Singapore's property market will see a strong second quarter this year with the new home sales volume expected to hit 4,000 units. According to CB Richard Ellis, this would make it 11.3 per cent higher than the 3,595 new homes sold in the first quarter and close to the 4,241 units sold in the fourth quarter of 2010. CBRE said the top five projects which have contributed to the primary sales volume so far...
singapore property
The combination of cautious buyers and a lack of large new launches continued to put a dampener on new home sales over the past week. Far East Organization sold 63 units from its properties - excluding Eight Courtyards - with Woodhaven being the top seller with 46 units snapped up. The 337-unit development has now shifted 125 homes at an average price of $931 per sq ft (psf) since its private...
The 969-unit Caribbean at Keppel Bay is enjoying renewed interest among homebuyers, buoyed by strong visitorship to Sentosa Island with the opening of the Resorts World at Sentosa integrated resort, and growing anticipation of improved connectivity when the Circle Line MRT route is completed at year-end. Caribbean at Keppel Bay (developed by Keppel Land) saw four transactions on May 16 to 24, with prices...
Some truths are cast in stone. In real estate, "location, location, location" is said to be the most important thing that determines a property's value. In economics, the law of supply and demand - the more there is of one item, the lower its price - is often the foundation of all market theories. Both of them are about to converge in Singapore's housing market, where at least 10,000 new homes could...
Sales of residential private housing in the first half this year are set to beat the second half of 2010. But analysts said that will not prompt the government to introduce more property cooling measures in the short term. However, they noted that the last round of cooling measures may have had an unintended effect on driving up public housing prices. For the first five months, 6,810 private homes were...
Private home sales fell 12.7 per cent last month, compared to April, and analysts expect sales - as well as prices - to moderate further given the Government's plans to push out more supply in the coming months. Data released yesterday by the Urban Redevelopment Authority (URA) showed that 1,575 private homes were sold last month, compared to 1,805 units sold in April. Total sales, including Executive...
Data released Wednesday by the Urban Redevelopment Authority (URA) showed that 1,575 private homes were sold last month - a 12.7 per cent on-month drop from the 1,805 units sold in April. Including Executive Condominiums (EC), the total sales in May would have reached an even more impressive figure of 1,825. Chalking up the best sales was Terrasse at Terrasse Lane, which sold 184 units at a median price...
Skyline Residences is a freehold condominium located along Telok Blangah Road, just opposite the upcoming Telok Blangah MRT. It is in close proximity to Vivo City - Singapore's largest retail & lifestyle destination, the Sentosa Integrated Resort, and the Central Business District. Skyline Residences is strategically aligned with North-South orientation for all units. Enjoy exclusive living with...
Prices at Park Infinia at Wee Nam hit an all time high of $2,180 psf last month. This is the second time prices at the three-yearold condominium along Lincoln Road have breached the $2,000 psf level. Before this, a 560 sq ft unit on the 30th floor was sold for $1.13 million ($2,019 psf) in April. The 486-unit condo was developed by Keppel Land and completed in 2008. Across the road, at the 85-unit Miro by...
Thomson Grand is a new condo cum strata houses development in Thomson. It is ideally located where it is easily access via major roads and expressways such as Upper Thomson Road, the Pan Island Expressway and the Central Expressway. The residents of Thomson Grand enjoy the convenience of the public transportation system to rest of Singapore via the Marymount MRT Station. Thomson Grand is a popular choice...