COMMENTARY: SINGAPORE PROPERTY

URA's revised guidelines a cooling measure not by design?

IS the Urban Redevelopment Authority's Wednesday announcement to raise the minimum average unit size for non-landed housing developments Outside the Central Area (OCA) - the second part to the July 6 property cooling measures?...

Developers gear up for flurry of launches before year-end

AFTER selling 7,220 private homes in the first nine months, developers are gearing up for a final burst of launch activity before taking the traditional year-end breather.

New private home sales in September rebound by 51% over August: URA data

BUYERS returned to the market for new private homes, after the immediate hit from the latest cooling measures and with new projects launched after the Hungry Ghost month.
BT EXCLUSIVE

S$105.3m Nassim deal is highest for GCBs

IN what is believed to be the biggest transaction in absolute price terms in a Good Class Bungalow (GCB) Area, a two-storey bungalow in Nassim Road near the Botanic Gardens was transacted earlier this year for S$105.3 million.

Big-ticket property deals fall 42% in Q3 after cooling measures

THE tally of big-ticket property transactions of S$10 million and above across all sectors tumbled 42 per cent to S$6.5 billion in the third quarter from S$11.2 billion in Q2 - after the July property curbs put the brakes on residential collective sales.
BT EXCLUSIVE

Shophouse at 21 Boon Tat Street fetches record price in District 1

A 999-year leasehold shophouse at 21 Boon Tat Street in the Telok Ayer Conservation Area is being sold for S$16.5 million, which works out to S$4,259 per square foot on the estimated built-up area of 3,874 sq ft.

Home prices flatten in Q3 as curbs arrest gains

THE July cooling measures are starting to show in the moderation in the pace of the quarter-on-quarter increase of the official private home price index: Growth was 0.5 per cent in the third quarter.

Private home price index gain slows to 0.5% q-o-q in Q3: URA flash estimate

THE Urban Redevelopment Authority's (URA) widely-watched private residential property price index rose 0.5 per cent in the third quarter of 2018 over the preceding quarter, based on a flash estimate released by the authority on Monday morning...

FLASH: URA private home price index up 0.5% q-o-q in Q3 2018

<a href="https://www.businesstimes.com.sg/real-estate/hdb-resale-prices-drop-02-in-q3-3800-bto-flats-to-be-released-in-november" target="_blank">Full story</a> to come...

GCB deals hit S$220m in third quarter

TRANSACTION volumes of bungalows in Good Class Bungalow (GCB) Areas have held up in the third quarter against the latest property cooling measures which took effect on July 6.

Qingjian Realty sells 300 units at JadeScape

QINGJIAN Realty (South Pacific) Group said it has granted options for the purchase of 300 units at the JadeScape condo as at 2pm on Sunday. Sales began on Saturday morning.

Safe as houses? The property investment story so far

IT is in the collective consciousness of Singaporeans that owning property is a big part of being - and getting - rich. For many families in Singapore, investing in property has proven to be a good way to preserve, if not enhance, their wealth and to build up a retirement nest egg.

Super penthouse at South Beach Residences fetches S$26m

THE consortium that developed South Beach Residences is understood to have granted options for the purchase of 10 units over the past fortnight, including the super penthouse which is being sold at S$26 million to a foreigner.
HOCK LOCK SIEW

Is Ascott trust mulling sale of Ascott Raffles Place?

WORD on the street is that an expression of interest (EOI) exercise closed recently for Ascott Raffles Place, a 20-storey conserved building with 146 serviced apartments.
BT EXCLUSIVE

Far East seen as likely buyer of Le Meridien in Sentosa

FAR East Organization, owned by the Ng family, is likely to buy the Le Meridien Singapore, Sentosa.

ARA in advanced talks for Manulife Centre

AN ENTITY linked to ARA Asset Management is said to be in advanced negotiations for the purchase of Manulife Centre in Bras Basah Road.
SPOTLIGHT

Navigating choppy waters

The cooling measures relating to residential properties announced in July have caused many market participants to take a pause. The volume of private housing transactions is expected to ease while sellers are expected to be more measured with their price expectations. The en bloc sale gravy train...

CapitaLand and CDL team up again - this time for Sengkang mixed development

FOR the first time in about a decade, property heavyweights CapitaLand and City Developments are teaming up for a project in Singapore.

CapitaLand-CDL tie-up clinches Sengkang Central site for S$777.78m

A CAPITALAND and City Developments Ltd (CDL) tie-up has clinched a commercial and residential site in Sengkang Central. Their winning bid of S$777.78 million  works out to S$923.59 per square foot per plot ratio (psf ppr) for the 99-year leasehold site next to Buangkok MRT Station.

Rush to beat cooling measures sends developers' sales to 16-month high

THE knee-jerk reaction by some buyers who raced to snap up private residential properties on the night of July 5 to beat the cooling measures that kicked in the next day sent developers' sales for July to its highest level in 16 months...

New cooling measures fuel July surge in Singapore private home sales

DEVELOPERS in Singapore sold 1,724 private homes in July 2018, about 2.6 times the 654 units they moved in June 2018 and up 55 per cent from the 1,112 units they sold in July 2017.
BT EXCLUSIVE

Wangz Hotel being sold for S$46m

WANGZ Hotel, the distinctive barrel-shaped aluminium-clad building at the corner of Outram and Tiong Bahru roads, is being sold for S$46 million.

Ho Bee Land Q2 net profit nearly doubles to S$71.5m

HO Bee Land has posted net profit of S$71.5 million for the second quarter ended June 30, up 98.1 per cent from the S$36.1 million net profit in the year-ago period.

Latest cooling measures to bite harder than earlier ones: CDL

THE group chief executive of City Developments Ltd (CDL), Sherman Kwek, says the impact of the property cooling measures rolled out last month will be rather different from that in the 2010-to-early-2013 period.

CDL's Q2 profit surges 80% to S$204.8m on strong residential sales

CITY Developments Limited (CDL) on Wednesday reported a second quarter net profit of S$204.8 million, up 80 per cent from S$114.1 million the year ago. <em>(<a href="#Amendment%20note">see amendment note</a>)</em>...