Balmoral Gardens launched for en bloc sale, owners expect over $92m

Balmoral Gardens, a 40-unit freehold condominium near Orchard Road, has joined the collective sales frenzy today (17 January), with owners expecting offers of more than $92 million. According to sole marketing agent Huttons Asia, all residents…

Singapore falls to 8th most expensive place in Asia to rent mid-market homes

Singapore has continued to slip down the list of the most expensive location for rental accommodation in Asia as it settled in the eighth place, down one notch from last year, revealed a survey by ECA International. Notably, the city-state was…

Private home sales hit 4-year high in 2017

Home sales in Singapore surged to 10,682 units for the whole of 2017. Private home sales in Singapore surged 34 percent to 10,682 units for the whole of 2017 compared to 7,972 units during the previous year, according to initial estimates from…

Dunearn Gardens up for en bloc sale

The freehold site is located close to Newton MRT station. (Photo: Knight Frank) Dunearn Gardens, a freehold high-rise residential redevelopment site off Newton Road, has been put up for en bloc sale, with the owners expecting offers above their…

3 questions to ask before buying your second residential property

Nearly 30% of Singaporeans own more than one residential property, according to the Singapore Business Review. Yes, you can quote me to your hesitant spouse. While owning a second property is not uncommon, the questions “is it really necessary?”…

Singapore’s GDP to grow slower this year

The weak construction sector is expected to drag Singapore’s real GDP growth at a slower pace of three percent in 2018 from last year’s 3.5 percent, reported Singapore Business Review citing BMI Research. The construction industry…

Overly optimistic bids may derail property market rebound

While the property market is expected to head for a rebound, analysts believe the optimism surrounding Singapore’s property market may lead to market instability, reported Singapore Business Review. This comes as the intense competition…

Despite lower earnings, Lian Beng upbeat on property outlook

Singapore-listed Lian Beng Group’s net profit declined by 33.7 percent year-on-year to $12.19 million during the first half ended 30 November 2017 (1H FY2018), revealed an SGX filing on Friday (12 January). Over the same period, the Grade…

BCA sees steady improvement in construction market

With the rescheduling of “a few major public sector infrastructure projects”, total construction contracts awarded last year fell below expectations at $24.5 billion, reported Channel News Asia citing preliminary estimates from the…

Park West condo sold en bloc for $840.89m

Third time’s a charm. The owners of Park West have finally succeeded in selling the condominium via collective sale after two previous attempts which ended in failure. According to an SGX filing on Thursday (11 January), the residents…