A more walkable and bike friendly civic district is in the plan. Two of Bencoolen Street’s four original car lanes have been converted into footpaths for pedestrians and a cycling path. Sheltered linkways now connect bus stops and the Bras Basah MRT station to nearby developments such as Manulife Centre and the Nanyang Academy of Fine Arts (Nafa).
Properties near MRT Stations are generally more crowded. MRT network size is set to double by 2030. By then most of the properties are within a kilometer from the MRT station. So, is it worth to pay a premium for properties near the MRT stations?
Do apartments in more crowded projects sell at a lower price?
An increase in localized density negatively affected prices: a 10 per cent increase in density caused a decrease in price per square foot by about 2 per cent.
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China is building its way to displace the US when it comes to global leadership. The latest major step is the “Belt and Road” initiative, which officially kicked off this week, aimed at building infrastructure to connect China to a range of Asian countries. It’s based on the old Silk Road, overland from China to Europe, and on ancient maritime trade routes that run to Africa and Europe. Continue reading
Queenstown plot has attracted a top bid of more than S$1 billion, the first time that a purely residential site on the Government Land Sales (GLS) programme has exceeded that price quantum. Continue reading
As property prices spiral upwards in Hong Kong, the race is on to build smaller and smaller homes. Dubbed the nano flats, these homes are less than 200 sq ft, cost about HK$4 million (S$725,000) on average, and are popular with young couples.
In comparison, a so-called shoebox apartment in Singapore is usually about 400 sq ft and costs around $500,000.
Vital statistics are as follows:
Lum Chang Holdings Limited aquired One Tree Hill Gardens for S$65 million. Owners at One Tree Hill Gardens are expected to receive between S$4.3 million and S$9.1 million in gross sale proceeds.
The freehold site is expected to accommodate up to 15 landed units, with the launch date likely to be next year.
Source: The Business Times
SINGAPORE has retained the top spot as the maritime capital of the world for the third consecutive time.
The report also made predictions about the world’s leading maritime capitals five years ahead, with most experts believing that Singapore will remain the most important city, with many noting its strong capabilities to handle digital transformation in the industry. Continue reading
The coastal town of Pasir Ris will be made over within the next decade. Residents can expect a town centre with more shops, a partly-sheltered community space,
and about 2,000 new HDB units. Continue reading
There are few property reports in April 2017 indicating some upbeats in the market. One of the reports is from Morgan Stanley commenting that Singapore’s property prices to double by 2030. The other report is by OCBC Investment Research Team. Go check the report out. They must be taken with a pinch of salt though.
CDL is the top bidder of the 2.17 ha residential site at Tampines Ave 10. The top bid of $370.1 million for the 99-year leasehold site works out to about $565 psf on the land. Continue reading