Property news summary: 16th to 31st Oct 2011

1) Property Market Activities

New private home sales hit high for year (ST, 18 October 11)
New private home sales rocketed to 1,621 units in September, 21% more than that in August. Suburban homes continue to drive market activity. In particular, Sim Lian’s A Treasure Trove, located near Punggol MRTstation, sold 683 units in September at an average price of $915 psf. Other mass market projects such as EuHabitat and the Boathouse Residences also saw healthy sale figures.

Singapore Private Residential Market as at 3Q2011

By OrangeTee Research & Consultancy

Private Residential Market

Overall price index at new historical high albeit on declining growth rate

Overall price growth falls for the 8th consecutive quarter
The overall private residential property price index increased by 1.3% in 3Q2011, compared with 2.0% growth in 2Q2011, according to URA’s latest statistics. Though the index is now at a new historical high, the 3Q number marks the 8th consecutive quarters of slower price growth. By property type, prices of landed property continues to lead growth for 7th consecutive quarter. Landed property prices increased by 2.4% whilst non-landed property prices achieved only 1.3% growth in the quarter. Within the non-landed property segment, price growth in the Outside Central Region(OCR) took the lead with 2.1%, followed by the Rest of Central Region(RCR) at 1.2% and the Core Central Region(CCR) at 0.7%.

Client Testimonial

Our experience with Jack has been very very positive. He was recommended to us when we wanted to rent out our apartment. We were very happy with his service and the result and so when we decided to sell the apartment, our obvious choice was Jack.

Once again, he was able to achieve the desired result within a surprisingly short period of time. What sets him apart, other than the friendly and professional service, is that he is always willing to go the extra mile to advise and assist us in whatever way he can. We are happy and repeat customers….no doubt about that!

—

By Lua Chiew Leong
Senior Vice President
Corporate Development
ST Logistics

See more client testimonials here.

New look

Finally found the time to refresh the site with a new look and added in some resources for buyers and sellers.

There are still some stuff that I want to add and I will be doing so over the next couple of weeks.

For sale: 4 bedroom unit in Leonie Towers (D09)

This is a very rare & spacious maisonette in prime district 9. Its superb location allows you to take a stroll to Great World City, Takashimaya, Orchard ION.

4 big rooms + 1 large helper’s room + big balcony and yard. All bedrooms ensuite. Spacious living!

Quiet & peaceful patio faces greenery. Complete privacy.

Size: 2,938sqft

Price: SGD$4.7million (price reduced!!)

See exact location here.

Sale with tenancy – tenancy expires Apr 2013.

Call Jack @ +65-9337-8483 to arrange for viewing now!

For sale: 3 bedroom in Parc Palais (D21)

This is a cosy unit (low floor lovers take note!) tucked in a peaceful corner in Parc Palais.

The owner has taken very good care of the house and the unit is ready to welcome its next owner anytime.

This condo is only 5 minutes drive away from BKE/PIE. Connectivity will be boosted when Hillview MRT is up and running in 2015. Secure the unit now before prices appreciates!

See exact location here.

Size: 969sqft

For sale @ only SGD$998k!

Property news summary: 1st to 16th Oct 2011

1) Property Market Activities

Mass-market condo prices rise again in Q3 (BT, 4 October 11)
Prices of HDB resale flats and mass-market private condominiums climbed in 3Q2011. URA estimates showed that the overall private home price index rose 1.3% QoQ in 3Q2011, slower than the 2% QoQ increase in 2Q2011.

Nine units sold in Hijauan on Cavenagh (BT, 4 October 11)
Selangor Dredging Berhad (SDB) has sold nine apartments in its 41-unit Hijauan on Cavenagh over the past two weeks. Eight units were sold to Malaysian buyers and one was bought by a Singaporean purchaser. SDB bought the site for $42.4mil in July 2010 in a collective sale. The apartments at the high-end freehold project are priced from $2,200-2,500 psf.