Tag Archives: Singapore Property

Hundred Trees sells another 116 units

Posted on 29 Sep 2009 | Comments Off on Hundred Trees sells another 116 units

Almost 80 per cent of the units in Hundred Trees have been snapped up ahead of the condo’s formal launch this weekened

WEEKEND buyers again flocked to one of the most popular recent mass market condominium launches, though the frenzied pace of selling of late last week appeared to have slowed slightly.

City Developments (CDL) said it had sold another 116 units at the weekend preview of its latest condo project Hundred Trees, bringing total sales to 316 units.

That is nearly 80 per cent of the development, or more than 90 per cent of the 350 launched units. The condo, which sits on the 267,598 sq ft former Hong Leong Garden condo site in West Coast Drive, has 396 units.

The average price achieved is about $910 per sq ft (psf), up from the initial price of $895 psf for the first 151 units sold, the developer said yesterday.

There was a ’slight adjustment of 1 to 2 per cent increase in price’ for the subsequent phases, it said. Continue reading →

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

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Keeping cool in the heat

Posted on 28 Sep 2009 | Comments Off on Keeping cool in the heat

Are the recent measures by the government to cool the property market appropriate and effective?

Pauline Goh
Managing Director
CB Richard Ellis Singapore

THE measures are aimed at cooling the market by lowering demand and increasing supply. On the demand side, the removal of the special payment schemes will effectively encourage homebuyers to reassess their cashflow position carefully before they make purchase commitments. Those who have sufficient funds only for the upfront 20 per cent downpayment and are relying on the future sale of their existing homes to help finance their new purchases may now be encouraged to hold back on newly launched projects and possibly look instead to the secondary market including projects that are close to TOP.

On the supply side, the re-introduction of the confirmed list back into the government land sales programme will provide better visibility to the market on the pipeline of future supply.

These measures should help to moderate, to more sustainable levels, the current sales momentum which has escalated since March and looks set to easily exceed the record volume of 14,811 units in 2007.

Laura Deal
Executive Director
The American Chamber of Commerce in Singapore

THE American Chamber of Commerce in Singapore just conducted its eighth annual Business Outlook Survey of US businesses across Asean. As part of this survey, companies rate their satisfaction level with aspects of the business environment of the country in which they operate. Continue reading →

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Posted in Property Market / Real Estate

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