Developers of Optima@Tanah Merah have brought forward the launch of the condominium, which was to have taken place on Friday. However, queues formed as early as 4pm on Thursday, prompting the developers to start selling the units. 120 units were sold yesterday with another 150 units to be balloted on Friday. The 99 year leasehold development has 297 units. The condo's developers said they feel that...
singapore property market
The showflat was only due to open today. But on Monday, some, mostly property agents, were already lining up for units at the Optima condominium at Tanah Merah. They went home after developer TID made it clear the queue would not be recognised. However, this did not stop hundreds from turning up early yesterday - leading to a massive queue and the occasional ugly spat over queue-jumping. The result? TID...
There was a flurry of transactions for condominiums in the neighbourhood of Bayshore Road and Upper East Coast Road, with at least half a dozen apartments changing hands in the week of June 26 to July 3, according to the URA Realis database of caveats lodged. Property agents say the heightened activity is partly due to the euphoria surrounding URA’s new home sales figures for June, which, at 1,825...
Demand in Singapore’s property market may not be sustained because of economic uncertainty and ample supply, National Development Minister Mah Bow Tan said. The city-state is “monitoring the market closely” to ensure speculation in the property market doesn’t lead to a bubble forming, Mah told reporters today in Singapore. “I think some of the practices and habits you saw in the last property...
More than S$27.5 billion has been invested so far in the new business and financial district in Marina Bay and the government is planning to pump in a further S$1 billion in infrastructure works there over the next 10 to 15 years. Singapore's National Development Minister Mah Bow Tan announced this at the topping out ceremony for the construction of the Marina Bay Financial Centre on Wednesday...
AFTER WEEKS OF watching property prices and private property sales burgeon, the government has made its stand fairly clear. It will not tolerate a property bubble this time around. Certainly, it won’t allow local property prices to get out of hands. National Development Minister Mah Boh Tan said today that Singapore was “monitoring the market closely” to prevent any froth and had the tools in hands...
The government is seeing some signs of speculation in the Singapore property market, according to National Development Minister Mah Bow Tan. Speaking on the sidelines of the topping out ceremony of the Marina Bay Financial Centre on Wednesday morning, Mr Mah said the government is monitoring the situation. It is uncertain if the buying momentum seen in recent months can be sustained, he added. "The...
Over 70 per cent or 180 units at the Meadows@Peirce condominium were sold at a private preview on Friday before the official launch next week. In a statement, property developer UOL Group said a total of 250 units were offered at the preview. The developer had initially planned to release 150 units, but it added 100 more due to overwhelming response. UOL said it will also bring forward its official...
Private home prices in Singapore fell 4.7 per cent in the second quarter of this year, compared with the previous three months. Although that marked the fourth straight quarter of falls, the pace of the decline appeared to be moderating. Prices fell a record 14.1 per cent on quarter in the January to March period. The second quarter decline was also better than 5.9 per cent fall predicted in the advance...
More homeowners at Horizon Towers are putting their units up for sale after the proposed $500 million en-bloc sale to a joint venture led by Hotel Properties Ltd fell through in April. The 99-year leasehold property near Orchard saw a total of eight transactions from June 1 to 26 versus only one deal in May. There were four units sold at an average of $848 psf, from June 19 to 26, according to caveats...