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  • Cautious bidding for Mt Vernon site

    Cautious bidding for Mt Vernon site

    Straits Times: Wed, Jan 11 CAUTION is the watchword among developers, going by the lacklustre response to a residential site in Mount Vernon Road. The offers were short of market expectations and well under what a similar site pulled in last year, raising hopes among buyers that home prices will soon drop, following the property [...]
  • Singapore property prices and rent climb at slower pace

    Singapore property prices and rent climb at slower pace

    Demand for rents in suburban condominiums rose thanks to the growing number of foreigners with low housing allowances. Completions within the prime districts hit 3,330 in the primary three quarters of 2011 however declined in Q4 thanks to seasonal slowdown. Suburban condominium rents grew one.5 % quarter-on-quarter, while rents of prime and luxury condominiums dropped [...]
  • New stamp duty seen depressing bungalow sales

    New stamp duty seen depressing bungalow sales

    Business Times: Sat, Jan 07 THE 10 per cent additional buyer’s stamp duty on foreigners buying private homes in Singapore will lead to a fall in their bungalow purchases on Sentosa Cove in coming months. As a result, prices of Sentosa Cove bungalows will moderate, which, in turn, will cause prices of Good Class Bungalows [...]
  • Luxury home market faces oversupply

    Luxury home market faces oversupply

    Straits Times: Sat, Jan 07 THE upmarket segment of the housing market faces a tough 12 months as it battles a possible oversupply of new homes and the effects of the recent cooling measures.   Thousands of units already launched are still awaiting buyers while developers mi… THE upmarket segment of the housing market faces a [...]
  • KL, S’pore to expand links in Iskandar

    KL, S’pore to expand links in Iskandar

    Straits Times: Fri, Jan 06 PUTRAJAYA: Singapore and Malaysia are poised to broaden the scope of their cooperation in Iskandar Malaysia with Prime Minister Lee Hsien Loong’s proposal to explore industrial cooperation. Meeting here yesterday for a leaders’ retreat, PM Lee and Malaysia’s Prime Minister Najib Razak agreed that a new work group be set [...]
  • S’pore-M’sia land swop areas devt to begin next year

    S’pore-M’sia land swop areas devt to begin next year

    Business Times: Fri, Jan 06 WORK to develop two land parcels in Marina South and Ophir-Rochor – the outcome of the breakthrough land swop deal between Singapore and Malaysia in May 2010 – is due to start next year. And the $11 billion developments – comprising hotels, apartments, offices and shops on a total of [...]
  • Some return units to developers, fearing price dip

    Some return units to developers, fearing price dip

    Business Times: Fri, Jan 06 (SINGAPORE) Developers of major projects released in November and early December have seen some units being returned. Market watchers say this could be a knee-jerk reaction to the introduction of the additional buyer’s stamp duty. Those who do not exercise their option to buy forfeit a quarter of the 5 [...]
  • Watertown at Punggol

    Watertown at Punggol

    WATERTOWN at Punggol VIP Preview date 18Jan2012, Call Sandy Yuanda +6594790133 for info and Early Bird Discount Registration. Watertown at Punggol is the first luxurious waterfront in Singapore. It seamlessly integrates residential, shopping mall and the public transport network with MRT and Bus Interchange beside. Designed to suit different lifestyle, Watertown at punggol offers a range [...]
  • Jurong project: Lucrum to invest at least $200m

    Jurong project: Lucrum to invest at least $200m

    Straits Times: Thu, Jan 05 IT LOOKS like third time lucky for beleaguered firm TT International (TTI) after two previous bids to secure a partner for a key $295 million development in Jurong East fell through.   Private equity investment company Lucrum Capital has agreed to… IT LOOKS like third time lucky for beleaguered firm TT [...]
  • Home prices sputter, poised to fall this year

    Home prices sputter, poised to fall this year

    Business Times: Wed, Jan 04 (SINGAPORE) Prices of both private homes as well as HDB resale flats are poised to fall this year. This was foreshadowed in the official flash estimates for the fourth quarter of last year which showed a slowdown in growth for both segments. Urban … (SINGAPORE) Prices of both private homes [...]
  • Q4 investment sales up 42% so far

    Q4 investment sales up 42% so far

    Business Times: Tue, Dec 13 (SINGAPORE) Investment sales of property have hit about $6.8 billion so far this quarter, up 42 per cent over the Q3 figure of $4.8 billion. The latest figures from Savills Singapore also show that since the start of 2011, $28.5 billion of such deals have been sealed, and the property [...]
  • More switching to commercial property: banks

    More switching to commercial property: banks

    Business Times: Wed, Dec 14 SOME banks which have been seeing more investors switch to commercial properties say that they expect the pace to pick up following the latest cooling measures in the residential property market. Bankers say that the interest in commercial real estate has been growing for several months fuelled by low interest [...]
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