Philip Chua Business Blog

Posts Tagged ‘condominium’

A one-day preview at the upmarket Marina Bay Suites development saw invited buyers snap up most of the 90 units released for sale at average prices ranging from $2,200 to $2,500 per sq ft (psf).
At least 81 units were bought yesterday at the 99-year leasehold, 221-unit condominium in Marina Bay, whose launch had been delayed by almost two years, said a spokesman for Raffles Quay Asset Management, … more

(SINGAPORE) A company which was marketing ’shares’ in condominium units just a few weeks back has adopted a new tack, and is now putting apart-ments up for tender.
Following a model similar to that of an unlisted property trust, Primespace Investments Pte Ltd initially promoted ‘fractional ownership’ in two studio apartments, one at One-North Residences and another at One Shenton.
As BT reported … more

SINGAPORE may still be mired in recession, but tell that to the home hunters who are flocking to the latest launches.

In the east, a new 297-unit condominium development on the doorstep of Tanah Merah MRT station completely sold out in the three days that followed its preview last Thursday.

Units at Optima went for an average price of around $810 per sq ft, or from $470,000 to $2.06million per… more

TWO 99-year-leasehold condominium projects next to MRT stations are slated to be previewed next week – Far East Organization’s Centro Residences next to Ang Mo Kio Hub and TID’s Optima@Tanah Merah.
Prices at the 34-storey Centro Residences are tipped to start from $1,150 per square foot (psf). Far East bought the site at a state tender in September 2007 for $601 psf per plot ratio. That was a reco… more

SALES of new condominium projects continued at a robust pace last weekend, despite some developers starting to test the market with slightly higher prices.
Buyers picked up 120 units at Waterfront Key in Bedok Reservoir at an average price of $735 per sq ft (psf), even though that price is higher than that at the neighbouring Waterfront Waves condo, where units are going at $700 psf on average.
Bo… more

ALL 210 owners at the Horizon Towers condominium will get a share of a $1.88 million sum which is the bank interest earned on a $50 million deposit from the estate’s failed collective sale.

FROM PILLAR TO POST

‘We cannot lose sight of the fact that the non-appealing parties together have (with the appellants) been literally driven … more

DEMAND for new private property developments remains strong, judging by the interest generated at two previews held over the weekend.

At high-end condominium Ascentia Sky’s preview for selected clientele, over 90 per cent of the 80 units released were snapped up for as much as $1,250 per sq ft (psf), according to developer Wing Tai’s spokesman.

‘We received strong public demand at the launch,’… more