Singapore Property and Real Estate News Portal

THERE were some errors in our report, River Valley condo Luma relaunches with prices halved (BT, Nov 14).
The condominium is located at River Valley Grove and not St Thomas Walk. The number of units sold earlier was not 10, but six.
BT also understands that the developer, Novelty Group, purchased the site for around $27 [...]

Posted on November 17th, 2008 under Singapore News | . Tags: asia economy, Banking, Business times, central, city, Clarification, condo, condo for sale, Correction, developer, district 10, district 9, Economy, Financial, Fiscal Year, Growth, inflation, Investment, Investments, land sales, landed property, Luma, Markets, Monetary, new launch property, new project launch, Novelty Group, Orchard, Performance, prime district, private property, projects, property market, real estate, real estate agent, real estate investment, residential, river valley, shares, Singapore, singapore business, singapore economy, singapore growth, singapore investment, singapore news, Singapore Property, Southeast Asia, St Thomas Walk, stock market, town, world economy, world news, world trade. Comments: 2

HONG KONG - Hong Kong is heading for a record HK$80 billion (US$10.3 billion) budget deficit for 2008/09 after offering tax concessions and handouts and as a weakening economy depresses public revenues, Deloitte forecast on Thursday.
Analysts say Hong Kong’s economy is heading for recession within the next six months, after four years of robust growth [...]

Posted on November 15th, 2008 under Singapore News | . Tags: asia economy, developer, Hong Kong, Investments, new project launch, price rise, private property, Property, property market, real estate, world economy, world news. Comments: None

Prices have been slashed by half at Luma, a 75-unit freehold luxury
condominium at River Valley Grove.
Relaunching this weekend, units at Luma are being offered at $1,450 per
square foot, down almost 50 per cent from $2,800 psf when it was first
launched last year.
About 10 units had been sold, mainly in Dubai and Hong Kong.
SISV-Realink data shows [...]

Posted on November 15th, 2008 under Singapore News | . Tags: central, city, district 10, district 9, Luma, new project launch, Orchard, prime district, private property, projects, Property, real estate agent, residential, river valley, Singapore, singapore economy, singapore news, town, world economy, world news. Comments: None

Houses at Cornwall Gardens Road monitored for cracks
By Lynda Hong, Channel NewsAsia | Posted: 30 May 2008 1733 hrs
SINGAPORE : Channel NewsAsia understands that the Land Transport Authority (LTA) is monitoring some cracks in the houses at Cornwall Gardens Road, where there was a big cave-in last week.
Contractors are doing minor works to ensure [...]

Posted on May 30th, 2008 under Real Estate News, Singapore News | . Tags: landed property, private property, Singapore Property. Comments: None

Private property prices up 3.7% in first quarter
Posted: 25 April 2008 1324 hrs
SINGAPORE: Prices of private residential properties increased by 3.7% in the first quarter of this year from the last quarter of 2007.
Analysts said this could be due to the price discounts offered by developers for some units in the suburban areas.
Dr Chua [...]

Posted on April 25th, 2008 under Real Estate News, Singapore News | . Tags: private property, real estate, real estate investment, residential, Singapore Property. Comments: None

KSH Holdings clinches S$126.8m deal to build condo at Sentosa Cove
By Rachel Kelly, Channel NewsAsia | Posted: 17 April 2008 1610 hrs
SINGAPORE : Construction and property developer KSH Holdings has secured a S$126.8 million contract to build a condominium development at Singapore’s Sentosa Cove.
The contract is the first of its kind to be awarded by [...]

Posted on April 17th, 2008 under Real Estate News, Singapore News | . Tags: developer, land sales, private property, property market, real estate, real estate investment, Singapore Property. Comments: None