Private home prices in Singapore fell slightly in February, according to the NUS Singapore Residential Price Index. The overall index fell 0.4% from January. The index covers completed non-landed properties in the central and non-central regions. The index for properties in the central area rose 1% in February, but that for non-central properties showed a decline of 1.5% from the previous month. The...
singapore property
Parkview Éclat, the 35-unit boutique condominium development along Grange Road, saw two units change hands in the resale market last month as owners cash out after the project was completed last year. The property is developed by Hong Kong headquartered property developer Chyau Fwu Group, renowned for its Parkview Square art deco office tower along North Bridge Road. Parkview Éclat also bears the...
Wendy Cheng, 32, has been trying to buy a home for over two years but without success. Cheng and her American teacher husband cannot afford property on the open market where a government-built apartment can fetch as much as $700,000, and they have been unsuccessful in balloting for flats available from the state at a cheaper price. At her last attempt to buy an apartment directly from Singapore’s...
The last two rounds of the government’s property cooling measures may have driven more home buyers to opt for smaller and cheaper homes, according to new research. Property analysts attributed the trend to the tighter loan-to-value (LTV) ratio for home buyers with existing mortgages. The LTV ratio has been cut twice since last year, from 80 percent to 70 percent in August 2010, then to 60 percent in...
The Scotts Tower is a 31-storey, 231-unit development consisting of 1 to 3-bedroom apartments and 4-bedroom penthouses; expansive landscaped gardens, sky terraces, penthouse roof gardens and diverse recreational facilities. The concept of The Scotts Tower is that of a vertical city incorporating a variety of residence types and scales. In addition, outdoor green areas in the form of sky terraces,...
It's all about location for property developers who are on the lookout for quality land parcels. Recent land tenders of government land sites close to MRT stations or regional centres have seen bids as high as S$550 million or S$869 per sq ft per plot ratio. Market watchers say competition among developers for such sites will heat up, now that developers are churning out projects at a much faster...
Two units at Pristine Heights were sold at record prices last month, with one setting a new high of $1,264 psf and another hitting $1,257 psf. The prices are above the peak of $1,202 psf in 2007, when a 732 sq ft unit on the 17th floor was sold for $880,000. The 60-unit freehold apartment along Mergui Road is seeing renewed interest from homebuyers following the launch of Cityscape at Farrer Park a block...
Seven key regulatory changes to the property sector have been proposed by the Urban Redevelopment Authority (URA). These are aimed at making the industry more transparent and to raise protection for home buyers. This follows last week's announcement by National Development Minister Mah Bow Tan in Parliament that the Housing Developers Act and Housing Developers Rules would be enhanced. The new changes...
Sales of new private homes moderated in February but the total still came in above the key 1,000-unit level. Data released yesterday by the Urban Redevelopment Authority (URA) showed that 1,101 private homes were sold last month, down from 1,209 in January. Including executive condominiums (EC), the total number would be 1,228. Chalking up the best sales was Waterfront Isle at Bedok Reservoir Road, where...
Private residential home sales in February continued to fall, reaching a four-month low. Data released on Tuesday by the Urban Redevelopment Authority (URA) showed that 1,101 private homes were sold last month. That is an 8.9 per cent drop from the 1,209 units sold in January. Including Executive Condominiums, the total sales would have reached a total of 1,228. The suburban region which saw the most...