Property News

GCB prime plot at Sixth Avenue up for sale by Trustees

SINGAPORE (EDGEPROP) – A prime residential site, Good Class Bungalow (GCB), located at Sixth Avenue has just been put up for sale by Expression of Interest (“EOI”) by the trustees of the property. JLL has been appointed as their sole marketing agent. The EOI for No. 45 Sixth Avenue closes on Tuesday, 31 July 2018, at 2.30 p.m.The freehold bungalow at No. 45 Sixth Avenue has a land area of 1,167 sqm...

Freehold shophouses row at Sembawang Road up for collective sale

SINGAPORE (EDGEPROP) – Edmund Tie & Company (ET&Co) announced today that it has been appointed as the sole marketing agent for freehold shophouses row along Sembawang Road, which is being sold en bloc by tender. 100 per cent of the owners of the of freehold shophouses row has consented to the sale.The development was completed in the 1980s and comprises seven shophouses. The tender exercise for...

Best Maybank Home Loan guide and History of mortgage rates

SINGAPORE (EDGEPROP) – Where can you find the Best Maybank home loan? For people who prefer to pick a maybank mortgage, they will obviously want to know what is the best maybank home loan packages in the marketplace. Signing a home loan package is a big decision. It is no wonder every homeowner spends a lot of time doing research before deciding whether to take up a home loan package. After all, every...

Investment sales market extends robust performance by another quarter

SINGAPORE (EDGEPROP) – Dominated by the enbloc residential market, Singapore’s investment sales market extended its robust performance by another quarter. CBRE,  the largest commercial real estate services and investment firm in the world, said its preliminary investment volume for quarter 2 (Q2) of 2018 was S$10.308 billion, which is an increase of 11.4 per cent year-on-year (y-o-y0. This brings the...

Property price momentum remains buoyant suggest URA’s flash estimates

SINGAPORE (EDGEPROP) – The Urban Redevelopment Authority (URA) today released the flash estimate of the price index for private residential property for 2nd Quarter 2018 today which suggests that property price momentum here remains buoyant.Overall, the private residential property index increased 4.9 points from 144.1 points in 1st Quarter 2018 to 149.0 points in 2nd Quarter 2018. This represents an...

How much of your income should you spend on housing?

SINGAPORE (EDGEPROP) – With housing being one of the biggest expenditures many expect to invest in, it is crucial for both homeowners and tenants to determine how much of their income they should set aside for housing costs, such as mortgage payments or rent along with utilities, maintenance charges or homeowners insurance. But how does one ensure that the housing costs are affordable?Some measures of...

Upper East Coast Road freehold site to be acquired for $60 million

SINGAPORE (EDGEPROP) – Tee Land, a boutique developer, announced on 28 June that it had entered into an option-to-purchase agreement to acquire the freehold interest in a plot of land located at 338 to 364 Upper East Coast Road, Singapore with a land area of approximately 3,928.8 square metre. The purchase consideration for the land on which Teck Guan Ville condo now sits, is S$60,000,000 and...

Stirling Residences – a mega project in Queenstown up for preview today

SINGAPORE (EDGEPROP) – Stirling Residences, a mega project of Logan Property (Singapore) Company and Nanshan Group Singapore (joint-venture) at Queenstown, is today (30 June) opening its showflat for preview. The joint-venture’s win of the tender for the site in Queenstown set a record in May for exceeding the price quantum for Government Land Sales (GLS) programme.The joint-venture submitted the...

Singapore property market remains positive despite near-term weakness

[SINGAPORE (EDGEPROP) – The government on 27 June announced the second half 2018 Government Land Sales (2H18 GLS) Programme, which comprised six Confirmed List sites and nine Reserve List sites to yield more private residential units.The bank noted that the 2H18 GLS of 8,040 residential units, is flat half-on-half (h-o-h) – (-0.1% h-oh; -1% year-on-year) – with a view that there is a healthy supply...

Private residential units to increase substantially with new releases from GLS programme

SINGAPORE (EDGEPROP) – The Government yesterday (27 June) announced the second half 2018 (2H2018) Government Land Sales (GLS) Programme, which comprised six Confirmed List sites and nine Reserve List sites to yield more private residential units. "These sites can yield up to 8,040 private residential units, 124,200 sqm gross floor area (GFA) of commercial space and 930 hotel rooms."The six Confirmed List...

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