Category Archives: Property Market / Real Estate

Record sales of ‘Mickey Mouse’ units

Posted on 7 Oct 2009 | Comments Off on Record sales of ‘Mickey Mouse’ units

412 small-format private homes sold this year; experts cite affordability

By Joyce Teo
According to CBRE Research, developers are building more small-format units – typically 500 sq ft or less in size – because these are easier to sell. — PHOTO: WWW.DESIGNATMOSPHERE.COM.SG

DEVELOPERS have sold a record 412 small-format private homes so far this year, according to a new report released yesterday by CBRE Research.

In contrast, only one such ‘Mickey Mouse’ unit was sold 14 years ago.

The increase in sales volumes for units with an area of 500 sq ft or less has intensified in recent months, and helped swell overall residential sales this year, said the report, which looked at sales volumes of such units since 1995. Continue reading →

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Ho Bee prices Trilight at $1,650 psf

Posted on 7 Oct 2009 | Comments Off on Ho Bee prices Trilight at $1,650 psf

Far East sells 12 units at Alba in Cairnhill at average $2,300 psf

HO Bee Investment will preview its Trilight condo at Newton Road this week at an average price of about $1,650 per sq ft, the group’s chairman and CEO Chua Thian Poh told BT yesterday.

Ho Bee will not offer an interest absorption scheme (IAS) for the 30-storey freehold condominium project, located on the highest point in the Newton area.

The $1,650 psf average price will be for an initial batch of 60 units. The condo will have a total 205 units, up from 152 planned initially. The increase results from Ho Bee’s decision to introduce two-bedroom units and reduce the number of four-bedders. Previously Trilight had only three- and four-bedroom apartments.

The latest scheme comprises 104 two-bedroom units ranging from 1,109 to 1,227 sq ft; 74 three-bedders in two sizes (2,099 and 2,110 sq ft) and 24 four-bedroom apartments of 2,336 sq ft. Trilight will have three penthouses – two units of 5,200 sq ft and one of 5,800 sq ft.

The typical two-bedder will cost under $2 million. CB Richard Ellis and DTZ will market the project. Continue reading →

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Posted in Developers, New Launches, Property Market / Real Estate, Property Price

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