Investors drawn again to Singapore’s real estate rebound

Singapore’s property market has rebounded from the bottom of the table in 2017 to third place in 2018, drastically improving its investment prospect rankings. The office and residential sectors are said to have bottomed out, following a huge resurgence in investor sentiment this year. A real estate forecast report published by the Urban Land Institute [...]

2017-11-22T12:23:36+00:00November 22nd, 2017|Property News|

Tee Land paying S$72m for Casa Contendere

Tee Land is buying Casa Contendere, a freehold development at 35 Gilstead Road through an en bloc sale for $72 million. This translates to $1,638 per square foot per plot ratio (psf ppr). There is an estimated development charge of S$15.1 million payable to the state. The site has a land area of 37,972 sq [...]

2017-11-09T15:37:29+00:00November 9th, 2017|Property News|

Jervois Green up for sale by tender for $48m

The en bloc fever remains high with Jervois Green, a freehold estate, going up for collective sale. This is just weeks after nearby Jervois Gardens found a buyer. Jervois Green is asking for $48 million, which translates to $1,373 per sq ft (psf) per plot ratio, inclusive of the 10 per cent additional gross floor [...]

2017-11-08T12:53:33+00:00November 8th, 2017|Property News|

Recent en bloc sales do not mean higher prices: Lawrence Wong

The recent spate of en-bloc sales does not necessarily translate to higher prices, National Development Minister Lawrence Wong claimed in parliament on Monday. This is because the market is subjected to supply and demand in the market. Developers are subjected to an Additional Buyer’s Stamp Duty (ABSD) if they do not build and sell new [...]

2017-11-07T20:03:42+00:00November 7th, 2017|Property News|

Tranquilia @ Kismis

Tranquilia @ Kismis TRANQUILIA @ KISMIS PRICING       Tranquilia @ Kismis Pricing by appointment The prices are indicative, for the full price list please contact +65 9009 8731 PROJECT SUMMARY Project Attributes 31 BRAND NEW FREEHOLD Landed Terrace &  7 BRAND NEW FREEHOLD Strata Landed [...]

2018-06-06T03:53:41+00:00November 3rd, 2017|New Project Launch D11 and D21, Sold Out Projects|

HDB resale flat transactions down by 3.2%

Housing and Development Board (HDB) resale flat transactions fell by 3.2 per cent in Q3 2017, following a four-year high. 5,808 flats were transacted in Q3 2017, down from 6,001 in Q2 2017. Q3 2012 is the last quarter that saw more than 6,000 resale applications, where 6,560 resale applications were registered. There were 5,808 [...]

2017-11-01T12:45:22+00:00November 2nd, 2017|Property News|

Tanglin Shopping Centre makes third attempt to be sold en bloc

Tanglin Shopping Centre, an ageing strata-titled Orchard Road landmark, becomes the latest property to go on a collective sale. The owners are making a third attempt on en bloc, after failed attempts in 2011 and 2014. They have elected a sales committee on Friday. Tanglin Shopping Centre, a 47 year old building comprising of a [...]

2017-10-31T18:30:33+00:00November 1st, 2017|Property News|

9,300 new homes to result from slew of en bloc sales, warns URA

The Urban Redevelopment Authority (URA) has flagged the addition of  about 9,3000 new homes to the existing supply pipeline from the redevelopment of en bloc sale sites. Analysts are not alarmed at this influx of units as they expect an inflow of overseas talents into Singapore as the economy restructures and they are likely to [...]

2017-11-01T10:34:47+00:00November 1st, 2017|Property News|
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