[SINGAPORE] Hillview House, an industrial building on a freehold residential site, was yesterday launched for sale by tender by sole marketing agent DTZ Debenham Tie Leung (SEA) Pte Ltd.
The site, at 1 Jalan Remaja, measures 43,557 sq ft and has a gross plot ratio of 1.92.
DTZ estimates that it can be developed into a 10-storey condominium development with 110 units, assuming an average apartment size of 70 sq m.
Freehold condominium Three 11 (pictured) in Upper Thomson Road sold half of its units in two hours after its launch, according to media reports.
Knight Frank, the project's sole marketing agent, revealed that 33 of the 65 units were sold mostly to Singaporean buyers who accounted for 80 percent of the crowd, while the rest were foreigners and permanent residents.
Preliminary figures from Savills reveal that investment sales of properties valued at S$10 million and above dropped 10 percent to S$4.5 billion in Q2. The final figures are expected to range between S$4.9 billion and S$5 billion.
This is lower than Q1 sales of S$5.6 billion, which was a significant drop from S$8.3 billion in Q4 2012 and S$9.4 billion in Q3 2012.
However, it has to be noted that Q2 2012 was a high base, with large
J Gateway (pictured), an upcoming condo in Jurong East, is expected to sell units for as much as S$1,600 psf — a price that will test buyer demand for suburban homes, according to analysts.
Developed by MCL Land, the 738-unit project is expected to sell a 474sq ft one-bedroom unit for as high as S$1,650 psf while a 1,163sq ft four- bedder could go for S$1,450 psf on average, said marketing agent Huttons.
THE freeze in the Good Class Bungalow (GCB) market appears to be thawing, with a few sizeable transactions done lately.
Simon Cheong, the boss of high-end developer SC Global, is selling his home in Cornwall Gardens for $42.5 million. This works out to $2,051 per square foot (psf) based on the land area of 20,719 square feet. On the elevated site is the luxurious bungalow that Mr Cheong developed and which is understood to have five bedrooms (including a sprawling master
[SINGAPORE] City Developments Limited's (CDL) 616-unit Jewel@Buangkok drew strong sales over the weekend, with 203 of the 280 units released by the developer snapped up.
The average selling price of the apartments was about $1,150 per square foot, which includes an early-bird discount, said CDL.
Singaporeans had the lion's share of sales, making up 84 per cent of buyers. Many were young couples, PMEBs (professionals, managers,
[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).
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.
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).
THE activities of Japanese property developers here are hardly homogeneous, but there is one thing they all share - a positive outlook for continued investment in the Republic.
Singapore's residential market has been a mixed bag for Japanese developers, with some projects seeing emphatic success while others struggling to move sales.
All of the developers interviewed have partnered more established local
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