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…
SINGAPORE – With the spectre of a property bubble looming after demand for private housing spiked sharply in January this year – following sharp price increases in the second half of last year – the Government moved swiftly on Friday to cool the market. Although property observers were surprised by the timing of the two…
JANUARY saw 1,476 new private homes being sold in Singapore, much higher than the figures for December (481) and November (601). These figures, from the Urban Redevelopment Authority, signal that the private property market is off at a record-setting pace for the year. It is also the first time monthly sales figures have risen since…
(SINGAPORE) Among the top foreign buyers of private homes last year, Asians (excluding Indonesians) primarily bought units in the $500,000 to $1 million range, while most Western buyers (Australians, UK and US citizens) picked up homes mostly in the $1.5-5 million range. Indonesians were in the same category as the Western buyers, with the $1.5-5…
(SINGAPORE) A higher proportion of private home buyers turned to the resale market in Q4 2009 to pick up their dream homes instead of visiting a developer’s showflat. Fewer launches by developers in Q4 and the removal of the interest absorption scheme in September last year probably contributed to this shift. Jones Lang LaSalle (JLL)’s…
Fourth quarter’s rise brings increase for last year to 1.7%; mass market the star. PRIVATE home prices shot up 7.3 per cent in the final three months of last year, allowing 2009 to finish in positive territory after a horror start. Yesterday’s flash estimates indicated that prices overall increased by 1.7 per cent last year…
CHIP Eng Seng (CES) said its two joint-venture projects with a real estate equity fund managed by Lehman Brothers are unaffected by the collapse of the US investment bank. CityVista: The 70-unit project at Peck Hay Rd is already 54% sold at an average $2,550 psf, while The Parc Condo at West Coast Walk is…
ALL 659 units of The Parc Condominium in West Coast Walk have been snapped up in less than a fortnight since the start of the month. Prices for the freehold 24-storey condominium went as high as $1,040 per sq ft (psf) for several coveted high-floor units. Overall, the apartments were sold at $880 psf on…