Private home prices rose to its highest point in four years in the April to June quarter as transactions and new launches increased and liquidity from en bloc sales flowed into the market, with analysts predicting that prices could recover to 2013 peak levels soon. The price index for private residential property rose by 3.4 per cent to 149 points in the second quarter, extending a 3.9 per cent increase...
Park Colonial, a new condominium in the Bidadari enclave and next to Woodleigh MRT station, will hold its public preview from this weekend with sales to start on July 14. Jointly developed by CEL Development, Heeton Holdings and KSH Holdings, the estate on a land area of 19,547 sq m will comprise six towers with 805 residential units. The one- to five-bedrooms units will be priced at an average of...
The en bloc sale of Goodluck Garden on Toh Tuck Road, agreed on in March for $610 million, has hit a road block. This comes after seven minority owners objected on the grounds that information was withheld which would have allowed them to sell the property for a higher price. Owners of the 210-unit freehold residential development will go to court after the Strata Titles Board (STB) issued a stop...
Despite a "healthy supply" of private housing in the pipeline, the Singapore Government said on Wednesday (Jun 27) it will not cut its supply of land for homes in the second half of this year. About 20,000 private homes are expected to be built from Government Land Sales (GLS) and en-bloc sites that are pending planning approval, and there are another 24,000 unsold units from projects that have received...
Dalvey Court - a freehold condominium development located in the prestigious District 10 area near the Singapore Botanic Gardens up for collective sale, with a reserve price of $160 million. It is also near the stretch of high-profile schools including St Joseph's Institution, Singapore Chinese Girls' School, Anglo-Chinese School (Barker Road) and Nanyang Primary School. The nine-storey building...
The rejuvenation of Selegie Road will move further along if the owners of two buildings there succeed in their collective sale bids. Selegie Centre, a 10-storey freehold commercial building, has obtained approval from around 90 per cent of owners by share value and strata area to launch a tender with a reserve price of S$120 million. The land rate works out to S$1,942 per square foot per plot ratio...
In recent months, increasing social mixing in public housing estates has been suggested as a way to reduce social stratification and inequality in Singapore. This can be done, for instance, by integrating HDB rental and sold flats within individual blocks. Housing inequality mirrors wider economic inequality. Particular housing policies furthers the gap between the housing standards accessible to people...
Come July, the developer behind the mega mixed-use project Marina One will find out whether its strategy four years ago of holding back half its 1,042 residential units from the market has paid off. M+S Pte Ltd, the joint-venture firm by Malaysia's Khazanah Nasional and Singapore's Temasek Holdings, will release 30 per cent of its 521-unit Garden Tower for sale, with the rest expected to be released in...
A commercial and residential site at Sengkang Central, which was launched under the government land sale (GLS) programme for sale via the dual envelop system, received seven tender submissions at the close of the tender on Thursday. Several major developers joined forces, with the usual partnerships seen. They include a joint bid by CapitaLand Singapore and City Developments Ltd, as well as from Wing...
Wah Loon Engineering founder Alan Chong has recently snapped up one of the tallest conservation shophouses along Boat Quay for S$21.35 million. Spanning six levels, the shophouse has an estimated built-up area of 6,300 sq ft, according to information on the website of Clifton Partners, a real estate investment firm. The property is being sold by an affiliate of the company. Boasting views of the...
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