RiverSails is located at Upper Serangoon Crescent / Upper Serangoon Road. It is minutes away from Buangkok MRT & Hougang MRT, and shopping malls such as Sengkang Plaza Shopping Mall, Hougang Mall, Hougang Plaza and Hougang Town Central. With a site area spanning spaciously over 265,012 sqft, RiverSails gives one much room and various facilities to enjoy and relax. Residents can also opt to enjoy a...
singapore property
Brisk sales by developers for private homes continued last week. In the CBD, United Industrial Corporation (UIC) is said to have moved close to 50 units at its V on Shenton project, taking total sales in the project to over 140 units. The 54-storey tower was launched on 20 July with 190 out of its 510 units released. Apartments at the 99-year leasehold project are being sold at an average price of S$2,200...
Prices of resale private homes in Singapore were flat month-on-month in June, according to flash estimates of the Singapore Residential Property Index (SRPI) by the National University of Singapore (NUS). The index covering small units of 506 square feet and below - otherwise known as shoebox apartments - fell most sharply, by 1.4 percent. This is in contrast to the 1.9 percent increase recorded in...
About two weeks ago, property analysts at Credit Suisse released their findings of a survey it conducted to obtain a clearer picture of buyer behaviour given the strong sales at private residential project launches this year. It said its sample of 300 households had a profile that matched the Singapore population "quite accurately", with 80 per cent living in public housing and with close to 9 in 10...
The Urban Redevelopment Authority (URA) released today the real estate statistics for 2nd Quarter 2012. Prices of private residential properties increased by 0.4% in 2nd Quarter 2012, compared to the 0.1% decrease in the previous quarter. Prices of non-landed properties in Core Central Region (CCR) and Rest of Central Region (RCR) increased by 0.6% and 0.4% respectively in 2nd Quarter 2012, compared to...
Monthly rentals of luxury apartments fell 0.8 percent in Q2 this year due to tighter immigration rules, noted Colliers International Research. The consultancy stated that stricter immigration controls affected spill-over leasing demand from foreigners who cancelled or postponed their buying decisions due to the additional buyer’s stamp duty (ABSD). “Coupled with the seasonal summer break lull, the...
Housing prices in Singapore could fall 10 to 15 percent in the next 12 months, according to a report by UBS. UBS claimed that while the property market remains resilient despite the government’s cooling measures, it is near a tipping point. However, this outlook is significantly more pessimistic than other expert predictions which expect stable prices or a lesser decline of up to five percent. While...
Private home prices in Singapore have been on an uptrend post-global financial crisis, with the market having risen about 55 per cent since the middle of 2009 to hit a new high. Excess liquidity in Asian markets, a lacklustre United States economy and weakening European markets - as well as local factors such as low mortgage rates, higher immigration numbers, rising affluence and decreasing household sizes...
National Development Minister Khaw Boon Wan's comments in Parliament on the state of the property market illustrate the conundrum of viewing a glass of water as being half full or half empty. Noting that residential property prices have moderated in recent months, he said the various measures to cool the market "have helped buyers, including those at the middle and low end of the market". Growth in mass...
More homebuyers are returning to the private residential resale market as it is seen to offer better value compared to new projects launched by developers. In fact, the gap in median prices of new and resale transactions has also narrowed. That's according to real estate agency Dennis Wee Group (DWG). In a report, DWG said the caveats lodged in the secondary market climbed about 33 per cent in the...