Entries by admin

Increase in DC rates to have impact on en-bloc sales?

The government is raising development charge or DC rates for non-landed residential use by 13.8 per cent on average. The areas which have seen private-sector collective sales and bullish land bids at state tenders in recent months will see some of the biggest hikes in DC rates. The government is also increasing DC rates by […]

Home prices to reach inflection point by 2018?

SINGAPORE — The private housing recovery found a stronger foothold in May, as the resale volume jumped 17.4 per cent from the previous month and prices resumed their upward climb. The latest flash estimates by SRX Property released yesterday for private non-landed resale transactions showed that the resale volume last month amounted to an estimated […]

Another freehold property to be launched for collective sale

SINGAPORE – City Towers, a freehold property along Bukit Timah Road, will be launched for collective sale at an owners’ reserve price of S$355 million. This represents the owners’ fourth attempt at a collective sale. Marketing agent for the collective sale, Colliers International Group Inc, in a statement on Wednesday (Jan 3), added that the […]

Substantial gains likely from the sale?

The 12 owners of the Dunearn Court condominium have put the property on the market for $38.8 million, with substantial gains likely from the sale. The tender comes hot on the heels of a slew of collective sale deals sealed in recent months amid rising optimism in the private residential market. Upcoming executive condo launches include Anchorvale Lane […]

Creating a car-lite and commuter-centric district

SINGAPORE –  From having pockets of green space and a new water channel to rolling out various car-lite initiatives, these are some of the master-plan proposals for the Jurong Lake District. The developments in the district, slated to be the Republic’s second central business district, are expected to be completed after 2040. This will benefit nearby […]

Pressure for prices to go up

Developer GuocoLand has trimmed the number of units put up for sale at its latest condominium, Martin Modern, in what is seen as a bet on private residential prices reversing course after years of decline. Other developers also appear to share the same sentiments. Earlier this week, Chinese developer Qingjian Realty said it is holding […]

Strong confidence in the long-term growth prospects

SINGAPORE – Sales of new private homes have seen a resurgence, the latest being an executive condominium (EC) project in Hougang that sold out within a day – a feat not seen since 2014. Hundred Palms Residences EC in Yio Chu Kang Road shifted all its 531 units at an average of S$836 per square […]

Developers to continue to remain aggressive in land bidding

THE recent pick-up in residential sites acquired by Singapore developers suggests that they have finally come around to the prospect of a more decisive recovery in Singapore’s residential market, and the downside of a depleting landbank. Despite earlier concerns of gung-ho foreign developers crowding out local developers for residential sites sold by the government, Singapore […]