East Court is the latest development to launch for collective sale on Sept 10. The owners have set a minimum price of $19 million. This will be East Court's first collective sale attempt, says marketing agent OrangeTee & Tie. The eight-unit, freehold apartment development on Koon Seng Road in district 15 sits on a 13,351 sq ft plot that is zoned for residential use, and has a gross plot ratio of 1.4....
The weekend preview of JadeScape, Qingjian Realty’s latest residential project, drew a crowd of 9,000 people to its sales gallery over the two days from Sept 8 to 9. The 22,000 sq ft sales gallery located in Bishan features JadeScape’s smart home and smart estate management features as well as its “Gold Standard” elderly-friendly units that is ideal for multi-generational residential...
Marketing agent CBRE is launching the tender sale of 87 and 88 Amoy Street, a pair of two adjoining prime 4-storey conservation shophouses in the heart of the CBD. Both 87 and 88 Amoy Street have a combined land area of approximately 5,375 square feet, and a total gross floor area of approximately 14,641 square feet. The site is zoned for commercial usage under the Chinatown (Telok Ayer) Conservation...
Bidding counts at two of three state tenders that closed on Tuesday were noticeably subdued, showing developers' sentiment following the latest property cooling measures. Just five bids competed for the plot on Dairy Farm Road and three bids were submitted at Jalan Jurong Kechil, far fewer than the record 24 bids submitted last year for a nearby Toh Tuck Road plot that has since been developed into...
In the first major property launch since July's property cooling measures, Qingjian Realty has unveiled its plan to build more than 1,200 apartment units in Shunfu Road, on the site of the former Shunfu Ville estate. JadeScape, as the new development in Bishan is to be called, will be kitted out with fully-integrated smart home technologies and an intelligent estate monitoring system. The project...
Since the July 6 measures to preempt runaway prices in the Singapore housing market, valuations of real estate stocks have fallen somewhat. But analysts caution against jumping in too quickly, unless the counter is a diversified play. On July 5, the government announced adjustments which saw higher additional buyer's stamp duty (ABSD) and tighter loan-to-value (LTV) limits on residential property...
Development charge (DC) rates for redeveloping land have gone up for commercial and industrial sites, as well as plots slated for non-landed private homes, and hotels and hospitals. Land zoned for non-landed residential use had rates raised by 9.8 per cent on average, the Ministry of National Development (MND) said on Friday - its fifth straight increase, although down sharply from the 22.8 per cent...
Developer sentiment has dampened significantly following the government’s announcement of new cooling measures, according to a survey conducted by the National University of Singapore (NUS) and the Real Estate Developers’ Association of Singapore (REDAS). Outlook for the prime residential and suburban residential sectors were the hardest hit; office, business park/hi-tech space and hotel/serviced...
Mediacorp and property listing portal 99.co signed a strategic partnership on Wednesday (Aug 29) to enhance the user experience in property searches online. The agreement combines Mediacorp’s audience reach and commercial relationships together with 99.co’s listing base, content and data analytics tools to create more related news and information for property buyers, sellers and agents, the two...
Faced with more prohibitive stamp duties on second and subsequent purchases of residential property, some Singaporeans are exploring a trust vehicle to circumvent the latest cooling measures. While the potential savings may be a lure, lawyers say the restrictive characteristics of such trusts may prove a dampener. In July, the government announced adjustments which saw higher additional buyer's stamp...
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