Channel News Asia | 12 Sep 2013

SINGAPORE: Sales of new private homes are poised for an increase in August from a month earlier.

Analysts expect around 600 to 700 units to be sold in August.

Tembusu in the suburbs in Kovan was one of the few projects launched in August - traditionally a lull period because of the Hungry Ghost Festival.

CHEERS.

www.propertyguru.com.sg | 28 Aug 2013

Buyers are being drawn to more affordable and smaller units following the government's latest property cooling measures and stricter loan rules, according to a report from DTZ.

During the second quarter, 2,571 buyers (38 percent) opted to buy homes below S$1 million, higher than the 1,835 buyers (31 percent) in the previous quarter. Purchases between S$1 million to S$1.5 million also increased to 33 percent or 2,265 units in Q2.

www.propertyguru.com.sg | 23 Aug 2013

OSIM founder Ron Sim is reportedly selling his good class bungalow (GCB) at Bin Tong Park for S$117 million, which translates to a psf price of around S$2,500. This would set a new record psf price, media reports stated.

The property has an area of about 22,000 sq ft and is located on a hillside slope. The site comprises two plots of freehold land that totals 46,842 sq ft. It features a 25m swimming pool, spa, home theatre, tennis court, private lift, wine cellar and a basement garage for 15 cars. 

Channel News Asia | 22 Aug 2013

SINGAPORE: 74 per cent of Singapore home buyers are delaying their property purchases, and 59 per cent of the respondents surveyed are confident prices will not decline.

According to a recent survey conducted by property website iProperty Group, 60 per cent of the Singapore respondents have called for additional cooling measures. This compares to 27 per cent who do not want further cooling measures.

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

The Tembusu condominium project (pictured) in Kovan has received strong interest from buyers, with over 200 units sold as of yesterday, media reports said.

Developed by Wing Tai Holdings, the 337-unit development commenced sales yesterday, two weeks after the showflat was opened for VVIPs and those who had pre-registered earlier. The units are likely selling for S$1,400 to S$1,500 psf on average, sources said.

www.propertyguru.com.sg | 6 Aug 2013

A good class bungalow (GCB) at Chancery Lane is up for sale by tender with an indicative price tag of S$39 million. Built in the 1980s, the freehold property is located within the Bukit Tunggal GCB enclave.

With a land area of 23,932 sq ft, the property could fetch a psf price of S$1,630. The tender was launched today by marketing agent DTZ and is scheduled to close on 9 September.   Following the sale, the new owners are expected to redevelop the site. 

The Straits Times | 18 Jul 2013

FOREIGN property buyers are not just feeling the heat in Singapore but face restrictions across the region, according to a Knight Frank Research report yesterday.

Governments have been imposing curbs on fears that overseas buyers have been taking advantage of low interest rates to dive into Asian real estate, pushing up prices in the process.

The Business Times | 27 June 2013

[SINGAPORE] Hong Leong Holdings yesterday announced that it would be launching a freehold condominium this weekend. One Balmoral, as it has been named, is along Balmoral Road, just off Stevens Road and in the high-end residential area of District 10.

The 91-unit project will consist of 11 one-bedroom units, 35 two-bedroom units, 32 three-bedroom units and 13 four-bedroom units. The size of the units ranges from 592 square feet for the one-bedders to 1,657 sq ft for the four-bedders. Prices start at $1.5 million.