A plum site in Lorong Lew Lian has attracted a bumper crop of l1 bids as developers move to replenish their land banks in the light of fewer state plots going on the market.
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A plum site in Lorong Lew Lian has attracted a bumper crop of l1 bids as developers move to replenish their land banks in the light of fewer state plots going on the market.
The top bid came from Chip Eng Seng's CEL Residential Development, which offered S$419.38 million. This translates to about S$8,186.54 per square metre.
SINGAPORE: A residential site at New Upper Changi Road/Bedok South Avenue 3 (Parcel B) has attracted eight bids at the close of tender, the Urban Redevelopment Authority (URA) said on Tuesday (Feb 23).
Earlier in April this year, the Housing Development Board (HDB) have released two plots of 99-year leasehold residential land parcels for sales under the Goverment Land Sales (GLS) programme for the first half of 2015, at Toa Payoh andDundee Road. As expected by most consultants, these 2 sites indeed drew a high level of response from property developers.
SINGAPORE — An Executive Condominium (EC) site on Yio Chu Kang Road has attracted healthy interest from developers, with the highest of ten bids amounting to S$183.8 million, the Housing and Development Board (HDB) said at the close of tender today (Feb 18).
The 99-year leasehold site, released from the Confirmed List of the second half of the 2015 Government Land Sales programme, sits on 198,302 sq ft of land. With a plot ratio of 2.8, the site has a maximum allowable gross floor area of about 555,246 sq ft and can yield an estimated 520 homes, the HDB said.
From high-end luxury condos to mass-market condos and ECs, here's the top 10 list of new launches watch out for in 2016.
From high-end residential buildings to mass-market condominiums with affordable price tags, there is a diverse selection of new launches to watch out for in 2016. No matter how small you want it to be or grandiose if the budget permits, below are some of the most highly anticipated new launches in 2016.
Economists polled by the Monetary Authority of Singapore (MAS) are cutting down their growth forecast for the economy for 2016 from 2.2 percent to 1.9 percent, the central bank’s latest quarterly survey revealed Wednesday (16 March).
“As reflected by the mean probability distribution, the most likely outcome is for the Singapore economy to grow by between 1.0 to 1.9 percent this year, below the 2.0 to 2.9 percent range reported in the last survey,” the MAS said.
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Offering thoughtfully-designed residential spaces, state-of-the art facilities, as well as a good mix of retail and F&B shops under one roof, The Wisteria presents itself as the ideal space for live and play.
In recent years, mixed-use developments, which encompass both commercial and residential units in a single complex, have become increasingly popular, with a growing number of developers starting to roll out mixed-use developments across the island. This comes as no surprise, as the fast growing population in land-scarce Singapore has resulted in a surge in demand for homes and amenities alike.
While it is true that it is a fool’s errand to try to time the property market, you can certainly buy at a dip. In fact, that is what you are supposed to do: Buy low and sell high.
It is very human in a down market to want to buy at the absolute lowest point. The problem, though, is that no one can identify the bottom until after the fact.
How many people have you met who regret not buying in 1998 or 2004 or 2008?
Echoing what has been said before, Home Affairs and Law Minister K Shanmugam yesterday reiterated that market stability is key when assessing property cooling measures and the government will review property cooling measures when the risks are “less or manageable”.
Mr Shanmugam fielded questions yesterday at our ERA 2016 Asia Pacific Business Conference, and above was his comment in reply to question on when property cooling measures, especially additional buyer’s stamp duty (ABSD), will be tweaked.
In 2015, home ownership among resident households reached 90.8 percent, up from 87.2 percent in 2010. Chinese households recorded the highest rate of homeownership at 93.1 percent, followed by Malay (86.9 percent) and Indian (84.1 percent) households.
Singapore was named the best city for young people in the world, in terms of employment and entrepreneurship opportunities, based on a study commissioned by the Citi Foundation and conducted by The Economist Intelligence Unit, reported The Guardian.
Based on the Hastening Pathways Youth Economic Strategy (YES) Index 2015, the city-state took the top position in the positions, considering factors like employment growth, availability of quality jobs and also the ease of starting a brand new company.
More paid-up capital to apply for sale licence; harder now for those with limited track record
Recent rule changes by the Urban Redevelopment Authority (URA) will make it harder for aspiring developers with limited track records to build and sell private homes.
The changes also mean that developers must commit more paid-up capital in order to apply for a housing developer's sale licence.
The revised criteria were set out in a URA circular to real-estate professionals at the start of this month, and will take effect from next month.
The North of Singapore will be seeing some construction activities this time around as the plans to transform the forest area into a hub of shopping malls and playground sets on the way. Irrespective of whether you live in the north or not, the following 14 planned developments are definitely what knowing. This would bring up the excitement for those new launch condo, upcoming condos for sale and executive condominium in the north.
PRICES of executive condominiums (ECs) do catch up with private condos after the initial five-year minimum occupation period (MOP), and even more so when they are fully privatised 10 years after purchase.
A study by OrangeTee has found that the average price gap between new condos and ECs starts at around 20 per cent, due to the sales restrictions that apply to ECs, as well as their lower land and construction costs.
But upon fulfilling the MOP and at privatisation, the discount narrows to 9 per cent and 5 per cent respectively.
At the end of the MOP, ECs can be sold in the open market to Singaporeans and permanent residents; upon privatisation, ECs can be sold to foreigners.
This is not to say that buying an EC is a sure-profit investment, as history shows that much still depends on the initial purchase price.
Singapore’s property prices will stabilise for both public and private housing, and the northeast region presents great potential for buyers.
With the first quarter of 2016 well underway, property seekers were keen to find out about current property market statistics and what these data trends could tell them about the outlook for the local property market. This interest was reflected by the large crowd at the Kingsford Waterbay show suite, where the latest edition of PropertyGuru’s Guru Talk was held.
Young, innovative and constantly improving, Yishun is one of the most vibrant, popular residential estates in the north of Singapore. We delve into its appeal and predict the future of this northern town.
As an HDB estate, Yishun is only 40 years old, but is one of the most popular towns in northern Singapore, thanks to the convenience afforded to residents by its accessibility and many amenities.
And though it is a fully developed residential estate with its own MRT stations (Yishun and Khatib), Yishun is continually being improved. From shopping and dining to education and housing, the estate seems to be in a state of constant development. Unsurprising, perhaps, when one considers the two words synonymous with Singapore’s reputation: growth and progress.
Maybank Kim Eng said there are three factors that could help Singapore bump up the demand supply outlook for its residential market, reported Singapore Business Review.
Firstly, the country could review its long-term population target established in 2013, where growth was capped in response to the infrastructure shortfall seen in recent years.
The construction of a new German European School Singapore (GESS) at Dairy Farm Road is set to commence next month after a subsidiary of Singapore-listed TA Corporation secured a $94 million contract to undertake the project.
This brings the order book for the group’s construction business to approximately $300 million.
Why A Stock Market Crash Can Be A Wonderful Thing For Singaporeans
Unless you have been living in a cave, you should know that stock prices have been falling drastically since the start of the year and is expected to continue even further.
Many people are frantically trying to sell off whatever shares they have left amid the global recession and prices are slashed more than your annual year-end sale.
Despite this, there are a growing group of knowledgeable investors who are waiting patiently for the perfect opportunity to invest. Want to know the reason why?
Here are 3 reasons why more Singaporeans will start investing in 2016…
Before I understood finance, I cast a reflection and didn’t have fangs. Also, I didn’t understand why billionaires like Kwek Leng Beng would have a mortgage. Kwek Leng Beng, for example, is worth $7.2 billion and he can buy houses like a fat man buys McNuggets. That caused me to assume rich people took out mortgages mainly to mock me. Now that I’ve lost the last vestiges of my humanity (and hence understand loans better), I know why they do it. There’s a great money lesson in it for the rest of us peasants as well: