Aspen Heights may be 11 years old, but the massive 606-unit condominium located along River Valley Road has been enjoying a resurgence of interest from homebuyers, riding on strong sales of new developments nearby. After only 15 transactions hovering at the $1,000 psf level in the first half of 2009, more than 30 units have changed hands in 2H2009, with prices surging past $1,400 psf. For the period Dec 23...
singapore property
The opening of the second phase of the Circle Line MRT in April is definitely something to look forward to for residents living nearby. But those looking to sell or rent their homes are set to benefit as well. Property agents said the opening of the 11 new stations along the Circle Line is likely to push property prices up. Agents MediaCorp spoke to estimate home prices will increase by 10 per cent while...
Rising tall from the edge of the Singapore River is Centennia Suites - an iconic landmark with a signature address that makes a bold statement. Not just about the developer and the architect; but also about the people with the means and discernment to call this home. Inspired by the intricate patterns of flowing water, the brilliantly simple and uncluttered contoured architechtural facade conjures up a...
Location : 53 Holland Rd (District 10) Tenure : Freehold Year of Completion : 2011 Site Area : 3,376.10 sqm (36,340.34 sqft) Total Units : 26 Unit Types : Garden Unit ~ 2 Bedroom & Library (1,281 sqft) Garden Unit ~ 3 Bedroom (1,496 sqft) Garden Unit ~ 3 Bedroom (Loft Units 1,841-1,970 sqft) Garden Unit ~ Triplex (3-Storey) (2,756-3,261 sqft) 1 Bedroom + Study (1,668 sqft) 2 Bedroom (Level 1 /...
Private home prices in Singapore continued to recover in the fourth quarter of last year, growing 7.4 per cent on-quarter. According to data from the Urban Redevelopment Authority, the rise is a slower pace from the 15.8 per cent jump in the previous three months. But analysts expect the cost of homes to still creep up this year, and match the peak levels seen in the second quarter of 2008. Mass market...
Private previews of The Shore Residences (the former Rose Garden enbloc site) by Far East Organization in December followed by an official launch on Jan 1 drew crowds to the showflat on weekends. The new 408-unit development opposite Katong Shopping Centre has seen close to 200 units sold at an average price of $1,175 psf as at last week. What’s more, the project has also spurred renewed interest in the...
Location: Yishun Ave 1 (District 27) Tenure: 99 years leasehold Year of Completion: 2013 Site Area: approx. 291,379 sqft Total Units: 608 (7 blocks of 15-17 storeys) Unit Types: 1 Bedroom ~ 592-603/678sqft 2 Bedroom ~ 904-926/1098-1119sqft 2+Study ~ 1119/1281sqft 3 Bedroom ~ 1184-1302/1302-1442sqft 4 Bedroom ~ 1453-1528/1614sqft Facilities: ~ 50 m Lap Pool ~ Lagoon Pools ~ Wading Pool ~ Outdoor Dining...
Many property owners have been asking us: Is it time to sell en bloc? Are developers ready to buy? Should we start the process now, or wait for the market to pick up further? Are the new en bloc laws too onerous? In 2007, there were more than 100 such deals, but 2008 saw fewer than 10, and there was just one last year. So what is in store for 2010? We certainly do not have the answers to all of these...
WHICH gives you better returns in terms of capital gains? Freehold or leasehold? Neither really. The evidence is inconclusive. Some years back, I made several comparisons. Depending on the period analysed or property cycle selected, you can declare one better than the other. What this really means is: You do get what you pay for. There is some confusion in the market which only benefits unscrupulous...
Mass market and mid-tier projects dominated the private residential market last year. Sales recovered at a healthy clip - with 14,725 units changing hands for the whole year. That is a shade off the 2007 peak of 14,811 units, according to figures released by the Urban Redevelopment Authority (URA). Observers said foreign buyers, mostly from China, contributed to the strong sales. Colin Tan, head of...