Good class bungalows soar in price

Sales in first half pass $1b mark, and demand unlikely to flag: Report THE priciest homes just keep getting pricier, with the values of upmarket, prime-area bungalows rocketing this year, and sales totalling more than $1 billion in the first six months. And just to underline the boom in what are called ‘good class bungalows’, [...]

Luxury property prices in Singapore expected to rise by up to 8%

Prices of luxury property in Singapore are set to rise between 5 and 8% due to solid economic fundamentals, strong cash holdings by Singaporeans and low interest rates, it is claimed. According to a leading strategist at Swiss bank UBS prices of mid and lower range real estate could hold at current levels for at [...]

Far East Organization launches ultra luxury development arm

Market players believe more home hunters and investors are going up-market. To tap opportunities in this segment, developer Far East Organization has launched a series of luxurious apartments under a brand called Inessence. Industry figures show that some 240 ultra high-end homes were sold in the first half of this year, and observers said there [...]

Private home price hikes expected to soften in Q2

Increases in private home prices are expected to slow down in the second quarter after climbing 5.6 percent in the first quarter. Colliers International said suburban homes could cost 2 to 3 percent more on average for the next two quarters. Prices of suburban homes have already surpassed the peak by about 10 percent. Meanwhile [...]

Unit at Double Bay Residences sells for $821 psf

It may be three years before Double Bay Residences is completed, but some buyers of the sold-out, 646-unit condominium at Simei Street 4 have already cashed out for a profit. The 99-year leasehold project was launched in March last year amid much uncertainty in the property market. Units went for as low as $409 psf, [...]

Rate of increase in S’pore housing prices slows down

The rate of increase in housing prices in Singapore slowed down in the second quarter of this year, according to property consultancy firm DTZ. It said resistance to the high asking prices and the uncertainty in the stock market sidelined buying interest in the property market. The only exception was in the mass market segment [...]

Remaking of Punggol estate on track

Plans for remaking Punggol are on track. Senior Minister of State for National Development, Grace Fu, said as of June 1, HDB has completed almost 18,000 residential units in Punggol. Another 9,400 are under construction. Subject to demand, HDB is on track to complete 35,000 flats by the end of 2015. This will make Punggol [...]

Premium BTO project in Punggol to be launched

The Housing and Development Board will launch a premium housing project in Punggol later this June under the Build-To-Order (BTO) system. Sited along the Punggol Waterway, the project will offer waterfront living and boasts eco-friendly features. In line with the project’s emphasis on energy conservation, there will be large courtyards and openings to promote natural [...]

Property caveats lodged in May down 41% on-month

It’s official – Singapore’s private residential property market cooled significantly in May. The number of caveats lodged fell 41 per cent on-month to 1,979, according to latest figures from Singapore Institute of Surveyors and Valuers. Still, property analysts do not expect foreign investor’s appetite for homes to be dampened. Industry data showed that District 4, [...]

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 [...]