Paper stuffed in Woodlands lift landing wall; HDB says building structure, lift operation unaffected

SINGAPORE – Paper wrappers were found stuffed inside a wall at a Woodlands Housing Board block lift landing, raising concerns among some residents. A resident of Block 729 Woodlands Circle saw the wrapper exposed during renovation works and was worried about the block’s structural safety, Chinese language newspaper Shin Min Daily News reported on Saturday (Oct 20). The man, who did not wish to be named, said that paper was stuffed in a gap between the metal frame of the lift door and the wall in both the 10th and…

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Property Singapore 

URA move to cap shoebox units may lead to lower condo prices

Prices of private apartments and condominiums outside the central area may come under pressure with the Government’s move to reverse the trend of developers building more and more shoebox units, say market experts. The Urban Redevelopment Authority (URA) announced on Wednesday that it will cut the maximum number of units allowed in new private flat and condo developments outside the central area from early next year, in a bid to manage potential strains and stresses on infrastructure. The new guidelines will apply to new development applications for projects submitted on or after Jan 17…

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Asia Crowdfunding Economy Indonesia Property 

INSPIRING HOME OF THE WEEK: HOUSE BUILT FOR WELLNESS IN INDONESIA

This cube-shaped stone home built in the idyllic setting of Lombok island, Indonesia, is named “Maleo” after the region’s local bird species, and sits neatly overlooking the Jabon hills and the golden sands of Selong Belanak beach. Australian architect Mitchel Squires designed the seven-bedroom residence to make the most of the spectacular rolling-hills setting: “I was really taken by its surroundings, in fact many parts of South Lombok are fairly untouched and local villagers were watchful of the new developments. “I wanted to set the tone for properties in the area. I was conscious to design something that blended in the with the landscape…

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Maylasia Property 

6 Reason to start investing in property in Malaysia

WHILE some investors have reservations regarding entering the property market now due to concerns about economic uncertainty, speaker Dr Renesial Leong has encouraged the investors to swim against the tide In the recent StarProperty.my Forum, Leong, who is both a real estate investor and a book author, shared the reasons on why one should invest in property now in her talk titled “Why it is time you should venture into real estate”. Malaysia’s market has exceeded all expectations The bright factors in Malaysia’s market including the appreciation of Ringgit that…

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Property 

Tulip Garden sold for S$907m on fourth en bloc attempt

SINGAPORE: Tulip Garden condominium in Farrer Road has been sold for nearly S$907 million following a fourth attempt at a collective sale, with the selling price at a 20.4-per-cent premium to the original price tag. The freehold development, which was sold to Asia Radiant, is the second-largest collective sale in Singapore this year, marketing agent Colliers International announced in a news release on Thursday (Apr 12). The sale price translates to a land cost of about S$1,790 per square foot per plot ratio, said Colliers International. The owners of the development had…

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Economy Property Singapore 

Condo resale prices up 1.9% in February to surpass last peak in prices four years ago: SRX Property

SINGAPORE – Resale prices of condominiums and private apartments crossed an important mark last month by surpassing the last peak in prices seen in January 2014, according to flash estimates from SRX Property on Tuesday (March 13). Resale prices in February climbed 1.9 per cent from the previous month – higher than the 1.3 per cent month-on-month price rise seen in January, which was revised up from an earlier estimate of a 1 per cent increase. February’s resale prices were one per cent higher from the peak in January 2014 and…

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BCA Job Property Singapore 

Construction demand in Singapore to increase this year to up to $31 billion: BCA

The Building and Construction Authority (BCA) estimates that between $16 and $19 billion worth of public projects will be awarded this year.ST PHOTO: LIM YAOHUI SINGAPORE – Building firms here can expect a rise in the total value of construction contracts to be awarded this year, which is projected to be between $26 billion and $31 billion. The figure is up from the $24.5 billion last year, mostly due to an expected increase in public sector construction demand, which will make up about 60 per cent of total projected demand.…

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News Property Singapore 

Young couples: Is BTO your only housing option?

  When it comes to purchasing their first home in Singapore, most couples and newlyweds go the tried-and-tested Build-To-Order (BTO) route. But do a little homework and you will find other options available for the first-time home buyer. Apart from a BTO, you can also consider an executive condominium (EC) unit, a resale HDB flat, or even a new or resale private condominium unit. At a recent, sold-out seminar organised by property developer MCL Land, speakers Mohamed Ismail (CEO of Propnex) and Tan KT (Associate Senior Marketing Director of Huttons)…

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News Singapore 

Fewer people applying for BTO flats, continuing downward trend

Members of the public looking at a BTO flat model at the HDB Hub. (Photo: TODAY/Wee Teck Hian) SINGAPORE: Fewer people are applying for Build-to-Order (BTO) flats, continuing a downward trend in the number of applications received for the units. In November’s sales exercise, about three applications were received for every two flats, across all flat types offered. As at 5pm on Monday (Nov 20), the overall rate for three-room and bigger flats was 1.5, compared with 1.6 in August, 2.9 in May and 3.3 in February this year. More…

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Property Singapore 

En-bloc, land sales may almost double number of unsold new private homes in pipeline

SINGAPORE – Future homes from government land sale sites and collective sales could nearly double the number of private residential units in the pipeline, according to Urban Redevelopment Authority (URA) figures released on Friday (Oct 27). This potential supply of around 16,700 units – including executive condominiums – would add to the 17,178 units that have already obtained planning approval and have not yet been sold. URA noted in its report on third-quarter real estate statistics: “As en-bloc sales of existing sites have been very active over the past one…

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