Perspective

SINGAPORE (EDGEPROP) – Private home prices continued to rise in the second quarter of 2018. 1,724 private homes were sold in July 2018 said the data released by the Urban Redevelopment Authority (URA) on Wednesday. These figures are about 2.6 times more than the 654 units sold in June 2018 and up 55 per cent of the 1,112 units, they sold in July 2017. URA said its numbers were based on its survey of...

SINGAPORE (EDGEPROP) – Owners of freehold Windy Heights in the Kembangan area in their 2nd collective sale attempt, are seeking to reduce the reserve price by over $50 million in a bid to go for collective sale. This comes after its earlier bid in April 2018 which was unsuccessful.The reserve price in the previous attempt was $806.2 million, but now, with their 2nd collective sale attempt, the price may...

SINGAPORE (EDGEPROP) – Colliers International in releasing its latest quarterly investment sales report ‘Keeping Up The Momentum’ on August 13, said the real estate investment sales in Singapore is projected to reach $40 billion in 2018. The leading commercial real estate services company said commercial and industrial properties could pick up part of the slack in the second half of 2018 to keep the...

SINGAPORE (EDGEPROP) – Century 21 today announced the launch of collective sale by tender of Kingsley Mansion, a Balestier freehold site. The freehold site comes to the market with a reserve price of $45.5 million. The tender will launch on Tuesday (Aug 14) and close at 3 pm on Sept 13.The reserve price for the 18-unit, 14,350 square foot condominium translates to a land rate of $1,132 per sq ft per...

SINGAPORE (EDGEPROP) – Savills a leading real estate services company on August 8 forecasted that nearly 800,000 sq ft of Grade A CBD office space will hit the office sector in 2018. The supply in the office sector will come mainly from Frasers Tower at Cecil Street said the Research. The supply of Grade A office space this year is a drastic climbdown from the 2.25 million sq ft recorded for 2017....

Image Credits: Parc Esta, MCL LandSINGAPORE (EDGEPROP) – Parc Esta is an exciting new property launch by the award-winning developer, MCL Land. The condo development is located at the site of the former Eunosville HUDC Estate, just opposite the Eunos MRT Station. Based on its site plan and strategic location near Keylang town, Parc Esta is set to be one of the most coveted residential properties in...

 Image Credits: Mont Botanik Residence, Tuan Sing HoldingsSINGAPORE (EDGEPROP) – Mont Botanik Residence is a brand new freehold condo development by Tuan Sing Holdings located in 1 Jalan Remaja in Singapore’s District 13. The residential project is nestled in the prestigious Hillview residential enclave within the lush greenery of the Bukit Timah Nature Park and the Bukit Batok Nature Park, from which...

SINGAPORE (EDGEPROP) – Banking on a proposed legislative change which will exempt Singaporeans from a ban which will prohibit buyers from outside Oceania region from buying New Zealand homes, Knight Frank has entered into a strategic partnership with Bayleys Realty Group Limited to better access the New Zealand homes market.Knight Frank was established in London 123 years ago. Today, the firm is the...

SINGAPORE (EDGEPROP) – United Overseas Bank (UOB) on August 7 announced that it has brought together Singapore’s largest property ecosystem under one roof and has also launched a fully-digital solution for its UOB home loan. It said that its fully digitised solution for customers seeking UOB home loan would remodel the home buying experience by making home financing swifter and surer for customers. The...

SINGAPORE (EDGEPROP) – The Minister for National Development has justified the demolition of the Farrer Park area saying “the facilities in the area were less frequently used as competitive sports venues.” Responding to a parliamentary question on if Farrer Park Field and the adjoining facilities will be preserved “as the area has a rich sports heritage and memorable sports milestones instead of...