14,500 new private home sales seen

CB Richard Ellis (CBRE) has tipped the number of new private homes which could be sold this year at 14,500 – which is 98 per cent of the record 14,811 snapped up in 2007.

But the value of transactions this year is likely to fall far below that of 2007. Just $13.4 billion worth of apartments [...]

Paradise Island prices back to 2007 peak

Interest in waterfront homes at Sentosa Cove seems to have returned in recent months, as the opening of Resorts World at Sentosa looms. Since the beginning of November, a total of six properties — three luxury condominiums and three landed homes — have changed hands in the resale market at $1,406 to $2,423 psf.

In the [...]

Property investment sales tipped to climb again

Analysts expect 2010 to be better, with investment sales of $15-$20b

After a slow start in the first quarter, investment sales of Singapore real estate gathered pace, with a year-to-date tally of about $9.4 billion, although CB Richard Ellis estimates the full-year figure will come in just above $10 billion when all the caveats for transactions [...]

It’s getting hotter at Sentosa Cove

More over-$10m home sales in Jan-Oct than in previous four years

Homes in Sentosa Cove drew strong interest from high-net- worth investors in the first 10 months of this year – more properties costing $10 million and above were transacted during this period than in the preceding four years.

Property consultancy Savills Singapore said that its analysis [...]