Tag Archives: Hillvista

Far East nabs award for Hillvista project

Posted on 16 May 2012 | Comments Off on Far East nabs award for Hillvista project

Property developer Far East Organization has clinched the prestigious FIABCI (International Real Estate Federation) Prix D’Excellence award in the residential category for its Hillvista development (pictured).

This is the seventh time that it has won the award which recognises property developments that stand-out in various aspects, including community benefit and environmental impact, development and construction, financial and marketing, architecture and design as well as concept.

In addition, Far East is the only company in the world to have seven such awards. The developer received the latest accolade yesterday at the 63rd FIABCI World Congress held in St Petersburg, Russia.

“We believe that developers of the future should continue to raise the bar in creating even better live-work-play spaces through innovation, customer focus and commitment,” said Chng Kiong Huat, Executive Director for Development and Planning at Far East.

Hillvista is a freehold residential project located in the Hillview area. It comprises of 127 apartment units that have been designed to create a tropical and contemporary Balinese living environment.

Source : PropertyGuru – 16 May 2012

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Posted in Developers

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Home sales pace subsides

Posted on 25 Oct 2009 | Comments Off on Home sales pace subsides

For the first time in months, supply outstrips demand but supply glut is unlikely
The stock of available homes for sale is beginning to outstrip demand for the first time in months. — ST PHOTO: ALPHONSUS CHERN

A quiet period is always a good time for taking stock – and the rare breather in the housing market right now is allowing buyers to size up the state of home supply.

As the feverish pace of new home sales begins to subside following price hikes and the Government’s efforts to cool the market, the stock of available homes for sale is beginning to outstrip demand for the first time in months.

Last month, developers sold fewer units than they launched, only the second time they had done so since the property market started picking up in February this year.

The last time this happened was in July. Even then, however, the take-up rate was still almost one for one, at 96 per cent. Continue reading →

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Posted in Property Market / Real Estate

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