There’s been a spurt in sales at Nuovo in Ang Mo Kio recently, after the executive condominium (EC) crossed the five-year minimum-occupation period. Seven units changed hands from Sept 4 to 11, according to caveats lodged with URA Realis. In 2006 and 2008, there was only one transaction each, and two deals in 2007. Owners who sold recently are taking advantage of the “Centro-effect”, caused by the...
singapore property prices
In the latest caveats for the week of Aug 28 to Sept 4, there were four transactions for apartments in the $7 million range, mainly for existing freehold projects in the luxury prime districts of 9 and 10. One is a 3,477 sq ft second-floor unit at the 32-year-old Nassim Mansion, a luxury freehold 72-unit development on Nassim Hill in a neighbourhood of Good Class Bungalows. It was sold for $7.5 million...
Singapore private property prices in the third quarter saw the steepest quarter-on-quarter increase since 1981. The Urban Redevelopment Authority's (URA) flash estimates showed private home prices rose 15.9 per cent in the third quarter - a sharp turnaround from the 4.7 per cent fall in the second quarter, and snapping four straight quarters of decline. Overall, prices are back to where they were at the...
There has been a pick-up in sales of landed property at Frankel Estate recently. An established landed residential enclave, it’s located within a short driving distance of the Kembangan MRT station and within walking distance of eateries along Siglap Road. It is also in the proximity of good schools like Victoria Junior College, St Patrick’s School and Tao Nan School. According to caveats lodged with...
In the Marina Bay area, transactions at Marina Bay Residences have once again reached stratospheric levels, with prices returning to levels seen in 2H2007. Sub-sales of units at Marina Bay Residences have steadily crept up from a low of $1,433 psf in April to a high of $2,500 psf last month. This is the highest price per square foot achieved not just in 2009 but since May last year, when a 3,961 sq ft...
Prices of 99-year non-landed homes sold in the third quarter of this year have increased across the board – across new, resale and sub-sale markets. CB Richard Ellis, the world's largest commercial real estate services firm, said its analysis of caveats lodged showed an 11.0 per cent in median prices of new leasehold homes - from S$825,000 (S$660 psf) in the second quarter to S$916,000 (S$769 psf) in...
The encouraging response to the launch of City Developments’ 85-unit high-end Volari (the former Garden Hotel) at an average price exceeding $2,000 psf and improved sentiment in the property market have lifted prices of condominiums in the Balmoral neighbourhood. Adjacent to Volari is the 40-unit Sui Generis, jointly developed by Kajima Overseas Asia and United Engineers, and which set a benchmark for...
Released in early July, Wing Tai Holdings’ 373- unit Ascentia Sky is seeing units being sold at an average of $1,200 to $1,300 psf. Owners of the 382-unit Metropolitan completed in June have also seen prices trending upwards on the secondary market. Units at The Metropolitan started crossing the $1,000 psf mark in June for the first time this year. Earlier, only a handful of units changed hands at the...
Last month, more than 20 landed homes in Serangoon Gardens and Lorong Chuan areas changed hands, according to URA Realis database of caveats lodged. From July 24 to 31 alone, contracts were signed for 10 properties — seven terraced houses, a pair of semi-detached homes and a single-storey bungalow. One of the oldest housing estates in Singapore, Serangoon Gardens Estate was built for British soldiers...
Homes in the primary market, or new ones sold by developers to owners, traditionally cost five to eight per cent more than those in the secondary or resale market. But this gap is growing to between 10 and 20 per cent as the Singapore property market heats up. Developers have sold more than 10,000 new private homes to date in 2009, more than double the total in 2008. And while sales in the secondary...