at W Singapore Sentosa Cove, which boasts 228 apartments, will be priced from $2,500 to $3,000 per sq ft (psf), said City Developments (CDL) at the launch yesterday. The record in the gated island enclave is held by Seven Palms, where nine units went for $3,100-$3,430 psf late...
THE 76 Shenton condominium in the Central Business District sold out in one day during its preview as hundreds of buyers made a beeline for the prime project yesterday. There were so many people vying for one of the 202 units that balloting was needed to sort out who got first crack. The Straits Times understands that there were about 300 names in the ballot, with the buyers mostly Singaporean investors...
RESALE prices for private homes have gone through the roof this year and are now above the sky-high levels seen in the 2007 boom. A Savills Singapore report said average values in the segment in January and last month shot ahead of the dizzy heights set three years ago. The soaring prices are part of a larger picture that depicts the entire real estate sector roaring along in top gear. Rising prices in...
The government yesterday defended its policy of managing price movements in the private housing market and also stood by its method of supplying developers with state land sites. It was responding to Wednesday's speech by the president of the Real Estate Developers' Association of Singapore (Redas), Simon Cheong, who said that the government should allow the private property market here to operate as a...