999-year leasehold office floors at Raffles Place up for sale at indicative price of $24 million
JLL, is inviting offers through an Expression of Interest (EOI) exercise for the purchase of two contiguous 999-year leasehold office floors located at 62 Cecil Street, TPI Building #05-00 and #06-00, Singapore, 049710. Completed in 1983, TPI Building is a six-storey 999-year leasehold office development located within the heart of Singapore’s Central Business District. Strategically [...]
Short window for home owners to refinance as Federal Reserve interest rates remains unchanged for now
In assessing the economy of the United States of America, the Federal Open Market Committee (FOMC) kept the Federal Reserve interest rates unchanged for now but hinted at another rate hike as soon as September. The Federal Reserve unanimously voted to keep its benchmark federal-funds rate in a range of 1.75 – 2 per cent [...]
“Mr HDB’s” good class bungalow up for sale at price tag of more than $100 million
Mr Lim Kim San’s good class bungalow (GCB) at 81 Dalvey Road came to the market for sale on July 31. The GCB is expected to fetch prices above $100 million. The good class bungalow’s proximity to Botanic Gardens and its large plot size of 51,058 square feet, as well as it being situated on high grounds [...]
HDB flats resale prices increase for the first time in 9 Quarters
HDB flats resale prices increased by 0.1 per cent in the 2nd Quarter of 2018. This increase is the first rise after nine months of continuous decline. The hike – though only incremental – may indicate that HDB resale prices are bottoming out. The Housing & Development Board’s data also showed that HDB resale transactions [...]
Daintree Residence successfully sells 50 of the 80 phase-one units amidst property curbs
Daintree Residence successfully sold 50 of the 80 phase-one units amidst newly introduced property cooling measures. The Phase 1 launch is the first in the real estate market since new property cooling measures kicked in on July 6. The developers of newly launched condominium, SP Setia, said earlier that they were working out a “special discount” for [...]
Launch of new private homes could remain healthy in 3rd Quarter
The launch of new private homes picked up significantly in 2Q18 with 2,437 units placed on the market by developers, 164.6% higher than in 1Q18 and 21.2% higher y-o-y, said JLL. The leading real estate services company noted that rising prices and a more buoyant market led developers to increase the launches during the second [...]
New property cooling measure impact will only be felt in August 2018
Citing a survey by the Urban Redevelopment Authority which showed that 654 private homes were sold by developers in June, Cushman & Wakefield said the new property cooling measure impact will only be felt in August 2018. The survey said that sales of private residential units in June were down 41.7 per cent from May’s sales [...]
URA Q2 statistics shows demand not matched by supply leading to large unsold units
The Urban Redevelopment Authority’s Quarter 2 data (URA Q2 statistics) showed that demand was not matched by supply leading to large numbers of unsold units in the market, said a research by CBRE. URA released yesterday the real estate statistics for 2nd Quarter 2018. The real estate statistics showed that prices of private residential properties [...]
Retail rents slipped while vacancy rate eases showed URA’s 2Q real estate statistics
The Urban Redevelopment Authority (URA) released today the real estate statistics for 2nd Quarter 2018. The real estate statistics showed that prices of private residential properties increased by 3.4% in 2nd Quarter 2018, compared with the 3.9% increase in the previous quarter. Prices of landed properties rose by 4.1% in 2nd Quarter 2018, compared with [...]
Some residential sites in Tiong Bahru to be rezoned URA announced
The Urban Redevelopment Authority (URA) announced on July 24th that it will be rezoning some residential sites in the Tiong Bahru estate under the Master Plan, from ‘Residential’ to ‘Residential with Commercial at 1st storey’. This is to recognise existing businesses with approvals and specify where commercial uses are allowed in the estate while sustaining [...]