The Mountbatten area has seen transactions of landed homes pick up pace in recent months, with a couple of bungalows on Branksome Road, Wilkinson Road and, most recently, Ramsgate Road changing hands at prices above $1,000 psf since the start of the year. Bungalows in the Mountbatten area are very much sought after,” says William Wong, managing director of RealStar Premier Property, who specialises in...
singapore property prices
Prices of Singapore's private homes market defied recent property cooling measures and continued their upward climb in the first quarter of this year, even though the rate of growth has moderated slightly. Statistics released by the Urban Redevelopment Authority (URA) on Friday show private residential properties prices rising to 175 points for the first quarter of this year, around 5.6 per cent higher...
Private home prices continue to rise first quarter this year but at a slower pace. Final data released by the Urban Redevelopment Authority (URA) showed that prices were up 5.6 per cent slightly higher than the initial estimate of 5.1 per cent. But the rate of price growth has moderated from the 7.4 per cent increase recorded in the fourth quarter last year. URA said private home prices rose across all...
PROPERTY owners big and small are on track to reap big benefits, thanks to the opening of 11 new stations on the Circle Line, according to a report. Industrial landlords such as Ascendas Reit (A-Reit), Mapletree Logistics Trust (MapletreeLog) and Suntec Reit own large properties around these stations and will see gains from the new transport route, said Credit Suisse. Its report also showed that property...
Since the start of the year, units at Kovan Melody have increasingly crossed the $800 psf level, which is especially good news to sellers who purchased their units for less than $500 psf when the project was first launched in 2004. According to a March 10 caveat lodged with the URA, an 893 sq ft unit on the 15th floor was sold for $800,000, or $895 psf, surpassing the peak in 2007. The 778-unit Kovan...
PRICES of resale executive condominiums (ECs) have risen much faster than those of private mass market homes in recent years, and have hit yet another high, a recent study has found. From the first quarter of 2007 to the first quarter of this year, the prices of resale ECs shot up 70 per cent, compared with the 39.6 per cent rise in mass market private home prices, the study from Savills Singapore...
Real estate agents say executive condominiums (ECs) have become more popular. They are the next best thing for those who are priced out of the private condominium market, where prices have been hitting new highs recently. Property agents said that in the last two to three years, the price of each square foot has increased by about 70 per cent. In the first quarter of this year, the resale value of each...
In the secondary market, the soon-to-be-completed One Amber along Amber Gardens is seeing interest from buyers. The 562-unit freehold condominium project jointly developed by Singapore Land, UIC and UOL Group has four 23-storey blocks. In the week of March 9 to 15, four units at One Amber changed hands at prices between $1,163 and $1,250 psf, according to caveats lodged with URA Realis. Those who bought...
WITH prices of public housing busting records in recent months and concerns escalating over supply and affordability, the man overseeing Singapore's red-hot property market has found himself in the hot seat. But the ever unflappable National Development Minister refuses to be unnerved by the emotionally charged debate now playing out online and in newspaper forums. Rather, in his first full interview...
WITH both public and private property prices continuing to rise in tandem, developer Simon Cheong's call last week for private property prices to remain unfettered by government intervention seems not only contradictory but perhaps also misguided. Property developers have long had a constructive relationship with the government. Indeed, the reserve list system of the government land sales (GLS) programme...