Singapore New Launch Property
Share this Website
  • Home

January 30th, 2015

30/1/2015

 

October 18th, 2013

18/10/2013

 
  • New private home sales rose in the month of September 2013 as developers sold 1,246 private homes, excluding executive condominiums (ECs), up 68% from the 742 units sold in August. Including ECs, which are a public-private housing hybrid, developers found buyers for 1,658 homes reflecting a rise of 13% from the August’s figure of 1,468 units.
  • “The sustained buying activity shows that buying confidence in new private property segment generally remains healthy. September saw a surge in the total of new private homes sold (compared Q-o-Q) mainly due to the attractiveness of these new projects, namely SkyVue and Thomson Tree that are sold in that month. Moreover, these are large projects which offer over 200 units for sale. It was also noted that their strategic location, within walking distance to the MRT, right psf pricing with the right quantum as the main contributing factors for the overwhelming demand", said Mr Mohd Ismail, CEO of PropNex Realty.
  • Where do you think the private residential trend will be heading?
  • For know more, visit
http://www.propnex.com/mediareleasedetails.aspx?PressID=221

Singapore Land sales jump-started in Q1

30/4/2012

 
Earnings was up 41% y-o-y, mainly led by additional units sold at The Trizon.

Here's from CIMB:

1Q12 earnings are slightly above at 26%/29% of consensus and our FY12 estimates on stronger sales at The Trizon but weaker 2Q/3Q12 hotel revenue on Hotel Pan Pacific’s closure. Maintain estimates (2Q/3Q to be less strong), Outperform and target price (45% disc to RNAV).


1Q12 earnings boosted by The Trizon


1Q12 revenue was up 41% yoy, mainly led by additional units sold at The Trizon and higher sales recognition. Based on URA data, take-up was 84%. Completion is expected in May 12.


FY12 should be supported by The Trizon and the recognition of presales at Archipelago (50% JV with UOL) as construction progresses. Estimated take-up at Archipelago was 47% at end-Mar 12, with 93 units sold from the 100 units launched in March.


Management expects the mass market to stay stable. FY12 hotel revenue (1Q12: +4% yoy) will be set back by the closure of Pan Pacific Hotel from April to early Aug 12.


Negative reversions tapering off


Negative rental reversions continued to taper off, as gross rental income from investment properties dipped only 1% yoy (FY11: -4% yoy). While management continues to expect pressure on offices, we take comfort in the >95% occupancy for its office assets and stable office rents thus far.

Chart of the Day!!!

24/4/2012

 
Picture

UOL's Katong Regency roars at former Lion City Hotel site

24/4/2012

 
Picture
Around 70% of the 244 units have been reserved, with 130 units secured by sure-buyers.

According to a report from Maybank Kim Eng, UOL recently launched Katong Regency, the residential component of its mixed development on the site of the former Lion City Hotel. Approximately 70% of the 244 units have been booked, with around 130 units confirmed sold at an ASP of SGD1,475 to 1,727 psf.

The 244-unit freehold Katong Regency sits atop ONE KM Mall, which has a net lettable area of 210,000 sq ft. Its integration with a mall is a strong selling point, with eventual ASP estimated at SGD1,600 psf. The project is also expected to tap on the growth potential of Paya Lebar Central, a designated regional commercial hub. The breakeven for the residential component is estimated to be SGD1,145 psf, which would translate to a healthy pre- tax margin of 40%.

Riding on the sustained demand for mass market projects, UOL’s 544-unit Archipelago at Bedok Reservoir has enjoyed a pick- up in sales momentum after a relatively slow start. In 1Q12, the group sold 168 units at an ASP of around SGD1,100 psf on an estimated breakeven of SGD900 psf. As of end-March, 77% of the 350 units launched have been sold.

UOL’s latest acquisition is the SGD172m en-bloc purchase of St Patrick’s Garden off East Coast Road. Land cost for the freehold site works out to an attractive SGD817 psf ppr for UOL and the eventual breakeven is estimated at SGD1,265 psf. With units at Grand Duchess at St Patrick’s next door transacting at an average of SGD1,350 psf in the secondary market, UOL could be eyeing a launch price of SGD1,500 psf for its new project

Government land will dominate 2Q12 investment sales

24/4/2012

 
Private sector transactions should take a backseat until 3Q12 when macroeconomic concerns are less pronounced.

In a new sales and investment report, Savills Singapore said that investment transactions in 1Q12 registered just S$3.98 billion, or 48.4% lower from the previous quarter's S$7.72 billion. This weaker performance that should carry over to 2Q12 with the exception of surging GLS tenders.

Here's more from Savills Singapore:

The investment sales market is expected to remain quiet in the near term as caution reigns amid macroeconomic uncertainties. In addition, although there is ample liquidity and demand in the market, there remains a mismatch between the expectations of buyers and sellers. The next quarter is likely to be dominated by sales from the GLS Programme. Should concerns over the macro-economy begin to fade and the ‘bid-ask’ gap narrows, the second half of 2012 could see a resurgence of transactions in the private sector.

BREAKING NEWS!!! URA implements changes in Housing Developers Rules

18/4/2012

 
Picture

Katong Regency to launch on April 19

18/4/2012

 
Picture

Boon Lay Way Residential Site to be up for sale by Public Tender

18/4/2012

 
Picture

Six residential sites up for sale in April

18/4/2012

 
Picture
<<Previous

    Author

    Just sharing Property news with everyone!! Information is from all major local media.

    Archives

    January 2015
    October 2013
    April 2012

    Categories

    All
    Bishan
    Capitaland
    Ec
    Hdb
    Katong Regency
    Landlord
    Lee Theng Kiat
    Mcl
    Mei Ling Street
    Moshe Safdie
    Pasir Ris
    Public Housing
    Rental
    Residential
    Ripple Bay
    Robust
    Seastrand
    Sky Habitat
    Temasek
    Tenancy
    Tenant
    Upper Boon Keng
    Watercolours

    RSS Feed

Powered by Create your own unique website with customizable templates.