AN old adage in real estate investment - "location, location, location" - suggests that real estate investors should focus more on the location than the physical attributes, tenure and stage of the market cycle. Given that each property is a unique and non-movable asset, prices at choice locations will be more resilient in an uncertain economy and will appreciate more than other assets when the...
singapore property
BEING the crème de la crème of the non-landed residential market, homes in the Core Central Region (CCR) are commonly referred to as high-end or luxury homes. According to the Urban Redevelopment Authority (URA), the CCR comprises postal districts 9, 10, 11, Downtown Core and Sentosa. The URA CCR Non-Landed Residential Price Index rose 0.3 per cent quarter on quarter (q-o-q) in Q2 2016, marking a...
FLASH estimates released by the Urban Redevelopment Authority (URA) for the private residential property price index on Monday showed a 1.5 per cent decline for the third quarter of 2016. This compares with a 0.4 per cent decline in the second quarter. Prices of non-landed private residential properties declined by 1.8 per cent in the core central region (CCR), compared to the 0.3 per cent increase...
PRICES of high-end residential homes are bottoming out on the back of a host of reasons such as a significant volume pick-up, return in foreign interest, relatively cheaper pricing compared to global peers and a limited supply in the medium to long term. This is according to the projections of JPMorgan, the latest among market watchers to call for a bottom in the high-end segment here. A list of some...
PRICES of completed private apartments and condominium units here generally eased in August over July, with the Non-Central Region faring worst. This is according to the National University of Singapore's (NUS) August 2016 flash estimate for its Singapore Residential Price Index (SRPI) series released on Wednesday. NUS' data showed that the sub-index for Non-Central Region (excluding small units of...
AT its recent mid-Autumn festival lunch, the Real Estate Developers' Association of Singapore (Redas) flagged the nearly 21,500 unsold private residential units in the pipeline as at the second quarter, and warned that if industry experts expect only between 7,500 and 8,500 units to be sold by year's end, it would take about three years for the market to sop up these unsold units. Indeed, official...
PRICES of completed private apartments and condominium units in Singapore fell 0.6 per cent in August over the preceding month. This is according to the National University of Singapore's (NUS) August 2016 flash estimate for its Overall Singapore Residential Price Index (SRPI) released on Wednesday. Last month's decline in the index contrasts with a 0.3 per cent month-on-month gain in July 2016,...
The latest addition to Orchard’s dynamic skyline, TwentyOne Angullia Park reinterprets urban tropical living. Designed in the midst of the lush greenery of Orchard Boulevard, each level brings out different vistas of the much beloved district in one prestigious address you could call home. Designed to reinterpret high-rise urban tropical living, Anguilla Park takes a pure, pristine and pragmatic design...
The Zhou family from Shanghai who picked up an office block at 137 Cecil Street last year has bought a 60 per cent stake in the company that owns the next-door property at 139 Cecil Street. The latest deal is said to value the 11-storey property at S$140 million. It is on a site with 99-year leasehold tenure starting Aug 20, 1981, which means the balance lease is around 64 years. Written permission...
The phrase “living the high life” will be actualized with the completion of the brand new mixed development – Stars of Kovan. Bagging the last piece of vacant land on Upper Serangoon Road, this property is poised to attract many a buyers on account of its exclusivity alone, if nothing else. The ideal location of being in the heart of Kovan, however, is not the only reason that Stars of Kovan has...