Property News & Updates

New private home sales rebound in Nov

Sengkang Grand Residences

Sengkang Grand Residences, a 99-year leasehold condo next to Buangkok MRT station, Out of 280 units offered at its launch last month, 235 units was sold.

Sales of new private homes picked up strongly last month despite the start of the year-end holiday period and amid a property glut, data showed yesterday.

Developers sold 1,147 units last month – excluding executive condominiums (ECs) – 23.2 per cent more than in October but 4.5 per cent fewer than in November last year.

If ECs were included, 1,168 units were sold last month, a 21.9 per cent increase from October but 3 per cent lower than a year ago, the Urban Redevelopment Authority (URA) data noted.

2 Properties Launch Bids Again To Sell En Bloc

Two properties keen to try their luck, including the long-awaited bid by Pine Grove, an Indicative of Collective-Sale Activity Starting 2019.

The 660-unit condominium in the Holland Road cluster is being launched today at a reserve price of $1.86 billion.

The price translates to a land rate of $1,307 per square foot per plot ratio (psf ppr), after factoring in differential and lease upgrade premiums, said real estate agency C&H Group yesterday.

Pine Grove had earlier raised its reserve price from $1.72 billion to $1.86 billion in a bid to secure a majority nod from owners.PHOTO: ST FILE

Pine Grove had earlier raised its reserve price from $1.72 billion to $1.86 billion in a bid to secure a majority nod from owners.

This is not the first time the estate has tried to sell en bloc.

The 893,219 sq ft, 99-year leasehold site has a gross plot ratio of 2.1.

PUBLISHED FEB 26, 2019, Source ST.

Two Freehold Sites in Bukit Timah Taken by Allgreen in a Collective Sales

Published Date: 1st Dec 2017 (Source: The Straits Times)


In recent collective sales tenders, two freehold sites in the coveted Bukit Timah area, Royalville & Crystal Tower had been acquired for S$477.94 million and S$180.65 million respectively.

Royalville comprises 55 Apartments, 38 Maisonette & 11 Shops was Completed in the Mid-1908s.

It sits on a Land Area of 16,181.5 square metres (174,176 square feet) zoned as Residential with a gross plot ratio of 1.4.

Each Individual Shop owners are expected to receive S$5.67 million to S$10.38 million, while maisonette owner will receive between S$5.42 million and S$6.64 million. Each Apartment owner is expected to receive between S$3.09 million and S$3.76 million.

A Land Rate of about S$1,960 per square foot per plot ratio ( psf ppr) for Royalville base on the Selling Price.

More Elderly Servicing Private Mortgages

Published Date: 23 Oct 2014 (Source: The Straits Times)

HDB Flat

THE number of senior home owners servicing private mortgage loans has increase in the past few years. More people are buy homes in their later part of their years for investment or planning for their children in advance.

Credit Bureau Singapore, data indicate there were around 15,506 Singaporeans and permanent residents aged 65 and above with outstanding mortgage loans from financial institutions in July 2014. This is almost triple the July 2008 figure of 5,190.

These older home owners also make up a growing proportion of all residents holding bank mortgage loans: 3.15 per cent now, up from 1.84 per cent in 2008.

URA gazettes Master Plan 2014

Published Date: 06 Jun 2014 (source: URA)

The Chief Planner has gazetted the Master Plan 2014 on 6 June 2014. The Master Plan 2014 is the statutory land use plan that guides the physical development of Singapore for the medium term.

As part of the Master Plan, all 75 heritage buildings proposed for conservation under the Draft Master Plan 2013 were also gazetted today. See Annex A for the list of buildings.

Click here for the Map view !

The gazetting of the Master Plan concludes the year-long review of the Draft Master Plan 2013, which was exhibited in November 2013 for a month at The URA Centre Atrium and URA website. During this period, the exhibition attracted some 61,000 visitors, and the website had more than 513,000 page views. The review also involved consultations with Members of Parliament, grassroots leaders, professional institutions and other stakeholders. We thank members of the public for their positive and constructive feedback.

The master plan is reviewed every 5 years and it is a guide and indication of how the Singapore Government is going to develop and make changes to our environment from now till 2018.Naturally, many property stakeholders (developers and investors alike) are very eager to study the latest master plan, so that they are able to follow the trend and catches the new wave.

Where could be the next property HotSpot?

Can Punggol New Town be Next popular region in the next 5-10years?

Punggol(source: wikipedia)

Here’s a little short recall to the history of Punggol just for the general knowledge for the younger generation.

Located in the vicinity of the Punggol Jetty, Punggol was believed to have existed 200 years ago before Sir Stamford Raffles founded Singapore. The Punggol area used to be a well-established rural district dotted with farmhouses and farm structures, which were serviced by roads and dirt tracks. It was one of the oldest settlements in Singapore. The original settlers were predominantly Malays.

The early Chinese immigrants, who settled in Punggol from the mid 19th century onwards, were engaged in plantation work, mainly rubber. As more and more Chinese immigrants settled in Punggol, poultry farming and pig rearing activities flourished. Trading on farm produce, fruits and vegetables was carried out in the marketplace at the former eighth milestone of Punggol Road. The Serangoon River mouth became the docking point for fishing boats where fishermen gathered to sell their catch.

Punggol 21-plus

In his National Day Rally speech on 19 August 2007, Prime Minister Lee Hsien Loong offered a new vision for Punggol New Town, and introduced the “Punggol 21-plus” plan to re-vitalise the town.

Under the new plan, Sungei Punggol and Sungei Serangoon, which flank the town, will be dammed up to create a freshwater lake and serve as a reservoir. A 4.2-kilometre long, 20-30-metre wide man-made waterway will run through the estate, linking both rivers. Work on it will start in 2009, and had been completed on 26 October 2011. When built, there will be recreational facilities like water sports for kayaking and canoeing, gardens and parks with jogging and cycling tracks, rooftop gardens, eateries for al-fresco dining and afloating island.

URA Future plan

(source : HDB)

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