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Be wary of euphoria in property market, advises MAS chief

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Developers, banks and home buyers should be wary of the euphoria in the property market, warned Monetary Authority of Singapore managing director Ravi Menon yesterday. He told a briefing that developers should be cautious when making land bids, given the supply of homes coming onstream. "We're also telling individuals who purchase property to be careful.…

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St Thomas Lodge in District 9 up for sale at $40m

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St Thomas Lodge, a five-unit apartment at 32 St Thomas Walk in District 9, has been put up for sale with a guide price of $40 million, according to marketing agent Singapore Realtors Inc (SRI). Including the development charge for site intensification, the price works out to a land rate of $2,293 psf per plot…

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Hong Leong acquires Hillview Rise site for $460m

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A 153,881.94 sq ft private residential site in Hillview Rise that can yield about 535 homes was awarded by the Urban Redevelopment Authority (URA) on Tuesday (3 July) to Hong Leong Holdings for $460 million. The top bid translates to about $1,044.38 psf based on the 99-year leasehold plot’s gross floor area of approximately 430,879.33…

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Property investment sales volume up 11.4% in Q2

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Driven by en bloc residential transactions, Singapore’s investment sales market extended its robust performance in the second quarter of 2018, with preliminary investment volume up 11.4 percent year-on-year to $10.308 billion, according to a CBRE report. This brings the investment tally for the first half of 2018 to $20.318 billion, which corresponds to 57 percent…

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2 more residential sites up for collective sale

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Two plum residential sites have been launched for collective sale on Tuesday (July 3), which their marketing agent says are suitable for boutique developers and contractors. The owners of Jansen Mansion, a 12-unit development near Kovan MRT station, have all voted for the sale and are asking for $22 million. The 16,592.55 sq ft site has…

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Park Colonial condo in Bidadari to debut soon

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Park Colonial, a new condominium in the Bidadari enclave and next to Woodleigh MRT station, will hold its public preview from this weekend with sales to start on July 14. Jointly developed by CEL Development, Heeton Holdings and KSH Holdings, the estate on a land area of 19,547 sq m will comprise six towers with…

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