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11 May 2018 – Real estate investment sales in Singapore is expected to grow 15 percent year-on-year to $46 billion in 2018, and climb a further 5.0 to 10 percent in 2019, according to a Colliers International report. In the first quarter of 2018, total property investment sales surged 89 percent to $11 billion from Q1 last year, driven mainly by the residential sector. Residential land sales, including several large collective sale transactions, accounted for about $9.15 billion or 83 percent of total investment sales in the quarter. This comes as developers continue to replenish their land banks. The five largest deals in Q1 were all residential collective sales led by Pacific Mansion which went for $980 million, Park West at $840.9 million, Pearlbank Apartments …

9 May 2018 – The 419-unit Elias Green condo in Pasir Ris is expected to be launched for collective sale by marketing agent PropNex Realty at a reserve price of $780 million, with over 80 percent of the homeowners likely to give their consent, reported the Business Times. In fact, 83 percent of the owners have already contributed to expenses necessary for the sale to proceed, such as the lawyer’s fee and property valuation, said its collective sale committee chairman Alan Loh, adding that they will start collecting signatures on Saturday (12 May). If it secures a buyer at a reserve price of $780 million, each unit owner could pocket between $1.7 million and close to $2 million. Built in 1994, the 99-year leasehold project …

2nd May 2018 Is the upcoming supply excessive and will it result in an overheating housing market? Up to 29 private residential projects could be launched between the second and fourth quarters of this year, supplying about 14,200 new units and raising concerns of an overheating housing market, according to a report from List Sotheby’s International Realty, Singapore. The report analysed recent en bloc sales and Government Land Sales (GLS) sites, based on the assumption of a period of nine to 12 months for projects to be built on GLS sites to obtain all planning approvals before launching, and a longer period of 15 to 18 months for collective sale sites. As such, the property consultancy identified 29 sites acquired by developers from mid-2016 to …

30 April 2018 – Non-landed home prices across Singapore grew by 4.4 percent compared to a marginal increase of 0.8 percent previously. Private home across Singapore rose by 3.9 percent quarter-on-quarter in Q1 2018, faster than the 0.8 percent increase in the preceding three-month period, according to an updated Property Price Index released by the Urban Redevelopment Authority (URA) on Friday (27 Apr). This not only represents three straight quarters of rising prices, said PropNex Realty, but it also marks the highest quarterly price increase since Q2 2010 when overall values grew 5.3 percent. Non-landed homes posted a higher price growth of 4.4 percent compared to a marginal increase of 0.8 percent previously, with all three regions recording sharper price gains. Similarly, prices of landed …

27 April 2018 The tender exercises for three residential sites closed on Wednesday (26 Apr) with relatively bullish bidding from developers, with the top bid for the Cuscaden Road site setting a new benchmark for a 99-year leasehold site. At nearly $410 million, the top bid of $2,377 psf per plot ratio (psf ppr) by Amberden, FEC Properties and Orchard Square “smashes all records for a residential government land sale, as well as earlier market expectations of $1,800 to $2,300 psf ppr”, said Tricia Song, Colliers International’s research head for Singapore. It also exceeded the previous GLS record of $1,733 psf ppr for Jiak Kim Street by 37 percent. With this land price, Song estimates a breakeven price of $3,100 psf and a selling price …

31 January 2018 – The latest Government Land Sales tender by the Urban Redevelopment Authority saw closing for three residential sites at Chong Kuo Road, Handy Road and West Coast Vale saw City Developments Limited (CDL) submitting the top bids for two sites. City Developments Limited bidded $212.2 million for the Handy Road plot and $472.4 million for the West Coast Vale site, which works out to a land rate of $1,722 psf ppr and $800 psf ppr, respectively. For the Chong Kuo Road plot, a consortium comprising Lian Soon Holdings Pte. Ltd. and OKP Land Pte Ltd submitted the top bid of $43.95 million. Notably, the Holland Road site attracted 10 bids, six for the West Coast Vale site and eight for the Chong …

26 January 2018 – Overall private home prices in Singapore rose by 0.8 percent in Q4 2017, marking its second straight quarter of increase versus the 0.7 percent growth in Q3 2017, according to the latest data released by the Urban Redevelopment Authority (URA) on Friday. According to Colliers International’s Research Head Tricia Song, the budding recovery reversed the weakness in the first half of last year. Consequently, prices of private residential properties edged up by 1.1 percent for the entirety of 2017 compared to a dip of 3.1 percent in the prior year. Excluding executive condominiums (ECs), home builders launched a total of 6,020 uncompleted private houses last year versus 7,877 units in 2016. Despite the lower launches, they sold 10,566 private dwellings compared …

As we foray into the second half of 2017, let us have a look back at what’s happened so far. In June 2017, developers sold a total of 820 new private residential homes. In the same month, the 26-unit Park 1 Suites in Geylang was the only new project launched. The best selling private residential project was The Santorini with over 75 units sold in the month of June 2017, at a median price of $1,026 psf. Following closely was Parc Riviera (55 units sold at a median price of $1,218 psf) and Commonwealth Towers (47 units at a median price of $1,899 psf). Overall, June 2017 reflected a 21.1% decline compared to May 2017. Despite that, the total number of private residential units sold …

Singaporean property developer GuocoLand has announced its intention to unveil its masterpiece project – Martin Modern. This is GuocoLand’s latest luxury residential condominium development in District 9 and it will sit at site on Martin Place, just adjacent to River Valley Close, within the residential neighbourhood of Robertson Quay. Martin Modern will feature over 450 units comprising two 30-storey towers with two- to four-bedroom units from 800 to 1,800 square-foot. “It is extremely rare to find a large lush site in prime District 9, within the posh Robertson Quay neighbourhood. This place gives us the opportunity to create our luxury resort-home concept, as seen in Goodwood Residence and Leedon Residence,” says Cheng Hsing Yao, GuocoLand Singapore’s Group Managing Director. According to GuocoLand, over 80% of …

New private residential homes saw a 82 percent surge as we concluded March 2017 and this is a four year high since the adjustment of the property cooling measures introduced back in 2009. To sum it all up, the private home sales saw 1,780 units sold in the month of March 2017, an 82 percent increase compared to February’s 979 and this is excluding the sales of executive condominiums. People in the property industry say that the latest figures released by the Urban Redevelopment Authority (URA) points to the gradual recovery in the private residential property segment and is a huge boost to the market sentiment. The overall strong sales figures in March concluded Q1 2017 sales of the private homes at 3,141 and this …