Kovan Residences preview sells 50
Average price is $870-900 psf; buyers mostly Singaporeans MORE than 50 units have been sold at Kovan Residences since a private preview party last Saturday. Poolside ambience: Kovan Residences will have 512 apartments in eight blocks, all 18 storeys high The average price at the 99-year leasehold condominium next to Kovan MRT Station is between … Read more
Homebuyers, get ready for more property launches
Developers will release projects to capitalise on recent healthy home sales A STRING of new private residential projects is hitting the market as developers move quickly to capitalise on encouraging recent home sales. In the Kovan area alone, two new projects – Kovan Residences and D’Pavilion – are holding previews this weekend. The 99-year leasehold … Read more
One transparent valuation for property market price, please
MS JANET Han, Secretariat, Singapore Institute of Surveyors & Valuers, defined very clearly what constitutes a property’s fair market value. Can Ms Han please explain why, when bankers in Singapore quote an independent valuation (based on a professional independent valuer’s opinion, presumably a member of the SISV) for a resale property for mortgage or re-mortgage … Read more
Coming up: First ‘zero energy’ building
INSTEAD of gobbling up electricity from Singapore’s power grid, one local building could soon be able to fend for itself. Planners unveiled yesterday details of renovations to a Braddell Road research institute that would make it the country’s first zero-energy building. Officials hope to cover the government-run BCA Academy with half a football field’s worth … Read more
LTA and URA explain why hotel had to go
WE THANK readers for sharing their views about the New 7th Storey Hotel. The Land Transport Authority carried out a comprehensive study and explored all options to construct the Downtown Line 1 (DTL1) and the new Bugis station. After exhausting all options, we concluded there was no alternative but to demolish the New 7th Storey … Read more
Six bids logged for green building project
But contractors sound caution with requests for longer warranty period SINGAPORE’S first zero energy building (ZEB) project has attracted six bids for the main tender and interviews with four ’serious’ bidders will start next week, the Building and Construction Authority (BCA) said yesterday. The tender to convert the BCA Academy into a net zero energy … Read more
Asia will avoid sharp slowdown, says ADB
EMERGING Asia looks set to avoid a sharp slowdown given strong economic growth in China, the head of the Asian Development Bank (ADB) said yesterday. Asia should also easily avoid a repeat of the financial crisis that rocked the region a decade ago, ADB president Haruhiko Kuroda told a press conference. That said, the region’s … Read more
Soaring rents pushing PRs to buy flats
They account for 20% of resale-flat purchases, say agents PERMANENT residents (PRs) are flocking to buy Housing Board resale flats as high rents start to make ownership a more attractive option. Sales to PRs have rocketed in the past two years, say property agents, and the keen army of buyers is helping to keep prices … Read more
Retail rents in Singapore stabilising
Positive consumer sentiment and the Great Singapore Sale have provided some support for the retail property market in Singapore, according to property consultants DTZ. It said given the general uncertain global outlook, tenants have resisted committing to higher rents, and this has kept the retail sector stable during the second quarter. Going forward, analysts said … Read more
