The Riverside Piazza has an existing balance land tenure of about 72 years. Each owner could stand to receive between $2.23million and S$9.47million, depending on the size of their unit.
Developers Capitaland and City Developments have sold about 77%. of the 280 apartments launched for sale at the 680 unit Sengkang Grand Residences over the weekend.
With the Ophir-Rochor corridor project in the midst of taking off, there are still opportunities to ride on the wave of its transformation into a full-fledged commercial and lifestyle hub.
The redeveloped islands will feature five districts zones, with each zone delivering its own experience, such as nature and heritage trails, adventure attractions, eco-resorts, water shows and beach events.
Condominiums in the Tanjong Rhu area in Singapore in the first 8 months of this year. 68 condo units in SG were sold for $10million and more each, the highest tally since the corresponding period of 2008.
Over 1000 units sold as changing buyer demographics over the years may be blunting the impact of inauspicious month, While market activity tends to slow during the Hungry Ghost Month.
Sales boosted by new launch Parc clematis, earlier-launched projects, low interest rates. Developers moved 1122 new private homes in the traditionally quiet month of August.
Developers sold an encouraging 1122 private homes excluding EC units in Aug, an 82% jump from a year ago. But aug last year had a low base, coming as it did after significant cooling measures were rolled out a month earlier.
Guocoland’s mixed use development Guoco Tower in Tanjong Pagar is the only Singapore winner among 11 projects recognised at the 2019 Urban Land Institute Global Awards for Excellence.
Singapores solid economy and stable political climate make it one of the choice locations for potential investors, especially foreign ultra high net worth individuals seeking luxury residences.
Despite the slew of property measures introduced in recent years, prices of non-landed private homes have continued to rise across the board. Attractive Capital Appreciation. Record smashing prices.
Developers sold 1178 private homes in July, up 43.5% from the 821 units they moved in June, but 31.7% lower than the bumper crop of 1724 units they sold in July last year during the last minute rush to beat property cooling measures.
The central area stands as Singapore’s dynamic city centre-home to a global business and financial hub, and a vibrant 24/7 lifestyle destination. The area will continue to grow and become even more vibrant, by accomodating a wider diversity of uses.
One scheme encourages mixed use projects in CBD; the other promotes joint redevelopment to transform precincts in strategic areas. Bonus plot ratio scheme to go. CBD incentive scheme; Transforming parts of the CBD into mixed-use areas.
The strategic development incentive scheme will also allow building owners and developers islandwise to request deviations from existing planning parameters, should they have plans to transform their precincts with innovative ideas.
National development minister Lawrence Wong says Draft Master Plan 2019 will help in the long-term rejuvenation of the city centre. Development will begin in 5 to 10 years with certain precincts, kicking off with Pasir Panjang power district and the site of the existing Keppel club.
More luxury condos to cross S$4,000psf mark by Lynette Khoo and Yunita Ong. Hong Kong listed Shun Tak Holdings said on wednesday that it has purchased 2 freehold redevelopment sites for a total of S$593.5mil in Orchard Boulevard and Nasim road.
The effect of cooling measures by Morgan Stanley. In reaction to the first set of cooling measures introduced this housing upcycle, we see near-term pressure on the pace of home price appreciation and developer share prices.
Expected new peak in private home prices by year end. We entered new cycle of property. Not too late. Still there are undervalued properties private home prices are rapidly regaining the ground they lost since values started slipping 5 years ago.
Singapore’s traditional prime districts 9,10,11 are being challenged in their position as the upper echelones of the private housing market not only by new prime areas such as Marina Bay but also by what List Sotheby’s international realty terms “emerging prime areas”
The steady rental income generated by the emerging prime areas will also be attractive for investors who are looking at yield play. More choices for prime residential investment to suit different lifestyles.
New Futura at an average selling price of $3200 psf on the first day of launch last thursday.18. Analysts highlighted that the number of luxury apartments bought by foreigners and permanent residents in Singapore’s CCR in 2017 more than doubled to 202units
Relative affordability and possibility of recovery in the rental market back this expectation:BOS; Foreign demand is expected to return to the Singapore residential property market this year, Bank Of Singapore believes.