For private property owners, the 60-year mark is considered a major milestone — they could either watch their properties depreciate in value or opt for a collective sale. Although banks are generally reluctant to lend to owners of older properties, things are not as bad as they seem since there are still some banks that are flexible with mortgages on older properties, and there is the Central Provident...
singapore property
10 Shelford is the ticket to a relaxed yet sophisticated lifestyle for discerning individuals who appreciate the finer things. An exclusive development with lavish units await you in the central part of Singapore. Every essence of prestige and dynamism presents itself when you inhabit the ravishing address. With incredible amenities and facilities, you lead a flawless lifestyle. Featuring 69 residential...
Rental growth for residential units is expected to moderate over the next few years, as 30,491 new homes come onstream in 2013. This is according to property consultants. Data out earlier from the Urban Redevelopment Authority showed that residential rental growth slowed down to about 1 per cent in the first quarter this year - the slowest pace in more than a year. And the downward trend is expected to...
Escape the hectic pace of city life and discover the simple pleasures of living at Terrasse. A private Eden set amidst the quiet charm of northeastern Singapore, Terrasse provides a modern, contemporary and luxurious lifestyle nestled in the warm embrace of nature’s many delights. As soon as you step inside Terrasse, a line of majestic yellow rain trees sway tantalizingly in the warm breeze, soothing...
The Foresta is located in the southern precinct of Singapore, next to Mount Faber at Wishart Road. Set in a serene enclave away from the hustle and bustle of the hurried world, it offers 141 units of luxurious condo living with unparalleled lifestyle and convenience. The Foresta is only ten minutes away from the Central Business District (CBD). It is within close proximity to Vivocity, Sentosa, and the...
A record bid by CapitaLand for a plot of land in Bishan has put the spotlight on homes in the area such as Rafflesia Condo and Bishan 8. In February, CapitaLand’s bid of $550 million, or $869 psf per plot ratio, for the 99-year leasehold site at Bishan Street 14 came out tops among 19 bids. CapitaLand has partnered Mitsubishi Estate Asia to develop a 600-unit condo on the 129,137 sq ft site and is...
The Government's measures to cool the exuberance in Singapore's property market have started to affect home-buying decisions, according to property website iProperty.com's 2011 Consumer Property Sentiment Survey. Some 59.2 per cent of respondents say they are affected by the measures and are either modifying their property buying, selling or renting decisions, or are halting plans to buy or sell for...
Singapore Prime Minister Lee Hsien Loong said the government could have moved more quickly and efficiently to address the shortfalls in the country’s housing and transport industries. The Prime Minister also acknowledged that things do not always go as planned and there might be side effects from the government’s decisions. The government has had to “watch the wind and the tide and we have to pick...
The price gap between uncompleted and completed private homes narrowed in the first quarter of this year. Data from property consultancy SLP International's first quarter residential market report shows that high-end and mid-tier properties have been the most affected. Uncompleted homes usually command higher prices. A narrowing of this gap, caused by a drop in uncompleted home prices could reflect...
The Esta may be facing the busy Mountbatten Road but demand continues to be strong at the 400-unit freehold condominium, owing to its easy access to the city and a wide range of amenities at Katong. A unit at The Esta was sold for $1,325 psf this month, the first time it has breached the $1,300 psf level since last December. The peak was recorded previously in October, when a 1,399 sq ft three bedroom...