Developers upbeat about EC market
The Business Times | 31 May 2013
PROVISIONAL results for yesterday's tender for an executive condominium (EC) site in the Sengkang area, like that for a Woodlands EC site which closed earlier this month, led property consultants to conclude that developers remain confident about prospects for this market segment.
www.propertyguru.com.sg | 22 May 2013
The Monetary Authority of Singapore’s (MAS) macroprudential measures are said to have achieved “some degree of success” in cooling the property market and will be tweaked depending on market conditions.
At a dinner organised on Tuesday by the Asian Bureau of Financial and Economics Research, Ravi Menon, Managing Director for MAS, said these measures boost monetary and financial supervisory policies to help achieve financial stability and sustainable prices.
The Business Times | 17 May 2013
[SINGAPORE] Keppel Land is said to be pricing the initial 100 apartments at its Corals at Keppel Bay condo at between $1,800 psf and $3,000 psf.The project - being developed on a site with 99-year leasehold tenure starting February 2007 - has a total of 366 units in 11 blocks between four and 10 storeys high.
Nearly 45 per cent of the units are one and two-bedders. Corals at Keppel Bay will have one, two, three and four-bedroom apartments sized between 600 sq ft and 3,600 sq ft in addition to eight penthouses (4,800 sq ft to 7,800 sq ft).
www.propertyguru.com.sg | 15 May 2013
With a surge of new homes coming on to the market, Singapore's housing sector will soon become a buyer's market as developers continue to provide attractive incentives, according to experts.
Chris Comer, CEO of Castlewood Group, the developer of Nikki Beach properties around Asia, said: "It's going to be a renters' market here for a very long time."
Luxury home prices slide 4.3%
www.propertyguru.com.sg | 14 May 2013
With the introduction of recent property curbs, prices of luxury homes in Singapore are expected to fall by up to five percent for the rest of the year, according to Jones Lang LaSalle.
Prices in the first quarter fell by 0.6 percent quarter-on-quarter, and 4.3 percent year-on-year.
www.propertyguru.com.sg | 12 May 2013
The Twin Fountains executive condominium (EC) in Woodlands has seen strong interest from buyers, with the only two available penthouses sold for S$1.64 million each. Aside from both units which are vast – measuring 2,207 sq ft, 104 dual-key units were also snapped up, The Straits Times reported.
Jointly developed by Frasers Centrepoint and Lum Chang, the development comprises 418 units of which 289 were sold as of Saturday. Buyers showed keen interest for the four-bedroom, dual-key units priced at around S$1.13 million to S$1.25 million.
New property launches in May
www.propertyguru.com.sg | 10 May 2013
To take advantage of the private housing market rebound in March, developers are launching a slew of new projects set to come on to the market this month.
Launches include The Siena, Ferra, Hallmark Residences, The Flow@East Coast, Cluny Park Residence, KAP & KAP Residences, Whitehaven@Pasir Panjang and Midtown & Midtown Residences (pictured).
www.propertyguru.com.sg | 7 May 2013
Prices of resale flats could change in the coming months as 50,000 newly-built flats are handed over to their owners, said National Development Minister Khaw Boon Wan.
At a recent dialogue session, he noted that the government has indirect influence on home prices even if buyers and
The Business Times | 3 May 2013
[Singapore] Despite what has been described in some quarters as onerous property cooling measures, GuocoLand is upbeat about the prospects for its first integrated mixed-use development, located above the Tanjong Pagar MRT station.
Slated for completion in 2016, Tanjong Pagar Centre is an integrated development comprising Grade A offices, residential apartments, a luxury business hotel, retail space and a sheltered event space in Tanjong Pagar City Park.
www.propertyguru.com.sg | 3 May 2013
National Development Minister Khaw Boon Wan yesterday said in a blog post that Singapore needs to increase its construction productivity urgently and one way is through the use of prefabrication and standardization.
But he added that such a strategy requires many more crane operators.
"For example, for each HDB block under construction, the contractor needs to deploy one crane on the ground. This level of deployment is not