New property curbs challenged by leading developers
The Real Estate Developers’ Association of Singapore (Redas) on Friday challenged the Government’s latest round of property cooling measures saying there was “no rationale” for the new property curbs. imposed on Friday (July 6). REDAS. the leading developers’ group here, said the additional buyers’ stamp duty (ABSD) and lowering of the loan-to-value (LTV) limits were “tough” new [...]
Beautifully restored CBD commercial shophouse with fresh 99-year leasehold tenure up for sale
JLL on 5 July presented for sale a restored CBD commercial shophouse. The CBD commercial shophouse s located at 19 Hongkong Street, and is a brand new beautifully restored part-four part-six storey commercial shophouse. The property is situated within the trendy Hong Kong Street area, one of the up-and-coming F&B and lifestyle destination that is rising in [...]
Who are the Big Gainers and Losers after the New Property Cooling Measures Announcement?
The big question on a lot of pf people’s minds: “Who are the big gainers and losers after the new property cooling measures announcement?”. The government has acted to cool the residential property market. Additional Buyer’s Stamp Duty (ABSD) rates have been raised for some categories of residential property purchases, and the Loan-to-Value (LTV) limits [...]
New Property Cooling Measures Introduced by Government to Calm Market Euphoria
The Government announced today new property cooling measures. The measures saw adjustments to the Additional Buyer’s Stamp Duty (ABSD) rates and Loan-to-Value (LTV) limits on residential property purchases, to cool the property market and keep price increases in line with economic fundamentals. Status of the Private Housing Market After declining gradually for close to 4 [...]
Horizon Towers at Leonie Hill Launched for Sale Again for $1.1 billion
Horizon Towers, a collective sale site in the prestigious Leonie Hill locale, is launching for sale by tender by sole marketing agent JLL. The tender for Horizon Towers closes on Tuesday, 7 August 2018 at 3.00 p.m. Built in the late 1970’s, the 99-year leasehold Horizon Towers comprises 211 units in two towers located on an elevated [...]
Freehold Residential Development Site along Chancery Lane up for En bloc at $86.6 million
Knight Frank Singapore today announced the launch of the sale of Chancery Esquire, an exclusive freehold residential development site along Chancery Lane, by tender. The tender for Chancery Esquire will close on 2 August 2018, Thursday at 3 pm. Chancery Esquire is a private residential estate comprising a block of 31 apartment units ranging from [...]
High End properties in Singapore Continue to be Strong Draw for Malaysians
Despite the weakness of their currency, well-heeled Malaysians are continuing to show keen interest in high-end properties in Singapore. GuocoLand (Singapore) Pte Ltd Group Managing Director, Cheng Hsing Yao, said the strong interest shown in his company’s two iconic projects, Wallich Residence and Martin Modern is proved of Malaysians interest in high-end properties here. Wallich Residence [...]
Property Market Euphoria Calls for Caution, Singapore Central Bank Chief
Developers, banks and home buyers should be cautious about the property market euphoria said Ravi Menon. Mr Menon who is the Managing Director of Monetary Authority of Singapore (which is Singapore’s central bank and financial regulatory authority) reminded developers who bid for land to be mindful of the huge supply which is coming on stream. [...]
GCB prime plot at Sixth Avenue up for sale by Trustees
A prime residential site, Good Class Bungalow (GCB), located at Sixth Avenue has just been put up for sale by Expression of Interest (“EOI”) by the trustees of the property. JLL has been appointed as their sole marketing agent. The EOI for No. 45 Sixth Avenue closes on Tuesday, 31 July 2018, at 2.30 p.m. The freehold [...]
Freehold shophouses row at Sembawang Road up for collective sale
Edmund Tie & Company (ET&Co) announced today that it has been appointed as the sole marketing agent for freehold shophouses row along Sembawang Road, which is being sold en bloc by tender. 100 per cent of the owners of the of freehold shophouses row has consented to the sale. The development was completed in the [...]