Residential

Prime Holland Plain site draws just one bid from Sim Lian at S$454 million or S$1,491 psf ppr

[SINGAPORE] A state land site for a 280-unit low-rise project in the prime Holland Road area fetched just one bid on Thursday (May 7), from Sim Lian at S$454 million or S$1,490.86 psf ppr.

A Dunearn Road government land sale site drew six bids at the close of the tender.

Wing Tai, Metro outbid 5 others for Dunearn Road site with bullish S$1,625 psf ppr bid

This is just 3% more than Frasers Property consortium’s next-highest offer of S$1,576 psf ppr for the 330-unit site

The seller of a five bedder at Leedon Residence made S$5.2 million in profit, after selling the unit for S$14 million in February.

S$14 million Leedon Residence deal nets S$5.2 million profit, tops Q1 resale gains 

ECs among top percentage gainers with profits of 130%-140%; biggest losers suffer losses of up to S$1.9m

Private home price growth was led by non-landed properties, where prices rose 1.3% in Q1.
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Developers' confidence in taking on new condo projects is supported by pro-housing policies.
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The price tag for the Nassim Road GCB works out to nearly S$4,550 per square foot.

Nassim Road bungalow changing hands for S$64.9 million

The buyer is understood to be Shiv Puri, an entrepreneur who started his own fund TVF

Sales have rebounded after the year-end lull and seasonal Chinese New Year pullback.

Near sell-out launches in March boost developer sales to 1,300 units after four slow months

New home sales are more than five times February’s figure, and up 78.3% year on year

The Peck Hay Road site is among two new private residential sites released for sale on Thursday.

URA puts up two prime condo sites in Newton, River Valley for sale

Analysts predict keen competition with up to seven or eight bids at each tender, amid robust demand for CCR homes

While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.
BRUNCH

Higher costs, lower returns: Why are Singaporeans still betting on real estate?

Returns are often lower than equities, but policy and psychology keep property at the centre of wealth