Lured by discounts offered by developers, thousands of prospective home buyers flocked to the preview of two private property projects over the weekend, in spite of the latest round of property cooling measures introduced barely two weeks ago. On Sunday (July 22), Daintree Residence at Toh Tuck Avenue in Upper Bukit Timah and The Tre Ver in Potong Pasir were jam packed when TODAY visited. More than 200...
Days after the release of Urban Redevelopment Authority’s flash estimates, the Government announced a new round of cooling measures, which caught many in the housing market by surprise. Authorities might have been right in principle to impose these harsh cooling measures, amidst a private property market heating up. The private housing market experienced an inflexion in prices last year after 15...
Eyes will be on Daintree Residence when sale launches on July 28 - the first condominium to do so since the latest round of cooling measures. The pricing has left analysts divided as the Toh Tuck Road condo will likely go in the region of an average of S$1,800 per square foot (psf), according to Neo Keng Hoe, general manager for the developer SP Setia. Previews began last weekend with 3,000 people...
About 3,000 visitors flocked to the opening day preview for private project The Tre Ver in Potong Pasir on Saturday (Jul 21), just two weeks after higher stamp duties and tighter loan limits were introduced. Units at the 729-unit condominium, which will be completed in 2022, are priced from around S$1,400 psf. But even with the tighter loan-to-value limits, homebuyers Channel NewsAsia spoke to were not...
Property in Singapore is expensive, whether you are looking to rent, buy your first HDB or upgrade to a private property. Recently, the government has introduced measures to cool the property market, which are expected to benefit HDB properties and could make private properties more affordable. However, it will still be very difficult for people to upgrade from HDB flats to a condo. Beyond the exorbitant...
British and Malayan Trustees as the trustee of Frasers Commercial Trust (FCOT) has entered into an agreement for the sale of a commercial property at 55 Market Street, in Raffles Place for a sale consideration of S$216.8 million. Manager of the trust, Frasers Commercial Asset Management Ltd, said the transaction is expected to be completed by Aug 31, 2018. The sale consideration of S$216.8 million is...
DBS Group Holdings said that the recent rush buy property ahead of the Singapore government's latest price cooling measures may give a temporary boost to its mortgage business but in the longer term, the market is likely to slow down. The country's largest bank expects "a slight ramp-up in mortgage financing requirements" in the next one or two months as a result of the July 5 rush to purchase...
Pinetree Condominium at Balmoral Park enclave has been put on the collective sale market with a reserve price of S$148 million. The development sits on 41,276 square feet (sq ft) of land and consists of predominantly three-bedroom units measuring between 1,162 sq ft and 1,851 sq ft. The site is zoned 'residential' with a plot ratio of 1.6 as per the 2014 masterplan, which translates to a gross floor...
Kentish Green in Oxford Road has jumped on the bandwagon of developments here trying for a collective sale. The 122-unit condominium is located near Farrer Park MRT station. The owners have set a reserve price of $230 million for the 59,143 sq ft site. Based on the reserve price, each owner will net between $1.736 million and $2.086 million from a successful sale. The site can be redeveloped to...
A row of four contiguous freehold conservation shophouses at No. 15, 17, 19 and 21 Tessensohn Road (the “Property”) has been launched for sale. Cushman & Wakefield, the appointed marketing agents for the site is expecting a good reception to the tender as the property can be partially developed into a mixed use retail/residential project in a charming heritage precinct dotted with conservation...
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