Category Archives: Property Price

Suburban home prices near highs of 2007-08

Posted on 9 Oct 2009 | Comments Off on Suburban home prices near highs of 2007-08

Some mid-tier projects have topped previous peaks, figures based on URA data show
Citylights, a new condominium which incorporates conservation shophouses in its layout, is almost complete. In the left background are HDB flats along Jellicoe Road. — PHOTO: ST

HOUSE hunters: If it feels like that suburban condominium you are eyeing is just as expensive now as it was during the 2007-2008 property boom, that is because it probably is.

RELATED LINKS   SURPASSING THE PEAK

Although overall private home prices are still some 15 per cent below recent peaks, prices of mass market homes have already climbed back to the levels of early last year, right before the recession hit. Continue reading →

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10 units released, 6 sold : Seven Palms Sentosa Cove

Posted on 8 Oct 2009 | Comments Off on 10 units released, 6 sold : Seven Palms Sentosa Cove

Asking average price is about $3,300 psf or about $8.5m per unit

SC Global Developments yesterday said it is releasing about 10 of the total 41 units at its Seven Palms Sentosa Cove condo at an average price of about $3,300 psf. In absolute quantum, prices start at about $8.5 million per unit.

Imagine: Tanjong Beach on one side, a golf course adjacent to it and the South China Sea on the other side

The upscale developer recently held private previews for the first phase and has sold six of the 10 units at an average lumpsum price of about $11 million per residence. Prices of the six units sold range from about $3,100 psf to $3,400 psf.

Standard apartments in Seven Palms range from about 2,700 sq ft to 6,800 sq ft and have three to five bedrooms. Penthouses range from about 4,000 to 8,000 sq ft. The residences are housed in three four-storey high blocks formed around a square coconut grove. ‘A huge open-ended portal connects the coconut grove to the beach for physical and visual access. Under this portal is a luxuriously-appointed beach club, complete with storage for water sports equipment, a glass-walled gymnasium, and plenty of deck areas for lounging, yoga, catered events, or just doing nothing,’ SC Global said in its news release.

It will be developing the project on a 99-year leasehold plot flanked by Tanjong Beach on one side, a golf course adjacent to this and the South China Sea on the other side. Continue reading →

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Posted in Developers, Luxury Property, Property Market / Real Estate, Property Price, Sentosa Property

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