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Property News | 21 July

Daintree Residence to launch for sale on July 28

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Property News 23 July
Pinetree Condo up for sale en bloc at $148m
At the $148 million reserve price, each owner in the District 10 development stands to receive between $2.57 million and $4.09 million. 
Property News 19 July
Kentish Green up for collective sale at $230m
Kentish Green in Oxford Road has joined the bandwagon of developments here trying for a collective sale. The owners have set a reserve price of $230 million for the 59,143 sq ft site.
Property News 18 July
Heftier stamp duty a big setback for property sector: Redas chief

The imposition of heftier Additional Buyer's Stamp Duty on developers is "a big setback for the property market in Singapore", Real Estate Developers' Association of Singapore (Redas) president Augustine Tan said yesterday.

Referring to the Government's recent cooling measures, which included tightened Loan-To-Value (LTV) ratios, he said the changes have raised the cost of home ownership and cooled demand from investors and foreigners, while possibly eroding the confidence of developers, investors and buyers.

Property News 17 July
Private home sales slump adds to property gloom

These are testing times for property watchers given a sales dive last month, a likely spike this month as buyers rushed to beat the cooling measures, and hints of a slump as wary home-seekers weigh their options.

Last month's severe drop in transactions will draw the most attention: Developers sold just 654 private homes, 41.7 per cent lower than in May and 20.2 per cent below the same month last year.

Property News 16 July
New private home sales in June fall over 40% from May, down 20% year on year

SINGAPORE - Subdued sales in new residential launches in the month of June resulted in over 40 per cent fewer homes being sold by developers than a month ago.

Buyers took up 654 new private residential units in June, 41.7 per cent lower than a month ago and 20.2 per cent less than a year ago, according to according to preliminary data from the Urban Redevelopment Authority (URA) on Monday.

Property News 13 July
MacPherson freehold shophouses launched for sale
Commercial real estate services and investment company CBRE has launched the sale of four freehold shophouses in MacPherson Road, with would-be buyers invited to express interest.
The four properties comprise an intermediate two-storey shophouse, two adjoining two-storey shophouses and a corner two-storey shophouse.

SRX Property News

Property News 21 July
Daintree Residence to launch for sale on July 28
It's the first condominium to do so since the latest round of cooling measures came into effect
Property News 23 July
Pinetree Condo up for sale en bloc at $148m
At the $148 million reserve price, each owner in the District 10 development stands to receive between $2.57 million and $4.09 million. 
Property News 19 July
Kentish Green up for collective sale at $230m
Kentish Green in Oxford Road has joined the bandwagon of developments here trying for a collective sale. The owners have set a reserve price of $230 million for the 59,143 sq ft site.
Property News 18 July
Heftier stamp duty a big setback for property sector: Redas chief

The imposition of heftier Additional Buyer's Stamp Duty on developers is "a big setback for the property market in Singapore", Real Estate Developers' Association of Singapore (Redas) president Augustine Tan said yesterday.

Referring to the Government's recent cooling measures, which included tightened Loan-To-Value (LTV) ratios, he said the changes have raised the cost of home ownership and cooled demand from investors and foreigners, while possibly eroding the confidence of developers, investors and buyers.

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