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

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 technology because [...]

Posted on November 15th, 2008 under Singapore News | . Tags: central, city, developer, district 10, district 9, Environment, Green, Investment, new project launch, prime district, projects, Property, property market, real estate, real estate investment, residential, Singapore, singapore growth, town, world economy, world news, world trade. 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

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 situation [...]

Posted on May 28th, 2008 under Real Estate News, Singapore News | . Tags: property market, real estate, real estate investment, residential, Singapore Property. Comments: None

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 to S$203 [...]

Posted on May 26th, 2008 under Real Estate News, Singapore News | . Tags: land sales, real estate, residential. Comments: None

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 (SLA) doubled [...]

Posted on May 8th, 2008 under Real Estate News, Singapore News | . Tags: real estate, residential, Singapore Property. Comments: None

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 the new guidelines, [...]

Posted on May 3rd, 2008 under Real Estate News, Singapore News | . Tags: real estate, real estate investment, residential, Singapore Property. Comments: None

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 major cities [...]

Posted on April 29th, 2008 under Real Estate News, World News | . Tags: property market, real estate, residential. Comments: None

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Posted on April 28th, 2008 under Singapore Condo Project | . Tags: condo, projects, real estate, residential, Singapore Property. Comments: None