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Straits Times: Sat, Jul 28 LANDED home prices moved up a notch in the second quarter as demand for the pricey properties stayed buoyant. Values increased 0.4 per cent from the previous three months, according to the Urban Redevelopment Authority (URA) index out yesterday. Terraced homes showed the largest increase at 1.2 per cent, followed by semi-detached at 0.6 per cent, while detached homes declined by 0.4 per cent. Property consultants noted that landed home prices have outperformed those of private flats since the third quarter of 2010. Over the last seven years, prices of such homes have doubled, said Knight Frank research head Png Poh Soon. They are perceived as better investment 'given the limited supply of landed properties in land-scarce Singapore with a growing population, rising affluence of local families and influx of new wealthy citizens'. One example of the robust sector can be found at Haus@Seran- goon Garden where buyers hav

Business Times: Sat, Jul 28 RESALE prices for Housing & Development Board (HDB) flats hit a record high in the last quarter on the back of a 19 per cent jump in resale transactions. According to the latest data released by HDB, resale transactions rose from 5,892 in Q1 to 7,011 in Q2, pushing the resale price index (RPI) up 1.3 per cent, to 194.0. This is despite the release of more build-to-order (BTO) flats by the government. "With median cash over valuation (COV) prices hovering around $25,000, many home buyers may have found it affordable and timely to enter the HDB resale market instead of going for BTO flats which typically take about three years to complete," said ERA's key executive officer Eugene Lim. "This is especially true for second-time buyers where the resale levy for three-room ($30,000) and four-room ($40,000) flats is higher than the prevailing median COVs," he added. According to data provided by PropNex Rea

Business Times: Sat, Jul 28 SEVERAL large projects bagged Urban Redevelopment Authority's (URA) provisional permission (PP) in the second quarter of this year, including the two mega developments in the Marina and Rochor/Ophir Road locations by the Khazanah Nasional-Temasek Holdings tie-up, M+S Pte Ltd. A group led by GuocoLand also clinched URA's provisional approval in April for a mixed development on a site above Tanjong Pagar MRT Station that it won at a state tender in November 2010. The approved scheme comprises 98,820 sq m (or 1.06 million sq ft) gross floor area (GFA) of offices, 10,660 sq m (or 114,743 sq ft) of shops, 189 hotel rooms as well as 189 apartments. Also in April, M+S received PP for its mixed development at Ophir/Rochor Roads comprising 670 apartments, 350 hotel rooms, 64,010 sq m of offices and 4,650 sq m of retail space. In May, the consortium clinched PP for its Marina One project at Marina Way/Straits View, which will compri