Singapore Value Condos

09/11/2021

Investment activity in Singapore's real estate market almost doubled in the first half of this year to US$4.7 billion (S$6.4 billion) worth of acquisitions, up 97 per cent from a year ago.
This is according to the latest, second-quarter Asia-Pacific Capital Trends report released by Real Capital Analytics (RCA) yesterday that highlights the figure as the third-highest for Singapore, despite it being "still some distance from 2019's unusually high watermark".
More than half of the total capital inflows came from cross-border investors.

https://www.straitstimes.com/business/property/singapore-is-top-overseas-property-investment-destination-report

02/11/2021

SINGAPORE'S property auction market saw 200 listings in Q2 2021, marginally down 0.5 per cent or one less listing than that of the previous quarter, even amid heightened restrictions during parts of May and June.
Success rates, including repeat listings and excluding properties sold outside of auction, rose to 6.5 per cent quarter on quarter (q-o-q) from its 3.5 per cent in Q1 2021. The three months saw 13 properties sold for a total gross value of S$36.9 million, according to Knight Frank's report released on Tuesday. This is a 183.3 per cent rise from the previous quarter's gross sales value.

SINGAPORE'S property auction market saw 200 listings in Q2 2021, marginally down 0.5 per cent or one less listing than that of the previous quarter, even amid heightened restrictions during parts of May and June. Read more at The Business Times.

26/10/2021

UOL Group—controlled by billionaire Wee Cho Yaw—said it had sold more than half of a residential condominium project in northern Singapore launched over the weekend, reflecting robust demand in one of the world’s most expensive housing markets.

About 60% of the 448-unit The Watergardens at Canberra—the first private residential project launched in northern Singapore in over six years—were sold during the weekend launch, the company said late Sunday. Four-bedroom units were offered at below S$1.8 million ($1.3 million), while two-bedroom units were selling at about S$920,000 and three-bedroom units at less than S$1.3 million.

UOL Group—controlled by billionaire Wee Cho Yaw—said it had sold more than half of a residential condominium project in northern Singapore launched over the weekend, reflecting robust demand in one of the world’s most expensive housing markets.

19/10/2021

SINGAPORE (EDGEPROP) - On Sunday, August 29, UOL Group announced that it has achieved 60% sales at The Watergardens at Canberra on its launch weekend. Two-bedroom units, with sizes from 646 sq ft, were sold at prices starting from below $920,000 ($1,424 psf; three-bedroom units from 904 sq ft, were priced from below $1.3 million ($1,438 psf); while four-bedroom units from 1,302 sq ft were priced from below $1.8 million ($1,382 psf). (See also: The Watergardens at Canberra to ride on North Coast’s new highs)

“This is the first private development to come to the market in the northern part of Singapore in over six years,” says Jesline Goh, UOL chief investment and asset officer. “Based on what we observed, buyers are particularly attracted to the project’s strong product attributes, lush greenery as well as its proximity to Canberra MRT station and the future North Coast Innovation Corridor.”

The Watergardens saw 60% of units sold over the weekend, with average price estimated to be just below $1,500 psf

19/10/2021

SINGAPORE - Rental demand for both Housing Board and condominium units rebounded last month after tenants returned to the market as Covid-19 viewing restrictions eased.
Flash data from real estate portal SRX on Wednesday (Sept 15) showed that the rental volume for private apartments rose 6.6 per cent month on month in August to 4,907 units.
The number of HDB flats leased increased by 6 per cent to 1,842 over the same period.

SINGAPORE - Rental demand for both HDB and condominiums rebounded last month after tenants returned to the market with Covid-19 viewing restrictions eased.. Read more at straitstimes.com.

19/10/2021

SINGAPORE (THE BUSINESS TIMES) - Watten Estate Condominium in Shelford Road has been put up for collective sale via tender with a minimum price of $500 million, said marketing agent JLL.
Spanning 220,241 sq ft, the freehold elevated site is zoned residential with a gross plot ratio of 1.4 and an allowable height of up to five storeys. At the minimum price, this amounts to about $1,622 per sq ft per plot ratio (psf ppr), or $1,570 psf ppr after factoring in an additional 8 per cent bonus gross floor area and the corresponding development charge.
The property comprises 104 units of townhouses and apartments built around 1983. According to JLL, it can be redeveloped into 286 units based on the mandatory minimum average size of 100 sq m.

The property comprises 104 units of townhouses and apartments built around 1983. . Read more at straitstimes.com.