Property News & Market Trends

Land Parcel B at Handy Road

The Urban Redevelopment Authorities has launched the sale of Land Parcel B at Handy road. Land Parcel B at Handy Road was previously transferred from the Reserve list to the Confirmed list of the Government Land sales Programmed. This was officially announced on the 21 of December last year. This land parcel has a fantastic location. It is not only situated within the prime residential district at Mount Sophia. Shopping and entertainment amenities such as Plaza Singapura, The Atrium @ Orchard and The Cathay are just a stone throw away. It would also be a very attractive residence for those looking for a luxurious life as Land Parcel B at Handy Road is located within the heart of the City between Orchard Road, Singapore’s premier shopping street and Bras Basah,Bugis which is also known as the art, culture and entertainment hub. Today, the Civic District is home to many architecturally significant buildings which include Victoria Theatre & Concert Hall, Singapore Art Museum, National Museum of Singapore and Esplanade - Theatres on the Bay. This provides future residents with a variety of pleasure and lifestyle opportunities. There are other amenities like the convenience of transport and the accessibility of the land parcel which would attract future residence as it is diagonally opposite the Dhoby Ghaut Interchange Station, which would provide easy access to the North-East Line, the North-South Line and the upcoming Circle Line.

This Land Parcel has a site area of around 0.36ha and can generate a maximum permissible gross floor area of around 10,034sqm.A few ongoing developments nearby Land Parcel B are the National Library, the National museum of Singapore, Singapore Management University and the upcoming Arts school. Whether the site will be used entirely for residential use or whether it will be used for residential use with complementary commercial uses at the first storey, the Urban Redevelopment Authorities will leave it to the successful bidder. The height of the building however cannot exceed 38m above mean sea level. Land parcel B is on tender for 8 weeks. It will officially end on the 28 of March at 12 noon. The selection of the successful bidder will be based on only one factor which is the tendered price only.

More ...

	Earthquake shook properties! Yesterday was a traumatic experience for many.  Earthquake jots hit Singapore and with thousands were affected, at least 100 casualties and counting. No, not in Singapore, but in Indonesia, Padang. In Singapore, it was merely a wake up call. More than 200 buildings were affected. Som ... 7 Mar 2007 - Read Details
	How can one be fair to ALL owners in an enbloc sale? The recent implementation by the Ministry of Law is a good thing. But nevertheless, it will never be “fair” to all. How could it be? In an enbloc sales, the ones who benefit the least will be a disgruntled party. Sentimental reasons aside, monetary value is always the prime issue. Out of every suc ... 5 Mar 2007 - Read Details
	How to find if the property is hot! Needless to say, if you see a beeline, join them.  That's the unique Singaporean mentality.  It happened when Mac issued Kitties. It worked for Waterside and many years later, the Marina Bay Residences, followed by One Shenton.  And how can we miss the hilarious HDB queue-for-nothing ... 2 Mar 2007 - Read Details
	Will Stock market crashes affect Property markets? Dow Jones had its biggest loss since Sept 11 - a whopping 3% in just one day!Shanghai followed suit, with a 9% drop that knock out many faint-hearted players!Will such drastic drops affect the sensitive property markets? "Unlikely." says one analyst confidently.  He will still be looking for a ... 1 Mar 2007 - Read Details
	Is there anything we can learn from Capitaland? CapitaLand posts record profit of S$1.018 billion for FY2006 and got the record for being the very first listed Singapore Developer to cross the $1billion mark!  Congrats, Capitaland, you made us proud. So, is there any lessons or wisdom we can learn from the leading developer?Many of us ... 26 Feb 2007 - Read Details
	2007 – the Year of Ochard! The property scene in Singapore is going to enjoy a good year (2007), this is reflected by Mr Liew Mun Leong, Chief Executive of CapitaLand Ltd on his recent visit to KL. Analysts estimated that the high-end properties which have attracted foreign investors as well as expatriate executives may se ... 15 Jan 2007 - Read Details
	Bubble or Boom? You decide. Ever since the 1st parcel was put up for tender at the Marina Bay area, the sizzle never stopped. With a staggering price of S$1.2b and an estimated S$5b to be pumped in by Sands, the entire Marina Bay was brought to life in one swoop!  Thanks to the indigenous master planner from URA, a new era was ... 6 Jan 2007 - Read Details
	Tender Closing for Hotel Site at Bencoolen Street The Urban Redevelopment Authority (URA) closed the tender for the hotel site at Bencoolen Street today. The site at Bencoolen Street was launched for public tender on 28 September 2006 on a 99-year lease. The highest tender was submitted by Lasalle Lao S’pore for $73m, with Park Plaza at $60.8m i ... 4 Dec 2006 - Read Details
	Is Enbloc Sales dying? No doubt 2006 is a hot year for Enblocs, but the deals come fast & furious. What will happen in 2007? How many more Enbloc Sales can the private developers absorb? With many owners revising their prices, will developers just sit out? Mr Dillon Loi, a Principal Consultant for Real Estate Academy, w ... 4 Dec 2006 - Read Details
	Good Property take up reflects Strong Economic Fundamentals Mr Mah: "Looking at the overall situation, I know that there are launches which have not done well. If taken in totality, you will realise that the situation is nowhere near what it was in the mid-90s when speculation was rife." There is no cause for concern at this point in time as the government ... 4 Dec 2006 - Read Details