Location: Upper Thomson Road (District 26) Tenure: Freehold Year of Completion: 2012 Total Units: 479 (1 block of 14 storey, 3 block of 5 storey) Unit Types: 1 bedroom ~ 517 - 635 sqft 2 bedroom ~ 915 - 1,238 sqft 2 bedroom + PES ~ 969 - 1,238 sqft 3 bedroom ~ 1,184 - 1,518 sqft 3 bedroom + PES ~ 1,356 -1,776 sqft 4 bedroom ~ 1,625 - 2,077 sqft 4 bedroom + PES ~ 1,981 - 2,121 sqft Garden mansionette ~...
singapore property
About 65 per cent or 215 units of The Gale condominium development in Loyang were sold at a preview that started last Friday. The units were sold at an average price of S$650 to S$700 per square foot. Due to the strong demand, Hong Leong Holdings had decided to release more than the 80 units originally slated for release. The official launch of The Gale will be held this Saturday, July 18. Hong Leong...
Location: Tanah Merah Kecil Avenue (District 16) Tenure: 99-years leasehold from 09 Dec 2008 Year of Completion: 2012 Total Units: 297 (5 towers, 14 storeys) Site Area: 106,299.88 sqft Facilities: Full facilities condo with free form pools and tennis court Unit Types: 1 bedroom ~ 504 - 596 sqft 2 bedroom ~ 714 - 1400 sqft 2+1 ~ 948 - 1699 sqft 3 bedroom ~ 1211 - 2020 sqft 3+1 ~ 1288 - 2393 sqft 4...
Private home buyers remain unfazed despite the global economic downturn and the government's recent proposal to tax speculators who sell more than one property within a four-year period. Freehold condominium "The Gale" in Loyang has certainly caused quite a storm. Prices average S$700 per square foot and so far, half its 330 units have been snapped up. It is an encouraging sign for developer Hong Leong...
An indication of just how market confidence has turned in a span of just two months can be seen in the sale of the penthouse at Arcadia. The 7,503 sq ft unit was first put up for sale by auction at the end of April. The indicative price was $6 million then, but there were no bidders. However, according to a caveat lodged with URA Realis on June 8, the penthouse has been sold for $6.25 million. Also in...
40,000 new private homes will enter the property market in the next three to four years, according to the National Development Minister, Mah Bow Tan. He said on Thursday that more property information, such as transaction prices, would be published to keep the market efficient and ensure that home prices are based on fundamentals. Mr Mah said: "What we will do is put out complete information on how much...
The Singapore government says a proposed change to the tax policy on property transactions is not aimed at curbing speculation. It will instead give property owners some certainty. That is because property owners who do not sell properties frequently will have the assurance that they will not be taxed on the profits made from such sales. All properties, from public flats to industrial buildings, will be...
More than 70 per cent of the 182 apartments released for sale at Vista Residences have been sold within a week of its launch. The 280-unit development in Balestier offers one-bedroom units and penthouses ranging from 617 square feet to 2,575 square feet. Prices started at S$960 per square foot and the average selling price was S$1,070 per square foot. The 130 apartments taken up were mostly bought by...
Singapore’s property sales increased in the second quarter, according to a report by property consulting firm DTZ released today. Homes in the city’s so-called core central area, known as districts nine, 10 and 11, rose 11.3% to $1,247 per square foot, DTZ said. Last quarter, prices fell 3.7%. Outside of those districts, average home prices increased 3.2% to $573 per square foot in the second...
There was a significant jump in the number of secondary market transactions at projects near the CBD earlier this month. In the Thomson area, at Sky@eleven, three units were sold in the first week of June for between $1,140 psf and $1,200 psf. The most recent transaction was a 1,851 sq ft unit on the 24th floor, which changed hands at $2.2 million or $1,200 psf. The seller had purchased the unit from the...