The latest state land tender closing has yielded a mixed bag of results for the two 99-year leasehold sites offered. A land parcel along Middle Road in the buzzing Bugis locale, which is slated for residential with commercial at first storey use, drew 10 bids, with Wing Tai's highest bid of nearly S$492 million or S$1,458.33 per square foot per plot ratio (psf ppr) within expectation. Over in the Sims...
singapore property
Prices of completed private apartments and condominiums in Singapore fell month-on-month again in February, retreating 0.5 per cent from the previous month after January's 0.2 per cent decline. The figures are flash estimates released on Thursday by the National University of Singapore's (NUS) for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private...
Mandarin Gardens has failed in its en bloc attempt, about a month after raising its asking price to a record S$2.9 billion. The leasehold condominium managed to gather around 68 per cent of signatures as of Mar 24 when its collective sales agreement expired - about 12 per cent shy of the 80 per cent mandate required to launch a tender. In a message to owners on Sunday (Mar 24), the site's...
Singapore's largest condominium Treasure at Tampines sold 272 units at an average S$1,280 per sq ft, after the project launched over the weekend.The close to 650,000 sq ft development, situated on the former Tampines Court site, has 2,203 units in all. Developer Sim Lian released 490 units for sale. Sim Lian's spokesperson said on Sunday: "We are heartened by sales to date for Treasure at Tampines,...
Higher commissions to incentivise property agents may have worked some magic in helping to bolster private property sales numbers in February, which saw 455 homes sold, an increase of 4.4 per cent from January. This was despite the Lunar New Year festive lull and the absence of new launches. A check with property agents suggested that certain projects such as Affinity at Serangoon, Garden Residences and...
Property brokerage PropNex said the increased spate of reissued Options to Purchase (OTPs) are the result of requests by "genuine HDB upgraders" for more time, given additional buyer's stamp duty (ABSD) burdens. Chief executive Ismail Gafoor said in a briefing for the media on Thursday that this is why it has submitted recommendations to the authorities for a remission of the ABSD for HDB upgraders,...
Developers in Singapore sold 455 private homes in February, up 4.4 per cent from the 436 units they moved in January, and 18.5 per cent higher than the 384 units they sold in February a year ago. The figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority (URA) on Friday, based on its survey of licensed housing developers. This came as 596 private...
Treasure at Tampines, the 2,203-unit condominium coming up on the site of the former Tampines Court HUDC estate, will be available for preview this Friday, with sales slated to start later this month at an average price of approximately S$1,280 per square foot (psf). Developer Sim Lian Group, which acquired the collective sale site for S$970 million in 2017, said the condominium will be Singapore's...
The rental market for non-landed private properties and HDB flats in Singapore remained stagnant in February, with volume in both markets recording a double-digit drop month on month, going by flash estimates from real estate portal SRX on Wednesday. OrangeTee & Tie head of research and consultancy Christine Sun noted that the fall in rental volume could be seasonal, as was similarly observed in 2018,...
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