Archive | March 1, 2012

CDL has faith in luxury property sector

(Another interesting headline. The reporter used the word “faith”, as if implying that CDL is not basing their optimism on facts.) Straits Times – 01 Mar 12 Summary: The subdued sentiment has forced CDL to halt marketing its premium project The Residences at W Singapore Sentosa Cove. (Forced? Developers are never forced to stop marketing […]

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Getting a home loan? Get reality check first

This is a very interesting headline. Read on to find out why. Straits Times today (01 Mar 12) Summary: Monetary Authority of S’pore (MAS) has mandated that from today, banks will have to provide potential borrowers with a fact sheet when discussing on credit facility. Objective: to help potential customers work through the nuts and […]

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Turf City’s New landlord plans to revive mall

ST – 01 Mar 12 Summary: Cogent Land Capital has taken over the former Bukit Timah Turf Club site from Singapore Agro Agricultural (SAA). Tenants like Giant hypermarket, Ah Yat Seafood Restaurant and Art Boot Camp are still operating there. Renovation work will start next week. Revamped Turf City mall will have a range of […]

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Development charges dip for non-landed residential use

Straits Times – 01 Mar 12 Summary: Charges that developers pay to enhance the use of a plot of land have finally been reduced or left flat for some sectors, as the slowing property market takes its toll (I think it’s more for the luxury prime areas, rather than the rest of Singapore.) The new […]

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Sentosa Cove Bungalow fetches Record $39 M

Business Times – 01 Mar 12 Summary: A sea fronting bungalow at Cove Drive has changed hands at $39 million, a record absolute price for a bungalow in upscale waterfront residential district of Sentosa Cove – $2,448psf on land area of 15,929sqft. Surpasses the previous high of $36 million for a bungalow on Paradise Island that was transacted in […]

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Condominium Review: Centro Residences

About this development: Tenure: 99 yr leasehold Developer: Far East Site Area: approximately 69,000sqft Location: Ang Mo Kio Ave 8 – just beside Ang Mo Kio Hub No. of levels: 34 storeys, with 2 towers No. of Units: 329 Pros: Excellent location – just next to Ang Mo Kio Hub (NTUC and many restaurants are […]

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