For six months, Ms Hanna Sim was trying in vain to rent out her 1-bedroom apartment at private condominium Kingsford Hillview Peak. Her tenant search ended after her property agent lowered the monthly asking rent from an initial S$2,000 to S$1,750. With a lower rental income, the 30-year-old is making a loss out of her 52 sq m shoebox apartment in Hillview. To break even, she would need a tenant who...
Private residential prices in Singapore grew by 0.5 per cent in the third quarter, as growth slowed in the wake of the recent property cooling measures which kicked in from July. The 0.5 per cent figure - which was in line with earlier flash estimates - comes after an increase of 3.4 per cent in the previous quarter, according to the latest report from the Urban Redevelopment Authority (URA). Prices...
The Woodleigh Residences, a new integrated development in Bidadari Estate, was unveiled on Friday and the public can get a preview of its condominium units at a soft launch this weekend (Oct 27 - 28). Members of the public may view showroom flats and express their intention to purchase at the soft launch. The project comprises 667 two-, three- and four-bedroom units. Prices will start at S$1,873 per...
Property cooling measures announced in July have dampened sentiment towards the Singapore property market, according to the latest quarterly Real Estate Sentiment Index (RESI), which assesses perceptions and expectations of real estate development and market conditions in Singapore. The composite index - comprising a Current Sentiment Index and a Future Sentiment Index - fell sharply to 4.0 in the third...
The Spanish Village condominium in Farrer Road has been put up for collective sale for the second time in recent months, with no change to its $882 million guide price. The 226-unit freehold property in affluent District 10 made its first attempt to sell en bloc in June but had no takers. Mr Tan Chun Ming, senior director of investment advisory at market agent Edmund Tie & Company, said the site has...
Developer City Developments Limited (CDL) will commence previews this weekend for the 716-unit Whistler Grand (御峰) – the latest residential launch in West Coast. Located along West Coast Vale, the new premium residential development enjoys excellent connectivity to Jurong Lake District, touted as Singapore’s second Central Business District (CBD). It has convenient access to four MRT stations:...
Is the Urban Redevelopment Authority's Wednesday announcement to raise the minimum average unit size for non-landed housing developments Outside the Central Area (OCA) - the second part to the July 6 property cooling measures? At a glance, the answer would be "no". The revised guidelines cutting the maximum number of units allowed in a project was released through a circular, along with two others,...
Major property stocks fell sharply on trade on Thursday on the government’s latest move to cut the maximum number of units allowed in new private flat and condo developments outside the central area from early next year. The authorities are cutting the number of units allowed in a project and increasing the average size of new private flats outside the central area to at least 85 square metres, up...
In a bid to reduce the strain new developments pose on local infrastructure, the authorities have moved to ensure that there will be fewer shoebox units offered in new private non-landed residential buildings outside the Central area. The Urban Redevelopment Authority (URA) revised guidelines for such properties on Wednesday (Oct 17), making several changes that it said also aim to moderate the...
Sales of new private homes in Singapore rose about 42 per cent in September from a year earlier, as developers returned to the market with new launches following the previous month's slump. Data released by the Urban Redevelopment Authority (URA) on Monday (Oct 15) showed developers sold 932 units last month, compared with 657 units in the same month last year. Compared with the 617 units sold in...
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