Prestigo at Innovation Place - Freehold
July 29, 2008
Prestigio at Innovation Place is a premier freehold development. Designed for clean and light industries, the 7 storey development has an office-like facade to cater for businesses who require a good corporate image.
Strategically located within the Mandai Estate, Innovation Place is linked to the city and Changi Airport by a network fo road and expressways such as the KJE andBKE. Being near to bus services and MRT stations also provides a convenient means of tranport for workers.
• Unit size from 1,432 sq ft
• Self-contained units with attached toilets
• Ample loading/unloading facilities
• Good corporate image
• Freehold
AMENITIES
• Easy access to KJE and BKE
• Near Kranji & Marsiling MRT stations
• Cafeteria at Tower 2
• Walking distance to bus-stops
PERKS
$420 less 10% discount + stamp duty absorb
REMARKS
7 best units available at high floor with best views and facing. MRT depot coming up soon.
Contact Justin at 91029456 to book your space now!
Private home prices up 0.2% in Q2, slower than earlier estimate
July 28, 2008
SINGAPORE: Prices of private homes in Singapore grew at a slower pace in the second quarter than initially projected – climbing at just 0.2 per cent against an earlier estimate of 0.4 per cent.
This is a far cry from the 3.7 per cent growth in the previous three months.
Analysts said this is the first time that final numbers have come in lower than flash estimates, suggesting that home prices are finally softening.
Mass market homes are carrying the overall price increase in the private residential property sphere as luxury home prices nudge downwards.
Prices outside the central region were up by 0.9 per cent, compared to a 0.1 per cent dip in the core central region.
Leonard Tay, director of Research, CB Richard Ellis, said: “Overall, we see a return of volume in (the) residential market in second quarter as quite encouraging.
“In the next two quarters, at least for the whole of 2008, we think volume will be sustainable and we expect transaction volumes for new home sales to finish the year at 4,000 to 5,000 units.”
In the second quarter, 70 per cent of new home sales were from the non-central areas. Colliers said Singapore’s positive mid-term prospects on the back of the completion of its two integrated resorts and Marina Bay Financial Centre will help to hold prices steady, and ensure that they do not decline by more than 3 per cent in the third quarter.
Overall, analysts said the residential property sector fared reasonably well in the first half of 2008, given the difficult external environment.
Ku Swee Yong, director of Marketing and Business Development, Savills (Singapore), said: “Transaction levels, price levels have held up pretty well. Most people have forgotten that the transaction in the first half of 2005 is similar to that of today. So it’s not as bad as what the market thinks.”
In the public housing market, resale prices continued to increase on the back of strong demand. They rose by 4.5 per cent, up from 3.7 per cent in the first quarter.
Meanwhile, office rentals went up by 6.3 per cent in the second quarter – the lowest increase in the past two years.
Analysts said they expect rents to remain flat for most of 2009 before trending downwards in 2010 to what they call more sustainable levels of S$12 to S$15 psf per month in the core business district.
In the next six to 12 months, landlords are expected to shift from profit focus to tenant retention as tenants start resisting further rental price increases.
In the industrial property sector, strong demand has pushed the average occupancy rate for factories to its highest since 2000, at 93.1 per cent. The take-up for warehouses also increased by 0.4 percentage point in the second quarter.
Despite the healthy take-up for both types of industrial space, the rental index for warehouses has remained unchanged for the quarter, while the index for factories rose by only 2.3 per cent quarter-on-quarter in the second quarter, compared to a quarter-on-quarter increase of 5.7 per cent in the first quarter.
As such, demand for industrial space is expected to remain healthy in the third quarter, but rents may only see a slight increase.
Source: Channelnewsasia.com
Public housing hots up while private cools
July 28, 2008
SINGAPORE : Prices for public housing on the resale market have risen, while those for private property have moderated for the second quarter of 2008.
According to latest official figures, there has also been little upward movement in the private property rental market.
Data for the HDB resale and rental markets based on transactions in Q2 saw HDB’s Resale Price Index (RPI) up 4.5 per cent, compared to the 3.7 per cent increase for the previous quarter.
Reflective of the interest in public housing was the rise in resale transactions, from about 6,360 cases in the first quarter to about 7,760 cases in the second quarter, an increase by about 22 per cent.
Meanwhile, subletting transactions in HDB flats increased by about 15 per cent to about 4,120 cases in the second quarter from about 3,580 cases in the first quarter.
In contrast, the private property market was a little more subdued, with home prices increasing 0.2 per cent, the third straight quarter of slower growth, signalling a definite slowing of the four-year housing boom.
Prices for non-landed properties saw a modest 0.1 per cent rise compared with 3.7 per cent in the previous quarter as prices for condominium and apartments in districts 9, 10, 11, downtown district and Sentosa fell 0.1 per cent compared to similar properties in areas outside of the region which rose between 0.7 and 0.9 per cent.
As for landed property, prices rose 0.6 per cent compared with 3.9 per cent in the previous quarter.
Indicative of the cooling in the property market are the 43,473 new units still unsold from a total supply of 67,569 uncompleted units from private housing projects.
This number includes more than 12,000 which developers have held back from launch and another 28,282 which are pending approval.
Source: Channelnewsasia.com
Singapore Property Watch - July 2008
July 20, 2008
A Singapore Real Estate Digest by Justin Ng Properties
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SINGAPORE: Office rents in Singapore are starting to show signs of peaking, said property analysts.
They noted that prime rental costs have generally increased at a far slower pace in the first half of this year, compared to 2007.
Looking ahead, they expect office rents to soften even more towards the end of 2009 and early 2010 as demand for prime space eases……………..
Singapore home sales in June up 80% from May
SINGAPORE: June was the best performing month in terms of home sales since the property market tumbled last September, according to numbers released by the Urban Redevelopment Authority (URA) on Tuesday.
Altogether, 801 private homes were sold, a jump of 80 per cent from May.
But there were also more units launched. The number of units launched in June leapt 125 per cent from May to 1,069 units, meaning that there were more unsold properties in the market……..
June’s Property Transactions
| Flat Type | Units Sold |
| 4 Room | 854 units |
| 3 Room | 628 units |
| 5 Room | 584 units |
| Condominium | 428 units |
| Apartment | 307 units |
| Executive | 192 units |
| Terrace House | 80 units |
| Semi-Detached House | 40 units |
| Executive Condominium | 39 units |
| 2 Room | 25 units |
| Detached House | 12 units |
| HUDC | 9 units |
| 1 Room | 5 units |
| Multi-generation | 2 units |
Property Trend (Based on Past 6 months Transactions)
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| HDB 5 Rooms @ Toh Guan Road | HDB 5 Rooms @ Marine Drive |
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Office rents in Singapore showing signs of peaking
July 20, 2008
SINGAPORE: Office rents in Singapore are starting to show signs of peaking, said property analysts.
They noted that prime rental costs have generally increased at a far slower pace in the first half of this year, compared to 2007.
Looking ahead, they expect office rents to soften even more towards the end of 2009 and early 2010 as demand for prime space eases.
Donald Han, managing director of Cushman & Wakefield, said: “The market is quite close to the peak, by virtue that we have seen the bulk of the expansion process by users, multinationals.”
Chua Chor Hoon, senior director of research, DTZ, said: “Rentals went up quite a lot last year – almost doubled. So there is a lot of resistance to that high level of rental, plus there is more cautiousness in the market now because of what’s happening in US and its impact on Singapore.”
Last year, Grade A office rents rose 96.5 per cent, compared to just 9.6 per cent in the first half this year.
Consultants said they expect to see more softness as some one million square feet of space may be released once major occupants complete their plans to move out.
“For banks like Standard Chartered, DBS and Citibank, you’ll probably see completion of these three portfolios in Changi Business Park in end 2009 and early 2010,” said Mr Han.
In addition, about 6.7 million square feet of space will come on-stream by 2011 and more than 60 per cent of it will be Grade A space.
While rentals for prime office space may be peaking, those for fringe locations have been increasing at a faster pace.
Ms Chua said: “The interesting thing we noticed is that for office outside the CBD, like the Harbourfront, Novena, Alexandra or Tampines, we see strong demand over there. Rental growth is slightly higher than in CBD.”
In the second quarter, rental growth for these decentralised areas was about 3 to 5 per cent.
Source: Channelnewsasia
Singapore home sales in June up 80% from May
July 20, 2008
SINGAPORE: June was the best performing month in terms of home sales since the property market tumbled last September, according to numbers released by the Urban Redevelopment Authority (URA) on Tuesday.
Altogether, 801 private homes were sold, a jump of 80 per cent from May.
But there were also more units launched. The number of units launched in June leapt 125 per cent from May to 1,069 units, meaning that there were more unsold properties in the market.
However, analysts said this would not deter developers from launching even more units in July to capitalize on the momentum, before the arrival of the Hungry Ghost month.
Colliers International expects around 1,300 units to be launched in July, as developers pre-empt the traditionally slow-moving 7th lunar month in August.
In June, most transactions occurred in the suburban regions, while prime locations saw some weakness in sales. No units valued at S$4,000 per square foot or more changed hands last month.
Nicholas Mak, director of Knight Frank, said: “The pick-up is predominantly in mid-tier mass market, because the buyers are owner occupiers. Residents in HDB estates around private condos for sale are forming the backbone of the demand.”
Tay Huey Ying, director for research and advisory at Colliers International, said: “In the current uncertain economic climate, developers are going to continue to delay launches of higher-end projects and likely to focus on mass-market tiers.”
With the suburban market being a price-sensitive one, analysts see developers continuing to employ pricing strategies.
Knight Frank’s Nicholas Mak said: “Developers must price their products quite attractively to generate sales. Any increase in prices, especially a sharp increase, will chase away buyers.”
Prices may be seen softening, but analysts say there will not be a free-fall as underlying demand will put a cap on how far prices may dip.
Source: Channelnewsasia
Landed Housing - Goodman Road for Sale (TOP 2008)
July 16, 2008
Landed Housing - Goodman Road
Give yourself an exclusive lifestyle at coveted freehold address Goodman Road. 3 storey + Basement + Attic.6 + 1 rooms. Land size 5350sqft, build in 7000 sqft.
Location: 43,43A,43B, 43C Goodman Road
Tenure: Freehold
No. of units available: 4
Unit Types Available: Bungalow
Facilities: Swimming Pool
TOP: 2008
Developer: Wah Khiaw Properties Pte Ltd
Contact Justin for factsheets and layout today!
Whitley Villas for Sale (TOP 2012)
July 16, 2008
Whitley Villas
With only 10 units, Whitley Villas reflects the essence of community living. With an impressive 5 bedrooms in your own villa, then often considered factor of comfort is well taken care of.
The villas exude modern resplendence and a statement which says that you have arrived.
Location: 115 Whitley Road
Tenure: Freehold
No. of units available: 10
Unit Types Available: 2 Clustered Bungalows/8 Semi-Detached Units
Facilities: Swimming Pool
TOP: December 2012
Developer: Fortune Properties Pte Ltd
Contact Justin for factsheets and layout today!
Signature @ Lewis for Sale (TOP 2011)
July 16, 2008
Signature @ Lewis
Situated in one of Singapore’s exclusive District 10, the 12-storey Signature At Lewis creates an undeniable presence in an area dominated by widely spaced out, affluent landed properties. Mere minutes away from Orchard Road, a jubilant mix of shopping, dining and entertainment choices await discerning individuals. Appetising food centres and upcoming MRT stations add greater convenience to daily living.
The concept of rest, relax and rejuvenate in Signature At Lewis is fully realized through the masterful juxtaposition of modern materials and tropical bliss, creating an atmosphere of leisurely living within a generous area of nature.
Location: Lewis Road
Tenure: Freehold
No. of units available: 32
Unit Types Available: 1,2,3,4,PH
Facilities: Lap pool, wading pool, massage spout pool, children’s playground, yoga deck, barbecue area, steam room, function room, gymnasium and outdoor excercise garden
TOP: December 2011
Developer: Guan Hoe Development Pte Ltd
The Florentine for Sale (TOP 2011)
July 16, 2008
The Florentine
Experience an exclusive boutique development conceptulised to meet the highest standards of today’s broad lifestyle spectrum. A modern approach to timeless elegance, The Florentine stands as an exceptional example of contemporary living at its best. Whether you are looking for the ideal family home or the perfect private space The Florentine meets your requirements, catering to your individual needs with exceptional facilities to suit your specific needs.
Location: Florence Road
Tenure: 947 years commencing from 1934
No. of units available: 34
Facilities: Swimming pool, pool deck, jacuzzi corner, children playground, gym, BBQ area
TOP: June 2011
Developer: Roxy Homes Pte Ltd
Contact Justin for factsheets and layout today!