Posts

Prices of Private Homes Rose The Fastest in 8 years

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

Recovery in Singapore Home Prices Gains Momentum

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 New Launch (PHASE 2)

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

Singapore - To see increase in foreign investment

Singapore residential property market to see an increase in foreign investment this year A recovery in prices and a better leasing environment is expected to boost foreign investment in the Singapore residential property, according to Bank of Singapore (BOS). Singapore property prices have fallen for four years, before they finally began to rise recently. This has made Singapore relatively affordable compared to Hong Kong, for instance.  “The recent bullishness in the housing market has so far been largely driven by domestic buyers. Foreign buyers seeking relative value are expected to return and kick the upturn into higher gear, particularly in the prime residential segment,” said BOS' head of strategy Eli Lee.  Foreigners bought an average of 3,600 properties per annum when the Singapore residential real estate market was bullish between 2010 and 2013. Sales started to tumble when the government imposed restrictions on foreign buyers. Property transactions invo

Guide to One Road One Belt Initiative

Understanding the One Road One Belt (OBOR) Initiative by China According to Intel, there are an estimated 750 million PCs around the world powered by technology five years or older incapable of living up to today’s expectations—a BULLETIN sponsored by Intel World leaders gathered in Beijing over the past two days to hear China’s plan for global trade: the One Belt One Road initiative. Nearly 70 countries and international organizations have signed up for the mega infrastructure project,  said president Xi Jinping  at the close of the summit today (May 15), but others  still have no idea  what it is. The next gathering in Beijing is slated for 2019. During his  speech at the opening  of the “Belt and Road” forum, Xi pledged  at least $113 billion  in extra funding for the initiative, and urged countries across the globe to join hands with him in pursuit of globalization. “We have no intention to form a small group detrimental to stability,” Xi said. “What we hope to create is

Report: 70% of Office Space Taken up before LAUNCH of Marina1 & Duo

Report: 70 % of Office Space taken up before Marina1 and Duo official launch SINGAPORE: More than 70 per cent of the office space at Marina One and Duo had been taken up before its official launch on Monday (Jan 15). Both developments by M+S, which integrate commercial, retail and office space, were launched by Malaysia’s Prime Minister Najib Razak and Singapore’s Prime Minister Lee Hsien Loong on Monday evening. M+S Chairman Azman Yahya and M+S CEO Kemmy Tan told reporters in a media briefing held before the launch that among the 70 per cent already leased out in Marina One, some of the occupants are tech giant Facebook, ride-hailing company Grab and financial institutions like Bank Julius Baer, Prudential and Mitsubishi UFJ Financial Group (MUFG). Duo’s 570,000 sq ft of Grade-A office space has companies like Abbott Laboratories, Chevron and Mastercard as its tenants.  Ms Tan said there was a trend of tech companies and financial institutions expanding the off

New Apartments available for sale

Dear friends and contacts, I have put together a list of all the various projects (condominiums/ landed houses) marketed by my company - Orange Tee and Tie. Edmund Tie and Orange Tee announced the merger of the two companies on 28th October last year, and the new company name is Orange Tee & Tie with Orange Tee having more agents in their company. So, we are now able to offer many new projects (condominiums/landed houses), providing you all the relevant information you need pertaining to the following projects. D1 - Marina One Residences 21 Marina Way Commercial / Residential  Price: Fr $2.481Mil, $2,175psf D2 - Wallich Residence 3 Wallich Street Residential Highrise Price: Fr $2.039Mil, $2,901psf D3 - The Crest 101 Prince Wales Crescent Residential Highrise Price: Fr $1.803Mil, $1,738psf D4 - Seascape at Sentosa Cove 55 Cove Way Residential Highrise Price: Fr $6.596Mil, $2,726psf D4 - Reflections at Keppel Bay Keppel Bay View Priv