Residential Property
Chestnut Avenue residential site gets $180m top bid
Chestnut Avenue residential site gets $180m top bid
S P Setia International (S) Pte Ltd was the highest bidder among 12 developers.
Flats galore: Another 4,200 units launched
Total number of BTO flats offered this year now reached 25,200 units.
32% of home buyers skeptical on public housing market
They think prices will never stabilize and that the government needs to do something about it soon.
Robust sales ahead for CapitaLand’s Bedok Residences
Nearly 500 people were present at the show flat area for preview sales 12 hours after the announcement.
D’Weave at Geylang almost sold out in just an hour during Nov 11 launch
Only two out of the 71 units of the “mickey mouse” apartment are left unsold to-date, said property agents at Huttons Real Estate Group.
Ascott bags contracts for two new residences in Foshan and Hong Kong
Ascott M-City, its first serviced residence in Foshan, is slated to open in 2016.
Benchmark for monthly ‘healthy’ or ‘robust’ home sales needs redefinition
A 1,000- to 1,500- unit monthly take-up may no longer be an appropriate quantifier for a still "healthy" sales activity.
Private home sales drop 20% in October
As the number of transactions dipped to 1,638 from the record high of 2,064 in September.
YTL Land and Development appoints Kemmy Tan Peck Mun as CEO
With the leadership change, YTL aims to become the leading property developer in Singapore and the region.
UOL’s profit dips 12% to S$101m in 3Q11
OCBC blames the profit decline on the absence of contributions from Nassim Park Residences.
Private residential purchases by ‘Company’ moderates in 2011
The story of moderation was even more discouraging if purchases by en bloc collective sale buyers were taken out of the equation.
Residential investment sales plunge 50.4% to S$2.20b in 3Q11
However, this sector still accounted for the highest share of 48.6% in total investment sales.
Ho Bee’s revenue plunges 43% to S$56m in 3Q11
As some of its major projects in Sentosa remain 56%-74% unsold.
Yanlord Land profit down 99%
It’s a far cry from the 535 million yuan profit for the third quarter in 2010.
New site selected for En bloc Redevelopment Scheme
The site, Blocks 1 to 3 East Coast Road, is comprised of 82 sold flats which are about 48 years old.
More supply of small apartments drive rising rents in city fringe
Now guess how narrow the gap is between the rents in the prime districts and the rest of central region?
Worst case scenario: Residential vacancy rates and unsold stocks may shoot up next year
Looks like a valid reason to worry about the growing imbalance in residential supply and vacancy rates, don’t you think?
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