Apartments at Casa Merah changed hands at above $800 psf in the secondary market between Sept 11 and 18. The surge in price was probably because of the successful launch of neighbouring Optima @ Tanah Merah in August. The new development, which will sit next to Casa Merah along Tanah Merah Kechil Avenue, saw apartments sold at above the $800 psf level. As at end-August, all the units at The Optima were...
singapore property
Sales of uncompleted private homes took another dip in September, the second month of decline, after hitting a record high in July where 2,772 units were sold. A total of 1,143 units were sold last month, a 36.6 percent fall from August. Market watchers said this level of activity is more sustainable going forward. 5,719 units were sold in the third quarter alone, more than the whole of last year. But...
If you are thinking of investing in small apartments measuring less than 500 sq ft because they are cheaper, you may want to think again, according to property experts. As there are only a few "shoe box" housing units available on the market, and with a popularity that's still in the early stages, analysts said the returns on investment in these properties could be limited. "This is a non-standard...
There’s been a spurt in sales at Nuovo in Ang Mo Kio recently, after the executive condominium (EC) crossed the five-year minimum-occupation period. Seven units changed hands from Sept 4 to 11, according to caveats lodged with URA Realis. In 2006 and 2008, there was only one transaction each, and two deals in 2007. Owners who sold recently are taking advantage of the “Centro-effect”, caused by the...
Revenue from government land sales fell 41 per cent to S$7.3 billion in the last fiscal year ended March 2009. But analysts said despite the decline for the full year, land prices have actually risen 30 per cent in the past six months and there are some concerns that this could lead to another property bubble. Showflats have been packing in the crowds for many months now. Demand for land has also picked...
Property consultancy DTZ said on Thursday investment sales here tripled in the third quarter of this year. Total property investment value in the July to September period jumped 200 per cent on-quarter to S$2.3 billion. Historically though, the figure is still below the S$4 billion to S$12 billion mark achieved quarterly between 2005 and 2008. DTZ attributed the increase in investment sales in the third...
Mainboard-listed high-end property developer, SC Global, said on Wednesday it has sold six units of its project at Sentosa for record prices. The units of its Seven Palms Sentosa Cove development were sold at an average price of about S$11 million per residence, with prices ranging between S$3,100 and S$3,400 per square foot. These are higher than the previous peak of about S$2,734 per square foot for a...
Sales of small non-landed private properties in Singapore have hit an all-time high, even before the year has ended. According to property consultant CB Richard Ellis, 412 units with a size of 500-square-feet or smaller have been sold this year so far. This is a stark contrast to 1995, when just one unit of that size was sold. CBRE said it has seen a rising trend in the popularity of such small homes -...
Located in a quiet neighbourhood of popular district 10, Parvis (formerly Holland Hill Mansion) boasts a well-known address highly sought after by both locals and expatriates. The development is highly accessible via major roads, such as Holland Road, Queensway and Farrer Road and nearby Farrer MRT Station and Holland MRT Station. The Singapore Botanic Gardens, Holland Village and...
Property developers in Singapore are calling for the government to release more land sites in less central areas so that they can build more affordable mass market homes. On the sidelines of a lunch hosted by the Real Estate Developers' Association of Singapore (REDAS) on Friday, industry players said demand for private homes will continue to rise and push up prices. It said most of the recent...