A condominium that saw a spike in transactions in the first week of August was the 910-unit freehold City Square Residences, completed early last year. Located along Kitchener Road, it’s right next door to the newly opened City Square Mall and the Farrer Park MRT station. Across the street is the 24-hour Mustafa Centre, a popular shopping mall with locals and tourists. City Square Residences comprises...
singapore property prices
Existing condominiums located in neighbourhoods undergoing renewal and at the edge of the city are becoming increasingly popular with both investors and owneroccupiers. This can be seen from recent transactions at the 295-unit Parc Emily, located at the corner of Mount Emily and Niven Roads, which was developed by City Developments Ltd (CDL) and completed in 2008. Three transactions were recorded from July...
A day after more details of the Downtown Line were announced, observers are already predicting a hike in property prices in those areas. Residents of Tampines and Bedok can expect five more stations serving their estates. And Jalan Besar will see a new station as well. Homes around the Downtown Line linking Singapore Expo in the east to Bukit Panjang in the north-west are likely to see property prices...
Suburban condominium developments with good accessibility and in close proximity to popular schools and amenities like public transport, shopping and eateries continue to stay at the top of homebuyers’ wish lists, despite a recent runup in average prices. Newly completed projects continue to command a premium. For instance, at the recently completed 659-unit The Parc Condominium — a massive...
In business strategy classes, we often learn that the most successful businesses are the ones that are early leaders in identifying a need or are able to create a market by convincing consumers to pay for something which they never knew they wanted. In the last property boom, the race was to build the biggest and priciest apartment. To achieve this, projects were co-branded by contracting renowned...
Mr. Mah Bow Tan, Minister for National Development, has dispelled rumours that the recent increase in private property prices is a solely due to foreign buying. Speaking in parliament on Monday, Mr. Mah said, "foreigners' share of all sale transactions of private residential properties in Singapore is relatively small. "In 1st half 2010, foreigners accounted for about 13 per cent of all private housing...
Prices of units at the newly built, 336-unit condominium The Arte by City Developments Ltd (CDL) have been on an uptrend this year, hitting a high of $1,250 psf last month versus an average of only $880 psf during its launch last year. This comes as it attains its temporary occupation permit (TOP) and rides the ongoing transformation of the Thomson- Balestier area. At the moment, Balestier Road still...
Momentum of recovery in private residential rents also picked up PRIVATE home prices generally rose at a slightly slower pace in Q2 than they did in Q1, but latest official numbers show a broad-based growth in property prices - with stronger quarter-on-quarter gains for office, shop and industrial properties, as well as HDB resale flat prices in Q2 than in the first quarter. The momentum of recovery in...
Private home prices in Singapore continued to trend up, but at a slower pace. Data released by the Urban Redevelopment Authority (URA) on Friday showed that overall prices rose by 5.3 per cent in the second quarter of 2010, compared to 5.6 per cent in the first three months of the year. The increase pushed the residential property price index to an all-time high, surpassing the market peak of 181.4...
Private home prices in Singapore continued to trend up but at a slower pace. Data released by the Urban Redevelopment Authority showed that overall prices rose by 5.3 per cent in the second quarter of 2010, compared to 5.6 per cent in the first three months of the year. This was marginally higher than the initial forecast of a 5.2 per cent climb for Q2 reported earlier this month. The increase pushed...