Average selling prices of new homes may see up to 10 per cent price reduction
The new property cooling measures will likely result in price cuts in average selling prices of new homes by developers. With high-end homes leading the price adjustments by developers, new home launches are expected to drop by up to 10 per cent. The reduction in average selling prices has been factored in when property market [...]
40% fewer private homes sold in June than in May – most sales in suburban areas
A survey by the Urban Redevelopment Authority showed that 654 private homes were sold by developers in June. This is a drop of 41.7 per cent of the 1,122 units sold in May and also 20.2 per cent lower than in June last year. More than half of the sales took place Outside Central Region. [...]
Rare freehold portfolio comprising 4 shophouse units at Macpherson Road for sale by expression of interest
CBRE has launched for sale a rare freehold portfolio comprising of four freehold shophouses along Macpherson Road by Expression of Interest (EOI). The portfolio comprises 514 Macpherson Road, an intermediate two-storey shophouse; 526 and 528 Macpherson Road, 2 adjoining two-storey shophouses and 534 Macpherson Road, a corner two-storey shophouse (the Properties). The rare freehold portfolio [...]
Rare freehold site at Meyer Road acquired for $319.88 million amidst property curbs
GuocoLand Limited (“GuocoLand”) today announced that its indirect wholly-owned subsidiary, First Meyer Development Pte Ltd, has successfully tendered for the enbloc acquisition of Casa Meyfort Condominium, a rare freehold site. It has also exercised its option to purchase at a purchase consideration of S$319.88 million. Casa Meyfort at Meyer Road was first launched for collective sale in [...]
Tengah poised to be Singapore’s first smart energy town
The Housing & Development Board (HDB) in exploring the potential of developing Tengah into a first-of-its-kind Smart Energy Town, today inked three new research agreements with industry partners at the World Cities Summit. HDB intends to advance its goal of creating smart and sustainable homes for Singaporeans. Through these partnerships. HDB said it aims to [...]
South Beach Residences: A Self-Contained Haven with Unmatched Opulence
South Beach Residences is a brand new luxurious condo development by the renowned City Developments Limited, located at 28 Beach Road. Situated at the heart of Singapore city centre, the iconic development will feature well-furnished apartments and penthouses, office spaces as well as retail outlets. A luxury hotel and an exclusive clubhouse will also be [...]
Riverfront Residences: Where Opulence Meets Nature
Riverfront Residences is a brand new condominium development located in Hougang Ave 7, District 19. The site, which was formerly known as Rio Casa, is on a 99 years leasehold tenure and was acquired by Oxley-Lian Bent Venture at a cost of S$575 million. And the condo project is currently being run by Singapore’s well-known [...]
Jade Scape: A Nostalgic Haven in the Upscale Market
Jade Scape, which lies where former Shunfu Ville was, is a brand new property launch by Qingjian Realty located along Shunfu Road in District 20. Sitting on a massive 408,927 sqft piece of land, the condo development is expected to yield a total of 1,100 units with an average size of about 1,000 sqft. For [...]
Proptech sector boosts Singapore to 1st rank in Asia in global real estate transparency index
Proptech sector boosted Singapore to 1st rank in Asia in JLL’s Global Real Estate Transparency Index (GRETI) 2018. The 10th edition of GRETI contains the most comprehensive country comparisons of data availability, governance, transaction processes, property rights and the regulatory/legal environment around the world. The proptech sector is all set to not only impact but also [...]
District 9 freehold development launched for en bloc braving new property cooling measures
A District 9 freehold development along Sophia Road, Casa Sophia, is up for collective sale at a reserve price of $36 million. The announcement of the en bloc sale comes on the heels of the new property cooling measures. Image credit: ERA Marketing agent ERA Realty Network said that the reserve price translates into a [...]