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Real estate agents back in vogue: Poll
Property agents are back in fashion, according to the latest survey by the Council for Estate Agencies (CEA), with 72 per cent of the public saying they plan to engage one for future transactions.
This is up from 60 per cent in the last such survey in 2015 and 66 per cent in the previous one in 2012.
Minister of State for National Development Zaqy Mohamad pointed to…Continue
Added by Geoffery Ho on March 28, 2019 at 20:56 — No Comments
Treasure sells 272 units on launch weekend
Singapore’s largest condominium Treasure at Tampines moved 272 units at an average S$1,280 per sq ft (psf) over its launch weekend.
That translates to about 12 per cent of the 2,203 units in all, and about 56 per cent of the 490 units developer Sim Lian launched over the weekend.
The performance, which experts deemed as "credible", is likely to be monitored closely by…Continue
Added by Geoffery Ho on March 28, 2019 at 20:40 — No Comments
Boulevard 88 sells 20 units during previews, mostly four-bedroom units
High-end freehold project Boulevard 88 in prime district 10 has sold 20 of the 25 units released so far, with most of the units sold being four bedroom apartments.
Sales for the 20 units totalled over S$160 million, while the average selling price worked out to S$3,550 per square foot.
City Developments Limited (CDL) and its joint venture…Continue
Added by Geoffery Ho on March 28, 2019 at 20:30 — No Comments
Braddell View in bid to sell en bloc for $2.08b
Braddell View is trying its luck for a collective sale via public tender of its sprawling hilltop site for $2.08 billion on March 27.
The tender for the largest of Singapore's 18 former Housing and Urban Development Company estates will close at 3pm on May 28.
This is the second megasite in a month to jump on the collective sale bandwagon even as prospects are…Continue
Added by Geoffery Ho on March 28, 2019 at 20:29 — No Comments
Casa Sophia relaunches for collective sale at lower
Casa Sophia in District 9 on Monday relaunched for collective sale by private treaty with a lower asking price of S$30 million.
The project first launched with a reserve price of S$36 million or S$1,390 per square foot per plot ratio (psf ppr) in July 2018, shortly after the latest round of property cooling measures was announced.
Most of the owners have…Continue
Added by Geoffery Ho on March 28, 2019 at 20:28 — No Comments
8 March 2019
MND unveils three new moves to help HDB buyers
New Housing Board projects will be made public six months before they go on sale instead of three, while ballot times will be halved to three weeks in a series of moves meant to improve the home-buying process.
Both changes will apply from the May sales exercise…Continue
Added by Geoffery Ho on March 8, 2019 at 12:31 — No Comments
25 February 2019
Older buyers of 2-room flexi flats pick short lease
About nine in 10 older buyers of HDB's two-room flexi flats have chosen shorter leases, an option that frees up more cash for them.
The lease lengths range from 15 to 45 years. Only those aged 55 and above qualify to take up this option.
Added by Geoffery Ho on March 8, 2019 at 12:00 — No Comments
19 February 2019
Luxury homes retain appeal despite curbs
Some of Singapore's most desirable houses come with a catch: Only locals can own them.
That foreign buyers - notably from China - who for years helped drive demand for luxury homes, cannot buy these dwellings has not dented their appeal. Their scarcity and the exclusivity they…Continue
Added by Geoffery Ho on February 28, 2019 at 17:20 — No Comments
18 February 2019
January new home sales down 17.8%
The post-festive Christmas lethargy and the prospect of an earlier Chinese New Year hit home sales in January.
Developers sold 433 homes in the month, down 17.8 per cent on the 527 moved in January last year, and 28 per cent below December's tally of 602 sales.
Added by Geoffery Ho on February 28, 2019 at 17:17 — No Comments
8 February 2019
Home buyers can get unsold HDB flats faster under new sales option
Eager home buyers can soon book a Housing Board flat the next working day after applying.
A new sales option will offer unsold flats on a rolling basis, available for booking any time.
The first batch of 120 flats under the new scheme…Continue
Added by Geoffery Ho on February 8, 2019 at 15:38 — No Comments
30 January 2019
Gilstead Court, Lakeside Apartments relaunched for collective sale, with ongoing bids to lower reserve prices
Two sites, Gilstead Court and Lakeside Apartments, are back on the market for sale en bloc, likely with lower reserve prices amid the cooling collective sale fever.
Freehold Gilstead Court in the Novena-Newton…Continue
Added by Geoffery Ho on February 7, 2019 at 17:45 — No Comments
29 January 2019
Completed condo prices up 0.1% in Dec, first increase since August: NUS index
Prices of completed private apartments and condominiums in Singapore edged up in December by 0.1 per cent from the previous month.
This is the first month-on-month price rise for such properties since August 2018, following a revised 0.5 per cent…Continue
Added by Geoffery Ho on February 7, 2019 at 17:44 — No Comments
28 January 2019
More flats sold in 2018, with 71 going for $1m and above
More Housing Board flats changed hands last year, with a record 71 flats sold for $1 million or more each.
This came as resale prices slipped for a fifth straight year, hitting a seven-year low.
In all, 23,099 resale flats were sold last year, 4.6…Continue
Added by Geoffery Ho on February 7, 2019 at 17:43 — No Comments
16 January 2019
Plunge in new private home sales in December
Developers in Singapore sold 602 private homes last month, about half the 1,201 units they moved in November, due to the absence of new project launches and the typical slowdown in marketing activity during the year-end holidays.
The figures were released by the Urban…Continue
Added by Geoffery Ho on February 7, 2019 at 17:39 — No Comments
14 January 2019
The property merry-go-round: anomalies in the market
It used to be that properties in Good Class Bungalow (GCB) Areas - the most prestigious form of landed housing in Singapore - were bought by Singapore's captains of industry, tycoons and well-heeled foreigners turned Singaporeans.
In recent years, however, Singaporeans…Continue
Added by Geoffery Ho on February 7, 2019 at 17:31 — No Comments
11 January 2019
Singapore home sales face crucial litmus test
It’s only the second week of 2019 and Singapore's residential home sales market is already facing a S$1.1 billion litmus test.
Horizon Towers, an older-style building near the Orchard Road shopping district, has gone on the market for that price, gunning for redevelopment a…Continue
Added by Geoffery Ho on February 7, 2019 at 17:31 — No Comments
10 January 2019
Leonie Gardens seeks to go en bloc again at $800m
Leonie Gardens joins a growing list of die-hard sellers trying their luck to go en bloc in the new year.
The prime District 9 condominium in Leonie Hill, whose collective sales agreement expires in May, relaunched its tender for a second time at the same reserve price of…Continue
Added by Geoffery Ho on February 7, 2019 at 17:30 — No Comments
9 January 2019
RV Altitude, Fyve Derbyshire and Fourth Avenue Residences poised to kick off 2019 launches
RV Altitude, Fyve Derbyshire and Fourth Avenue Residences are gearing up for launch next week, setting the stage for the first string of property launches for 2019.
Roxy-Pacific Holdings' freehold developments RV Altitude and Fyve…Continue
Added by Geoffery Ho on February 7, 2019 at 17:25 — No Comments
8 January 2019
$550m guide price for HighPoint collective sale
The HighPoint condo block in Mount Elizabeth Road has been listed for collective sale with a guide price of $550 million, marketing agent CBRE said yesterday.
The block sits on a freehold site and has 57 apartments and two penthouses. It is on a cul-de-sac plot with a land…Continue
Added by Geoffery Ho on February 7, 2019 at 17:24 — No Comments
Added by Geoffery Ho on July 17, 2018 at 22:24 — No Comments