Rentals Keep Up with Rise in Home Prices

Source: The Straits Times – 26 January 2013 Rentals have kept pace with the rise in private home prices, but not across the board. “Rental yields remain at 3.7 per cent islandwide,” Maybank Kim Eng said in a report that compared 2011 and 2012 rentals at projects with more than 10 rental contracts. The minimal […]

Mixed-Use Developments Draw Homebuyers

Source: Business Times – 26 January 2013 Mixed-use developments integrating residential and retail components have become an attractive proposition for homebuyers, notably couples and young professionals, according to Far East Organization. Chia Boon Kuah, chief operating officer for property sales, said this after a recent offering, the 99-year-leasehold The Hillier, sold its last residential units […]

Non-landed Homes at Record Average Prices

Source: The Straits Times – 8 December 2012 Prices of resale non-landed private homes continued to climb, hitting a record $1,222 per square foot (psf) on average in the first two months of the fourth quarter. This was on the back of an improved performance from all regions here, latest data from the Singapore Real […]

Sentosa Cove Prices Inch Up Again

Source: The Straits Times – 8 December 2012 Buying interest has crept back into the exclusive Sentosa Cove estate, which boasts some of the most expensive waterfront homes in Singapore, after a lull in sales last year. But market activity in the millionaires’ playground is still far from its heyday a few years ago. Developers […]

Strata Offices Enjoying Good Demand

Source: Business Times – 8 December 2012 An office floor at Samsung Hub along Church Street has been sold for nearly $39.4 million or $3,000 per square foot based on its strata area of 13,132 sq ft. On psf basis, this marks a fresh high for the building, which is in the Raffles Place area. […]

Record Bid for Punggol EC Site

Source: The Straits Times – 7 December 2012 A residential site for an executive condominium (EC) in Punggol East, next to Flo Residence condo, has drawn a record bid for a Punggol EC site in a seven-way contest. The top bid of $351 per sq ft per plot ratio (psf ppr) exceeded those for more […]

Report: Big Fall in Property Prices Unlikely

Source: Business Times – 7 December 2012 It would take an interest rate shock or poor GDP growth, or both, to bring down private property prices here noticeably over the next five years, a study has said. Analysts had been anticipating that prices would fall as a record supply of land comes on stream and […]

Prime Office Rentals at Basement Prices for Now

Source: Business Times – 7 December 2012 The best office space in town currently commands just a shade more rental than the rest. But this won’t last. The rental gap between Grade A offices and Grade B office space islandwide has narrowed this year. Rents in older buildings at prime locations have held up as […]

Novena White Site Draws Record High Bid

Business Times – 5 December 2012 Smashing all previous records, a white site at the junction of Thomson Road and Irrawaddy Road yesterday drew a top bid of $492.5 million, or $1,631.59 per square foot per plot ratio (psf ppr). The bid, which was jointly put up by Hoi Hup Realty Pte Ltd, Sunway Developments […]

Developers Rolling Out New Projects as Year Ends

Source: The Straits Times –3 December 2012 The property market usually puts its feet up as Christmas and New Year approach, but this year looks to be an exception with a string of new launches planned. Forget the school holidays and festive wind-down; developers are keen to push out their projects while the housing market […]

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