Entries by admin

New project launches attracts huge crowds

SINGAPORE: Demand for new private residential homes has improved in the first half of 2017 as compared to the same period last year, largely driven by the perception that the market is bottoming out, according to analysts. The Urban Redevelopment Authority’s (URA) second quarter figures for the year showed the sale of new private residential units, excluding […]

Providing more facilities and connectivity

SINGAPORE – A picnic by the beach would be much easier in the next five to 10 years, when the makeover of Pasir Ris town is complete. For some households, it would soon also be possible to enjoy views of the park and the Sungei Api Api river leading to it. HDB plans to build […]

Slew of collective sales of private apartments continues

SINGAPORE – The slew of recent collective sales of private apartments continues unabated with the latest addition of Katong Omega Apartments, up for sale en bloc with an indicative price of S$41 million. Strata board approval is not needed for the sale as all 18 owners of the freehold District 15 residence at 357, East […]

New units to be launched at higher prices?

Demand for new private homes stayed robust in April with sales staying above 1,000 units for the second straight month – a feat not seen since the tail end of 2013. Developers sold 1,555 new units – excluding executive condos (ECs) – down by 12.6 per cent from the 1,780 shifted in March, said the […]

Residents can reconfigure flats according to needs

SINGAPORE — Bird-watchers who move in to the Woodleigh Glen housing development in Bidadari will be able to spot their feathered friends from a 10th-storey sky terrace that stretches for 200m in the public housing project. Complete with sheltered pavilions, the sky terrace will face Bidadari Hill Park and also cater to residents seeking views […]

Unlocking value through the en bloc process

DEVELOPERS’ love for freehold property in residential en bloc sales in the past appears to have given way to a preference for leasehold assets in the current en bloc cycle. A Cushman & Wakefield study finds that the proportion of leasehold property sold in residential en bloc deals – by number of units sold – […]

Sensible investors to come to Singapore instead?

The asking price for a new three-storey penthouse in Singapore, complete with a private pool on the 64th floor, has reached a dizzying $100 million. Due to be formally unveiled later this year, Wallich Residence’s penthouse is in the tallest building in Singapore, the island of well- heeled stability that attracts the super-rich from its […]

Transformation plan to appeal to residents

SINGAPORE -When its first buildings are ready in five years, Punggol North could become something of a mini Silicon Valley in Singapore – a centre of digital and cybersecurity industries that generates up to 28,000 digital economy jobs. The masterplan for the 50ha Punggol Digital District was launched on Sunday  by Deputy Prime Minister Teo […]

En bloc sales an effective tool for urban redevelopment?

A surge in transaction volume in the private housing market after the third quarter may have seemed like the first sign of optimism. But the pick-up came much earlier as prescient developers snapped up lands put up for en bloc sale starting in the second quarter. With 37 tenders worth more than S$8.7 billion being awarded […]