Sales of uncompleted private homes continued to fall in November, making it the fourth consecutive month of decline. Just 600 units were sold last month, a 26 per cent drop over October. It was also the second time since January that private home sales have dipped below 1,000 units. November followed the trend in October, which showed a pickup in the number of high-end units being sold. More than half...
singapore property
As many as 14,500 new homes are expected to be sold in the whole of 2009, second only to the record of 14,811 units in 2007. Despite the high volume of sales, property consultancy CB Richard Ellis (CBRE) said the caveats lodged to date showed that the total selling price paid for new homes in 2009 was 58 per cent of that in 2007. CBRE said this was likely due to the dominance of mass market and mid-tier...
Location: East Coast Road / Siglap Road (District 15) Tenure: Freehold Year of Completion: 2014 Total Units: 114 (4-Storey with Attic) Unit Types: 1 bedroom ~ 366 - 495 sqft 1 + study ~ 463 - 603 sqft 2 bedroom / 2 + study ~ 689 - 732 sqft Penthouse ~ 775 - 1453 sqft Contact us at [email protected] with the following for more information: Siglap V / Name / Contact # / Unit Type...
Interest in waterfront homes at Sentosa Cove seems to have returned in recent months, as the opening of Resorts World at Sentosa looms. Since the beginning of November, a total of six properties — three luxury condominiums and three landed homes — have changed hands in the resale market at $1,406 to $2,423 psf. In the week of Nov 6 to 13, one of the 29 villas on Ho Bee Group’s Paradise Island — a...
Singapore appears to be losing a bit of its shine as one of Asia Pacific's top real estate investment markets. It slipped three notches among Asian markets in PwC's latest survey on where institutional investors prefer to put their money next year. Singapore was ranked number two last year. But it was placed number five among 20 cities in the latest report by PricewaterhouseCoopers (PwC). Shanghai was...
The completion of the upcoming Marina Bay Sands integrated resort next year and the VIP private preview of the 221-unit Marina Bay Suites have put the spotlight back on The Sail @ Marina Bay. Sales activity at the 1,111 unit The Sail has picked up pace in recent weeks. Nine transactions were done in the first week of November alone — versus 10 deals achieved for all of October. Prices achieved in the...
Industry players say the upcoming new measures to improve standards of the real estate sector here will not affect the property prices. The government has just finished gathering suggestions for a new regulatory framework for the industry. It will likely be introduced by the second half of next year. Industry practitioners said the government will likely introduce a central registry to list all...
Property consultant DTZ said on Tuesday there was less speculative activity in the third quarter this year. In a report, it said the proportion of sub-sales declined from 16 per cent in the second quarter to just 13 per cent in the third quarter. Sub-sales, which refer to re-sales that occurred before the completion of a project, are usually used as an indicator of speculative activities. Another...
There has been a series of transactions for apartments in the prime Draycott Drive-Draycott Park district from Oct 23 to 30. Five apartments in the exclusive neighbourhood located in the vicinity of the American and Tanglin Clubs were sold for prices ranging from $1,762 to $2,303 psf. The most prestigious development in the Draycott area is the 136-unit Draycott Eight, developed by Wing Tai Holdings and...
The government said on Monday the measures taken to cool the property market appear to have had the desired effect. Speaking in Parliament, National Development Minister Mah Bow Tan noted that since the measures were introduced, the sale of private homes fell 37 per cent on-month in September, and another 29 per cent in October. In September, the government removed the Interest Absorption Scheme and...