PRIVATE property sales by developers remained weak last month, with 441 units sold. That may be up 55 per cent from the 284 units sold in April, but over 3,000 new units remained unsold. That was despite developers cutting their prices for homes in 18 developments last month. Median prices for The Verve along Jalan Rajah, for example, dropped 17 per cent from $1,187 per sq ft (psf) in March to $985 psf in...
singapore property
There has been a sharp pick-up in the number of private home sales in May - more than 441 homes changed hands, about 56 per cent higher than the previous month. Despite the spike, analysts said it is premature to talk about any strong rebound in the property sector. Colliers International’s director of research and advisory, Tay Huey Ying, said: “I wouldn’t say that this set of May numbers give a...
Sentiments in the Singapore residential property market continued to weaken in the first quarter on the back of a possible recession in the United States. Private home sales dropped by 40 percent in the first quarter of this year compared with the last quarter of 2007, according to a report by DTZ Research. Transactions of private condominium units, based on caveats lodged, fell 41 percent to 2,500,...
Location: 16, 16A & 16B Shelford Road Tenure: Freehold Type of Development: Three 5-storey blocks Land Size: approx 76,565sqft Year of Completion: 2011 Total Units: 77 units Unit Types: 2 Bedroom ~ 893sqft 3 Bedroom ~ 1,227-1,636sqft 3 Bedroom Penthouse ~ 3,584sqft 4 Bedroom Penthouse ~ 2,756- 4,112sqft Features: Private Lift Lobby for all residences Shelford Suites commands picturesque views of...
Two towers of 39 storeys each makes this new condominium the most iconic launch in Bishan to date. Located within 1 km to Catholic High School and with Raffles Institution, and with Ai Tong School and Australia International School in the vicinity, Bishan is an attractive location as an education hub. With the future Circleline (Marymount Station) coming up together with the existing Bishan MRT...
Investors have been cautious about the property sector amid expectations that the muted residential property market will weaken further. But some property consultants are taking a slightly more positive stance, saying that this situation is temporary. Transaction volumes for private homes have been thin with developers holding back launches or cutting prices. And there's been a recent slew of bearish...
Nestled in the heart of Singapore’s most desirable neighbourhood, comes Singapore’s most coveted address – Nassim Park Residences. The development is an unique collaboration between three internationally acclaimed creative minds: Singapore-based architect Chan Soo Khian, Japanese landscape architect Shunmyo Masuno, and French interior designer Christian Liaigre. The result in nothing less than...
In a pristine corner of the eastern quarters in Singapore lies an address you will be proud to call home. An outstanding location that places all you need and want in life at your fingertips, Dakota Residences is perfect for your exemplary lifestyle. Impressive views and superb connections frame this undisturbed oasis presenting you with the best of all worlds. Dakota Residences comprises 348 units...
Barclays Capital says market has peaked, rent to drop 5% this year and more in next 2 years Have home rentals peaked? With a looming rush of new supply, one bank is predicting that they could fall by as much as 25 per cent by 2010. That is good news for tenants, but not so good news for landlords, who saw private rentals surge an average of 41 per cent last year. This bold forecast comes in a report...
Developers have lowered asking price to bring in buyers Singapore’s much-anticipated property market slowdown is here. April saw a 58-per-cent dive in new property launches by developers as buyer sentiments soured. According to data released by the Urban Redevelopment Authority (URA) yesterday, developers put 271 new private homes on sale last month, down from 642 in March. Sales dropped by another...