simscool

80% of units launched at 368 Thomson snapped up

Sun, 11 Jul 2010 11:04:22 -1330

Source : Channel NewsAsia â 9 Jul 2010ï»¿

City Developments Limited (CDL) has sold about 80 per cent of the launched units at 368 Thomson, its latest freehold residential development at the former Concorde Mansions site along Thomson Road.

Private previews for former owners of Concorde Residences, Balestier Court, Bright Building, and directors and staff of CDL, started on Thursday, while the public preview began on Friday.

CDL said 120 units of the 36-storey freehold development comprising 157 units were released in Phase 1.

Going at an average price of S$1,350 per square foot, the apartments range from S$918,000 for the 689 square foot one+study units to S$4.4 million for the 3,391 square foot 5-bedroom penthouses.

Regent Grove a steal at $665 psf

Sun, 11 Jul 2010 11:03:13 -1330

Even though transactions of new home sales have dropped, prices seem to have held up.

For bargain hunters who are looking for properties in the price range of $600 psf, one can consider Choa Chu Kang. Take for instance the 553-unit Regent Grove, a 99-year leasehold condominium located at Choa Chu Kang North 7 (near the Yew Tee MRT station.) It appears to be drawing homebuyers on the lookout for reasonably priced mass market condominiums in the suburbs. From June 8 to 15, there were five transactions at the development at prices ranging from $590 to $665 psf, according to caveats lodged with URA Realis.

Sentosa Cove bungalow sells for $36m at $2,403 psf

Mon, 14 Jun 2010 09:46:08 -1330

Source : Business Times â 12 Jun 2010

Top-end home sells defines gravity in a cautious property market

AMID the caution that has crept into the market for mainstream condos since last month, a record price has been set for a top-end bungalow on Sentosa Cove. The property at Paradise Island changed hands in the resale market for $36 million or $2,403 per square foot on land area last month. In terms of both, the absolute amount and unit land price, this is believed to be the priciest bungalow deal in the upscale waterfront housing district, based on caveat records captured by the URA Realis system.

Houses in Opera Estate cross $1,000 psf level

Mon, 14 Jun 2010 09:44:53 -1330

June 14, 2010

Landed homes in Opera Estate have increasingly breached the $1,000 psf level this year. Of the 16 transactions worth more than $1,000 psf from May 1997 to May 2010, half were carried out this year, according to caveats lodged with URA Realis. The peak of $1,301 psf was hit when a terraced house at Taman Siglap Road was sold for $2.1 million in February.

Opera Estate is located near the Bedok MRT station and bus interchange, which are next to the hawker centre and near the supermarket, library and community centre. It is also near offices at Technopark@ Chai Chee, schools like Opera Estate Primary School, ITE College Central (Bedok campus) and Ping Yi Secondary School, as well as eateries in the Siglap area. Heikal Shafrudin, a property agent at PropNex who is marketing two houses in the area, says Opera Estate is popular with locals who have big families.

Prominent developers share their views on where the property market is headed

Mon, 07 Jun 2010 05:56:34 -1330

Source : Business Times â 1 Jun 2010

To buy or not to buy?

PRIVATE residential prices in Singapore have been climbing since the second quarter of last year, prompting home seekers and investors who havenât gotten their feet wet to wonder: âShould I still buy now?â

Some of the most prominent developers in Singapore â who are also past winners of the Singapore Business Awards â shared their views on where the property market is headed with The Business Times in April (before the government announced its land sales programme for H2 2010).

Subsales become big money-spinners in 2010

Mon, 07 Jun 2010 03:40:44 -1330

Source: Business Times â 4 Jun 2010

A higher proportion of them are profitable and the gains have shot up, too

Subsales are becoming more and more profitable.

At the low point of the market in the first quarter of 2009, only 67.5 per cent of the subsales of private apartments and condos yielded a profit.

That proportion grew to 95.1 per cent in Q1 this year and 96.1 per cent in April, according to Savills Singaporeâs analysis of URA Realis caveats data.

Making a quick killing from subsales

Mon, 07 Jun 2010 03:39:47 -1330

Source: Business Times â 4 Jun 2010

Many had owned units for less than a year before they sold them for profit

Nearly a quarter of those who profitably disposed of a condo or private apartment in the subsale market in the first four months of this year had owned the unit for less than a year, according to an analysis by Savills Singapore.

Interlace: Capland CEO buys penthouse

Mon, 07 Jun 2010 03:33:47 -1330

Source: Business Times â 5 Jun 2010

Unit costs $3.74m; son and daughter-in-law buy apartment unit for $2.47m; review and approval by audit committee

CAPITALAND Group president and CEO Liew Mun Leong, and his son and daughter-in-law, have picked up two units at The Interlace at Depot Road/Alexandra Road for a total $6.2 million.

Mr Liew, who also sits on CapitaLandâs board, paid about $3.74 million for a 23rd storey penthouse, around $1,092 per square foot for the 3,423 sq ft unit.

His son Karl and daughter-in-law Heather Lim Mei Ern bought a 2,476 sq ft, four-bedroom unit on the 16th floor for around $2.47 million or $996 psf.

Singapore household net wealth

Wed, 19 May 2010 09:22:36 -1330

Saturday, October 03, 2009

Singapore household net wealth

The average Singapore household has a net worth of well over 800,000 Singapore dollars but less than 900,000 Singapore dollars (about $636,000).

Laugh if the amount seems absurdly low, for even people living in public housing drive Mercedes-Benzes in Singapore.

But it is based on the the latest data from the Singapore Department of Statistics.

SâPORE PROPERTY PRICES: HEREâS A KEY WORRY

Wed, 19 May 2010 08:52:28 -1330

Source : Straits Times - 13 May 2010

Sâpore property prices: Hereâs a key worry

We begin today a new feature, ASK: NUS ECONOMISTS. Write in to stask@sph.com.sg with whatever questions you might have on economics, international or domestic. Each week, one or two questions will be selected to be answered by a panel of National University of Singapore economists.

By Ivan Png

A condominium under construction on Minbu Road. There is concern that with real estate prices rebounding and new launches selling out, the Singapore property market could overheat again.

â¢With real estate prices rebounding and new launches selling out, is the Singapore property market overheating again?