Two members of the well-known Danish family that founded Pandora, a company famous for its charm bracelets, are plonking down over S$31.1 million for two high-end apartments at the Orchard belt. The apartments, each of which is 4,478 square feet, are at the plush Boulevard Vue condo along Cuscaden Walk. Per Algot Enevoldsen is paying almost S$15.9 million or S$3,550 per square foot (psf) for his...
singapore property
Joining a chorus of calls for property cooling measures to be relaxed, real estate agency PropNex on Wednesday (March 9) put up its case for some of the curbs to be tweaked, including cutting Additional Buyer’s Stamp Duty (ABSD) for all groups of buyers. The move follows earlier calls from property developers amid falling prices and sales, although the Government has repeatedly said it is not time...
Rental prices for Housing and Development Board (HDB) flats and non-landed private properties continued their downward trend in February, led by five-room HDB flats and homes in the city fringes. Rental prices for Housing and Development Board (HDB) flats dipped 0.9 per cent from the previous month in February, according to a local property index. Year-on-year, rental prices for HDB flats in February...
According to data released by SRX Property on Tuesday, resale prices of non-landed private homes in Singapore dipped 0.3 per cent in February 2016, after increasing 0.8 per cent in January. Core Central Region recorded no change, while Rest of Central Region (city fringe) recorded a price increase of 0.1 per cent. Outside Central Region (suburbs) posted a 0.8 per cent decrease in prices. Year on...
Living at Gem Residences means comfort in a house fitted with thoughtful design, carrying the age-old refinery of world-class brands like SMEG and Hansgrohe. Multiple facilities, from outdoor teppanyaki, grill pavilions, spacious clubhouse with cooking facilities, 50m swimming pool to unparalleled views from rooftop spaces, cater for every facet of living. Being in one of Singapore’s most mature estates...
It is "too early" to relax the property market cooling measures, as doing so could result in a market rebound, Mr Lawrence Wong said in Parliament on Monday (Feb 29). The National Development Minister was responding to a question from Holland Bukit-Timah GRC MP Christopher de Souza, who asked if the Government would consider removing the Additional Buyers Stamp Duty (ABSD) for Singaporeans but retaining...
The Additional Buyer’s Stamp Duty (ABSD) may be abolished this year given the supply of homes that are coming into the market amid the increasingly challenging global economic climate, Mr Kwek Leng Beng, executive chairman of City Developments (CDL) predicted yesterday. He added, without going into specifics, that mid and low-end private housing could see further price declines this year, while the...
Prices of executive condominiums (ECs) do catch up with private condos after the initial five-year minimum occupation period (MOP), and even more so when they are fully privatised 10 years after purchase. A study by OrangeTee has found that the average price gap between new condos and ECs starts at around 20 per cent, due to the sales restrictions that apply to ECs, as well as their lower land and...
Developers are starting to launch new projects in Singapore, following a quiet start to 2016. And while there is an underlying demand for homes, one analyst said developers must keep prices relatively low to attract buyers. CapitaLand’s Cairnhill Nine is one of the latest projects to be unveiled on Tuesday (Feb 23). The integrated development, a 268-unit residential tower, is part of the same complex...
New private home sales slumped 49 per cent last month from the previous month in the absence of fresh project launches during the traditionally lull year-end period, with property analysts projecting that sales will pick up in the months ahead, especially with prices expected to fall further. Developers here sold 384 private residential units last month, data from the Urban Redevelopment Authority (URA)...