Hong Leong says timing and sensitive pricing among main factors for the positive response The Hong Leong group sold 60.3 per cent of its Penrose condominium over its launch weekend, with the reception among buyers in line with recent data showing bullish new home sales defying the ongoing coronavirus pandemic. As of 5pm yesterday, 341[…]
Analysts cite attractively priced launches, pent-up demand among reasons for increase Hungry ghosts were no match for hungry home buyers as new home sales jumped to an 11-month high last month, with developers selling 1,256 non-landed private homes, up 16.3 per cent from the 1,080 private homes sold in July. Year on year, sales were[…]
SINGAPORE – New home sales continued to rise for a third straight month amid a worsening economic outlook, with developers selling 1,080 non-landed private homes in July, up 8.2 per cent from 998 private homes in June. But year on year, sales were down 8.4 per cent from 1,179. More new private homes were launched[…]
SINGAPORE – The Urban Redevelopment Authority (URA) on Tuesday (June 30) launched a “dual envelope” tender of a choice site at Jalan Anak Bukit for a landmark residential and commercial development with a bus interchange to help rejuvenate the Beauty World area. The 3.2 hectare site in Upper Bukit Timah can yield 865 private housing units,[…]
SINGAPORE (THE BUSINESS TIMES) – Construction, property and engineering firm Koh Brothers Group (KBG) said it has sold 22 per cent – or 15 of the 69 units – of its freehold luxury residence Van Holland as of Wednesday (June 24). This includes the 10 units moved during the Holland Village condo’s launch weekend in January.[…]
SINGAPORE – Sales galleries for private condominium projects reopened for the first time in over two months on Friday (June 19), but there were no large crowds as developers have adopted by-appointment-only visits. Instead of accepting walks-in, developers interviewed said home buyers have to make appointments before visiting the showflats and adhere to the five-a-group[…]
SINGAPORE – Developers in Singapore sold 486 non-landed private homes in May, up 75 per cent from 277 private homes in April, despite a full month of the circuit breaker and a weaker economic outlook underscored by layoffs and wage cuts. But May’s sales does not mean the property market is near recovery or back[…]
SINGAPORE – New private home sales plunged to a five-year low last month and are expected to remain low in May as showflat galleries stay closed and new launches are pushed back further because of the extended circuit breaker. Developers in Singapore sold 277 private homes last month, down 58 per cent from 660 homes[…]
SINGAPORE – Developers in Singapore sold 660 private homes in March, down 32 per cent from 976 in February, as launches dried up while the property market grappled with safe distancing restrictions from the coronavirus pandemic. A total of 578 new private residential units were up for sale in March, of which 101 were in[…]
SINGAPORE (THE BUSINESS TIMES) – CEL Development, a fully-owned subsidiary of mainboard-listed Chip Eng Seng Corporation, has sold 77 units at the launch of its 378-unit Kopar At Newton condo project over the weekend. The 99-year leasehold project is located off Newton Circus. CEL executive director Michael Ng said the project average price is $2,350[…]
SINGAPORE – Singapore’s new home sales in February surged more than 114 per cent from a year ago, defying the coronavirus outbreak and a looming global recession. Posting the second-strongest February sales performance in eight years, developers moved 975 private homes – up 57.3 per cent from the 620 units they sold the month before,[…]
SINGAPORE (THE BUSINESS TIMES) – Wing Tai Asia sold 70 per cent or over 360 units of its latest condominium project, The M, over the weekend, even amid the ongoing Covid-19 outbreak. Units were sold at an average price of $2,450 per sq ft. The M is the first major private residential development opened for[…]