More first-time homeowners turning to resale market
More first-time owners are turning to the resale market to meet their housing needs, said the Senior Minister of State for National Development Grace Fu. Replying to a question from MP for Sembawang GRC Lee Wee Kiak in Parliament on Monday, Ms Fu said that in the second quarter of this year, there were 1,470 … Read more
Madison Residences
Strategically located along Bukit Timah Road, Madison Residences is a short distance to Orchard Road and is near premier schools such as Singapore Chinese Girls’ School and Anglo- Chinese School (Barker Road). The 18-storey condominium development will comprise 56 exclusive units. It will have 48 units of 3- and 4-bedroom apartments, as well as six … Read more
Market turmoil, ghosts scare S’pore home buyers
Private home sales in Singapore slumped 81 per cent in August from a year ago, to the lowest level since March as a combination of global financial turmoil and a traditionally unlucky month spooked buyers. Sales of new residential projects, comprising both houses and apartments, fell to 320 units from 1,723 units sold in August … Read more
Sharp fall in home sales
Only 320 units sold, compared to 897 in July. SALES of new private homes took a big hit in August month as the period coincided with the Chinese Hungry Ghost month, which is considered inauspicious for making property purchases. Developers sold only 320 units last month, about a third of the 897 units they sold … Read more
Concourse Skyline records strong residential sales in Singapore
Over 60 apartments, or 70 per cent of first release, sold in a week -15 Sep 2008 Leading property investment and development company, Hong Fok Corporation, has received a strong response for their new Singapore residential development, the Concourse Skyline. Private previews held over the past week have sold more than 70 per cent of … Read more
CapitaLand JV awards US$442m contract
CapitaLand said on Monday its joint venture to build a mixed-use project with private firm Rock Productions has awarded a $633 million ($442 million) contract to unlisted Hexacon Construction. CapitaLand, Southeast Asia’s biggest developer by market value, said in a statement that it is investing $476.8 million in the Integrated Hub project, part of Singapore’s … Read more
Mandarin Gallery at Orchard Road undergoing S$200m makeover
The Mandarin Gallery at The Meritus Mandarin Hotel is getting a S$200 million makeover. The upscale shopping mall will not be ready for another year, but people passing by along Orchard Road can get a preview of the shops and frontage, thanks to a specially-designed 3D-effect hoarding. This is the first such hoarding in Singapore. … Read more
Sales of new private residential homes fall by 64% in August
Sales of new private residential homes slipped 64 per cent to 320 units in August, as compared to over 890 units sold in July. Market watchers say this is the weakest transaction volume since April 2008. At the peak of the property boom in August 2007, over 1,700 units of private homes were sold, and … Read more
China, Vietnam landbanks may hit developers
AMID the doom and gloom in the local property market, concerns are also beginning to mount about Singapore developers’ exposure to the China and Vietnam markets. Recent news out of China’s property market has been grim. Many Chinese developers are reportedly cutting selling prices as the sector feels the heat from previously-introduced government measures to … Read more
Short-term apartment leases a growing trend
More expats, medical tourists and even locals seek interim homes; estates with collective sales delayed cater to demand LIKE many property investors, Mr Jonathan Ho has a few apartments that he rents out for income. But instead of the usual practice of leasing them out for a year or two at a stretch, he offers … Read more
