Property consultancy firm DTZ Research said it will take 5.5 years to clear the inventory of unsold private residential units in Singapore as at the end of 2008. There are now 44,661 unsold private residential units. DTZ said based on a 10-year average take-up rate of 8,000 units, selling them all will take more than five years. In its latest report, DTZ said last year's unsold inventory was much lower...
singapore property
Living close to the city puts the world at your feet. Woodsville 28 is designed to provide you with an idea urban home for a complete modern lifestyle. Convenient in its prime location, comprehensive in its facilities, the joy of living a stone's throw from the city is truly heartening. With the MRT at your doorstep, you can easily access almost any destination to enjoy a world of amenities - all in a...
Waterfront Waves is designed to merge as one with the picturesque Bedok Reservoir & Park. With unprecedented proximity to the reservoir, you can look forward to commanding vistas of shimmering waters from your home. This is truly a luxury many may desire, but only few will ever own. The calm waters of Bedok Reservoir are the perfect arena for a whole host of water sports & activities. Brace your...
BUYERS of new private homes don't have to worry about not being able to move in on time even as some developers take advantage of incentives announced in Thursday's Budget that allow them to extend the completion period of their projects. To help developers improve their cash flow and give them more flexibility to plan their projects, the Ministry of National Development will allow developers of...
The economic downturn is hitting home, with private residential prices recording their steepest drop in a decade. Private home prices fell by 6.1 per cent in the fourth quarter of 2008, worse than an early estimate of a 5.7 per cent drop. The quarter-on-quarter decline in the October to December period follows a 2.4 per cent drop in the third quarter ended September. Strong demand pushed up private home...
Nestled in the residential enclave of Bukit Timah (District 10), the glass and aluminium-clad tower of One Robin cuts a dashing figure in its prestigious neighbourhood. With 12 spacious apartments, one duplex and one penthouse, all boasting state-of-the-art imported designer fittings, OneRobin is a sanctuary for those who aspire to modern, luxurious living. Each owner can claim an entire floor of...
The value of property investment sales in Singapore hit a record low in the fourth quarter of 2008. In its latest report, real estate consultancy Colliers International said total investment sales in the three months to December fell by 93 per cent on-year to nearly S$577 million. This is the lowest since the property market picked up four years ago. It also represents a drop of 68.8 per cent from the...
THE grey clouds hovering over the private property market here have gotten even darker. Islandwide launches of new private homes last month slumped to a record low since the Urban Redevelopment Authority (URA) started releasing the monthly data in June 2007. Developers placed just 157 units for sale last month, down nearly60 per cent from November. And out of these, they managed to sell 131...
Location: 38 & 40 Cairnhill Road (District 9) Tenure: Freehold Year of Completion: 2013 Site Area: 78,047sqft Total Units: 229 (2 blocks, 20 storeys) Unit Types: 1 bedroom ~ 549 | 667 | 721 sqft 2 bedroom ~ 883 | 1,001 | 1,345 sqft 3 bedroom ~ 1,281 | 1,302 | 1,313 | 1,765 | 1,927 sqft 4 bedroom ~ 1,819 | 2,573 sqft Penthouse ~ 3,853 | 4,768 | 4,833 sqft Facilities: Swimming Pool (50m x 12m), Jacuzzi,...
Islandwide launches of new private homes in December 2008 slumped to a record low since the Urban Redevelopment Authority (URA) started releasing the monthly figures in June 2007. Developers placed just 157 units for sale last month, down by 59 per cent from November. Analysts said there has been softening demand for homes. But the low launch volume could also be due to seasonal adjustment and developers...