Parkway Hospital is setting itself as a premium world first class hospital with its soon completed Parkway Novena Hospital. In the recent soft launch, all 100 suites released ranged between 452 square feet and 1,431 sq ft and were priced between $3.588 psf and $3,828 psf, excluding GST, were sold out.
This may sound a good price that Parkway has managed to launch at: just imagine selling a medical suite with a price tag from $1.63 mil to $5.1 mil, not forget to mention it is sitting on a 99 years …

Source from Knight Frank LLP, Bloombery LP
Just take a look at the luxury homes price chart enclosed. No wonder there is still much great anticipation and optimism in the Singapore luxury home property market despite the many launches boosting the supply. In terms of the luxury home prices, Singapore still lags behind Hongkong, which is being ranked as the fourth most expensive city in the study. ‘Ideally’ speaking, the property investors can still look forward to 30% or more increase in property due to the much similarity between the two countries.
In …

Novena is fast setting itself as a distinctive medical cluster in Singapore with a number of leading medical institutions already located in the area. These include the Tan Tock Seng Hospital (Singapore’s second largest hospital), Thomson Medical Centre and specialist centres such as the Johns Hopkins International Medical Centre, Novena Medical Centre, National Neuroscience Institute (NNI), National Skin Centre (NSC) and the Renci Hospital.

The latest up and coming one is the Parkway Novena medical hospital, which is planned to be a world first class hospital with only A class single …

Balestier is sandwiched in between of the 2 ‘prime areas’ of Novena and Toa Payoh. I start to have this crazy bold idea why we are not able to have a MRT station in the middle of the 2 MRT station. Underground construction wise if not a problem if this is well planned. And it would not cause much hassle to the Balestier area since the construction site will be much more localized in the MRT station area.

Zhong Shan Park as Balestier MRT station
And I am think the current Zhong …

The new launches like the Arte, Cube 8 & the Vista Residences are blessed with MacRitchie Reservoir view for residents living at the high floors. Rather than enjoying the view, the residents in Balestier can always visit the MacRitchie Reservoir Nature Reserve for work out and natural lifestyle. It is just a few bus stops away from Balestier. And with the completion of the new 2 storey carparks with 300 parking lots, it is just a breeze for people who drive and park there. I still recalled in the past …

Yet another record breaking HDB flat from Bras Basah sold at $650,000 or a record smashing $736psf. This jaw dropping price was set by a Taiwance PR couple who purchased a HDB flat left with 70 year lease. On the other hand, the Government is stepping out strongly to maintain the stand that the public housing is still affordable, based on their own sets of parameter.
Let’s take a look at these 2 articles brilliantly dissecting the topic on housing affordability in Singapore:
The TRUTH about Housing affordability in Singapore….. By Diary of …

We seldom witness private players stepping out questioning the efficiency of the Government policies. Mr. Simon Cheong, as the president of the Real estate Developers’ Association, questioned the need for Government’s measures towards the property. He further suggested that would lead to mismatch of supply and demand.
Simon Cheong raised the two recent government land-sale tenders to highlight ‘the dilemma’ that developers face when bidding for such sites. A bid for a Tampines site was rejected in June 2008 but the tender was awarded this month at $421 per square foot per plot ratio …

You might have noticed that there is this industrial building, Leong On Building, sitting beside the up and coming Zhong Shan Park site. It looks pretty out of place, and will be even so after the completion of Zhong Shan Park. I would have thought that it would have been more efficient and integrated in terms of planning if the site to be amalgamated with the Zhong Shan Park during the URA land tender. However the wish was somehow not materialized.

However the owners of Leong On Building will be very …

If one mentions of Balestier, many people will think of its famous Tau Sar Piah. From the Thomson Road leading to Balestier, you will be seeing a number of Tau Sar Piah shops selling this traditional pastry. Sometimes you could be seeing drivers taking risk for parking illegal along the side of the shops to buy the famous Balestier Tau Sar Piah, since it is simply not convenient for the customers to park else place and walk over to the shops for purchase.

Loong Fatt at No 639 is said to be the first …

More than often, Hong Kong economic performance has always been taken as a benchmark for Singapore. It is especially so for the current heated property market. It is easily understood though, since both Singapore and Hong Kong share the similarity in terms of economic factors with no natural reserves, as well as the scarcity of land.
It is believed that there is much more room for the Singapore property market to appreciate. The analogy is taken from the reported average pricing of a 120 sqm apartment for Hong Kong, it costs the buyer $21,539 …