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CapitaLand stops sales at 2 condo projects

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With the property market expected to improve further next year, CapitaLand has joined other developers that have stopped selling units in their projects. CapitaLand has halted sales for Sky Habitat and Marine Blue, which had 99 and 53 unsold units respectively as at 31 July. Property agents said the developer stopped sales at the 124-unit…

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Florence Regency looking for willing buyer for $629m

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JLL, the marketing agent of privatized HUDC estate Florence Regency, will continue to look for a buyer willing to purchase the Hougang estate for at least $629m – which is the property’s valuation. This comes after bidders in the public tender of the 336-unit development declined to raise their bids. Bids for Florence Regency had…

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Collective sale fever “sustainable”, says JP Morgan

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JP Morgan believes the collective sale frenzy in Singapore is “sustainable” as the number of unsold housing units in the pipeline, excluding executive condos, has dropped for 3 consecutive quarters to an all-time low of 10,303 units as at Q2 2017. JP Morgan analyst Brandon Lee noted that developers haven’t also replenished their land banks…

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Leonie Gardens makes first collective sale attempt

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At an extraordinary general meeting on Sept 30, a collective sale committee was formed for the 138-unit Leonie Gardens. The committee was empowered to appoint a solicitor and property consultant to represent owners in their maiden collective sale attempt. “This is the first time that the development will be put up for collective sale,” says Michael…

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