A record bid by CapitaLand for a plot of land in Bishan has put the spotlight on homes in the area such as Rafflesia Condo and Bishan 8. In February, CapitaLand’s bid of $550 million, or $869 psf per plot ratio, for the 99-year leasehold site at Bishan Street 14 came out tops among 19 bids. CapitaLand has partnered Mitsubishi Estate Asia to develop a 600-unit condo on the 129,137 sq ft site and is...
singapore property prices
The price gap between uncompleted and completed private homes narrowed in the first quarter of this year. Data from property consultancy SLP International's first quarter residential market report shows that high-end and mid-tier properties have been the most affected. Uncompleted homes usually command higher prices. A narrowing of this gap, caused by a drop in uncompleted home prices could reflect...
The Esta may be facing the busy Mountbatten Road but demand continues to be strong at the 400-unit freehold condominium, owing to its easy access to the city and a wide range of amenities at Katong. A unit at The Esta was sold for $1,325 psf this month, the first time it has breached the $1,300 psf level since last December. The peak was recorded previously in October, when a 1,399 sq ft three bedroom...
Singapore's private home prices moderated again in the first quarter of this year, growing 2.2 per cent compared with 2.7 per cent in the previous quarter. This is the sixth straight quarter in which growth in private home prices has slowed down. Final data released on Monday by the Urban Redevelopment Authority (URA) also showed that prices of non-landed residential properties rose 1.7 per cent in the...
Homes in suburbs such as Simei and Buangkok are enjoying a resurgence of interest owing to their affordability and accessibility as new malls and MRT lines are built. The appreciation in the prices of such property is prompting some homeowners to cash out at a profit. In Buangkok, prices at the 99-year leasehold Hougang Green recently hit a peak of $837 psf in February when a 764 sq ft unit on the 10th...
The Singapore residential property market has had a very strong recovery since mid-2009 and prices are hitting record highs. However, the recovery has also prompted the Government to announce four rounds of residential property market cooling measures since September 2009. The harshest so far has been the latest round introduced in January, consisting of further hikes in the seller's stamp duty and...
Emerald Garden is probably one of the most overlooked residential properties in the CBD. Located amid conservation shophouses on Club Street near Chinatown, the 265-unit residential project completed in 1998 was probably the first downtown private apartment development. It is within walking distance of both Raffles Place and Tanjong Pagar, and also the Tanjong Pagar, Chinatown and Raffles Place MRT...
Singapore’s high-end homes recorded the third largest increase in prices globally, behind Shanghai and Mumbai, according to a new report released today. Compiled by property consultancy Knight Frank and Citi Private Bank, The Wealth Report 2011 found that Singapore’s luxury home prices rose 18 percent in 2010. This was on top of a 17 percent increase the previous year, when Singapore recorded the...
Once known as an industrial hub, Jurong is fast transforming into one for business and leisure, driving demand and prices of homes in the vicinity, including The Lakeshore. Plans for the Jurong Lake District — which, at 360ha, is equivalent to the size of Marina Bay — comprises a commercial hub known as Jurong Gateway and a recreational-leisure hub known as Lakeside. It was unveiled by the URA in its...
Prices of non-landed private homes in suburban areas have picked up the fastest in the first quarter this year. Flash estimates from the Urban Redevelopment Authority (URA) showed that price increases in suburban homes beat the overall private property price index, which rose 2.1 per cent to 198.8 points in the quarter. Analysts said that suburban condominiums may continue to see price increases of...