The recent property measures announced by Singapore Property have taken the heated market one step back. While the impact to the real estate market is to be further assessed, the market may most probably cool down for the coming 6 months. The imposed stamp duty over the 3 years could be taken as capital gain tax as form of penalty if you resell the property within 3 years of buying, and the HDB owners market is definitely stifled as the owner have to stay the minimum 5 years period before …

You would not have missed this ‘Gaudi’ roof design when you drive past the Novena area along the CTE. This eye catching roof with distinctive onion shaped domes belongs to the white apartment along Keng Lee Road called Haniffa.

You are able to see Muslim motiff cladding around the white apartment. This 12 storey building is owned by a Muslim family with 3 generations living under the same roof. Businessman Mohamed Haniffa, 70, spent $9 million in constructing the apartment block to house his family of 15 and five household helpers.

I …

To Continued from Part 1
INTRODUCTION
Let focus this part of article on the newly launched Thomson 368 by CDL.
368 Thomson is sitting at the former developments of Concorde Residences, Bright Building & Balestier Court. It is sitting on a freehold land of slightly more than 60,000 sf. It consists of a residential tower of 36 storey with 157 units, which is expected to be completed in year 2015.
Enough say of the surrounding site in my earlier articles. What is ‘striking’ is that the residential enclave of CDL’s empire being broken up …

Again we are seeing CDL making its successful presence in District 11 & 12 area with its recent launch at 368 Thomson.
After its impressive sales of the Arte followed by Cube 8 over these 2 years, CDL is returning with its last available landbank in Balestier: the former Concorde Mansion site. 80% of 120 units of the 36-storey freehold development comprising 157 units were released in Phase 1 has been snapped. Going at an average price of S$1,350 per square foot, the apartments range from S$918,000 for the 689 square …

Leicester Suites is a new project along Leicester Road in Potong Pasir area. Located at 10 Leicester Road, it is situated between residential developments Platinum Edge and Intero developments. Just across the Leicester Road, it sits the One Leicester development by Centrepoint Properties.

Leicester Suites is developed by Macly Capital Pte Ltd. Macly Capital Pte Ltd is the developer of Wilkie 80, Zedge, and Newton Edge. You will realise that their projects are mostly boutique project with small units. It is the same case for Leicester Suites. With 14 storeys high, …

Just two years ago, COE prices plunged to as low as $2 with the Government change in policy to increase car ownership for the Singaporeans. It was done in response in meeting the ‘materialistic need’ of Singaporeans. Many people had flagged up to their MPs expressing their desire to own a car. Therefore the policy changed and car ownership shot up. Cars become once more affordable. On the other hand, the Government aimed to control the car usage and traffic low by implementing more ERP gantries and increase the cost …

As reported in the earlier posting on the potential enbloc for several apartments in Balestier, Diamond Tower has managed to ink the first residential deal for the area.
The existing Diamond Tower is just sitting next to the up and upcoming Zhong Shan Park, which houses 2 hotels and a public park. The deal has not been finalized since the proposed collective sale of Diamond Tower will be subject to approval from Strata Titles Board as its owners have not unanimously consented to the sale.

EL Development has inked a deal to buy …

The buoyant property launches along Newton Road are going strong that the older projects are also enjoying the uptrend. With Balestier and Novena just steps away, the developments from the area will definitely enjoy the spillover too:)
 
Source : The Edge – 29 March 2010
Amaryllis Ville units going for more than $1,200 psf
Since last June, the transaction prices of apartments at Amaryllis Ville, along Newton Road, have increasingly crossed the $1,000 psf level. In January, prices at the 311-unit twin-tower condo development came close to the 2007 peak of $1,514 psf, …

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 …

The response to my earlier posting on “A private apartment unit near city area for less than $600psf!!!” so overwhelming that I have been receiving many calls from my readers on the location of St Michael and Boon Keng area.
With the recent successful launches of the Cube 8 in Balestier and the Vision in West Coast Crescent at over an average of $1100 psf, there are many buyers anxiously wanting to get hold a resale apartment unit in District 12 & 13. They believe that the property prices in District …