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Singapore Property Market News

Singapore Property Market

  • Rail Corridor upgrade works to begin in 2018
    View of the Bukit Timah Railway Station when it was in operation, with the second version of the station building in the centre. (Photo: Wikimedia Commons) Enhancement works along the central portion of the Rail Corridor is targeted to start next year, announced the Urban Redevelopment Authority (URA) and National ... read more
    Source: Singapore Property Market NewsPublished on 2017-10-23
  • Mayfair Gardens up for en bloc sale at $265m
    The asking price works out to a land rate of around $1,058 psf per plot ratio. (Photo: Knight Frank) Mayfair Gardens off Dunearn Road has been launched for collective sale, with the owners expecting offers above the reserve price of $265 million, according to marketing agent Knight Frank. Built in ... read more
    Source: Singapore Property Market NewsPublished on 2017-10-23
  • Former Zouk site up for sale with $689.353mil reserve price
    Aerial view of the land parcel at Jiak Kim Street.(Photo: URA) The site previously occupied by iconic nightclub Zouk has been put up for sale, with a minimum bid price of $689.353 million. The tender for the 99-year leasehold site will close on 5 December, with tenders below $689.353 million ... read more
    Source: Singapore Property Market NewsPublished on 2017-10-20
  • GuocoLand net profit soared to $165.6mil in Q1
    GuocoLand saw its first-quarter net profit grow more than six-fold to $165.6 million from $25.6 million over the same period last year. Revenue soared 79 percent to $362 million from $202.8 million, mainly due to higher sales and progressive recognition from its residential projects in Singapore. The group’s share of ... read more
    Source: Singapore Property Market NewsPublished on 2017-10-20
  • Hougang condo sold for $629m in collective sale
    The owners of Florence Regency are expected to receive between $1.84 million and $1.89 million from the sale. (Photo: JLL) The 336-unit Florence Regency development at Hougang Avenue 2 has been sold to Hong Kong-listed developer Logan Property for $629 million, marketing agent JLL said on Friday (20 October). This ... read more
    Source: Singapore Property Market NewsPublished on 2017-10-20

Overseas Property Market

  • China’s property cooling measures to stay, says housing minister
    China’s housing minister expects property sales to slow down in the fourth quarter, with prices remaining stable, reported Reuters. “The national growth rate of transitions for commercial housing will slow in the fourth quarter,” said Wang Menghui, China’s housing ministry head, at the once-every-five-years congress of the ruling Communist Party. ... read more
    Source: Overseas Property Market NewsPublished on 2017-10-23
  • 3 things to know about investing in Thailand
    View of the Bangkok skyline. Special Advertising Feature Thailand is often called the Land of Smiles, an affectionate nickname supposedly coined by tourists, but in most likelihood, was the result of a successful slogan started by the country’s tourism authority. However, the wide grins aren’t just reserved for holidaymakers. Savvy ... read more
    Source: Overseas Property Market NewsPublished on 2017-10-20
  • NZ court rules in favour of mainly Singaporean investors
    View of Queenstown and Lake Wakatipu, taken from the platform next to the Skyline Restaurant. (Photo: Wikimedia Commons) A group of investors, mainly Singaporeans, won a years-long battle over a property investment in South Island, after New Zealand’s top court ruled that they could get back their NZ$8 million (S$7.8 ... read more
    Source: Overseas Property Market NewsPublished on 2017-10-19
  • Country Garden asks gov’t to include Forest City in HSR
    Artist’s impression of Forest City.   The joint venture building Forest City off Johor is urging the Malaysian government to establish a High-Speed Rail (HSR) station in the mega-project, reported The Straits Times. According to an unnamed source, China-based developer Country Garden along with the government of Johor and the ... read more
    Source: Overseas Property Market NewsPublished on 2017-10-16
  • Canada home prices down after two interest rate hikes
    While Vancouver prices declined after British Columbia implemented its own foreign buyers tax last year, they have since rebounded, Teranet said. (Photo: Wikimedia Commons) Canada’s housing boom showed signs of slowing down, with resale home prices falling 0.8 percent month-on-month in September, making it the first monthly decline since last ... read more
    Source: Overseas Property Market NewsPublished on 2017-10-13