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The Business Times  |  16 May 2013 FIVE 99-year leasehold plots released for sale by the government yesterday could yield more than 2,700 homes. FIVE 99-year leasehold plots released for sale by the government yesterday could yield more than 2,700 homes. The sites were launched by the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) as part of the Government Land Sales (GLS) programme for the first half of the year. One site, parcel B at Tampines Avenue 10, was put up for sale under the confirmed list. The remaining four plots, at Toa Payoh Lorong 6, Siglap Road, Geylang East Avenue 1 and Prince Charles Crescent (parcel B), will be made available under the reserve list. For the Tampines Avenue 10 parcel, analysts see a modest demand of three to six bidders with a winning bid in the range of $400 to $470 per square foot per plot ratio (psf ppr). The site has a maximum gross floor area (GFA) of about 515...

The Business Times  |  16 May 2013 Developer sales of private homes halved last month mainly due to a dearth of big project launches. [SINGAPORE] Developer sales of private homes halved last month to 1,375 units from the record 2,793 units in March - mainly due to a dearth of big project launches. The numbers exclude executive condos (ECs). The 1,158 private homes that developers released last month was just a third of March's 3,489 units. As a result, the ratio of units sold to units launched rose from 80 per cent in March to 119 per cent in April. Primary-market sales last month were mainly from earlier launches rather than projects released in April itself. Two of the top-three selling projects last month were also the best-sellers in March. They are Bartley Ridge (with 154 units sold in April) and D'Nest in Pasir Ris (92 units). Knight Frank spotted some evidence of price reductions from its analysis of the latest developer sales ...

The Business Times  |  14 May 2013 RECENT policies by the Singapore and Hong Kong governments to cool the growth of property prices in the first quarter of the year appear to have taken a toll on their luxury home markets, two separate reports noted yesterday. RECENT policies by the Singapore and Hong Kong governments to cool the growth of property prices in the first quarter of the year appear to have taken a toll on their luxury home markets, two separate reports noted yesterday. A Jones Lang LaSalle (JLL) report yesterday on the luxury residential market in the Asia Pacific for Q1 of 2013 showed that out of nine markets that it monitors, only Singapore and Hong Kong saw prices fall from the previous quarter. Average capital values for Singapore high-end homes fell 0.6 per cent while those for Hong Kong fell 1.1 per cent. This compares with the 8.7 per cent gain by similar Jakarta properties and the 6 per cent growth for Kuala Lumpur luxu...

The Straits Times  |  14 May 2013 Prices of luxury homes continued to rise across much of Asia in the first quarter, except in Singapore and Hong Kong, where property market cooling measures deterred buyers PRICES of luxury homes continued to rise across much of Asia in the first quarter, except in Singapore and Hong Kong, where property market cooling measures deterred buyers. The capital values of high-end residences climbed 2.2 per cent on average across nine Asian markets in the three months to March 31 from the preceding quarter, consultancy Jones Lang LaSalle (JLL) said in a report yesterday. Prices were also 6.1 per cent higher year on year on average, noted JLL, which tracked Beijing, Shanghai, Bangkok, Kuala Lumpur, Manila, Jakarta and Mumbai in addition to Singapore and Hong Kong. The luxury segment here recorded a price dip of 0.6 per cent in the first quarter from the preceding three months. High-end prices also fell...