Stirling Residences – a mega project in Queenstown up for preview today
Stirling Residences, a mega project of Logan Property (Singapore) Company and Nanshan Group Singapore (joint-venture) at Queenstown, is today (30 June) opening its showflat for preview. The joint-venture’s win of the tender for the site in Queenstown set a record in May for exceeding the price quantum for Government Land Sales (GLS) programme. The joint-venture [...]
Property auction market down led by lack of big-ticket items for sale
A report released by Edmund Tie & Co on 28 June said that there were more owners’ listings placed in the property auction market for Quarter 2 (Q2) but that there was a dip in mortgagee sales this quarter. Q2 2018 has seen a total sales value of $19.64m in the property auction market. While [...]
Singapore property market remains positive despite near-term weakness
The government on 27 June announced the second half 2018 Government Land Sales (2H18 GLS) Programme, which comprised six Confirmed List sites and nine Reserve List sites to yield more private residential units. The bank noted that the 2H18 GLS of 8,040 residential units, is flat half-on-half (h-o-h) – (-0.1% h-oh; -1% year-on-year) – with [...]
Private residential units to increase substantially with new releases from GLS programme
The Government yesterday (27 June) announced the second half 2018 (2H2018) Government Land Sales (GLS) Programme, which comprised six Confirmed List sites and nine Reserve List sites to yield more private residential units. These sites can yield up to 8,040 private residential units, 124,200 sqm gross floor area (GFA) of commercial space and 930 hotel [...]
Strata Titles Board blocks en bloc sale of Goodluck Garden with a stop order
Strata Titles Board today blocked the collective sale of Goodluck Garden with a stop order after seven minority owners objected to the sale on the grounds of lack of good faith. Two rounds of mediation efforts were made before the stop order was issued. The Strata Titles Board will not approve an en bloc sale application [...]
Demand for industrial sites has been satisfied suggests IGLS programme
The uplift in economic and manufacturing sector performances and signs of an imminent bottoming of the industrial property market have not prompted the Government to up the IGLS industrial sites supply for the second half of 2018, said JLL. It noted that the IGLS supply for second half of 2018 has been kept relatively similar to [...]
District 10 property goes en bloc with $160 million reserve price
Dalvey Court at 28 Dalvey Estate, a highly coveted and exclusive residential enclave in District 10 has been put up for collective sale. Completed in 1976, Dalvey Court is a nine-storey residential block comprising 32 apartment units of similar size. Cushman & Wakefield, the appointed marketing agent for the property has garnered the requisite 80 [...]
Commercial freehold sites in Jalan Besar change hands for $13.8 million
Prime city-fringe commercial freehold sites in Jalan Besar changed hands from City Developments Limited (CDL) to Hwa Hong Corporation for $13.8 million. Hwa Hong used its indirectly wholly owned subsidiary Global Trade Investment Management Pte Ltd to exercise the option to purchase today. The commercial freehold sites at the entrance to the former New World [...] Research: One in four first time home owners refused a mortgage
A British research suggests that first time home owners still find it very difficult to secure home loans. 89 per cent of first time home buyers find it difficult to get a mortgage loan said the study from Aldermore. The study which sampled British home buyers noted that raising a deposit is still the number [...]
Fewer homes sold by property developers in first five months of 2018 compared to last year
According to a recent report by Maybank Kim Eng, fewer homes were sold by property developers here in the first five months of 2018 compared to last year. The report further said that developer stocks in Singapore fell 4 per cent even as home prices rose by 7 per cent year-to-date. The banks report reference [...]