Property News

Seller of Regency Suites unit makes $1.62 mil profit

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,...

Asia better positioned to lead post-Covid-19 recovery: Knight Frank

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...

Four-bedroom unit at The Coast at Sentosa Cove for sale at $4.45 mil

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...

Portfolio of assorted freehold properties for sale at $51 mil

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...

Private property price index down 1.2% in 1Q2020

By Valerie Kor / EdgeProp Singapore | April 2, 2020 5:11 PM SGT  URA flash estimate for 1Q2020 showed a decline of 1.2% (Photo: Samuel Isaac Chua/EdgeProp Singapore) SINGAPORE (EDGEPROP) - The flash estimate for 1Q2020 released by the URA showed a decline in the overall private residential property price index: a decrease of 1.2% compared to an increase of 0.5% in the previous quarter. This is the...

Rents for expats in central Singapore rise 1.4% from 2019

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...

HDB resale price index remains unchanged for 1Q2020

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...

Freehold bungalow on Tamarind Road for sale at $8.8 mil

By Timothy Tay/ EdgeProp Singapore|March 27, 2020 8:30 AM SGT SINGAPORE (EDGEPROP) - A freehold bungalow on Tamarind Road, just off Yio Chu Kang Road in District 28, is on the market for $8.8 million. The house sits on a 9,599 sq ft plot and the guide price translates to $916 psf on the land area. The property is being sold in a mortgagee sale and will be made available through private treaty. The...

Chip Eng Seng tests Kopar at prices from $2,100 psf

By Cecilia Chow/ EdgeProp Singapore|March 27, 2020 9:30 AM SGT Original Article: https://www.edgeprop.sg/property-news/chip-eng-seng-tests-kopar-prices-2100-psf SINGAPORE (EDGEPROP) - To contain the spread of Covid-19, Singapore is prohibiting gatherings of more than 10 persons and maintaining a physical distance of at least 1m with effect from March 27. In line with the restrictions by the Ministry...

Global Dragon launches ‘Spring Promotion’, offering selected units at $1,800 psf for Infini at East Coast

By Valerie Kor / EdgeProp Singapore | March 27, 2020 10:15 AM SGT Infini at East Coast is Global Dragon’s first residential apartment development and comprises 36 units (Photo: Albert Chua/The Edge Singapore) SINGAPORE (EDGEPROP) - Having rolled out its maiden residential apartment project, Infini at East Coast, last September, Singapore-listed property developer Global Dragon has decided to offer...

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