April 2020

By Timothy Tay/ EdgeProp Singapore|April 9, 2020 6:00 AM SGT SINGAPORE (EDGEPROP) - The most profitable transaction during the week of March 24 to 31 was the sale of a 2,174 sq ft unit at Avon Park, a freehold development on Youngberg Terrace. The unit changed hands for $3 million ($1,380 psf) on March 27. It fetched $1.26 million ($579 psf) in September 1995. This means the seller earned a $1.74...

SINGAPORE (EDGEPROP) – Despite strict movement controls as part of the ‘circuit breaker’ measures from April 7, developers managed to sell 277 new private homes (excluding Executive Condominiums) during the month of April, based on the latest statistics from URA.“Buyers and Investors were fortunate to have access to show flats in the first seven days of April. Thereafter, all show flats in...

 By Valerie Kor / EdgeProp Singapore | April 9, 2020 8:00 AM SGTOriginal Article: https://www.edgeprop.sg/property-news/guide-price-205-mil-two-bedroom-unit-marina-bay-residencesSINGAPORE (EDGEPROP) – At Marina Bay Residences — the 55-storey, 428-unit luxury condo at Marina Bay waterfront — a two-bedroom apartment with unblocked sea views towards Marina South is being sold as a bank sale.Edmund Tie,...

By Cecilia Chow/ EdgeProp Singapore|April 5, 2020 1:40 AM SGT SINGAPORE (EDGEPROP) - Chip Eng Seng’s property arm CEL Development sold a total of 77 units at Kopar at Newton on the first day of sales on April 4. The units sold achieved an average price of $2,350 psf. Despite tighter safe distancing measures, Kopar at Newton saw 77 units sold on first day of its sales launch (Photo: CEL...

By Charlene Chin/ EdgeProp Singapore|April 3, 2020 8:06 AM SGT SINGAPORE (EDGEPROP) - As the Covid-19 outbreak has weakened market sentiments and thrown global economies into turmoil, Neil Brookes, Knight Frank’s head of capital markets in Asia Pacific, believes that Asia is better positioned to lead the post-pandemic recovery than the US or Europe.The numbers in the region currently point to pent-up...

By Timothy Tay/ EdgeProp Singapore|April 3, 2020 10:00 AM SGT SINGAPORE (EDGEPROP) - A three-bedroom unit at Regency Suites on Kim Tian Road topped the list of most profitable deals for the week of March 17 to 24. The 1,421 sq ft unit changed hands for $2.7 million ($1,900 psf) when it was sold on March 23. The owner had bought it for $1.08 million ($760 psf) in December 2005. As a result of the sale,...

By Valerie Kor / EdgeProp Singapore | April 3, 2020 11:00 AM SGT The Coast comprises 249 units, ranging from three- to four-bedroom apartments as well as luxury penthouses (Photo: Samuel Isaac Chua/The Edge Singapore) SINGAPORE (EDGEPROP) - A four-bedroom apartment at The Coast at Sentosa Cove, is on the market with a guide price of $4.45 million ($1,695 psf). It is a mortgagee sale. It was scheduled...

By Charlene Chin/ EdgeProp Singapore|April 2, 2020 3:48 PM SGT 104 and 106 Jalan Jurong Kechil (Credit: CBRE) 104 and 106 Jalan Jurong Kechil is a four-storey development with two F&B shops on the ground floor, two commercial schools on the second floor and 16 residential units on the third and fourth floors. It sits on 3,623 sq ft of land, and is zoned under “residential with commercial at the...

By Valerie Kor / EdgeProp Singapore | April 2, 2020 5:05 PM SGT HDB estates in Jurong East (Photo: Samuel Isaac Chua/EdgeProp Singapore)  SINGAPORE (EDGEPROP) - Although HDB resale prices tracked two consecutive quarterly rises previously, it held steady at 0% in 1Q2020. This goes to show that Covid-19 may be reversing the upward trend caused by policy changes implemented in 2019, such as the...

By Charlene Chin/ EdgeProp Singapore|April 2, 2020 5:11 PM SGT The rise in rents is attributed to an increase in overseas relocation to Singapore over the past 12 months, particularly in the fintech and pharmaceutical sectors SINGAPORE (EDGEPROP) - Rents in Singapore’s central areas have risen for the first time in five years, according to research by ECA International. The average monthly rental...