{"id":77938,"date":"2018-01-25T14:27:17","date_gmt":"2018-01-25T07:27:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-january-2018\/"},"modified":"2018-01-25T15:02:56","modified_gmt":"2018-01-25T08:02:56","slug":"news-roundup-january-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-january-2018\/","title":{"rendered":"News Roundup (January 2018)"},"content":{"rendered":"


\nOur top Singapore property stories.
\nReport:\u00a0Average home prices\u00a0could rise by 17% over 2018-2021\u00a0
\nThe prospects for the Singapore property market are bright, with investment volumes to remain strong and home prices forecast to rise, revealed a 2018 Asia Pacific Property Outlook report released by Colliers International recently.\u00a0\u00a0
\nOn the back of strong economic growth seen in 2017, property investment sales in the city-state are likely to remain robust this year.\u00a0
\nThere was a slew of transactions in 2017 which amounted to an estimated $40.2 billion, up 54 percent from the previous year. The majority (54 percent) were residential deals due to the strong demand for sites via public tender and the collective sale market. According to Colliers, this was the highest annual investment sale value since the 2007 property boom.\u00a0
\n\u201cThis positive momentum should carry into 2018, with a strong start anticipated in the residential sector,\u201d said Tricia Song, Singapore research head at Colliers International. \u201cAs at January 10, there are 11 residential collective sale tenders closing in the next five weeks, including City Towers in District 10, and four GLS (Government Land Sales) tenders due on January 30.\u201d\u00a0
\nThe property consultancy also expects private home prices to recover further due to demand from displaced sellers of collective sale projects and the large capital gains.\u00a0
\n\u201cAverage home prices may rise by 17 percent over 2018-2021, supported by higher GDP growth, falling physical completions and ongoing collective sale deals,\u201d noted Colliers. <\/p>\n

Hollandia up for collective sale\u00a0
\nThe 48-unit Hollandia residential development located at the junction of Holland Road and Queensway in District 10 was recently launched for collective sale, marketing agent Savills Singapore said.\u00a0\u00a0\u00a0\u00a0\u00a0
\nThe owners are expecting offers in the range of $163.15 million, which translates to a land rate of $1,515 psf per plot ratio.\u00a0
\nBuilt in the mid-1980s, the freehold property sits on a 53,505 sq ft site. The plot is zoned for residential use with a gross plot ratio of 1.6.\u00a0
\nSubject to approvals from the relevant authorities, the site may be redeveloped into a 12-storey project with an allowable gross floor area of 107,688 sq ft. No development charge is payable.\u00a0
\nHollandia is located close to Holland Village MRT station as well as eateries at Dempsey Hill and Holland Village.\u00a0
\n\u201cIt has been a while since a freehold redevelopment plot has been put up for sale in the Holland area,\u201d said Suzie Mok, senior director of investment sales at Savills Singapore.\u00a0
\n\u201cHollandia will draw interest as it is attractively positioned near Holland V. The widely anticipated sale of the mixed-use Government Land Sale Parcel right smack in the heart of Holland V and its forthcoming rejuvenation and transformation will be a key catalyst and potential booster of real estate values in the vicinity,\u201d she added.\u00a0
\nThe tender for Hollandia will close on 28 February. <\/p>\n

S\u2019pore start-up launches tiny homes\u00a0
\nLocal start-up Big Tiny has come up with an innovative idea of building small homes on wheels, which it plans to install in rural areas with breathtaking scenery.\u00a0
\nAt nearly the size of a shipping container, these homes can accommodate up to four persons and\u00a0has\u00a0a\u00a0length of 4.8, 6.0 or 7.2 metres.\u00a0
\nHowever, these houses are not yet available in Singapore. These will be initially installed in Australia, close to the Blue Mountains or Mornington Peninsula. Currently, the firm has two units down under, but plans to increase the number to 50 units by end-2018. It also intends to expand into New Zealand.\u00a0
\n\u201cTiny house is part of an international movement where people are downsizing their houses to simplify their lives\u201d and reduce resource consumption, said Adrian Chia, who founded the firm with his friends Jeff Yeo and Dave Ng.\u00a0
\nThese units will be listed on Airbnb by February, with rents ranging from $150 to $250, under a profit sharing scheme with land owners, particularly farmers.\u00a0
\nMade from metal and recycled materials, each home is equipped with a bed, kitchenette and common space. It also comes with a heater and air-conditioning. Aside from having secure digital locks, each unit features a rainwater collection system and solar panels, while the waste that goes into the toilet\u00a0is turned into compost energy.\u00a0
\nEach unit, which costs around $80,000 to build, can generally withstand\u00a0bad weather\u00a0and can last up to 20 years. <\/p>\n

New Futura condo sells 18 units at average price of $3,200 psf\u00a0
\nNew Futura, City Development Limited\u2019s (CDL) luxury condominium project at Leonie Hill Road, received positive response from buyers, with 18 units sold at an average price of $3,200 psf during its first day of launch on 18 January.\u00a0
\nCDL revealed that only 25 units were released during the private viewing, while the units sold comprised two, three and four-bedroom units.\u00a0
\nIt noted that a third of the buyers were Singaporeans, while two-thirds were Singapore permanent residents and foreigners.\u00a0
\nJust a 10-minute walk to Orchard Road, the freehold development is nestled on an 87,000 sq ft site, featuring 124 residential units as well as 253 carpark lots, including 30 supercar lots.\u00a0
\nCDL acquired the site in a collective sale for $287.3 million in 2006, which works out to a land rate of $1,179 psf.\u00a0
\n\u201cGiven the scarcity of brand new developments in the area, we are confident that New Futura will continue to attract savvy buyers looking for luxury living in the heart of town with\u00a0good investment\u00a0potential,\u201d said a CDL spokesperson. <\/p>\n

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\u00a0<\/p>\n

\u00a0
\nThis article was first published in the print version PropertyGuru News & Views. Download PDFs of full print issues or read more stories now!<\/p>\n


\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…News Roundup (January 2018)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Our top Singapore property stories. Report:\u00a0Average home prices\u00a0could rise by 17% over 2018-2021\u00a0 The prospects...<\/p>\n","protected":false},"author":1,"featured_media":77939,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-77938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/01\/New-Futura-resized-816x1024.jpg?fit=816%2C1024&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-kh4","jetpack-related-posts":[{"id":76200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/report-average-home-prices-in-singapore-could-rise-by-17-over-2018-2021\/","url_meta":{"origin":77938,"position":0},"title":"Report: Average home prices in Singapore could rise by 17% over 2018-2021","date":"January 10, 2018","format":false,"excerpt":"\r Investment volumes to remain strong for Singapore, while home prices are forecast to rise. The prospects for the Singapore property market are bright, with investment volumes to remain strong and home prices forecast to rise, revealed a 2018 Asia Pacific Property Outlook report released by Colliers International on Wednesday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107001,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/success-rate-at-auction-remains-low-despite-surge-in-listings\/","url_meta":{"origin":77938,"position":1},"title":"Success Rate At Auction Remains Low Despite Surge In Listings","date":"May 10, 2019","format":false,"excerpt":"\r More properties are being listed at auctions, but success rates remain low \u2013 here\u2019s why.\u00a0 Despite the hike in the number of properties listed for auction in the first quarter of 2019, the probability of having the properties sold fell to dismal lows, reported Singapore Business Review. Knight Frank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94033,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-real-estate-investment-market-active-in-q2-colliers\/","url_meta":{"origin":77938,"position":2},"title":"Singapore real estate investment market active in Q2: Colliers","date":"July 17, 2018","format":false,"excerpt":"\r Singapore\u2019s property investment market was active in the second quarter, with residential sites offered under the Government Land Sales (GLS) programme and existing private condominiums launched for collective sales by unit owners attracting robust demand from both local and foreign developers, according to a new report from Colliers International.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115634,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-investment-sales-to-grow-5-per-annum-in-2019-2024\/","url_meta":{"origin":77938,"position":3},"title":"Singapore investment sales to grow 5% per annum in 2019-2024","date":"April 15, 2020","format":false,"excerpt":"\r Property investment sales in Singapore is projected to grow 5% per year in the longer term over 2019 to 2024 even as this year\u2019s sales is expected to drop 24% year-on-year, revealed a Colliers International report. The Ministry of Trade and Industry\u2019s (MTI) advance estimates showed that the city-state\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-soared-in-2017\/","url_meta":{"origin":77938,"position":4},"title":"Residential investment sales soared in 2017","date":"February 7, 2018","format":false,"excerpt":"\r Singapore investment sales surged by 119 percent to $21.7 billion for the whole of 2017. Residential investment sales in Singapore rose sharply by 184 percent year-on-year to $8.3 billion last quarter and surged by 119 percent to $21.7 billion for the whole of 2017, according to a new report\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85866,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sembawang-shopping-centre-sold-to-lian-beng-joint-venture-for-248m\/","url_meta":{"origin":77938,"position":5},"title":"Sembawang Shopping Centre sold to Lian Beng joint venture for $248m","date":"April 19, 2018","format":false,"excerpt":"\r This is the largest transaction value achieved for a stand-alone retail mall with an original 999-year lease. (Photo: Colliers International) Sembawang Shopping Centre along Sembawang Road has been sold by CapitaLand Mall Trust (CMT) to a joint venture between Lian Beng Group and Apricot Capital for $248 million, marketing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/77938"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=77938"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/77938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/77939"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=77938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=77938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=77938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}