Monday, April 25, 2011
Private home prices rose 2.2% in Q1
Private home prices rose 2.2% in Q1
By Travis Teo | Posted: 25 April 2011 1342 hrs
SINGAPORE: Singapore's private home prices moderated again in the first quarter of this year, growing 2.2 per cent compared with 2.7 per cent in the previous quarter.
This is the sixth straight quarter in which growth in private home prices has slowed down.
Final data released on Monday by the Urban Redevelopment Authority (URA) also showed that prices of non-landed residential properties rose 1.7 per cent in the first quarter.
This was slightly lower when compared with the 1.8 per cent increase in the previous quarter.
As for landed homes, URA said prices increased by 3.9 per cent, down from 5.5 per cent in the previous quarter.
Meanwhile, rentals of private residential properties in the first quarter has increased by 1.2 per cent.
Rentals for industrial properties rose 6.3 per cent, followed by office space rentals up by 5.4 per cent and shop rentals which edged up 0.8 per cent.
- CNA/fa
- wong chee tat :)
By Travis Teo | Posted: 25 April 2011 1342 hrs
SINGAPORE: Singapore's private home prices moderated again in the first quarter of this year, growing 2.2 per cent compared with 2.7 per cent in the previous quarter.
This is the sixth straight quarter in which growth in private home prices has slowed down.
Final data released on Monday by the Urban Redevelopment Authority (URA) also showed that prices of non-landed residential properties rose 1.7 per cent in the first quarter.
This was slightly lower when compared with the 1.8 per cent increase in the previous quarter.
As for landed homes, URA said prices increased by 3.9 per cent, down from 5.5 per cent in the previous quarter.
Meanwhile, rentals of private residential properties in the first quarter has increased by 1.2 per cent.
Rentals for industrial properties rose 6.3 per cent, followed by office space rentals up by 5.4 per cent and shop rentals which edged up 0.8 per cent.
- CNA/fa
- wong chee tat :)
HDB resale prices increased 1.6% in Q1
HDB resale prices increased 1.6% in Q1
By Linette Lim | Posted: 25 April 2011 1549 hrs
SINGAPORE: HDB resale prices increased in the first quarter of this year, albeit at a slower rate, as property cooling measures kicked in.
The Resale Price Index increased 1.6 per cent in Q1, compared with 2.5 per cent in the previous quarter.
Cash-Over-Valuation premiums dropped nine per cent or S$2,000 to S$21,000 from the previous quarter, with the proportion of resale cases transacting above valuation remaining at 96 per cent.
Data released from HDB also showed that the number of resale transactions fell by about four per cent to 6,228 cases in first quarter of 2011.
Median sublet rents in Q1 remained relatively stable with increases from one-room and five-room flats and decreases from two-room flats.
Subletting transactions rose by eight per cent to 6,365 cases.
The total number of HDB flats approved for subletting rose to about 36,400 units in Q1, compared to about 35,000 units in the previous quarter.
HDB also announced that it will launch another 3,185 flats located in Hougang, Sembawang, Sengkang and Punggol for sale under the April 2011 Build-to-Order (BTO) exercise.
In total, HDB said it will offer 22,000 new BTO flats in 2011 if demand is sustained.
Last year, a total of 16,000 BTO flats were offered.
In addition to the BTO flats, units under the Design, Build & Sell Scheme (DBSS) and the Executive Condominium (EC) Housing Scheme will be offered as well.
An EC site at Punggol with an estimated yield of 700 units, and two DBSS sites at Sengkang and Bendemeer Road with a potential yield of about 1,500 units, will be released for tender in May and June 2011 respectively.
- CNA/fa
- wong chee tat :)
By Linette Lim | Posted: 25 April 2011 1549 hrs
SINGAPORE: HDB resale prices increased in the first quarter of this year, albeit at a slower rate, as property cooling measures kicked in.
The Resale Price Index increased 1.6 per cent in Q1, compared with 2.5 per cent in the previous quarter.
Cash-Over-Valuation premiums dropped nine per cent or S$2,000 to S$21,000 from the previous quarter, with the proportion of resale cases transacting above valuation remaining at 96 per cent.
Data released from HDB also showed that the number of resale transactions fell by about four per cent to 6,228 cases in first quarter of 2011.
Median sublet rents in Q1 remained relatively stable with increases from one-room and five-room flats and decreases from two-room flats.
Subletting transactions rose by eight per cent to 6,365 cases.
The total number of HDB flats approved for subletting rose to about 36,400 units in Q1, compared to about 35,000 units in the previous quarter.
HDB also announced that it will launch another 3,185 flats located in Hougang, Sembawang, Sengkang and Punggol for sale under the April 2011 Build-to-Order (BTO) exercise.
In total, HDB said it will offer 22,000 new BTO flats in 2011 if demand is sustained.
Last year, a total of 16,000 BTO flats were offered.
In addition to the BTO flats, units under the Design, Build & Sell Scheme (DBSS) and the Executive Condominium (EC) Housing Scheme will be offered as well.
An EC site at Punggol with an estimated yield of 700 units, and two DBSS sites at Sengkang and Bendemeer Road with a potential yield of about 1,500 units, will be released for tender in May and June 2011 respectively.
- CNA/fa
- wong chee tat :)
Three residential en bloc sites up for sale
Three residential en bloc sites up for sale
By Jo-ann Huang | Posted: 25 April 2011 1611 hrs
SINGAPORE: Three residential en bloc sites in prime locations have been put up for sale by their sole marketing agent Knight Frank.
The first site is the freehold Dynasty Garden, located on Sixth Avenue in District 10. It has a land area of about 73,300 square feet. Under the 2008 Master Plan, the site is a "three-storey mixed landed". There are currently 33 walk-up apartments with unit sizes ranging from 1,044.1 square feet to 2,604.8 square feet.
The guide price for Dynasty Garden is S$114.8 million or S$1,566 per square foot. Owners will receive about S$2.8 million to S$5.4 million from sale proceeds.
Adjoining Dynasty Garden is 21 Lim Tai See Walk, the second site put up for sale by Knight Frank.
There is a two-storey detached house on the site, which has a land area of 12,691 square feet. The site is designated as a "three-storey mixed landed" under the 2008 Master Plan.
The guide price for 21 Lim Tai See Walk is S$17.5 million or S$1,379 per square foot.
With the combined land area of Dynasty Garden and 21 Lim Tai See Walk amounting to 85,991 square feet, Knight Frank said both sites offer developers an opportunity to build luxurious cluster homes in quiet but convenient locations.
Both sites are situated near dining and shopping amenities in Holland Village, as well as reputable schools such as Raffles Girls' Primary, Nanyang Girls' High School and National Junior College.
Associate director of investment at Knight Frank Ian Loh expects the sites to receive strong interest from developers, due to the limited supply of landed homes and rare large redevelopment sites.
"The freehold sites could house up to 52 strata terrace houses or around 39 strata semi-detached houses," added Mr Loh.
Buyers can opt to tender for either site or both sites.
Tenders for Dynasty Garden and 21 Lim Tai See Walk will close on May 27 at 4pm.
The third site up for sale is Riviera Point - a freehold site sized at 14,580 square feet located on River Valley Road.
The site is a short walk from Somerset MRT Station and some minutes' drive to the central business district, said Knight Frank. It can be redeveloped into a new project with a gross floor area of 49,303 square feet and a gross plot ratio of 3.38. This exceeds the permissible plot ratio of 2.8 under the Master Plan 2008.
Riviera Point can be redeveloped into a boutique apartment complex with 70 units averaging 700 square feet each.
The guide price for the site is S$73.5 million or S$1,491 per square foot per plot ratio. No development charge is payable with a gross floor area of 49,303 square feet for the new project.
With an additional 10 per cent balcony area, the land price could be powered to S$1,417 per square foot per plot ratio, based on a potential gross floor area of about 54,233 square feet.
Knight Frank also expects strong developer interest in Riviera Point, given its prime location and its popularity among foreign buyers.
The tender for Riviera Point closes on May 26 at 3pm.
-CNA/ac
- wong chee tat :)
By Jo-ann Huang | Posted: 25 April 2011 1611 hrs
SINGAPORE: Three residential en bloc sites in prime locations have been put up for sale by their sole marketing agent Knight Frank.
The first site is the freehold Dynasty Garden, located on Sixth Avenue in District 10. It has a land area of about 73,300 square feet. Under the 2008 Master Plan, the site is a "three-storey mixed landed". There are currently 33 walk-up apartments with unit sizes ranging from 1,044.1 square feet to 2,604.8 square feet.
The guide price for Dynasty Garden is S$114.8 million or S$1,566 per square foot. Owners will receive about S$2.8 million to S$5.4 million from sale proceeds.
Adjoining Dynasty Garden is 21 Lim Tai See Walk, the second site put up for sale by Knight Frank.
There is a two-storey detached house on the site, which has a land area of 12,691 square feet. The site is designated as a "three-storey mixed landed" under the 2008 Master Plan.
The guide price for 21 Lim Tai See Walk is S$17.5 million or S$1,379 per square foot.
With the combined land area of Dynasty Garden and 21 Lim Tai See Walk amounting to 85,991 square feet, Knight Frank said both sites offer developers an opportunity to build luxurious cluster homes in quiet but convenient locations.
Both sites are situated near dining and shopping amenities in Holland Village, as well as reputable schools such as Raffles Girls' Primary, Nanyang Girls' High School and National Junior College.
Associate director of investment at Knight Frank Ian Loh expects the sites to receive strong interest from developers, due to the limited supply of landed homes and rare large redevelopment sites.
"The freehold sites could house up to 52 strata terrace houses or around 39 strata semi-detached houses," added Mr Loh.
Buyers can opt to tender for either site or both sites.
Tenders for Dynasty Garden and 21 Lim Tai See Walk will close on May 27 at 4pm.
The third site up for sale is Riviera Point - a freehold site sized at 14,580 square feet located on River Valley Road.
The site is a short walk from Somerset MRT Station and some minutes' drive to the central business district, said Knight Frank. It can be redeveloped into a new project with a gross floor area of 49,303 square feet and a gross plot ratio of 3.38. This exceeds the permissible plot ratio of 2.8 under the Master Plan 2008.
Riviera Point can be redeveloped into a boutique apartment complex with 70 units averaging 700 square feet each.
The guide price for the site is S$73.5 million or S$1,491 per square foot per plot ratio. No development charge is payable with a gross floor area of 49,303 square feet for the new project.
With an additional 10 per cent balcony area, the land price could be powered to S$1,417 per square foot per plot ratio, based on a potential gross floor area of about 54,233 square feet.
Knight Frank also expects strong developer interest in Riviera Point, given its prime location and its popularity among foreign buyers.
The tender for Riviera Point closes on May 26 at 3pm.
-CNA/ac
- wong chee tat :)
HDB launches 3,185 new BTO flats
HDB launches 3,185 new BTO flats
By Lois Calderon | Posted: 25 April 2011 1815 hrs
SINGAPORE : The Housing Development Board (HDB) on Monday launched 3,185 new build-to-order flats, forming the largest supply of subsidised housing in a single launch since 2002.
The offer consists of 105 units of two-room, 541 units of three-room, 1,797 units of four-room and 742 units of five-room flats.
At least 95 percent of the units will be allocated to first-time owners, the HDB said in a statement.
Another 6,070 flats will be up for sale in May and June, it added.
The latest numbers would bring the total HDB flat count to 14,100 units by the end of June, already close to 90 percent of the 16,000 flats offered for the whole of last year.
The projects launched on Monday are Anchorvale Cove in Sengkang, Hougang Parkview in Hougang, Montreal Ville in Sembawang and Waterway Terraces II in Punggol.
The Hougang Parkview and Montreal Ville projects are standard flats with a price tag of at least $92,000 for two-room flats, $158,000 for three-room, $248,000 for four-room and $333,000 for five-room units.
Anchorvale Cove and Waterway Terraces II cater to buyers opting for premium flats, which cost from a minimum of $179,000 for three-room units to $354,000 for five-room units.
The latest HDB projects are expected to be completed in the first quarter of 2014 at the earliest.
For 2011, HDB will offer a total of 22,000 new BTO flats if demand is sustained.
- wong chee tat :)
By Lois Calderon | Posted: 25 April 2011 1815 hrs
SINGAPORE : The Housing Development Board (HDB) on Monday launched 3,185 new build-to-order flats, forming the largest supply of subsidised housing in a single launch since 2002.
The offer consists of 105 units of two-room, 541 units of three-room, 1,797 units of four-room and 742 units of five-room flats.
At least 95 percent of the units will be allocated to first-time owners, the HDB said in a statement.
Another 6,070 flats will be up for sale in May and June, it added.
The latest numbers would bring the total HDB flat count to 14,100 units by the end of June, already close to 90 percent of the 16,000 flats offered for the whole of last year.
The projects launched on Monday are Anchorvale Cove in Sengkang, Hougang Parkview in Hougang, Montreal Ville in Sembawang and Waterway Terraces II in Punggol.
The Hougang Parkview and Montreal Ville projects are standard flats with a price tag of at least $92,000 for two-room flats, $158,000 for three-room, $248,000 for four-room and $333,000 for five-room units.
Anchorvale Cove and Waterway Terraces II cater to buyers opting for premium flats, which cost from a minimum of $179,000 for three-room units to $354,000 for five-room units.
The latest HDB projects are expected to be completed in the first quarter of 2014 at the earliest.
For 2011, HDB will offer a total of 22,000 new BTO flats if demand is sustained.
- wong chee tat :)
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