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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

Private home sales leapt 80% in March from February By Ng Baoying, Channel NewsAsia | Posted: 15 April 2008 2010 hrs SINGAPORE: There are signs the property market in Singapore might be making an about-turn following its muted start to the year. Figures released by the Urban Redevelopment Authority (URA) show that the number of [...]