Developers sell 9,957 homes in first 7 months

DEVELOPERS’ sales of private homes surged 82 per cent month on month to 1,544 units in July from the low of 847 units in June, according to latest official figures. This reflects a resumption in home buying, which had taken a breather during the school holidays and World Cup. However, sales are expected to slip [...]

HDB to put up 3 residential sites for sale on Thursday

The Housing and Development Board (HDB) is launching three residential sites at Hougang, Punggol and Pasir Ris for sale on Thursday. The three sites at Hougang Avenue 7, Punggol Drive/Punggol East and Pasir Ris Drive 3/Pasir Ris Drive 4 can potentially yield about 1,260 dwelling units, of which about 485 are Executive Condominium (EC) units. [...]

The Parc sets a high of $1,030 psf; West Bay unit hits $786 psf

The launch of The Vision condominium along West Coast Crescent by Hong Kong developer Cheung Kong (Holdings) in mid- March at $1,000 to $1,200 psf set a new price benchmark for the West Coast area. For instance, the two penthouses in the develop ment were sold for $1,332 psf in the first weekend of private [...]

Tender for Punggol Field/Punggol Rd site attracts highest bid of S$223.7m

The Housing and Development Board’s (HDB) tender for a residential site at Punggol Field and Punggol Road has attracted the highest bid of S$223.7 million. This came from a joint bid by two companies – ChoiceHomes Investments and CEL Development. That translates to about S$298 per square foot per plot ratio for the reserve list [...]

Golden era of development

Early this week, a developer gave itself a pat on the back for delivering good returns on its maiden residential project. Considering that almost every established developer made record profits in their recent history, was it such an achievement? If ever there was a period which could be described as a golden era for developers, [...]

Fewer cluster homes for S’pore market

HOME buyers and investors keen on getting a cluster house may soon find themselves with an increasingly limited pool of new choices to select from. This is because the number of new cluster-housing launches looks set to fall after this year, following a recent change in Government regulations, say property experts. In the new ruling, [...]

Developers’ bullish bids

Property developers are still bidding aggressively for land despite the Government’s announcement of more land sales in the second half of this year. As the tender closed for the residential site at Upper Serangoon yesterday, a top bid of $113.7 million had been submitted by China based developer Qingdao Construction. That translates to $607 per [...]

Qing Dao puts in top bid for Upper Serangoon residential site

Developer Qing Dao Construction has put in a top bid of S$113.7 million for a residential land parcel in Upper Serangoon. That works out to about S$607 per square foot. Consultants Colliers International said this is also the second highest price recorded for a 99-year leasehold land parcel sold by the government for non-landed housing [...]

Keppel Land uses S$76m from rights issue to partly fund cost of condo devt

Keppel Land said it has used about S$76 million of the net proceeds from its rights issue last year to fund a quarter of the cost to develop its newly acquired condominium site located at Boon Lay Way and Lakeside Drive. Keppel plans to develop about 550 homes at the site. These will include 1 [...]