Topic of Interest: #NewLaunches (2,049 Articles Found)

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4 S’pore property trends to watch in 2022

Singapore’s property market will end 2021 with its best sales performance in recent years, with prices of private homes rising six consecutive quarters to a historical high in the third quarter of this year. More than 25,000 private…

Property agent fined $5,000 for holding transaction monies

A property agent was fined $5,000 on Wed for holding transaction monies on behalf of a developer for the acquisition of a condominium unit. This comes after Charles Tan Chun Peng, a property agent with PropNex, pleaded guilty…

A recap + full list of new launch condos in 2021

2021 has been an interesting year. Mask-wearing, SafeEntry and the changes in phases remind us the pandemic hasn’t ended yet. At the same time, looking at the robust property market this year, it doesn’t feel like we’re in…

Will rising home prices raise the risk of fresh cooling measures?

With the private residential market poised to end the year on a high note, does this once more heighten the risk of policy measures? Even the perceived possibility of cooling measures could serve as a near-term headwind for…

Singapore private homes aren’t as pricey as they seem

There is some anxiety over rising private home prices here, which are up by almost 8 per cent in the third quarter of 2021 compared with the fourth quarter of 2019, prior to the outbreak of the Covid-19…

The Commodore sells more than 70% of units over launch weekend

The Commodore, JBE Holdings’ latest residential development near Canberra MRT, sold over 70% of its 219 units during its launch weekend. It revealed that buyers snapped up 162 units as of 6pm on Sat. One-bedroom units were sold…

Aurum Land CEO tears walls down to build communities

Having worked in academia and later as a mgmt consultant, it was never in Michelle Yong’s plan to join the family business. But when her father, deputy chairman of construction conglomerate Woh Hup, asked her to fill a…

CK Asset Holdings’ Perfect Ten to open to public on Dec 8

The sales gallery of Perfect Ten, a project by prominent luxury property developer CK Asset Holdings, will open to the public on Dec 8. The freehold condominium is a redevelopment of the former City Towers on Bukit Timah…

GuocoLand partners property tech company Showsuite to digitalise booking and purchasing process

GuocoLand has partnered Showsuite to digitalise the booking and purchase process of the former’s entire residential portfolio in Singapore. The digitalisation of GuocoLand’s portfolio will include the real estate group’s upcoming mixed-use development at Lentor Central that is…

More property executives cite rising construction costs as key risk: poll

Rising construction costs continue to be the biggest risk faced by Singapore’s real estate market, followed by increasing inflation and interest rates. This is according to the Q3 2021 Real Estate Sentiment Index published by NUS+RE. Among the…

CanningHill Piers in River Valley sells 77% of its 696 units, including $48m penthouse

CanningHill Piers’ sole penthouse, which boasts panoramic views of the city and the Singapore River, was sold for $48 million during the development’s launch on the weekend. It was among 538 units of the project by City Developments…

From mixing concrete to developing green property

Back in 1984, 19-year-old Arthur Aw spent his post A-level break moving cement bags, mixing concrete and tiling roofs for Jervois Mansions, Kimen Group’s first real estate development. His father, the founder of Kimen Group, saw it as…

Will the easing of border restrictions like the Vaccinated Travel Lane (VTL) bring more foreign buyers to buy CCR condos?

On 15 Nov, the government announced that it’s extending the VTL to six more countries such as India and Indonesia. As of writing, this brings the total number of VTL countries to 21. And for the property sector,…

Hoi Hup and Sunway secure Thiam Siew Avenue sites for $1.1 bil

Two freehold sites at Thiam Siew Ave, sitting between Haig Road and Tanjong Katong Road in prime District 15 in the east, were sold for $815 million to a JV between Hoi Hup Realty and Sunway Developments. The…

Roxy-Pacific to debut Mori, with entry price from $1,680 psf

Executive chairman of Roxy-Pacific Holdings, Teo Hong Lim, grew up in the Geylang area in the 70s. His father, Teo Kok Leong, who founded the company, had been a property developer since 1958. At one point, the elder…

Price and sales volume changes in neighbourhood condos when an integrated-MRT condo comes to town

Pasir Ris 8, a 99-year leasehold development by Allgreen Properties and Kerry Properties, is a mixed-used condominium to be located adjacent to Pasir Ris MRT station/bus interchange and the White Sands shopping mall. Nearby, there are five 99-year…

City Developments reports $2.5b total sales for 9M 2021

City Developments Limited (CDL) reported a continued stable recovery trajectory for the third quarter ended 30 Sept 2021. The group and its JV associates sold 414 units with a total sales value of $784.4 million in Q3 2021.…

Singapore’s new private home sales rebound to grow 9% in October

Sales of new private homes in Singapore rose nearly 9 per cent in Oct, rebounding from two months of decline. Excluding ECs, developers sold 909 private homes last month, up from 834 in Sept, according to data released…

New private home market to end the year on a high note: analysts

Analysts expect new private home sales to remain robust for the rest of the year on the back of major upcoming launches. Three launches are in the pipeline for Nov, namely CanningHill Piers, The Commodore and Cairnhill 16.…

5 new launch condos with unusual selling points (floating swimming pool, anybody?)

Every now and then, we put together this list to highlight interesting and overlooked details in new condo launches: 1) Got multiple children in NS? Need to wash a mountain of bedsheets? If your washing machine can’t handle…

Singapore new private home sales rebound in October, up 8.3%

New private home sales rose in Oct, reversing the downward trend seen in previous months. Based on caveats lodged, analysts estimated that property developers sold 903 residential units in Singapore last month, up 8.3 per cent from Sept’s…

Tiong Seng-Ocean Sky joint venture previews Cairnhill 16 at prices from $2,789 psf

Sitting at the top of Cairnhill Rise and located next to Cairnhill Arts Centre is the upcoming high-end condo Cairnhill 16. Construction has begun on the 15,407.6 sqft freehold site where the new 15-storey block with 39 condominium…

Rise of The Commodore

Niche property developer Patrick Lam, director and founder of JBE Holdings, first ventured into the northern region of Singapore in 2010. “At that time, the northern part of Singapore wasn’t that well developed,” says Lam. “That’s why I…

What condo projects dominated the market in Q3?

PG said that nine out of 10 mass-market condominiums that performed well in the previous quarter were both affordable and located in OCR. Pasir Ris in District 18 proved the most popular condo with 425 units sold. Notable…

CanningHill Piers to start sales preview on Nov 5; prices start from $1.16 mil for one-bedroom unit

CanningHill Piers, the new luxury residence located between Fort Canning Hill and the Singapore River, will commence its sales gallery preview on Nov 5. The 99-year leasehold development is developed jointly by CapitaLand Development (CLD) and City Developments…

Private property prices up 3.88% to an all-time high of $1,791 psf

Prices of private properties grew by 3.88% in the fourth quarter, driving the median asking price to an all-time high of $1,791 psf, PG reported in its Q4 2021 Property Market Index. Based on the report, the highest…

How a S’pore employee got a $200K windfall for giving a customer good service

What is good customer service worth? It’s a bit like asking how long is a piece of string, but one real estate agent who went the extra mile for a customer found an answer: around $200,000 for an…

New Launches near the 5-year ABSD deadline in 2021: Will we be seeing developer discounts?

As condos come close to their five-year ABSD time limit, homebuyers and investors start to pay more attention. There’s every chance that, with a handful of units left, the developer will decide to give deep discounts rather than…

10 key factors to help you pick the ideal new launch condo unit

You’ve found your ideal condo development – it’s near to the MRT, there’s a 50m infinity lap pool, and the clubhouse has a karaoke room, lounge area, and even a foosball table. What more can you ask for?…

OCBC Bank extends $148 mil green loan facility to Tong Eng using BCA’s new building energy efficiency assessment tool

OCBC has issued its first green loan that leverages the BEEA. On Oct 26, the bank announced that it has extended a $148 million green loan facility leveraging the tool to Fairview Development. Fairview Development is a unit…

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