Monthly Archives: April 2013

  • Congrats!

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  • Foreign buyers keen on private homes again

      source: the straits times foreign buyers are returning to the private property market but their numbers are still well under levels seen before the big stamp duty hit in december 2011. their focus has also changed, with mass-market condos in suburban areas now higher on their wish lists, a shift from the high-end homes that they have traditionally ... Continue reading
  • Twin Fountains 2.3 times subscribed

    interested? call 98505770 source: channelnewsasia e-applications for the executive condominium (ec) project twin fountains in woodlands have closed. close to 1,000 e-applications were received. this translates to a subscription rate of approximately 2.3 times, based on the 418 residential units up for sale. about 3 in 10 of e-applications received were from first-time home buyers. the rest were second-time buyers. ceo of frasers centrepoint ho... Continue reading
  • 44 Novena Regency units snapped up

      source: the straits times buyers snapped up 44 residential and retail units at novena regency within a week of its launch last week. the mixed development by fragrance realty - a subsidiary of the fragrance group - released 72 units on 13 april. its freehold tenure and city fringe location along thomson road are the most attractive features of the property, as it will sit on the current novena ville site. the 45 shop units are priced fr... Continue reading
  • Market for good class bungalows nowhere near $300m asking price

      source: the straits times a high-profile bid by wing tai holdings chairman cheng wai keung to sell his nassim road bungalow for up to $300 million is not typical of the good-class bungalow (gcb) market. sales volumes of these most posh of homes are fairly thin and other prices pale in comparison to the record price of up to $3,536 per sq ft (psf) h... Continue reading
  • For $2m, you can get a freehold landed home

      source: the straits times many home hunters may assume that landed freehold property - the rarest of land titles in singapore - is way out of their reach. not necessarily so. fairly small freehold plots in geylang and macpherson have been selling for about the price of a suburban condominium. the 10 cheapest freehold landed properties were sold for... Continue reading
  • Removing income ceiling for new HDB flats will drive up demand: analysts

      source: today recently, national development minister khaw boon wan floated a radical idea to remove the income ceiling for new hdb flats. some industry players said the suggestion would make public housing even more accessible to singaporeans, but could raise some concerns. currently, the household income ceiling for new built-to-order flats is s$... Continue reading
  • Home prices moving the right way: Tharman

      source: the straits times property prices remain high but they are moving in the right direction, said deputy prime minister tharman shanmugaratnam, adding that the government has no plans for another round of cooling measures for now. the government is determined to lower the prices of homes relative to incomes, he added, but does not want to caus... Continue reading
  • Record bid of $550m for plum Tiong Bahru housing site

      source: the straits times an all-in bidding battle among 11 developers for a plum plot in tiong bahru ended up smashing price records for a residential site. the land in kim tian road drew a top bid of $550.28 million, or $1,163 per sq ft (psf) per plot ratio (ppr), from keppel land's harvestland development. the plot is 118,302 sq ft with a maximu... Continue reading
  • Why we think price may drop?

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  • Bids for 3 EC sites to close on same day

    source: business times in a move to moderate tender bids and future property prices, the tender for three sites will close on the same day for the first time. included in this exercise is an executive condominium (ec) site at punggol central, one of the four sites released as part of the government land sales programme for the first half of 2013. the ot... Continue reading
  • New private home sales hit record high

    source: the straits times new private home sales surged to an all-time high last month, boosted by discounts dangled by developers and first-timers entering the market. a total of 2,793 units were sold last month, nearly four times february's number, as a string of new launches debuted strongly. this is the highest monthly new sales volume since the urb... Continue reading
  • Striking a new balance on flat prices

      source: the straits times the government is trying to find a new balance between keeping new flats affordable yet fulfilling singaporeans' desires for their home values to rise, said minister in the prime minister's office grace fu sunday. for decades, new flat prices were pegged to resale ones, so that home owners' asset values would grow, she said. "if we were selling build-to- order flats at a much lower price than resale flats, you ... Continue reading
  • HDB will be the price-setter: Khaw

      source: the straits times as the chief supplier of homes, the housing board should set the price of public housing, rather than take its cue from the resale market. no longer will hdb let "the tail wag the dog" as it did for decades when it used a market-based approach to price its build- to-order (bto) flats, said national development minister khaw boon wan. this resulted in soaring new flat prices as the resale market spiked 80 per ce... Continue reading
  • Condo units shrink with buyers' budgets

      source: the straits times homes across the board are feeling the squeeze as developers downsize apartments to find ways to keep overall prices within the reach of buyers. but the shrinking of two- and three-bedroom apartments has started to draw attention too. a three-bedder at 193-unit natura at hillview terrace, a joint venture between roxy-pacif... Continue reading
  • Allgreen to launch 999-year private apartment project

      source: business times allgreen properties subsidiary green bay is launching riverbay, a 999-year leasehold private apartment project along kallang river. the 41,300 sq ft site is located at 23 mar thoma road, and comprises a single 26-storey apartment building with 147 units. also part of the development are a six-storey carpark, sky terraces and ... Continue reading
  • Foreigners adjust budgets to buy Singapore properties

      source: channelnewsasia foreign buyers of singapore properties have not totally fled the market, despite the higher taxes that they have to pay following tough cooling measures. more are finding it worthwhile to adjust their budgets, just to get their hands on their dream homes. a market flushed with cash and low borrowing rates has made investors ... Continue reading
  • Sengkang West Way site attracts strong interest

      source: business times a 99-year leasehold private residential land parcel at sengkang west way drew a top bid of $262.1 million, or about $488.84 per sq ft per plot ratio (psf ppr). uol group unit secure development made the highest bid for the approximately 179,900 sq ft site, which has a maximum gross plot ratio of 3.0. the site's maximum gross ... Continue reading
  • COV for HDB resale flats down slightly last month

      source: today the overall cash-over-valuation (cov) for hdb resale flats dropped s$1,000 to end at s$31,000 for the month of march this year. this was the lowest monthly cov in the last six months. on a quarterly basis, hdb median cov fell s$1,000 to end at s$33,000, indicating the first drop since the beginning of last year, according to the res... Continue reading
  • Strong debut for Twin Fountains EC in Woodlands

      source: the straits times the first executive condominium (ec) to go on the market this year made a solid debut at its launch wednesday. as of 5pm wednesday, there were 155 e-applications for twin fountains in woodlands, said frasers centrepoint homes chief executive cheang kok kheong. that exceeded a third of the available units. of that number, 3... Continue reading

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