Outside the prime districts of 9, 10 and 11, the East Coast area (Districts 15 and 16) has traditionally been a draw for expatriates. In the last two years, the area has proven to be especially popular with mainland Chinese and Indian nationals, says Wendy Tang, director of residential services at Knight Frank. “Those who are permanent residents tend to buy for their own occupation, while non-PRs are...
singapore property
New project launches are expected to slow down as developers hold off launching projects over the next few weeks. The traditionally inauspicious Hungry Ghost Festival could be one reason, but analysts say uncertainty over global economic issues could be a more of a concern. According to The Straits Times, several developers confirmed that they are not planning to launch any new projects this month, but...
Singapore property prices may continue climbing this year, contrary to a widely expected downturn, according to results of a survey by online portal PropertyGuru.com.sg. Most respondents said property in Singapore will remain expensive, and they are setting their sights on alternatives like commercial property and real estate investments overseas, the survey showed. Rising property prices are pushing...
New condominiums in the city fringe, particularly those next to MRT stations and near the heritage area of Little India, have seen prices setting new highs recently. According to caveats lodged with URA, over the week of June 28 to July 5, a seventh-floor 570 sq ft studio apartment at City Square Residences located at Kitchener Link was sold for $975,000, or a record $1,709 psf. Another unit in the...
Three Balmoral. A coveted address that signifies prestige like no other. An exclusive development in the Prime District 10 for the creme de la creme of society. Eneveloped within the serenity of nature, life is beautiful with rustling leaves orchestrating the soundtrack of your sanctuary. Location: Balmoral Road (District 10) Tenure: Freehold Year of Completion: 2016 Total Units: 42 Unit Types: 1 + Study...
Singapore’s luxury prime market remained stable in the second quarter, as home buyers stayed cautious after recent cooling measures implemented by the government, according to a report from global real estate services firm Jones Lang LaSalle (JLL). “Despite the low interest rates environment, capital values for the Singapore luxury residential market is expected to remain stable,” said Jacqueline...
Home buyers and real estate investors are less optimistic about property affordability than they were in the first quarter of this year, according to the results of a survey on property market sentiment, compiled by PropertyGuru. The survey shows that 79 percent of all respondents believe property in all categories in Singapore is expensive, an increase from 75 percent in the previous quarter. Conducted...
Good Class Bungalow (GCB) deals have continued to dry up this month following the slowdown seen in the first half of 2011. Just one caveat for a bungalow in a GCB area has been lodged for July so far, for a property at Andrew Road that sold for $8.88 million, or about $780 per square foot on land area. There may be a few more caveats for deals sealed in July to trickle in over the next few weeks, say...
The threat of further Government intervention in the residential property market has been hanging like the Sword of Damocles over the last one year, resulting in a sense of unease for both buyers and sellers. During that period, we saw two rounds of measures imposed by the Government to cool the residential property market - one in August last year and the other in January this year. However, recent...
More prospective home buyers are concerned about rising prices and many believe properties in Singapore are too expensive. Real estate portal PropertyGuru.com.sg's consumer property sentiment index fell to 2.6 (from a scale of 5) in the second quarter, compared to 2.8 in the previous quarter. "What it says is that buyers expect the transactions and prices to carry on going up and so the expectation is...