www.propertyguru.com.sg | 26 Aug 2013

Smaller developers are teaming up as consortiums to leverage on each other's resources when bidding for sites amid stiff market competition, said media reports.According to Donald Han, Managing Director at property consultancy Chestern Singapore, smaller players need to raise more funds "unlike bigger listed developers who have access to a myriad of financing facilities and sources of funds". 

For instance, the recent tender for an executive condominium (EC) site in Yuan Ching Road recorded a top bid of S$418 psf ppr, submitted by a consortium comprising Evia Real Estate, CNH Investment, BBR Development and OKP Land. In 

www.propertyguru.com.sg | 21 Aug 2013

With stricter loan requirements set for private property, many buyers are now finding cheaper alternatives in the executive condominium (EC) market, media reports said.  The shift is mainly due to the introduction of the Total Debt Servicing Ratio (TDSR) framework, which covers a borrower's total debt repayment including mortgages. Banks now need to ensure that borrowers' total monthly debt repayments do not exceed 60 percent of their gross monthly income.This buying trend became evident when two recent launches reportedly saw bullish sales.

The 495-unit Sea Horizon EC in Pasir Ris was three times oversubscribed

www.propertyguru.com.sg | 20 Aug 2013

The 380-unit Lush Acres executive condominium (EC) project in Sengkang has sold 289 of its units, or 76 percent over the weekend after bookings opened on Saturday.  Developed by City Developments Limited (CDL), the EC comprises four 25-storey towers featuring three- to five-bedroom apartments, with suite and premium options available. Units are going at an average price of S$785 psf or from S$704,000 to S$1.275 million.

www.propertyguru.com.sg | 5 Aug 2013

An executive condominium (EC) site (pictured) at Yuan Ching Road/Tao Ching Road in Jurong has been awarded to a consortium comprising Evia Real Estate, BBR Development, CNH Investment and OKP Land, after it offered the top bid of S$272.83 million.

The 217,298 sq ft site received an overwhelming response with 16 bidders when its tender closed on 30 July, according to the housing board.

Meanwhile, two other EC sites whose tenders closed on the same day have also been awarded to their respective top bidders.

www.propertyguru.com.sg | 2 Aug 2013

An executive condominium (EC) site (pictured) at Yuan Ching Road/Tao Ching Road drew 16 bids at the close of its tender on Tuesday, according to the HDB. The 217,298 sq ft site with a maximum gross floor area (GFA) of 651,895 sq ft was among three EC sites offered on 99-year leases.

A consortium comprising Evia Real Estate, BBR Development, CNH Investment and OKP Land submitted the highest bid of S$272.83 million or S$419 per sq ft on the GFA.

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.