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.

CNBC | 22 Aug 2013

Singapore's property market is unlikely to be hit too hard by the concerns about an unwinding in U.S. monetary stimulus which are giving Asian asset prices a drubbing, analysts say.

Expectations that the cheap liquidity which has helped boost Asian real estate markets will come to an end with the U.S. Federal Reserve likely to start winding down its monetary stimulus soon have hit Asian risk assets hard. The sell-off in emerging markets this week has been particularly pronounced.

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.

Reuters | 20 August 2013

The Singapore government unveiled a master plan yesterday to double capacity at Southeast Asia's busiest airport, build a new waterfront city, move its massive port and relocate a military airbase to free up land for development.

The plan announced by Prime Minister Lee Hsien Loong (pic)follows mounting discontent in one of the world's wealthiest nations over an influx of foreign workers and expatriates blamed for a range of problems - from strained infrastructure to among the highest living costs in Asia.

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 | 12 Aug 2013

Kensington Village, a joint venture company between Fragrance Group and World Class Land, has opened the sales gallery for Kensington Square (pictured), a new mixed development at the junction of Upper Paya Lebar Road and Jalan Lokam.

The freehold project comprises 141 residential units ranging from 431 sq ft to 1,227 sq ft and in one- to three-bedroom configurations, some of which offer the dual key feature. Prices could start from S$1,450 psf.

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. 

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.