Updated as of 22 Oct 2012
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Premium Executive Condominium #SingaporeEC in the Heart of Punggol (Near Punggol MRT)
By Qingjian Realty (Edgefield Plains) Pte Ltd
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Sunday, 30 September 2012
Friday, 28 September 2012
JTC releases 3 Industrial Sites For Sales By Tender
INDUSTRIAL MARKET
JTC releases 3 industrial sites for sale by tender
JTC Corporation released three industrial sites for tender yesterday, through the confirmed list of the Industrial Government Land Sales Programme.
The sites are a plot at Serangoon North Avenue 5 and two plots at Tuas South Street 8.
The 0.75ha site in Serangoon North has a 2.5 plot ratio (ratio of maximum permissible gross floor area to land area).
It is zoned for Business 1 development, which means it is for light and clean industrial uses that do not impose a nuisance buffer of more than 50m and can therefore be found in selected housing estates such as Bukit Batok and Woodlands. The plot is being sold on 30-year-leasehold tenure.
No More Pre-Installed Taps and Basins in New Flats
RESIDENTIAL MARKET
No pre-installed taps, basins in new flats
Home owners are being given greater flexibility when it comes to choosing flats and fixtures to suit their tastes.
Sanitary fittings such as wash basins and taps are no longer being fitted in new flat launches, as of yesterday.
This means owners will need to opt in, to the tune of up to $4,300, if they want them.
New Launched BTO Flats to Keep Tabs on Prices
RESIDENTIAL MARKET
Another 2,000 Built To Order flats to be rolled out in 2012 to keep lid on prices
The Housing and Development Board (HDB) is rolling out more flats this year in a bid to arrest runaway price increases and help meet housing demand.
An additional 2,000 units will be rolled out this year, bringing the new supply of Built-to-Order (BTO) flats up to 27,000 over the 25,000 originally planned.
Thursday, 27 September 2012
Singaporeans Buy More Luxury Homes in 2012
RESIDENTIAL MARKET
S'poreans buy more luxury homes this year
After a short lull in the first quarter of this year, Singaporeans seem to be trotting back to the luxury property market, with the total number of units purchased by them so far this year surpassing the total number transacted by this group in the whole of last year.
A total of 46 luxury homes were purchased by Singaporeans in 2012, as compared to 40 homes in 2011.
The spike was contributed primarily by transactions made in Q2, which saw a total number of 31 luxury homes purchased by Singaporeans as compared to 11 in the same period last year.
The proportion of purchases made by Singaporeans was found to have increased significantly from 19 per cent in 2011 to 35 per cent in 2012 year to date almost on a par with foreigners.
For the first three quarters of this year, foreigners purchased 49 homes, contributing to approximately 37 per cent of the purchases made. This is significantly lower than the 100 luxury homes purchased in 2011, which contributed to 47 per cent of luxury homes purchased last year.
The remaining 27 per cent of luxury-home transactions were made by Singapore permanent residents and companies who purchased 32 and four luxury homes so far this year respectively.
Luxury home prices, which have fallen 2.0 per cent over the past three quarters, also stabilised in Q3, in part due to increased purchases by local buyers. The average price per square foot (psf) for Q2 and Q3 remained the same at $2,621.
Luxury homes are defined as non-landed projects with most units larger than 2,000 sq ft in size and generally costing more than $2,500 psf.
In addition, landed homes continues to lead the price increase as buyers found more value in the larger floor areas and are driven by the scarcity fear factor that prices will rise beyond their reach.
Average resale prices of freehold landed homes in the prime districts rose by 1.2 per cent in Q3, higher than the 1.0 per cent rise in Q2. In the suburban areas, prices rose even more, by 2.4 per cent on average, double the 1.2 per cent increase in Q2.
Prices of freehold apartments/condominiums in the prime districts of 9, 10 and 11 as well as in the suburban areas also rose in Q3 by 1.0 per cent.
Source: Business Times – 26 September 2012
S'poreans buy more luxury homes this year
After a short lull in the first quarter of this year, Singaporeans seem to be trotting back to the luxury property market, with the total number of units purchased by them so far this year surpassing the total number transacted by this group in the whole of last year.
A total of 46 luxury homes were purchased by Singaporeans in 2012, as compared to 40 homes in 2011.
The spike was contributed primarily by transactions made in Q2, which saw a total number of 31 luxury homes purchased by Singaporeans as compared to 11 in the same period last year.
The proportion of purchases made by Singaporeans was found to have increased significantly from 19 per cent in 2011 to 35 per cent in 2012 year to date almost on a par with foreigners.
For the first three quarters of this year, foreigners purchased 49 homes, contributing to approximately 37 per cent of the purchases made. This is significantly lower than the 100 luxury homes purchased in 2011, which contributed to 47 per cent of luxury homes purchased last year.
The remaining 27 per cent of luxury-home transactions were made by Singapore permanent residents and companies who purchased 32 and four luxury homes so far this year respectively.
Luxury home prices, which have fallen 2.0 per cent over the past three quarters, also stabilised in Q3, in part due to increased purchases by local buyers. The average price per square foot (psf) for Q2 and Q3 remained the same at $2,621.
Luxury homes are defined as non-landed projects with most units larger than 2,000 sq ft in size and generally costing more than $2,500 psf.
In addition, landed homes continues to lead the price increase as buyers found more value in the larger floor areas and are driven by the scarcity fear factor that prices will rise beyond their reach.
Average resale prices of freehold landed homes in the prime districts rose by 1.2 per cent in Q3, higher than the 1.0 per cent rise in Q2. In the suburban areas, prices rose even more, by 2.4 per cent on average, double the 1.2 per cent increase in Q2.
Prices of freehold apartments/condominiums in the prime districts of 9, 10 and 11 as well as in the suburban areas also rose in Q3 by 1.0 per cent.
Source: Business Times – 26 September 2012
Tuesday, 25 September 2012
Four Industrial Property Parcels Up For Sale
INDUSTRIAL MARKET
Four industrial property parcels up for sale
Four buildings - a seven-storey corner terrace building, a five-storey industrial building, a single storey factory and an industrial redevelopment site - go on sale today.
The terrace building at 1 Kaki Bukit Place, with a built-in area of 30,570 sq ft, sits on approximately 11,950 sq ft of land. Its 60-year lease began on Nov 20, 1995.
Luxury - A Big Draw For Heron Bay
RESIDENTIAL MARKET
Luxury features make Heron Bay a big draw
Heron Bay Executive Condominium (EC) in Upper Serangoon View, one of the more lavish Executive Condominium projects, drew 1,664 applications for its 394 units after the one-week e-application closed on Sunday.
This translates to approximately 4.2 applicants for each unit, the highest subscription rate for an Executive Condominium over the past few years.
Singapore Property Cooling Measures Bringing in the Money!
Property cooling steps net $500m for taxman
THE taxman has collected more than half a billion dollars from additional stamp duties imposed as part of property cooling measures.
The Additional Buyers Stamp Duty (ABSD) has contributed the bulk of that - $450million between its inception on Dec8 last year and the end of last month.
A further $51million has come from the seller's stamp duty since it was implemented in February 2010, the Inland Revenue Authority of Singapore (Iras) said.
According to Iras' annual report, it collected $2.5 billion in stamp duty from sale and purchase agreements in its financial year ended March 31, 2011.
Monday, 24 September 2012
What's the Buzz about $1 million HDB Flat
$1,000,000 HDB flat
What it's all about
HOME prices in Singapore continued to set new records this month, with the sale of a Housing Board flat hitting the psychological $1 million mark.
A resale executive flat in Queenstown is in the process of being sold for a mindboggling $1 million, beating a record set by a Bishan executive maisonette when it sold for $980,000 barely a week earlier.
Just a few days later, it was reported that a 1,680 sq ft HUDC maisonette along Shunfu Road was sold in July for $1.28 million, topping last year's $1.22 million sum for a 1,668 sq ft HUDC flat in the same area.
Star Vista Set to Dazzle Buona Vista
RESIDENTIAL MARKET
Star Vista set to dazzle Buona Vista
THE one-north area is fast taking shape with the new Star Vista mall.
The CapitaMalls Asia outfit - the first major mall in Buona Vista - has about 100 shops, including some that are new to Singapore, like eatery Morganfield's.
The Star Performing Arts Centre, owned and managed by New Creation Church's Rock Productions, is above the mall.
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