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Happy New Year 2014!

January 2, 2014 David King Leave a comment

Dear Readers, a brand new year is here! Enjoy the new year and its blessings! More and better things are to come!

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Recent posts: Regality Singapore

Gallop Park GCB sold to Futuristic Store Fixtures boss

David Low Chor Hoon, holder of the overall Singapore EY Entrepreneur of the Year 2016, bought a old corner bungalow in Gallop Park from a retired developer. The price was at $22.888M. Based on a land area of 17,042 sqft, the price works out to be $1,343 psf. David Low, the chairman and CE of […]

GCB market lukewarm in growing optimism

The market for good class bungalows (GCBs) is lukewarm. However sales for smaller bungalows in GCB areas are on a upward trend. Good class bungalows (GCBs) are the most prestigious segment of landed property in Singapore. On the GCB front, a caveat was lodged on June 12 for the most expensive one sold this year. […]

Astrid Park GCB sold for $46M

The family that controls Hin Leong, a oil trading group, bought a bungalow in the GCB area of Queen Astrid Park, for $46M. This is the biggest purchase of such class of properties this year so far. The 2-storey house sits on a land area of 29,709 sqft, thus translating to a sold price of […]

Victoria Park Bungalow sold for S$40M

The Victoria Park Bungalow, in the prestigious GCB area, was built about 20 years agi and sits on a 999-year leasehold land of size 29,955 sqft. This translate to S$1335 psf based on land area. The 2-storey house with a basement is sitting on a regular-shaped elevated plot and said to have 5 bedrooms with […]

Far East bought GCB at King Albert Park

Far East Organisation bought a Good Class Bungalow (GCB) on a freehold site of over 39,000 square feet at 16 King Albert Park. Far East is paying S$43.8 million for 16 King Albert Park, translating to S$1,117 per square foot (psf) based on the freehold land area of 39,228 sq ft. The group’s existing four […]

First GCB on 2017 sold in Jalan Kampong Chantek

The first transaction in a Good Class Bungalow (GCB) Area this year, a bungalow along Jalan Kampong Chantek off Dunearn Road was sold for S$27.59 million — about S$1,003 per square foot (psf) based on the freehold land area of 27,504 sq ft. The property is in the Swiss Club Road GCB Area. Sited on […]

Prime Sentosa Cove Bungalow sold for just $1108 psf

IN the same week that a bungalow on Sentosa Cove was sold at a near-record price, another sale has been concluded in the waterfront housing district at what some may consider a bargain basement price for an ultra-prime locale. BT has learnt that a seafronting bungalow along Cove Drive with views of the Southern Islands […]

GCB interest steady among buyers

The number of sales of Good Class Bungalows (GCBs) remains below the level they were at before the Total Debt Servicing Ratio was imposed in mid-2013, but there remains buying interest for this rare type of property. Developer OUE said on Thursday that it is buying two GCB plots in Nassim Road for $56.58 million. […]

Eden Hall land for sale

The British government has put more of the Eden Hall land around its High Commissioner’s residence in Nassim Road up for sale, after selling off a portion in 2001. It has carved out two freehold land plots from the garden land for buyers with deep pockets interested in securing some of the plummiest land in […]

GCB deals down in Q3

NINE bungalows in Good Class Bungalow (GCB) areas were transacted at a total of nearly S$177 million in the third quarter, down from 11 deals worth S$282 million in the second. The Q3 showing was, however, ahead of the seven deals that closed for a total S$167 million in the third quarter of last year. […]

Posts from Katonghomes: Katong Homes

Woodleigh site attracts top bid of $700M

A unit of Chip Eng Seng Corp and Unique Real Estate has put in the top bid for a plum site in Woodleigh Lane. Unique Real Estate is a joint venture of Heeton Holdings and KSH Holdings units. The 99-year leasehold site launched on May 30 under the confirmed list for the first half of […]

Q1 Credit update: Mortgage loans up 20%

Credit Bureau just recently release a report on consumer credit behaviour and how people use credit balances, as well as their payment delinquency and default rates in both secured and unsecured credit facilities. Home loans are examples of secured facilities, while unsecured debt refers to loans with no collateral, like those racked up on credit […]

The Albracca in Meyer Road cashing in on the hot collective sale market

Home owners at The Albracca in Meyer Road are hoping to cash in on the hot collective sale market. The property is up for sale for about $62 million to $65 million, which works out to about $1,262 to $1,323 per sq ft per plot ratio for the 11-unit freehold development near Tanjong Rhu, located […]

HDB resale prices has fallen 11.7% from 2013 peak

The resale volume for Housing Board (HDB) flats fell by 11.6 % last month from May, with 1,753 HDB resale flats were sold last month (June), compared with 1,984 in May. At the same time, resale prices last month fell slightly, by 0.1 %, compared with May. The resale prices for the types of flats […]

Q2 Landed homes sale highest since 2012

538 landed homes were sold in the second quarter – this is the highest quarterly volume since the fourth quarter of 2012. Overall, the number of landed homes sold has increased, driven by falling prices and limited supply of landed homes. URA flash estimates released recently indicated that prices of landed residential properties fell further […]

Geylang Lor 3 to be returned to state

In a first for residential properties in Singapore, 191 private terraced houses in Geylang Lorong 3 will be returned to the state when their leases run out at the end of 2020, with no extension allowed. For the 33 home owners who are still residing there, time is running out. They will have to hand […]

112 Katong mall expecting to fetch $500M

Keppel Group has put 112 Katong, a mall in Katong/Joo Chiat area, up for sale, expecting offers around $500M. The mall, which is on a site balance of 61 years, has NLA of 207,160 sqft of retail space, plus 300 plus car park lots in the basement. The mall was first put in the market […]

Make Singapore land Great again! Courtesy of 38 Oxley Road

38 Oxley Road is the top Singapore address in the media right now. What is the big deal about centre of dispute of Singapore’s first Family? How much does this plot of land worth?

More HUDC Estates in heat for enbloc sales

After the 2 recent enbloc deals involving HUDB estates being successfully sealed, namely Rio Casa and Eunosville, two more privatised HUDC estates are in the midst of launching tenders for collective sales process. Rio Casa in Hougang sold last month for $575 million and Eunosville in Sims Avenue sold for $765 million in a deal […]

Eunosville sold enbloc at a premium

The collective sale market here is powering ahead with the sale of privatised HUDC estate Eunosville for $765 million. The price of $765 million at a premium of more than 17 per cent over the $643 million to $653 million the owners had asked for when the site was launched for tender in April. The […]

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Also acting as a "search engine" for readers for local news, relevant news about the Island of Singapore and globally will also be posted here to keep people abreast of events close to the Lion City. It includes information and updates in the waterfront residential homes under HOMES by the BAY, and also lifestyle and work matters in the same areas. If you are looking to find out more about living in Singapore or to be kept abreast of the activities around the prime locality of the Lion City, join in the mailing list. Whether you are owner, buyer, tenant, resident or realtor for Singaporean properties, if you are looking to look into market properties, call 94772121 or email to sgbayhomes@gmail.com for more details.

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Happy New Year 2014!

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