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...
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 local property market will see some slowing on the back of surprise cooling measures though a crash is unlikely, said the top executives from some of Singapore’s biggest developers. However, the chief financial officers of GuocoLand Group and CapitaLand Group differed on whether the Government’s latest step, which involved tweaks to Additional Buyer's Stamp Duty (ABSD) rates for both buyers and...
Shares of several developers and real estate service groups fell on Friday (July 6), a day after tough property cooling measures were introduced by the authorities. The share price of Oxley Holdings dropped almost 16 per cent to 34 cents, while City Developments’ (CDL) shares closed at S$9.46, down 15.6 per cent. Wing Tai Holdings’ share price fell 6.9 per cent to S$1.89. Propnex and APAC realty...
The possibility of the Government introducing tightening measures to cool the property market "cannot be discounted", said DBS chief executive officer Piyush Gupta who noted that certain government agencies are "getting nervous" about the situation. Speaking on Thursday (July 5) at a luncheon on the bank's market outlook for the second half of the year, Mr Gupta was referring to the previous day's...
22 private apartments in 336 RV at 336 River Valley Road (previously known as AA Centre), have been put up for bulk sale by tender. Their indicative price is S$2,200 per square foot to S$2,300 psf, or about S$86 million to S$90 million in total. The property sits on a site area of about 33,757 sq ft. The land is zoned “residential” use with a plot ratio of 2.8 and a height restriction of 10...
First-time home buyers have been propping up demand in the local property market. They are not affected by the latest cooling measures implemented in January since they belong to the group without a mortgage loan. 24-year-old Travis Ye became a condo owner for the first time in September last year, when his parents put down a 30 per cent downpayment for his S$1.4 million condominium at eCo. That's...
A majority of Singaporeans responding to a poll in July said that they are looking to purchase residential property within the next six to 12 months, despite the uncertain economic environment and high prices. The latest Asia Property Market Sentiment Report, conducted by the iProperty Group, surveyed 25,754 people from Singapore, Malaysia, Indonesia and Hong Kong, of which 2,983 were from the...
Location: 316-328 Upper East Coast Road (District 16) Land Size: 96,614sqft Tenure: Freehold Year of Completion: 2011 Total Units: 88 Unit Types: 2/3/3+1/4 and penthouse Nestled within the residential enclave of East Coast that enjoys the serenity and tranquility Close proximity to Changi International Airport , East Coast Park and CBD. Eateries and cafes along the stretch from Katong to Siglap. Near to...
Location: Martin Place (District 9) Tenure: Freehold Year of Completion: 2011 Total Units: 302 in two 33-storey residential towers Unit Types: 1 bedroom ~ 592-646 sqft 2 bedroom ~ 1,044-1,163 sqft 3 bedroom ~ 1,421 sqft 3 + study ~ 1,722 sqft 4 bedroom ~ 1,894-2,002 sqft Penthouse ~ 3,326 | 3,380 | 3,434 sqft Facilities: Swimming Pool (Olympic-size 50m x 25m; 8 lanes) Children's Pool Clubhouse with...
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