Olevia Cheong

SINGAPORE (Nikkei Markets) -- Prices of private homes in Singapore rose at the fastest pace in eight years in the first quarter, exceeding earlier estimates and reflecting growing confidence in the property market. The latest data from the Urban Redevelopment Authority also suggest the recovery may be broadening to other parts of the real-estate market, such as retail space, although the gains there were far more modest. In all, prices of private homes increased by 3.9% in the January-March period, above an earlier URA estimate of 3.1% and the 0.8% increase in the last quarter of 2017. Apartments, which make up the bulk of Singapore's housing, saw prices rise 4.4% from the previous quarter. Property prices started recovering in the second half of last year after a near four-year decline caused by a tepid economy and the government's cooling measures aimed at damping speculation. The growing demand for apartments has led to a scramble for land amongst developers, resulting

Property prices started recovering in the second half of last year after a near four-year decline caused by a tepid economy and the government's cooling measures aimed at damping speculation. The growing demand for apartments has led to a scramble for land amongst developers, resulting in ever-higher bids at government land auctions as well as at collective or "en-bloc" sales. Such sales take place when apartment owners jointly sell an existing residential building to a developer, getting a much higher price than if they had sold their units individually. The buyer subsequently redevelops the site, taking advantage of increased height limits and plot ratios to build more apartments. Collective sales help to boost demand for property because the sellers would have to find new homes soon after the deal is concluded, while the redeveloped complex will only hit the market three or four years later, after the project is complete. Just Thursday, a site at Cuscaden Road,

Seaside Residences D15 PHASE 2 NEW RELEASE 1-4 BR Serious Buyers please contact Olevia Cheong for viewing (65)81128393 *** CHEQUE SUBMISSION to be given by 30April 2018 Seaside Residences D15 @ Siglap Link PHASE 2 - New Release of units 1 BR.          506sqft fr $887k.     $1753 psf 1 + Study.  592sqft fr $1.218M  $2057psf 2 BR Viva. 678sqft fr $1.171M.   $1727psf 3 BR Viva. 1023sqft fr $1.892M $1850psf 3 BR + Study. 1087sqft fr $2.125M $1955psf 3 BR Prive 1206sqft fr $2.115M $1754psf Seaside Residences @Siglap Link 4 Blocks, 27 Storeys 841 Residential + 2 Commercial units 99 years leasehold Expected TOP : April 2021 Carpark Lots : 843 + 6 Developers: Frasers Centrepoint Singapore Sekisui House Keong Hong Holdings Ltd 150m away from Siglap MRT (completion 2023) There is no new condos around the area ever since 2001 and this is good news for those looking to upgrade to stay in a condominium. According to analysts, this plot of land is very rar