More people who took up new mortgages had multiple loans

March 7, 2011   24.4% of them obtained a second loan, 15.1% a third or more mortgage By EMILYN YAP (SINGAPORE) As many as 15.1 per cent of individuals who obtained a new property loan last year were already holding two or more outstanding property loans. While this proportion has remained relatively stable over the […]

Record price for Cluny Road GCB

Mar 9, 2011 – A Good Class Bungalow (GCB) at Cluny Road has fetched a record land price per unit of S$33 million (approximately S$2,038 psf) on a freehold land area of approximately 16,200 sq ft. This amount surpasses the previous record of S$1,899 psf on land area that Chew Hua Seng, Chairman and Founder of […]

Local websites cashing in on the red-hot real estate market

Online property portals on the rise Local websites cashing in on the red-hot real estate market   by Jo-Ann Huang Limin 05:55 AM Jan 03, 2011 SINGAPORE – The strong property market in Singapore has now moved beyond real estate and spread into virtual space. Rising demand for property has spawned several online property portals, […]

Strong sales at initial launch of d’Leedon condo

06 December 2010 ( SINGAPORE : CapitaLand and its partners have sold 82 per cent of the 250 units released for the initial launch of its d’Leedon development. The units sold include 52 apartments that were purchased by former Farrer Court owners whom had sold the development’s site en bloc in 2007. CapitaLand said the […]

33% of resale homes bought by foreigners

Tue, Mar 22, 2011 SINGAPORE – 33 per cent of all resale homes sold last year were sold to foreigners, according to a Straits Times report today. This is up from 18 per cent in 2004, the year permanent residents (PRs) were first allowed to buy executive condos (ECs). Of the 321 ECs sold to […]

China buyers home in on Singapore properties

Fri, Nov 26, 2010 SINGAPORE – Home hunters from China are becoming a force to be reckoned with in Singapore, and their presence could grow further as the authorities on the mainland and in Hong Kong clamp down on real estate speculation. Analysing the caveats lodged, property consultancy DTZ found that the Chinese accounted for […]

Singapore’s property market cooling measures

Over the last few days, many home buyers and sellers in Singapore moved to cancel their property deals or re-calculate their outlays for holding investment properties, after the government introduced another round of property cooling measures late last week. According to market observers, some developers have started to cut prices, and offer discounts on a […]

Plum sites, cooling measures draw top winning margins

Spread between top two bids exceeds $100m for two sites this year, up from one last year By KALPANA RASHIWALA (SINGAPORE) Plum sites with tenders that closed shortly after the introduction of property cooling measures have produced some of the biggest spreads between the top two bids since the start of last year. Market watchers […]

Developers may have to disclose prices before launch

Writing on the wall – early list of home prices Developers may have to disclose prices before launch By EMILYN YAP (SINGAPORE) Developers may soon have to disclose home prices at least two days before launching their projects, if new rules proposed by the Urban Redevelopment Authority (URA) pass.   The potential changes – which […]

Luxury home prices defy market lethargy

January 4, 2011 Luxury home prices defy market lethargy Overall price growth for private homes, HDB resale flats slowed in Q4 but high-end hit new high By UMA SHANKARI (SINGAPORE) A surge of interest in high-end and luxury homes pushed prices in the segment, which has underperformed the rest of the market over the last […]