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Subscribe to this list via RSS Blog posts tagged in residential development

The Government has cut the supply of land for residential development under its biannual sales programme to the lowest since the global financial crisis — a move that analysts say signals an attempt to stabilise the market amid a rising supply glut in the pipeline.

Under the Government Land Sales (GLS) programme for the second half of the year, four sites that can yield 2,130 homes, including one executive condominium (EC) land parcel that can be developed into 520 units, will be made available under the Confirmed List, the Ministry of National Development (MND) said yesterday.

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New sites rolled out yesterday stirred excitement in the market, even as the government adopted a cautious approach to private housing in the latest land sales programme for H2 2014 to account for the twin factors of oversupply and weaker demand.
The new sites were rolled out under both confirmed and reserve lists in the residential and commercial property sectors.
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Regulatory measures taken to cool the property market have raised the purchase costs of luxury residential developments to the second-highest in the world for foreign buyers.

Singapore was second only to Hong Kong when it came to the purchase cost of new-build prime residential property.
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It's no surprise that professionals of all stripes have been making a beeline for property in Marina Bay, site of the country's new financial district.

New residential and office developments like V on Shenton that have been springing up in the vicinity are magnets for the well-heeled buyer.
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Roxy-pacific Holdings began sales at its Jade Residences condo in the Lorong Lew Lian area yesterday, and had moved close to 60 units by 6pm.

Located about 400 metres from Serangoon MRT Station, the five-storey freehold development will have 171 apartments and two shop units. As of yesterday, the group had released 80 apartments and the average price after discounts (inclusive of a 3 per cent early bird discount) works out to $1,416 per square foot (psf), Roxy-Pacific executive chairman Teo Hong Lim told The Business Times.
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Roxy-pacific Holdings began sales at its Jade Residences condo in the Lorong Lew Lian area yesterday, and had moved close to 60 units by 6pm.

Located about 400 metres from Serangoon MRT Station, the five-storey freehold development will have 171 apartments and two shop units. As of yesterday, the group had released 80 apartments and the average price after discounts (inclusive of a 3 per cent early bird discount) works out to $1,416 per square foot (psf), Roxy-Pacific executive chairman Teo Hong Lim told The Business Times.
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