Homes near MRT stations generally enjoy strong demand. For homes in mature estates with shopping centres and other amenities, demand is well supported — even in a quiet market. One such development is Queens, located a short walk from the Queenstown MRT station. The 722- unit, 99-year leasehold condominium comprises three 39-storey towers. The eight-year-old condo along Stirling Road is near good...
singapore property
Prime residential rentals in Singapore have been boosted by new supply in the third quarter. According to preliminary estimates from Jones Lang LaSalle, average prime non-landed residential rental experienced a slight uplift of 1.1 per cent quarter on quarter. It rose to $4.65 per square foot per month in the third quarter as higher rentals commanded by the new completions benefited the rentals in the...
The number of property units sold in the third quarter has continued to fall from the previous quarter. According to CB Richard Ellis, some 3,300 to 3,500 new property units were sold in the three months to September. This is lower than the 4,033 and 4,380 units sold in the second and first quarters respectively. CBRE said residential market activity in the third quarter moved at a steady pace until it...
Around 34 residential developments with more than 8,800 units are planning to be launched by June 2011 with most of it to be mid-tier and high-end developments. Developers believe that the latest round of government measures announced on Aug 30 to dampen demand for private homes and HDB flats will impact mostly the mass market. They are hopeful that the mid-tier, high-end and luxury segments will see...
Private property prices in Singapore have remained at affordable levels to first-time home buyers despite the recent run-up in the housing market here. The government's recent announcement of cooling measures also had little impact on affordability. The Real Estate Developers' Association of Singapore (REDAS) said this may help boost prospects in the local property market. These days, first-time buyers...
The property investment market in Singapore recorded S$5.91 billion in sales for the third quarter of 2010. This is an 86 per cent on-year growth, according to property research firm Jones Lang LaSalle (JLL). However when compared to the previous second quarter, investment property sales slipped eight per cent. Still, there are several deals under conditional contracts worth more than S$590 million and...
Suites at Orchard is located at Handy Road near to Selegie Road and Orchard Road. It is situated next to Cathy Orchard and Plaza Singapura Shopping Mall. Amenities are aplenty around 8 @ Mount Sophia. Supermarket, fashion boutiques, cafes, banks, clinics, salons and other essentials are just around the corner. Schools including the Singapore Management University, School of the Arts & LASELLE-SIA...
The recent property-cooling measures are not likely to have a significant long-term impact on the overall real estate market in Singapore, with global economic issues playing a larger role, property experts speaking at an industry seminar said yesterday. "Generally, the property price is affected by external factors or the growth of the Singapore property prices is because of the improved economy....
The dizzying rise in property prices here is not sustainable and the market may be heading for a hard landing in one to two years' time. When that happens, property values may fall by as much as 50 per cent, according to an expert at a real estate forum yesterday. Property experts speaking at the National University of Singapore's Institute of Real Estate Studies Forum said that excess liquidity in the...
Not for the time being, but the expected decline in HDB resale prices may cause investors to think twice Since the announcement of the property market cooling measures late last month, I have been frequently asked the question: When can we expect private housing prices to correct? We have had two weekends and at least one major developers' preview of a condominium project in Pasir Ris to gauge the...