It wasn’t too long ago when the old estate of Dakota Crescent was still a familiar name among the older generations of Singaporean. Today, the crowd is gone. The residents have left for their new homes after the estate was chosen for the Selective Enbloc Redevelopment Scheme. What’s left behind are the dilapidated blocks of flats, empty playgrounds and sounds of silence from the past. An important part of Singapore’s […]
The Business Times reported today that Oxley is close to acquiring Chevron House in Raffles Place for S$660 mil, or S$2,526 psf on its net lettable area of 261,280 sq ft. Is this another shrewd move by Oxley? Or is Oxley overpaying for an old asset? Chevron House is a 32-storey building with 215,667 sq ft of offices (from level 6 to 32) and 45,613 sq ft of retail space […]
It is always challenging to come out with a research that relies heavily on assumptions. Such reports can open up many questions on the underlying assumptions and data that support such assumptions. SPK reads the article published in the Business Times today, titled “Developers in two main camps over how much to bid for land”, with much interest. Without the benefit of reading the full report from JLL, […]
The Straits Times reported that Russian tycoon – Mr Sergey Vbornov is suing the developer of Eden Residences Capitol Singapore (a JV between Perennial and Pontiac) for the return of more than S$10 million that he paid for a 314 sqm unit in the project. He claims that the unit is “unfit for habitation and does not comply with the promised luxury standard”, nor did it live up to the […]
It was probably 3rd time unlucky for the owners of Jalan Besar Plaza. The Business Times reported that no bids were received for the property at the close of the enbloc tender on 10th November 2017. However, there was an expression of interest from a developer to purchase the property. An attempt that is doomed to fail from the start? It is probably no rocket science to guess why there […]
It was reported in the Sunday Times this morning that a piece of concrete fell 40 storeys from the roof of a Design, Build and Sell Scheme (DBSS) project – Trivelis in Clementi and landed on the playground below. The incident happened last Thursday. Thankfully, nobody was injured in this incident. Interesting (Amusing) comments from various parties on the incident It was a very unfortunate incident, but […]
Vista Park owners have jumped on the enbloc bandwagon and launch the tender for enbloc sale today. Vista Park sits on a big plot of rectangular-shaped land with an area of 319,250 sq ft. The site has a plot ratio of 1.4 and height limit of up to 5 storeys. Maximum potential plot ratio (before bonus) would be around 446,951 sq ft. The site has a remaining leasehold of 61 […]
URA released the latest October data on prices of private residential units sold by developers. No major surprises from the headline data, but let’s put on our analysis hat and dig deeper to gather further insights from the data! Developers’ housing stocks are clearing up at a very rapid pace In October, developers sold some 969 new private residential homes and executive condominiums (ECs), an increase of 7 […]
It is reported in the Business Times and the Straits Times today that with immediate effect, potential buyers, interested parties, developers or real estate agencies acting on behalf collective sales committee are required to consult the Land Transport Authority (LTA) and submit a Pre-application Feasibility Study (PAFS) on traffic impact to ascertain the number of units they can build, before submitting an Outline Application or Development Application to URA for […]
Singapore’s Property Market Is Set to Sizzle What an attention-grabbing headline from Bloomberg. How do you feel after reading the headline? As a homeowner, you may be feeling good that you are sitting on a property that looks set to increase in value the next year. As a home seeker, you may be rushing to hunt down your dream home before prices are set to increase. Yes, that is the […]