A row of four contiguous freehold conservation shophouses at No. 15, 17, 19 and 21 Tessensohn Road (the “Property”) has been launched for sale. Cushman & Wakefield, the appointed marketing agents for the site is expecting a good reception to the tender as the property can be partially developed into a mixed use retail/residential project in a charming heritage precinct dotted with conservation...
The Crest Condo Singapore is in the Heart of Hubs, a truly private estate in Prince Charles Crescent. From its majestic towering form of a glorious, growing tree to the elegant relies of its spring blossom arches, The Crest comes alive to symbolise life and a celebration of life's many peaks. Designed by Pritzker Prize winner Toyo Ito, The Crest provides a bright and airy living environment and an...
New home sales in June dropped almost half from May - but the numbers will jump back up this month with the last-minute buying frenzy the night before a new round of cooling measures kicked in on July 6. Given the skewed performance in July - over 1,000 units in Riverfront Residences, Park Colonial and Stirling Residences were snapped up on the night of July 5 - market watchers expect the impact of...
The imposition of new cooling measures introduced earlier this month could worsen the high supply situation of private residential units, the Real Estate Developers’ Association of Singapore (REDAS) president Augustine Tan said on Tuesday (Jul 17). The new measures include raising the Additional Buyer’s Stamp Duty (ABSD) and loan-to-value ratio in an effort to "cool the property market and keep...
Sales of new private homes slumped 20.2 per cent year-on-year in June, according to data released by the Urban Redevelopment Authority (URA) on Monday (Jul 16). Excluding executive condominiums (ECs), developers sold 654 private homes in June compared with 820 units in the same month last year. This was also a 41.7 per cent decrease from the 1,122 private homes sold in May - a nine-month high fuelled by...
Sales of new private homes excluding executive condominiums tumbled by almost a third in the first six months of this year compared to the same period last year, according to preliminary data from the Urban Redevelopment Authority (URA) released on Monday (July 16). The number of units launched also fell, with 3,518 rolled out in the first half of 2018 compared with 4,330 in the same period last...
Despite the government's recent cooling measures, Koh Brothers Group's managing director and chief executive, Francis Koh, will still tender for one or two more mass market sites in Singapore to balance out his slate of Holland Village projects. "There may be an opportunity although the market may see it as a negative thing and there's a knee-jerk reaction," he says. "But we think we can price in the...
Summer Green off Balestier Road is the latest condo to launch for collective sale with a reserve price of S$48 million. That translates to a land rate of approximately S$1,178 per square foot per plot ratio (psf ppr), inclusive of a development charge of approximately S$320,000, for the freehold site with 24 units. With that, owners at the 13-storey condo could net themselves about S$2 million per...
Developers may trim prices of new launches by as much as 10 per cent from their earlier indications in response to the latest round of property cooling measures, with high-end homes likely to see bigger adjustments, analysts say. In downgrading their stock ratings across several developers, some have started pricing in a 5-10 per cent reduction in average selling prices (ASP) in their forecasts, though...
The latest round of property cooling measures may have caught the market by surprise with its speed and severity, with an analyst describing it as "a sledgehammer to kill a fly". However, the warning signs were there: High land prices, a jump in the number of new housing loans, and a wage growth lagging behind economic expansion were some of the red flags which prompted the authorities to take...
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