Strong momentum continued through February and more launches are expected this month The number of new private homes sold in January and February 2010 has already outstripped that for the whole of Q1 2009, official data shows. Developers sold 1,196 units in February - down 19 per cent month-on- month from the 1,480 units sold in January 2010 - according to the Urban Redevelopment Authority (URA)....
singapore property market
Private home sales kept up their momentum in February, with 1,196 units changing hands. This is down by some 280 units or 19 per cent from January, where the spike in transaction volumes prompted the government to introduce more anti-speculative measures. But February's figure is still above market expectations. Analysts had earlier projected sales to range between 800 and 1,000 units. Analysts said...
Private home sales kept up their momentum in February, with 1,196 units changing hands. This is down by some 280 units or 19 per cent from January, where the spike in transaction volumes prompted the government to introduce more anti-speculative measures. But February's figure is still above market expectations. Analysts had earlier projected sales to range between 800 and 1,000 units. Data released by...
HONG Kong developer Cheung Kong has set record selling prices for residential projects in the West Coast area. It managed to sell all 100 units released in the first phase of sale for the 99-year-leasehold The Vision yesterday. Of these, two penthouses went for $3.6 million each, which works out to around $1,332 per square foot (psf). Buyers paid around $1,000-$1,200 psf for two, three and four-bedroom...
BUYERS have snapped up units at a West Coast condominium despite the developer setting record prices for a mass market project. Cheung Kong (Holdings) has sold all 100 units of The Vision released for its Phase 1 sale at prices 'from $1,000 to $1,200 per sq ft (psf)' for the two- to four-bedroom units, according to sales manager Cannas Ho yesterday. However, market talk suggests that around 130 units or...
The luxury seafront condominium The Vision at the West Coast has received good response. All of the 100 units allocated for its first phase of sale on the opening day of its private preview have been sold. Prices for the two-bedroom to four-bedroom units range from around S$1,000 to S$1,2000 per square foot. All the penthouse units have also been snapped up fetching S$3.6 million each. The 99-year...
Once seen as a poor cousin to the prime East Coast area, the West Coast is gaining in popularity, with transformation of the entire western region underway. There are one-north, with Biopolis, its biomedical research cluster, and Fusionopolis, its infocomm and media cluster; wellknown tertiary institutions like the National University of Singapore (NUS) and INSEAD; parkland and green lungs like West Coast...
As developers released more upmarket projects, the average transaction value of private homes sold in the primary market in the first two months of this year rose to $1.78 million per unit, a study by CB Richard Ellis shows. This is 37 per cent higher than the $1.3 million average price of homes sold by developers for the whole of last year. But the figure for January and February 2010 is still shy of...
THE phrase 'Catch-22', taken from the title of Joseph Heller's seminal work, has come to describe a double-bind scenario where one feels caught between the devil and the deep blue sea. It may also soon come to describe the situation for developers here with the recent announcement of new government measures aimed at cooling property market sentiment and avoiding a housing bubble, barely half a year after...
THE debate in Parliament on state housing saw a number of popular assumptions disproved by National Development Minister Mah Bow Tan. He showed, with figures, that purchases of resale flats by private property owners and immigrants were too few to have contributed to a price spike in the past year. As for the charge that 'too many' owners were living off the Housing Board by subletting while they camped...