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Thread: Is the market losing steam?

  1. #51
    Join Date
    Jun 2009


    Kemaman Point In District 12 Sold En Bloc To Soilbuild For $143.88m

  2. #52

    Default At $2,910 psf ppr, this latest collective sale price for the prime Orchard Road site

    Two blocks from St Regis Singapore, where North Korean leader Kim Jong-un stayed for the historic summit with US President Donald Trump, a milestone of a different sort was set. It was the collective sale of Park House, a 15-storey building located at the corner of Tomlinson Road and Orchard Boulevard. The tender for the building closed on May 31, and the deal was sealed at 12.30am on June 1. The purchase price was $375.5 million, a 21.9% premium to the guide price of $308 million when the site was launched for sale on April 23.

  3. #53

    Default Horizon Towers extends en-bloc tender closing date

    The tender closing date for the collective sale of Horizon Towers has been extended to September 12, from the original closing date of August 7.
    The 211-unit, 99-year leasehold Horizon Towers was launched for sale by tender on July 5. On the same evening, the government announced the fresh round of residential market cooling measures effective July 6, increasing the rates of the Additional Buyer’s Stamp Duty (ABSD) and reducing the mortgage loan-to-value limits across the board.
    In addition, a non-remissible ABSD of 5% for residential land purchases was announced.

  4. #54

    Default Singapore: Have High-end Home prices bottomed?

    Quote Originally Posted by Amber Woods View Post
    My reading of the market is that foreign developers started buying up land last year because the Singapore property market was relatively cheaper than HK and China despite all the cooling measures still in place. When the government reduces the SSD to 3 years, developers took the opportunity to stir up the market and suggesting that more measures would be relax since the market had been on a decline since 2013.

    For fear of losing out, local developers also jumped in to buy up land believing that with high price point, they could still pass on the cost to buyers since all developers have to sell at much higher price.

    It will be interesting to see how the market plays out over the next one year.
    Stripping new sales, high-end resale prices could have bottomed and stabilised. But it is still too early to tell whether there will soon be a sustainable rebound in prices given the weak macro-economic indicators. There could still be transactions at exceptionally low prices that float up now and then, although they are a minority.

  5. #55


    Serviced apartments and hotels eye a growing trend in Singapore

    There will be more co-living operators in Singapore over the next few years as serviced apartment and hotel operators innovate their business models to bring this residential concept to market. While demand for co-living spaces in Singapore may be limited to the 1.6 million non-residents, an increasing number of millennials may choose to rent rather than stay with their parents, according to a report by Edmund Tie & Co (ET&Co).

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