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Private home prices rise for 2 straight quarters

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Overall private home prices in Singapore rose by 0.8 percent in Q4 2017, marking its second straight quarter of increase versus the 0.7 percent growth in Q3 2017, according to the latest data released by the Urban Redevelopment Authority (URA) on Friday (26 January). According to Colliers International’s Research Head Tricia Song, the budding recovery…

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Makeway View joins collective sale rush

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The Makeway View estate in Newton has been launched for collective sale with an asking price of $168m. The 10-storey development was built in the late 1980s and comprises 28 apartments and 4 penthouses. Its asking price plus about $17 million in development charges represent a land rate of $1,589 per sq ft per plot…

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Kismis View sold en bloc for $102.75m

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Kismis View, a 99-year leasehold condominium built in 1984 and sited on a 90,863 sqft land parcel in Upper Bukit Timah, has been purchased via collective sale for $102.75m. After adding the estimated costs involved, future average psf launch price would be about $1,600 - $1,717 psf. “The sale price reflects a land rate of…

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18 New Futura units sold at $3,200 psf at launch

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City Developments (CDL) moved 18 units of its high-end condominium project New Futura at an average selling price of $3,200 psf on the first day of its launch last Thursday. Market watchers deemed this a decent showing, given that most of the units sold were the four-bedroom and three-bedroom units. The project has an army…

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Hollandia up for collective sale

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The 48-unit Hollandia residential development located at the junction of Holland Road and Queensway in District 10 has been launched for collective sale. The owners are expecting offers in the range of $163.15m, which translates to a land rate of $1,515 psf ppr. Built in the mid-1980s, the freehold property sits on a 53,505 sq…

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