The launch of The Vision condominium along West Coast Crescent by Hong Kong developer Cheung Kong (Holdings) in mid- March at $1,000 to $1,200 psf set a new price benchmark for the West Coast area. For instance, the two penthouses in the develop ment were sold for $1,332 psf in the first weekend of private previews. The development — designed as a high-end product, setting a new benchmark for condos in...
singapore property prices
Landed homes in Opera Estate have increasingly breached the $1,000 psf level this year. Of the 16 transactions worth more than $1,000 psf from May 1997 to May 2010, half were carried out this year, according to caveats lodged with URA Realis. The peak of $1,301 psf was hit when a terraced house at Taman Siglap Road was sold for $2.1 million in February. Opera Estate is located near the Bedok MRT station...
Pebble Bay, a 510-unit waterfront condominium in Tanjong Rhu, has seen strong interest from home-buyers since early this year. Prices climbed to a high of $1,389 psf in January when a 2,099 sq ft three-bedroom unit on the sixth floor changed hands for $2.9 million, surpassing the previous high of $1,372 psf achieved at the condo in the previous peak of 2007. According to Sheirly Leo, ERA Realty Network...
Spring Grove along Grange Road has seen prices climbing since March last year and fast approaching the peak of $1,792 psf achieved in January 2008, when a 1,388 sq ft unit on the fourth floor was sold for $2.49 million. Last month, prices hit a high of $1,700 psf when a 2,701 sq ft unit on the 19th floor was sold for $4.6 million. The 14-year-old, 325-unit condominium comprises three blocks of two- to...
Citylights, the 600-unit condominium located on Jellicoe Road and just across the street from the Lavender MRT station, has been on the radar of property investors on the lookout for apartments in the city area lately. Developed by CapitaLand, the project comprises four 42-storey condo blocks and a row of conservation townhouses. The 99-year leasehold development was first launched in late 2004, and...
Maplewoods may be 13 years old but the 697- unit freehold condominium located along Bukit Timah Road has seen a resurgence of interest from home buyers. Prices have seen strong support at the $1,000 psf level since the start of the year. For the first time since January 2008, prices crossed the $1,200 psf level when a 1,410 sq ft unit on the fifth floor of one of the five blocks changed hands for $1.69...
Since October last year, transaction prices of apartments at the 646-unit Icon near the Tanjong Pagar MRT station have increasingly crossed the $1,700 psf level. Most recently, one unit went for $1,828 psf. Last October, a unit breached the $2,000 psf level for the first time since June 2008 — in that transaction, a 1,001 sq ft unit on the 44th floor changed hands for $2.2 million, or $2,206 psf. The...
The buzz of excitement at the Marina Bay area with the opening of the US$5.5 billion ($7.5 billion) Marina Bay Sands integrated resort (IR) on April 27 is resulting in a pick-up in sales activity at the neighbouring Marina Bay Residences. The 55-storey, 428-unit upscale condominium tower is expected to be completed soon. Prices at the 99-year leasehold high-end condo are fast approaching 2007 peak levels....
Prices of non-landed private homes outside Singapore's prime districts are now growing at a faster rate than prices in the prime districts, according to a new index compiled by the National University of Singapore (NUS). Flash estimates for March released yesterday show that 'non-central' home prices climbed 1.2 per cent last month, taking the first-quarter rise to 4.4 per cent. In contrast, prices in...
When the Government introduced measures to cool the property market in February, the steps were not intended to stop prices from rising. Instead, they were calibrated to temper exuberance in the market and pre-empt a property bubble from forming, Minister for National Development Mah Bow Tan told Parliament yesterday. Overall, property prices increased 5.6 per cent in the first quarter this year compared...