Singapore's Balestier area is lining up to be the next hot spot to own a private property. The area, popularly known as the lighting centre of Singapore, has now taken a new facade with several new developments coming up. One of them is the new Zhongshan Park Integrated Development that was launched on Monday, which includes a mall, an office tower and two hotels. Analysts told Channel NewsAsia...
singapore property market
Singaporeans can expect some 15,000 new homes in central Singapore, more commercial hubs outside the city centre, and a new waterfront area in the future. These are some of the plans laid out in the Draft Master Plan 2013. The plan guides Singapore's development in the medium term and is reviewed every five years. It was launched on Wednesday by the Urban Redevelopment Authority (URA). New...
Sales of new private homes slowed last month after two consecutive months of increases, but analysts attributed the decline mainly to fewer launches and said that projects with good locations and prices will continue to draw buyers. Developers sold 1,009 units last month excluding executive condominiums, down 19 per cent from September’s 1,246 units, after they launched 38 per cent fewer homes at...
Demand for new private homes in Singapore eased by 19 per cent in October. According to data from the Urban Redevelopment Authority (URA), 1,009 units of new homes were sold in October, down from 1,246 units transacted in the previous month. The top selling projects during the month were located in the suburban areas. They included The Inflora at Flora Drive which sold 388 units, and Nine...
Spanning less than 538 square feet, shoebox units may be the smallest type of condominium units available. However, such units are gaining popularity among property investors -- unit owners are getting better returns by renting out these units compared to rental yields from the larger condos. The supply of condominiums are set to grow in coming months as more of such private homes are being built....
A total of 50,841 non-landed private residential units were completed between 2008 and 2012. Over the same period, 47,273 dwelling units were completed by HDB, comprising 40,128 flats for sale and 7,145 flats for rental. The Urban Redevelopment Authority (URA) granted planning approval for the development of non-landed private residential units on 385 hectares (53 per cent) of land and public housing...
Demand for luxury homes in Sentosa Cove may be softening but it is not losing its shine just yet. Property experts said prices in Sentosa Cove are set to make a rebound, even hitting previous highs seen in 2008 before the global financial crisis. The upbeat sentiment came following a report by Colliers International on Tuesday which said Sentosa Cove properties are now cheaper than mass market...
Touted as an enclave for the super-rich, Sentosa Cove "has lost some shine of late" after the 2008 global financial crisis and the raft of local property cooling measures in recent years, according to a report released by real estate company Colliers International. As a result, residential properties at the cove are now within reach of the mass market, the report said, with the difference in price...
Mainland Chinese investors top the list of foreign buyers of private property in Singapore from January to October this year, research published yesterday (Nov 4) revealed. According to numbers compiled by OrangeTee Research, 34 per cent of foreign property-buyers (excluding permanent residents) in Singapore this year were from China. Buyers from China view Singapore as a favourable property...
The absence of new executive condominium (EC) launches between now and the second half of next year is unlikely to translate into higher demand for private condominiums, analysts have said. There will be a lull of six to eight months before the next launch, as a rule introduced in January only allows developers to launch EC units for sale 15 months after the date the sites were awarded, or after...