The median resale prices of executive condominiums (ECs) have increased 63 per cent in the last two years, riding on the bull-run in the private residential market. Property consultancy CB Richard Ellis said caveats lodged for ECs in the resale market in October this year showed prices at S$519 per square foot. This is 63 per cent higher from the bottom of the market in the third quarter of 2006 when ECs...
singapore property
Sales of private homes have dipped to their second lowest level this year in October according to data released by the Urban Redevelopment Authority (URA) this week. While market observers believe that this downward trend was the result of the recent anti-speculative measures introduced by the Government, some analysts are sceptical that the market has started to cool. According to statistics, sales of...
The Serangoon Avenue 3 area came into focus last month when Hong Leong Holdings won a land parcel there in a government tender with a bid of $221 million, which works out to $529 psf per plot ratio. Property consultants expect the breakeven price for the future condominium project to be between $900 and $950 psf. Hong Leong says it intends to develop the site into a 400- unit condo, which is targeted for...
Adria is inspired by the charm and ambience of the Adriatic coast in Italy. Adria is situated at Derbyshire Road, a short walk from Novena MRT Station in prime district 11. Located near Novena Square and a short drive away from the shopping paradise of Orchard Road, residents will enjoy a host of amenities in the vicinity. Adria is also within walking distance to Saint Joseph’s Institution...
Sales of uncompleted private homes continued to fall in October, making it the third month of decline in a row. Just 811 units were sold last month, a 29 per cent slide compared to September. This is also the first time since January that private home sales have dipped below 1,000 units. However, October saw a pickup in the number of high-end units being sold. While mass market homes have been dominating...
The luxury residential segment is starting to see prices inch back to peak levels recorded in late 2007 and 1Q2008. The bellwether of luxury condos, Wheelock Properties’ Ardmore Park recently saw two units change hands in the resale market at above $3,000 psf, according to caveats lodged with URA Realis from Oct 9 to 16. Some property consultants attribute it to owners re-setting their prices to more...
Location: Namly Place (District 10) Tenure: Freehold Year of Completion: 2013 Total Units: 11 Unit Types: Bungalows ~ 5,974 - 6,523 sqft (5 bedroom) Location Map Site Plan Floor Plans: House No. 41 . House No. 43 . House No. 45 . House No. 47 . House No. 49 & 51 . House No. 53 . House No. 53A . House No. 53B . House No. 53C . House No. 53D Contact us at [email protected] for more...
The rise in risk appetite and sharp rebound in financial markets since the start of the year may have outpaced economic fundamentals, according to the Monetary Authority of Singapore (MAS) in its annual Financial Stability Review on Monday. The MAS noted that although Asia has bounced back from the financial crisis faster than expected, the global economic outlook remains uncertain. This is because the...
WITH the recent release of third-quarter real estate data, it may be timely to ask: Is there a real estate bubble, and if so, how bad is it? When the figures were unveiled in the last week of October, private-housing prices were out-of-sync with the rest of the market. Prices and rents were down for the other major sectors - office, retail and industrial. These trends were in line with current economic...
The Singapore government is boosting the supply of private residential sites in the first half of next year. It has announced new sites for sale, which could yield over 10,500 homes – the highest number of units since the Government Land Sales (GLS) Programme started in the second half of 2001. The Urban Redevelopment Authority (URA) said on Friday that in deciding supply, it looks at market conditions...