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…
It’s now harder to rent an apartment for less than HK$10,000 (S$1,742) per month in Hong Kong’s 2 urban areas as such flats are nearly no longer available there. The city areas refer to Kowloon and Hong Kong Island, but subdivided flats were excluded in the research. Centaline also revealed that the supply of small…
Former HUDC estate Ivory Heights may soon join the en bloc sale bandwagon after over 8 in 10 owners voted to sell the development. The owners are seeking a $1.34b reserve price for the 825,502 sqft site. Owners of Braddell View are reportedly eyeing a collective sale price of more than $2 billion. Collective sale…
Resale prices of non-landed private homes inched up 0.1% in September compared with August. There were also fewer resale transactions in September, when the property market might have felt the Hungry Ghost effect. SRX Property also revised up its resale price increase for August to 0.9 per cent from its initial estimate of 0.7 per…
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…
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…
The public tender for the mixed-use development Jalan Besar Plaza will be launched on Tuesday (Oct 10) and closes at 3:30pm on Nov 10. The guide price for the freehold commercial and residential complex near Jalan Besar and Kitchener Road is $390m, or $2,170 psf ppr. This is higher than the S$380 million reserve price…
Tai Wah Building on Killiney Road is up for collective sale, unit owners have unanimously decided. They are asking for $81m for the freehold 13,148 sqft site, which is zoned for residential use with commercial use on the first floor, marketing agent Edmund Tie & Company said on Monday (Oct 9). The price works out to…
A 4-bedroom unit at Beverly Hill in prime District 10 was sold for a $3.92m profit on Sept 20. The 3,778 sqft unit on the 15th floor was bought in May 2003 at $2.7m ($709 psf) and sold for $6.6m ($1,747 psf) after a holding period of 14 years. The owner made a 146% profit,…
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…