Mixed development in Woodleigh

For real estate investors interested in the first ever private mixed residential-commercial development in Bidadari estate, good news is finally here. The Woodleigh complex is said to flag off sometime in September this year. The gigantic edifice will boast approximately 680 condo apartments. The developer consists of 28,000 square meter retail gross area. This project is handled by one of the best retail firms in Singapore: The Singapore Press Holdings in addition to the support Kajima Development. Kajima Development is a developer from Japan.


Also known as the Woodleigh Residences and Mall, resident condominium units will go for as much as $2,000 in a two, three and four bedroom setting per square foot. The SPH Chairman, Lee Boon Yang is hopeful that this real estate innovation will transform ordinary land into a structure suitable for residents to make their homes. He also made it known that the condominium is built in the best convenient surroundings and equipped with state of the art mall. Read more

Will Hong Kong Address Its Soaring Unsold Apartment Market Or Just Turn A Blind Eye?

The financial secretary stated on Thursday that the number of unsold apartment units has soared significantly since 2017. He believes a tax will be required to target specific properties and slow down the housing market and force developers to unlock these vacant homes that they are hoarding.


This hoarding has made things increasingly difficult in one of the most expensive marketplaces, Hong Kong. Problems have also been contributed by favored developers who will only sell new units in batches which will cause the increase in home prices when finally released.

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Private homes became more expensive properties in the first quarter of this year

By now, it’s no longer a secret that the property market in Singapore is following an upward trend. Everything started last year and it continues to evolve in the same direction this year as well. Thus, as a result, private homes in the country recorded a 3.1% increase in prices in the first quarter of 2018. The information was released by the Urban Redevelopment Authority or URA, at the beginning of April. If we are to compare these recent numbers with the increase that was recorded in the past quarter, which was of only 0.8%, we will notice a significant difference. As expected, the private property index increased as well, gaining an additional 4.3 points, rising this way from 138.7 points, which was its status in the last quarter in 2017, to 143.0 points, in Q1 of the current year.

The prices of the private properties that are non-landed rose even higher, especially in the Core Central Region, gaining no less than 5%, which is significantly higher than in the past quarter, when the increase was of only 1.4%. Even if the increase in the rest of the regions is smaller, it still happened, as the Rest of the Central Region recorded a rise of 1.1%, which is an improvement since the 0.4% increase recorded in the last quarter, and a 3.8% increase in the Outside Central Region, which is more consistent having in mind that in the past quarter the increase in this area was of only 0.8%. Read more

International Business Park Gets New $100M Hub

According to Straits Times, TUV SUD, a German company, has broken ground at the International Business Park of Singapore this past week on April 4th, 2018. This hallmarks the company’s first major real estate investment besides their headquarters in Germany. TUV SUD specializes in testing, certification, and inspection with the aim of providing high-quality safety, reliability, and environmental protection within various industries.

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Sumang Walk – The EC Already Breaking Records

One of the biggest stories of the year in the Singapore property market unfolded in February with the sale of a land parcel in Punggol. The record making transaction was interesting for several reasons, none less so than exactly why it attracted so much interest, so much money, and so much buzz.

Location of upcoming Sumang Walk EC
Location of upcoming Sumang Walk EC

The parcel at Sumang Walk, earmarked for EC (Executive Condominium) housing, attracted 17 group of developers in total. Top of those bids was from a joint venture made up of CDL Constellation – a subsidiary of City Developments Limited – and TID Residential. That bid of S$509.37 million not only exceeded all expectations and forecasts, but when it is broken down by area (approximately S$583psf) it is the highest ever for an executive condo anywhere on the island.

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The sale of The Tapestry

New launch condo, The Tapestry at Tampines Avenue 10 was released for sale last Saturday 24th Mar, 2018. Its developer, CDL sold a total of 315 residential units on their preview day. Developer only released 450 units during the balloting preview. With 70% of the released units sold in a single day, the project has proven to attract strong interests from both homebuyers and property investors.

The Tapestry at Tampines
The Tapestry

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Singapore’s Budget for 2018 is ready and should help the country face the coming wave of changes

On the 19th of February, Singapore’s Finance Minister, Heng Swee Keat, held his speech about the country’s budget for this year. In spite of the fact that the country started recording great progress since the last half of 2017, the Minister spoke about the most significant shifts that will take place in the coming 10 years and how Singapore must be ready to face these changes appropriately, with the help of a well-made budget. Thus, the most important changes Singapore needs to be careful about are the economic emphasis that will be placed on Asia even more than before, the population that will continue to age, and the appearance of breakthroughs in the sector of technology. This is why Singapore’s budget must be part of a plan that will allow the country to be properly prepared for these shifts.

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