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 [...]

Economic slowdown seen putting brakes on energy efficiency drive here GREEN development in the building space is likely to take a backseat among some organisations given the economic slowdown because the benefits are not tangible in the short-term, a building consultant said. This is despite it being the ‘most ideal time’ to invest in green [...]

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 [...]

Property analysts say muted property market situation is temporary By Ng Baoying, Channel NewsAsia | Posted: 28 May 2008 2209 hrs SINGAPORE: Investors have been cautious about the property sector amid expectations that the muted residential property market will weaken further. However, some property consultants are taking a slightly more positive stance, saying that this [...]

URA closes tender bid for Choa Chu Kang site By Desmond Wong, Channel NewsAsia | Posted: 26 May 2008 2042 hrs SINGAPORE : The Urban Redevelopment Authority (URA) has closed the tender for a 53,200-square metre residential site at Choa Chu Kang Drive. The highest offer for the site was for S$116 million, which translates [...]

More land leased out to hostel tenants to meet demand from int’l students By Lee Khai Yan, Channel NewsAsia | Posted: 08 May 2008 2335 hrs SINGAPORE : International students in Singapore will soon have more housing options. With more students from overseas studying here, demand for hostels has increased. So the Singapore Land Authority [...]

New residential buildings must now meet minimum standards for energy efficiency By May Wong, Channel NewsAsia | Posted: 03 May 2008 2253 hrs SINGAPORE: New residential properties must now include basic environment-friendly features before the building plans are approved. This is a requirement introduced on 15 April by the Building and Construction Authority (BCA). Under [...]

US home prices in steeper fall Posted: 29 April 2008 2320 hrs WASHINGTON : Home prices in major US cities slumped an average of 12.7 percent year-to-year in February, a survey showed on Tuesday in a sign of even deeper troubles for the ailing housing market. The Standard & Poor’s/Case-Shiller index of prices in 20 [...]

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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 [...]