Thomson MRT Line to boost property prices

By Romesh Navaratnarajah: Following the announcement of plans for the Thomson Line (TSL) project, consultants expect property prices in the north to go up. According to Alan Cheong, Research Head at Savills Singapore, residents in Seletar, Springleaf and Lentor, who are currently underserved by the public transport system, would benefit the most from the TSL.
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GCB for sale, price tag: S$106m

By Romesh Navaratnarajah: A Good Class Bungalow (GCB) at Nassim Road is on the market for a staggering S$106 million. If sold for that amount, it would be the most expensive home sold on mainland Singapore to date. Listed on PropertyGuru, the asking price for the GCB beats all previous records. The eight-bedroom house sits
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Fish House, Sentosa’s most ecofriendly property

By Romesh Navaratnarajah: Private homeowners in Singapore are now exercising greater effort to integrate the latest environmentally-friendly features into their homes, according to an article first published in The New Paper. For instance, a two-storey bungalow at Sentosa called The Fish House (pictured) has received praise for being an environmentally-friendly property. Owned by hedge fund
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Private property owners making big gains

By Romesh Navaratnarajah: Since 2009, private homeowners in Singapore have greatly benefitted from the recovery in the property market. A report by Square Foot Research revealed that owners received at least S$20.3 billion in gross profit since late 2009 based on caveats data. This explains the strong sales figure of S$60.1 billion recorded during the
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High-end market on a downward spiral?

                          by Cheryl Tay Sluggish demand for high-end homes has lowered developers’ profits of late. If this trend continues, the luxury market could eventually hit rock-bottom in the days to come. With prices of luxury homes expected to fall by 15 percent this
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Strong week for private home sales

                    By Romesh Navaratnarajah: Approximately 325 new private homes were sold over the past week, amid property launches and rock bottom interest rates. 67 units were sold at Far East Organization’s 338-unit SeaHill in West Coast Link, taking total sales to 185 units since it was
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Sentosa Cove bungalow asks a whopping S$108m

                          By Romesh Navaratnarajah: A two-storey bungalow located at Ocean Drive in Sentosa Cove (pictured) has been put up for sale at a whopping price of S$108 million, which works out to around S$9,000 psf. Multiple listings of the 103-year leasehold property were
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Loss of foreign talent affecting private property rentals

                                With a growing number of senior executives from the expatriate community leaving Singapore, some prime locations are seeing a drop in asking rentals. Based on data compiled by The PropertyGuru, the most notable fall in median asking rental prices
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GCB asking price sets new record

        Earlier this month, a sea-facing bungalow in Sentosa Cove was transacted for a record S$39 million but the property is far from being the most expensive landed home in Singapore. According to an article on AsiaOne, the costliest home for sale is said to be a five-bedroom good class bungalow (GCB)
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Little-known company offers top bid for Hillview site

      A little-known company owned by three Chinese nationals has offered the highest bid of S$243.22 million for the Hillview residential site tender that closed on 6 March 2012. Submitted by Kingsford Development Pte Ltd, the S$243.22 million bid works out to around S$638 psf ppr, well ahead of the expected bid of
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