Philip Chua Business Blog

Posts Tagged ‘developers’

CHINESE developers eager for a slice of the red-hot housing pie are nudging their way into Singapore's property scene. Chinese developers bid for at least 10 out of the 15 residential land sites put up for tender in the Government Land Sales (GLS) programme for the first half of this year. They have landed three plots and narrowly missed out with second-place bids on at least two other sites. ... more

‘A LOT of people don’t understand that you can still make a small apartment feel comfortable if you do not put in the wrong things. Space planning to me is the most important part of interior design; it is not about decoration first,’ says William Ong, executive chairman of Axis ID.
Micro apartments and shoebox units have gained currency in the past year or so as some developers have shrunk apartm… more

(SINGAPORE) DEVELOPERS will be bringing forward their property launches over the next few months to satisfy strong demand from homebuyers, said Real Estate Developers’ Association of Singapore (Redas) president Simon Cheong yesterday.
But Mr Cheong, who was speaking at Redas’ spring festival lunch, warned that many developers are now facing depleting land banks following brisk home sales in recent… more

(SINGAPORE) The number of private homes that developers launched and sold in October slowed to their lowest levels since housing sales began their revival in February, according to latest official figures. While the outcome was expected, the big question is how long it will take for home sales to rev up again.
Buyers, especially in the price-sensitive mass-market segment, had begun to be fatigued … more

Volumes may be as high, but units sold this year are smaller and less expensive
(SINGAPORE) Numbers tell only half the story. While developers are heading towards the record number of private homes sold in 2007, CB Richard Ellis says that the total transaction value of primary market sales in 2009 so far – at about $11.2 billion – is only about half the $23 billion worth of new homes sold in the p… more

(SINGAPORE) The result of yesterday’s tender for a plum condo plot at Dakota Crescent shows just why the government recently raised the ‘definite possibility’ that it will restart confirmed list land sales from next year.
A total of 13 bids were received, reflecting developers’ voracious appetite for mass-market and mid-tier private housing land.
The top bid from UOL Group was above market expecta… more