Category Archives: Sentosa Property

Numbers confirm bounce in property’s step

Posted on 2 Oct 2009 | Comments Off on Numbers confirm bounce in property’s step

15.9% q-o-q jump in Q3 could mark the end of one of the shortest downcycles ever

Property cycles seem to be getting shorter and with sharper price swings, mirroring the trend in general economic cycles. In one of the quickest upturns in recent years, the official private home price index jumped 15.9 per cent quarter-on-quarter (q-o-q) in Q3 this year. The four quarters of price drops that preceded this mark the shortest downcycle in the past 18 years – assuming, of course, that prices do not decline in coming quarters.

The increase in Urban Redevelopment Authority’s (URA) flash estimate of its Q3 2009 private home price index was the biggest change since a 27.2 per cent increase in the index in Q1 1981.

Jones Lang LaSalle also pointed out that the turn in the index – from a 4.7 per cent q-o-q contraction registered in second quarter this year to the 15.9 per cent jump in Q3 – was the sharpest since the series began in 1975.

The unprecedented loss of confidence last year from the global financial crash and the collapse of Lehman Brothers led to the unwinding of risky investments. By Q1, investors were awash with liquidity and looking for a trusty place to park their funds. ‘Singapore real estate certainly fits the bill as a safe depository of wealth,’ observes Real Estate Developers Association of Singapore CEO Steven Choo. Continue reading →

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

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Local projects garner global accolades

Posted on 24 Sep 2009 | Comments Off on Local projects garner global accolades

Singaporean developments put up a respectable showing this year picking up regional and international awards

REAL estate companies in Singapore and the rest of Asia are now placing greater emphasis on winning awards that give their projects – as well as the developer the award-winning properties are associated with – an international stamp of quality.

Top quality: (From above onwards) The Quayside Isle Collection at Sentosa Cove, Mapletree Business City and Far East Organization’s Orchard Scotts are just some of the projects that have done Singapore proud

One of the most prestigious international awards a developer can win for his property is the FIABCI Prix d’Excellence. FIABCI is the French acronym for the International Real Estate Federation, which organises the annual Prix d’Excellence to recognise excellence in property development.

Singaporean projects put up a respectable showing this year. Orchard Scotts, by Far East Organization, came up tops in the residential category, while Newton Suites, by UOL Group, took second spot. The St Regis Singapore, by City Developments, Hong Leong Holdings and TID Pte Ltd, won in the hotel category.

Entrants are evaluated on five criteria: global concept, architecture and design, development and construction, community benefit and environmental impact, and financials and marketing. The FIABCI award is especially prized as a project has to do well in all five categories to win acclaim.

Singapore developments have performed well in the FIABCI competition over the past few years, ever since City Developments’ Republic Plaza became the first project to bag the FIABCI Prix d’Excellence overall winner prize in 1997. Other top winners over the years include Suntec City, Prudential Tower, Caribbean at Keppel Bay, the Esplanade Theatres on the Bay, 1 Moulmein Rise and One Raffles Quay. Continue reading →

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

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