SINGAPORE (EDGEPROP) – The Urban Redevelopment Authority (URA) released today the real estate statistics for 2nd Quarter 2018. The real estate statistics showed that prices of private residential properties increased by 3.4% in 2nd Quarter 2018, compared with the 3.9% increase in the previous quarter.Prices of landed properties rose by 4.1% in 2nd Quarter 2018, compared with the 1.9% increase in the...

SINGAPORE (EDGEPROP) – The Urban Redevelopment Authority (URA) announced on July 24th that it will be rezoning some residential sites in the Tiong Bahru estate under the Master Plan, from ‘Residential’ to ‘Residential with Commercial at 1st storey’. This is to recognise existing businesses with approvals and specify where commercial uses are allowed in the estate while sustaining its residential...

SINGAPORE (EDGEPROP) – Knight Frank Singapore on Monday announced the launch of a new en bloc sales site at Farrer Road. The site, Sutton Place, is a freehold residential redevelopment site off Farrer Road. Knight Frank is also the sole marketing agent for the site, which has been put up for sale by tender.A five-storey development comprising 44 apartments, Sutton Place sits on a site area of 8,657.0 sqm...

Homeowners who have successfully sold their units en bloc may turn to HDB rentals while they wait for a permanent replacement flat. Once the en bloc sales deal is completed, owners can hand over the units with vacant possession for 100 per cent of the sales proceeds, or opt to stay on for another 6 months.But those that stay put will receive only 95 per cent of the proceeds from their successful en bloc...

SINGAPORE (EDGEPROP) – Pinetree Condominium an upmarket condominium in the Balmoral Park enclave has been launched for en bloc sale with a reserve price of $148 million. Each owner stands to receive between $2.57 million to $4.09 million if the en bloc sale is successfully concluded.SLP Scotia, the marketing agent for the en bloc sale of the upmarket condominium said that the site sits on 41,276 square...

SINGAPORE (EDGEPROP) – Kentish Green, a 122-unit condominium in District 8, has been launched for en bloc sale with a reserve price of $230 million announced its marketing agent ERA Realty. The owners of the property at Oxford Road off Rangoon Road have set a reserve price of $230 million for the 59,143 sq ft site. Based on the reserve price, the owners will get $1.736 million to $2.086 million...

SINGAPORE (EDGEPROP) – Savills Singapore announced on July 2nd of the launch for sale by tender of a mixed-use development. The launch of the collective sale of the mixed-use development, Sixth Avenue Centre, was posted just a few days before the Government announced the new property cooling measures. The tender for Sixth Avenue Centre will close at 3 pm on 25 July 2018.Image credit: Savills...

SINGAPORE (EDGEPROP) – Knight Frank Singapore on 16 July announced the re-launch of the sale of Summer Green, a freehold residential redevelopment site off Balestier Road. The site was unsuccessfully launched for collective sale first in January 2018 with a reserve price of $48.5 million.Image credit: Knight Frank SingaporeThe owners are now expecting offers of above $48 million for the freehold...

SINGAPORE (EDGEPROP) – The new property cooling measures will likely result in price cuts in average selling prices of new homes by developers. With high-end homes leading the price adjustments by developers, new home launches are expected to drop by up to 10 per cent.  The reduction in average selling prices has been factored in when property market analysts predicted the downgraded stock ratings for...

SINGAPORE (EDGEPROP) – A survey by the Urban Redevelopment Authority showed that 654 private homes were sold by developers in June. This is a drop of 41.7 per cent of the 1,122 units sold in May and also 20.2 per cent lower than in June last year.  More than half of the sales took place Outside Central Region.Sales and launch volumesThe tally for the first half of the year is estimated at 4,090 private...