Only 65 Luxury Condominiums near Great World City, Orchard Road-Tanglin Road. Walking distance to Great World City Shopping Mall and upcoming MRT Station in front of the mall (2017). approx 1 km to ION Orchard, Tanglin Mall, near Paragon, Takashimaya, Ngee Ann City, Mandarin Orchard, 313 Somerset, Plaza Singapura. Also near 4 MRT (includes upcoming) i.e. Orchard MRT, Somerset MRT, Dhoby Ghaut MRT, Kim Seng Road MRT. Centralised location of prime district 10 near many International Schools
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Tuesday, October 14, 2014
Congratulations to Owners/Developer of D’Leedon Condominium for TOP on Oct 2014
D’Leedon @ Farrer Road, Near Dempsey Hill, Holland Village, Tanglin-Orchard Shopping Vicinity, Stone-throw away to Botanic Garden, Resort Living in District 10. . read more on..www.81817777.com
Singapore Condo For Sale
Urban Resort Condo, Orchard 4 Bedrooms
Urban Resort Condo, Orchard 3 Bedrooms
D’Leedon, Farrer Road
Nathan Suites Condo, River Valley
Tuesday, June 28, 2011
Resale prices of private homes continue to rise
SINGAPORE: Resale prices of private homes continue to rise in the second quarter of this year.
According to DTZ Research, resale prices of private residential properties increased at a faster rate across all segments in the second quarter of this year compared to the first.
It says the average resale price of leasehold condominiums in the suburban areas rose the fastest by 3.9 per cent on-quarter, compared to 0.8 per cent in the first quarter.
The average resale price of freehold condominiums in the prime districts of 9, 10 and 11 grew by 3.3 per cent on-quarter compared to 0.4% per cent in the first quarter, based on a basket of completed condominiums tracked by DTZ Research.
The average resale price of luxury condominiums rose the least at 1.7 per cent.
But DTZ Research said it reflected an increase over the flat prices registered in the first quarter.
This it said is the only segment with prices still below the 2007 peak.
Ms Chua Chor Hoon, Head of DTZ South East Asia Research, said prices continue to trend upwards because sellers are benchmarking against the prices of new launches.
Monday, July 26, 2010
Broad-based growth in Q2 property prices
Momentum of recovery in private residential rents also picked up. -BT
PRIVATE home prices generally rose at a slightly slower pace in Q2 than they did in Q1, but latest official numbers show a broad-based growth in property prices – with stronger quarter-on-quarter gains for office, shop and industrial properties, as well as HDB resale flat prices in Q2 than in the first quarter.
The momentum of recovery in private residential rents also picked up in the second quarter, supported by an acceleration in hiring of expats as Singapore’s economy continues to expand. ‘Sentiment among developers and market watchers probably moderated from the end of first quarter as a result of the eurozone’s economic problems, but the recent spectacular official GDP growth forecast for Singapore has probably helped to restore some confidence,’ said Real Estate Developers Association of Singapore CEO Steven Choo.
The Urban Redevelopment Authority’s (URA) benchmark overall price index for private homes rose 5.3 per cent in the second quarter over the preceding quarter, close to the 5.6 per cent per cent hike in Q1.
The price index for office space increased 4.6 per cent quarter on quarter in Q2, a bigger gain than the 1.8 per cent quarter-on-quarter rise in Q1.
Likewise, the shop price index went up 3.9 per cent in Q2, following a 1.8 per cent pick-up in the first three months. URA’s flatted factory and warehouse price indices rose 5.4 and 9.4 per cent in Q2. In Q1, each of these increased 1.5 per cent.
In the private housing market, prices of detached houses rose 6.8 per cent in Q2, slower than the 9.6 per cent increase in Q1. Semi-D and terrace houses appreciated 6 per cent and 5.6 per cent respectively in Q2 – compared with increases of 7.5 and 7.4 per cent in the first three months.
Non-landed home prices in Core Central Region (which includes the prime districts, Marina Bay and Sentosa Cove) climbed 5.4 per cent in Q2, higher than the 4.4 per cent growth in Q1. Likewise, the price index for Outside Central Region (where suburban condos are located) rose 5.7 per cent in Q2 after increasing 4.3 per cent in Q1.
However, in Rest of Central Region the pace of price gain slowed from 7.9 per cent in the first quarter to 4.6 per cent in Q2.
In the primary market, developers sold a total of 4,033 private homes in Q2, down 7.9 per cent from Q1. In the secondary market, strong buying momentum was also seen in the resale market, with 4,682 private homes changing hands in Q2, although this was 5.6 per cent lower than the first three months of the year. However, subsale volumes eased 27.4 per cent, from 996 deals in Q1 to 723 in Q2.
‘Resales were strong in Q2 because prices are more reasonable for older, completed properties than new project launches. On the other hand, subsales (which are secondary-market deals involving projects that have yet to receive Certificate of Statutory Completion) come in waves. Those who bought homes from developers in the past few months are probably waiting for prices to rise further before they offload their units,’ suggests a market watcher.
In the leasing market, URA’s All Residential rental index rose 5.9 per cent in Q2 over the preceding quarter, compared with a 4.7 per cent quarter-on-quarter gain in Q1. The index has appreciated 10.9 per cent since end-2009.
Rents accelerated for both landed and non-landed private homes. Terrace houses led the landed segment, with rents rising 6.6 per cent in Q2, followed by semi-detached houses (up 5.6 per cent) and detached (up 4.6 per cent). For non-landed homes, rents in Core Central Region appreciated the most, by 6.4 per cent, followed by Outside Central Region (up 6.1 per cent) and Rest of Central Region (5.1 per cent).
However, the latest All Residential rental index is about 11.1 per cent below its peak in Q2 2008. Jones Lang LaSalles’ head of residential Jacqueline Wong said the latest official figures confirm feedback from the ground. Monthly rentals of four-bedroom apartments in high-end developments such as Grange Residences, Draycott 8 and Ardmore Park are hitting $16,000-$18,000 on average – an improvement from $14,000-$15,000 in the second half of last year.
‘But we still haven’t achieved the peak levels of $18,000-$22,000 seen in the late 2007 to mid-2008 period,’ Ms Wong added. ‘We’re seeing rehiring of expats again but housing allowances are not as generous as before.’
Ms Wong is predicting flattish rents until the end of this year, citing new competition with the impending completion of The Orchard Residences and The Marq on Paterson Hill.
URA numbers show 4,379 private homes received Temporary Occupation Permit (TOP) in Q2, compared with 1,407 units in Q1. The surge in new completions pushed up the islandwide vacancy rate for private homes to 5.4 per cent at end-Q2, from 4.6 per cent at end-Q1. But this could ease again as owners or tenants move into the new homes.
Major residential projects completed in April-June 2010 include One Amber, Marina Bay Residences, Dakota Residences and The Arte.
With a further 4,958 units expected to receive TOP by year end, the full-year tally will be 10,744, slightly above last year’s 10,488 units.