Launches, Take-Up, Sub-Sales Condo Update

Condo Launch Singapore: Launches, Take-Up, Sub-Sales Condo Update

We highlight some residential property updates on the Singapore residential property sector in the 4th quarter of 2010 in this "Launches, Take-Up, Sub-Sales Condo Update" post.

Source for Launches, Take-Up, Sub-Sales Condo Update post is taken from URA of Singapore.

Details of Launches, Take-Up, Sub-Sales Condo Update:

Launches and Take-up

A total of 4,522 uncompleted private residential units were launched for sale by developers in 4th Quarter 2010, compared with 3,501 units in 3rd Quarter 2010. For the year 2010 as a whole, 16,575 units were launched for sale.

Of the 4,522 uncompleted units launched in the quarter, 847 units were in CCR, 807 units were in RCR, and 2,868 units were in OCR.

Major residential projects launched in the quarter included Waterview at Tampines Avenue 1 (696 units), The Lakefront Residences at Lakeside Drive (560 units out of a total of 629 units), The Tennery at Woodlands Road (338 units), Vacanza @ East at Lengkong Tujoh (remaining 329 units out of a total of 473 units) and Spottiswoode Residences at Spottiswoode Park Road (320 units out of a total of 351 units).

In 4th Quarter 2010, 3,965 uncompleted private residential units were sold by developers, compared with 3,561 units in 3rd Quarter 2010.

For the year 2010 as a whole, 15,832 uncompleted private residential units were sold.

Of the 3,965 uncompleted units sold in the quarter, 876 units were in CCR, 884 units were in RCR, and 2,205 units were in OCR.

Developers also sold 276 completed private residential units in 4th Quarter 2010.

Sub-sales

The total number of sub-sales was 569 in 4th Quarter 2010, compared to 837 sub-sales in the previous quarter. In percentage terms, sub-sales accounted for 6.7% of all sale transactions in 4th Quarter 2010, compared to 9.1% in 3rd Quarter 2010. The number of sub-sales in CCR in 4th Quarter 2010 accounted for 9.1% of the property sale transactions in this area in the quarter, compared to 16.3% in the previous quarter. The percentage of sub-sales in 4th Quarter 2010 for RCR, at 8.6%, was lower than the 9.7% in the previous quarter. In OCR, the percentage of sub-sales in 4th Quarter 2010 was 4.6% which was lower than the 6.1% in the previous quarter.

Stock and Vacancy

A total of 2,032 private residential units were completed (granted TOP) in 4th Quarter 2010. Major residential projects completed in the quarter were The Cascadia at Bukit Timah Road (536 units), The Trillium at Kim Seng Road (231 units) and The Orchard Residences at Orchard Boulevard (175 units).

The vacancy rate of completed private residential units decreased from 5.2% as at the end of 3rd Quarter 2010 to 5.0% as at the end of 4th Quarter 2010.

Executive Condominiums

A total of 1,659 uncompleted Executive Condominium (EC) units were launched for sale by developers in 4th Quarter 2010. This was the first time developers launched EC units since 4Q2007. The EC projects launched in the quarter were Prive at Punggol Field (680 units), Esparina Residences at Compassvale Bow (573 units) and The Canopy at Yishun Avenue 11 (406 units). In 4th Quarter 2010, 1,052 uncompleted EC units were sold by developers.

As at the end of 4th Quarter 2010, there were 2,535 Executive Condominium (EC) units in the pipeline. In addition, another 2,300 EC units can come from EC sites that will be released for sale by the Government in the 1st Half of 2011 through both the Confirmed and Reserve Lists of the GLS Programme.

The total stock of completed EC units remained at 10,430 units as at the end of 4th Quarter 2010. As at the end of 4th Quarter 2010, the vacancy rate of completed EC units was 0.5%, lower than the vacancy rate of 0.8% as at the end of the previous quarter.

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2010 4Q Update: Residential Property Price

2010 4Q Update: Residential Property Price (Singapore)

This 2010 4Q update residential property price is obtained from Urban Renewal Authority (URA) of Singapore that was released on 28 January 2010.

Here is the portion about 2010 4Q update residential property price.

2010 4Q Update: Residential Property Price

Overall prices of private residential properties increased by 2.7% in 4th Quarter 2010, compared with the 2.9% increase in the previous quarter. For the whole of 2010, prices had increased by 17.6%, compared with the 1.8% rise in 2009.

Prices of non-landed properties increased by 1.8% in 4th Quarter 2010, compared with the 1.6% increase in the previous quarter. For the year 2010 as a whole, prices of non-landed properties increased by 14.0%. Prices of apartments increased by 2.4%, while prices of condominiums increased by 1.6% in 4th Quarter 2010.

Prices of non-landed properties in Core Central Region2 (CCR) increased by 2.2% in 4th Quarter 2010, and prices of non-landed properties in Rest of Central Region3 (RCR) and Outside Central Region (OCR) increased by 1.9% and 2.1% respectively (see Annex A-2).

Prices of landed properties increased by 5.5% in 4th Quarter 2010, compared with 7.7% in the previous quarter. Prices of detached, semi-detached and terrace houses increased by 8.5%, 3.1% and 3.7% respectively in 4th Quarter 2010.

The prices of private residential properties are not uniform and vary from project to project. Home-buyers can view the data on individual uncompleted private residential projects.

Besides the data on developers’ sale of uncompleted units, home-buyers can also access information on all private residential property transactions on URA’s website. This database, which is based on caveats lodged with the Singapore Land Authority (SLA), contains comprehensive information on the prices and floor areas of the units transacted.

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EC Executive Condo Prices

Condo Launch Singapore: EC Executive Condo Prices

We share with you price update of EC Executive Condo prices transacted in the past.

EC Executive Condo prices are shown for personal information.

EC Executive Condo prices are transacted prices obtained from URA Singapore.

EC Executive Condo Prices:

Unit at The Canopy at Yishun Avenue 11
EC Executive Condo Price: $1,158,000
EC Executive Condo Area: 2099 sqft
EC Executive Condo Unit price: $552 psf
EC Executive Condo Date of transaction: Dec 2010

Unit at Eastvale at Pasir Ris Drive 3
EC Executive Condo Price: $800,000
EC Executive Condo Area: 1292 sqft
EC Executive Condo Unit price: $666 psf
EC Executive Condo Date of transaction: Dec 2010

Unit at Bishan Loft at Bishan St 11
EC Executive Condo Price: $1,200,000
EC Executive Condo Area: 1378 sqft
EC Executive Condo Unit price: $871 psf
EC Executive Condo Date of transaction: Dec 2010

Unit at Esparina Residences at Compassvale Bow
EC Executive Condo Price: $755,000
EC Executive Condo Area: 1001 sqft
EC Executive Condo Unit price: $754 psf
EC Executive Condo Date of transaction: Dec 2010

Unit at The Florida at Hougang Avenue 7
EC Executive Condo Price: $869,000
EC Executive Condo Area: 1389 sqft
EC Executive Condo Unit price: $626 psf
EC Executive Condo Date of transaction: Dec 2010


Note that EC Executive Condo unit prices could be affected by typograpical errors. Please read our disclaimer for more details.

Remember too that property prices can go up and they can also come down at the change of sentiment and other factors.

Admin

Condo Launch Singapore

Spottiswoode 18 Condo

Condo Launch Singapore: Spottiswoode 18 Condo

Spottiswoode 18 Condo is a 36 storey high residential condominium with condo facilities.

Spottiswoode 18 Condo Total units: 251

Spottiswoode 18 Condo TOP: est 2015

Spottiswoode 18 Condo Site appox: 43,366 sf

Spottiswoode 18 Condo Developer: RL Developments Pte Ltd

Spottiswoode 18 Condo Estimated unit sizes :
1 bedroom: 386 – 387 sqft
1 bedroom + 1 study: 510 sqft
2 bedroom: 655 sqft
Duplex units


Spottiswoode 18 Condo Facilities: Lap Pool, children’s pool, children’s playground, tennis, BBQ, corner, lounge, outdoor fitness station, gym.

Spottiswoode 18 Condo is Near:
Tanjong Pagar Plaza
Amara Shopping Centre
Pearl’s Centre
Icon Village
MRT station

Spottiswoode 18 Condo Launch Price Selling at: review at launch

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Condo Launch Singapore

We highlight new condominium launches in Singapore.

Adequate Supply of Condo in Pipeline

Condo Launch Singapore: Adequate Supply of Condo in Pipeline

There is adequate supply (of condo) in pipeline in Singapore's residential property market. This was reiterated by the Government on 13 January 2011 when it introduced more measaures to curtail speculation in the residential property market.

Statement from Ministry of National Developement:

Adequate Supply in the Pipeline

14 There is an ample supply of private residential units and buyers need not rush to buy now. The Government will continue to ensure an adequate supply of housing to meet demand.

15 The annual average take-up9 of private residential units between 2007 and 2010 is about 12,700 units. Thus far, the sites awarded under the Government Land Sales (GLS) Programme in 2010 will already yield about 13,300 units. In the GLS Programme for the first half of 2011, we will make available sites that can yield about 14,300 private housing units, of which about 8,100 units will be from sites on the Confirmed List.

16 As at 3Q2010, there were about 64,400 uncompleted units of private housing from projects in the pipeline10. Of these, about 33,800 units were still unsold. This is equivalent to about 3 years of supply based on the average annual take-up over the last 4 years. The 33,800 unsold units in the pipeline comprised 3,300 units that had been launched for sale by developers and 11,400 units which had the pre-requisite conditions for sale11 and could be launched for sale immediately. The remaining 19,100 units with planning approvals did not have the pre-requisite conditions for sale but these could be obtained quickly from the Government12. The Government will also make available more supply in future GLS programmes. Buyers should bear in mind this supply in the pipeline when deciding whether to buy now.

17 The Government will continue to monitor the property market closely and take further steps to promote a stable and sustainable property market if necessary.

Admin

Condo Launch Singapore

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Singapore Residential Price Index

Condo Launch Singapore: Singapore Residential Price Index

What is the Singapore Residential Price Index? How high are residential property prices in Singapore? What is the trend of the Singapore Residential Price Index?

We highlight the Singapore Residential Price Index that tracks property prices of residential properties including condominiums, landed properties and other residences in Singapore in this Janaury 2011 post.

If you wish to know more about the Singapore Residential Price Index, visit Singapore Residential Price Index today.

Visit Singapore Residential Price Index site:

http://singaporeresidentialpriceindex.blogspot.com/

(This is a sponsored Singapore Residential Price Index post.)

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Condo Launch Singapore

We highlight new condominium launches in Singapore.

New 2011 Singapore Condominium Launch Or Not

Condo Launch Singapore: New 2011 Singapore Condominium Launch, Or Not?

With the unexpected property market stabilisation measures introduced by the Government on 13 January 2011, will there be any new 2011 Singapore condominium launch soon?

Will more new 2011 Singapore condominium launch be delayed? Or will more new 2011 Singapore condominium launch by property developers continue, for fear of even more measures in the near future?

Would these new anti-property speculation rules and regulations, the fourth in a series of measures, result in changes to new 2011 Singapore condominium launch?

Residential property buyers without deep pockets or the right purchasing decision would certainly take time to weigh the pros and cons of rushing into any property purchase in light of such draconian anti-speculative measures in the residential property sector.

Time will tell if any new 2011 Singapore condominium launch occurs.

In the meantime, are you still looking for new 2011 Singapore condominium launch?

Admin

Condo Launch Singapore

We highlight new condominium launches in Singapore.

Summer Scent Apartment Singapore

Summer Scent Apartment Singapore

Summer Scent Apartment Singapore is a triple-9 leasehold apartment located at Kang Choo Bin Road in Singapore.

Summer Scent Apartment Singapore Disctrict: 19

Summer Scent Apartment Singapore Address: Kang Choo Bin Road

Summer Scent Apartment Singapore Developer: -

Summer Scent Apartment Singapore Expected TOP: 2013

Summer Scent Apartment Singapore Unit Mix / Floor Plans:
-2 bedrooms
-3 bedrooms

Summer Scent Apartment Singapore Price: to be advised

Summer Scent Apartment Singapore Amenities: tba

Summer Scent Apartment Singapore Facilities: to be confirmed

Admin

Condo Launch Singapore

Note: Property price is subject to change without notice. Prices quoted today may go up or come down depending on property cycles. You should also compare and double check property prices before making any decision to purchase a new launch condominium or new launch property project.

Anti Speculation Measures in Property Market

Anti Speculation Measures in Property Market

Here are the latest anti speculation measures in property market of Singapore. These anti speculation measures in property market were announced on 13 Jan 2011 by the government.

Anti-speculation measures in property market details are produced below.


13 January 2011
Source: URA


Measures to maintain a stable and sustainable property market

The Government announced today the following measures to maintain a stable and sustainable property market:

a) Increase the holding period for imposition of Seller’s Stamp Duty (SSD) from the current three years to four years;

b) Raise the SSD rates to 16%, 12%, 8% and 4% of consideration for residential properties which are bought on or after 14 January 2011, and are sold in the first, second, third and fourth year of purchase respectively;

c) Lower the Loan-To-Value (LTV) limit to 50% on housing loans granted by financial institutions regulated by MAS for property purchasers who are not individuals1; and

d) Lower the LTV limit on housing loans granted by financial institutions regulated by MAS from 70% to 60% for property purchasers who are individuals with one or more outstanding housing loans2 at the time of the new housing purchase.

The measures will take effect on 14 January 2011.

Read more details of anti speculation measures in property market at URA site.

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Condo Launch Singapore

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2011 Future Supply of Residential Properties

Condo Launch Singapore: 2011 Future Supply of Residential Properties

In this post on 2011 Future Supply of Residential Properties, we check out the 2011 Future Supply of Residential Properties in the Pipeline.

There is no shortage of new residential properties like condominiums that are available and will be available for future supply. Acording to URA, more land supply will be available for condo and other residential property development in future releases.

New Supply in the Pipeline (from URA source):

As at the end of 3rd Quarter 2010, there was a total supply of 64,358 uncompleted units of private housing from projects in the pipeline.

Of these, 33,771 units were still unsold. [That's right. 52% of units still unsold by developers.]

These comprised 3,248 units that had been launched for sale by developers and 11,382 units which had the pre-requisite conditions for sale and could be launched for sale immediately.

The remaining 19,141 units with planning approvals did not have the pre-requisite conditions for sale.

Of the 64,358 units, 36,796 units were expected to be completed between the 4th Quarter 2010 and 2013, of which 28,047 units were already under construction.

Developers had obtained planning approvals for projects making up the remaining 8,749 units.

URA also released detailed data on supply in the pipeline by market segment, development status and expected year of completion.

This is to enable the public to have a more comprehensive picture of supply coming on-stream over the next few years in the private housing market.

Of the 64,358 uncompleted units of private housing from projects in the pipeline, 20,965 units, 18,220 units and 25,173 units were in CCR, RCR and OCR respectively.

In addition to the supply in the pipeline above, the Government had in May 2010 ramped up the supply of private housing via the Government Land Sales (GLS) Programme for the 2nd Half of 2010 (2H2010) to meet the strong demand for private housing and land for residential developments.

This comprises 18 sites that can potentially yield 8,135 private residential units on the Confirmed List, and 13 sites that can potentially yield another 5,770 private residential units on the Reserve List.

Collectively, the GLS Programme can potentially yield 13,905 private residential units.

This is the highest potential supply quantum from any half yearly GLS Programme since the Confirmed List/Reserve List system started in 2H2001.

It is also over and above the supply of 6,270 units from 16 sites that were earlier sold under the GLS Programme for the 1st Half of 2010 (1H2010).

Most of the sites in the 1H2010 and 2H2010 GLS Programmes are located in OCR or in locations in RCR where more affordable private housing is expected to be built.

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Condo Launch Singapore

Austville Executive Condo Launch

Condo Launch Singapore: Austville Executive Condo Launch

Project Name: Austville Residences

Austville Executive Condo Launch location: Sengkang East Avenue

Austville Executive Condo Launch Type: Executive Condominium

Austville Executive Condo Launch Total Units: 540

Austville Executive Condo Launch TOP date: May 2014

Austville Executive Condo Launch Developer: UEL

Austville Executive Condo Launch Lease: 99 years

Austville Executive Condo Launch Facilites:

Vineyard Pavilion . Lagoon Infinity Pool . Eucalyptus Walk . Aussie Grill, Forest Garden Trail . Rock Mist and Arid Trail . Beach Pool . 3-D Entertainment Room.

Austville Executive Condo Launch Site Plan:

Austville Executive Condo Launch Unit Mix:
18-storey towers of 2-bedroom, 3-bedroom, 3+1-bedroom and 4-bedroom units, Austville Residences offers 540 units, including 30 penthouses units

Austville Executive Condo Launch Prices:

Austville Executive Condo Launch 2-bedroom units = from $620 psf.

Austville Executive Condo Launch 3-bedroom units = from $620 psf.

Austville Executive Condo Launch 3+1-bedroom units = from $620 psf.

Austville Executive Condo Launch 4-bedroom units = from $? psf.

Austville Executive Condo Launch Penthouse units = from $? psf.

For more details of condominium besides Austville EC site, visit here.

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Condo Launch Singapore

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Tennery Condo

Condo Launch Singapore: Tennery Condo

The TENNERY condo is a cosmopolitan apartment situated above retail properties at the Ten Mile Junction of Singapore.

Tennery Condo Location: junction of Upper Bukit Timah Road and Woodlands Road,

Tennery Condo Number of storeys: 16

Tennery Condo Number of Apartment Units: 338 SOHO apartments

Tennery Condo Unit Sizes: from 619 - 950 sq ft

Tennery Condo Amenities:
Bukit Panjang MRT
LRT stations
integrated Bukit Panjang bus interchange
commercial facilities,
Downtown Line 2
Bukit Panjang Plaza
Lot 1 Shoppers' Mall
Jurong Lake District
Bukit Batok Industrial Park
Bukit Panjang Park
Bukit Batok Nature Park

Tennery Condo is Near Schools:
• Bukit Panjang High School
• Bukit Panjang Primary School
• Canadian International School
• Pioneer Junior College

Tennery Condo Pricing: to be advised at preview launch

Admin

Condo Launch Singapore

Note: Property price is subject to change without notice. Prices quoted today may go up or come down depending on property cycles. You should also compare and double check property prices before making any decision to purchase a new launch condominium or new launch property project.

New 2011 Singapore Condo Launches

New 2011 Singapore Condo Launches

Happy 2011 to all visitors to Condo Launch Singapore site.

In this "New 2011 Singapore Condo Launches" post, we would like to remind all that Condo Launch Singapore will continue to bring you new 2011 Singapore condo launches in this year.

We are passionate about condominium launches in Singapore and we hope to bring you more news about new 2011 Singapore condo launches.

Keep reading our site for new 2011 Singapore condo launches that we will highlight in 2011 soon.

Admin

Condo Launch Singapore