should be a good catch
should be a good catch
Versilia at Haig or a different Versilia?Originally Posted by kal
i like geylang for the charm.
i also like durian.
i also like china mei mei.
if got seller want to sell $300 psf i will buy
Originally Posted by Unregistered444
with all the china mei mei around, you won't even have 300 psf in your life savings ... they will suck you and your durians dry!Originally Posted by orh gui tao
Singapore factory output down 12.8% on-year in May
Posted: 26 June 2008 1323 hrs
SINGAPORE - Singapore's industrial production in May slumped by a much-bigger-than-expected 12.8 per cent from a year ago, pulled down by a 55.1 per cent drop in biomedical output, the government said Thursday.
Analysts had projected a fall of 2.5 per cent for May.
On a seasonally adjusted basis, industrial output last month fell 5.7 per cent from April, the Economic Development Board (EDB) said in its monthly report.
"Production in May dropped 12.8 per cent compared to the same month last year, largely due to a contraction in the biomedical manufacturing cluster," said the EDB.
The sharp plunge in biomedical output was due mainly to the pharmaceuticals segment, which shrank 58.2 per cent because a different batch of ingredients was produced, it said.
Precision engineering also declined last month with output down 4.8 per cent on the year, but other sectors fared better. The EDB reported increased output in electronics, chemicals and transport engineering.
Electronics output gained 3.8 per cent in May. Almost all electronics segments recorded higher production but information and communications, and consumer electronics, were exceptions, the EDB said.
Chemicals production was up 2.2 per cent and transport engineering increased 13.0 per cent, boosted by the robust marine and offshore engineering industries, it said.
Singapore's monthly manufacturing report is widely monitored as the sector accounts for a third of the city state's gross domestic product, worth 243 billion Singapore dollars in 2007.
The export-reliant economy grew slower than estimated in the year's first quarter, at 6.7 per cent, as demand weakened due to a slowdown in the United States and other key markets, the government has said. - AFP/ir
CNA - June 26 '08
June 26, 2008
Citi sees no oversupply of homes in next two years
It estimates only 60% of the 30,000 units forecast will be completed, so fall in prices will be modest
By Joyce Teo, Property Correspondent
ANALYSTS from Citigroup have stuck their necks out to dismiss some market predictions of a crippling property glut in the next two years.
Official figures show that around 30,000 homes will be completed in the next two years, but Citi reckons only around 60 per cent will likely be ready.
If the bank's forecast is accurate, it could mean that downward pressure on prices will not be as great as some had feared.
Citi's report on Singapore property, which came out on Tuesday, pointed to where previous predictions may have got it wrong.
It stated that by the end of March, there were 6,000 collective sale units that had yet to be demolished.
Some of the delays are because of legal challenges over sales, as well as developers extending lease periods for owners due to the weak primary market, Citi said.
It estimated that there will be 8,200 units completed next year and 10,200 in 2010, assuming no further collective sales are done.
These numbers are way below market expectations of 12,500 units next year and 17,500 units in 2010, it said.
These higher supply numbers had led many experts to conclude that an oversupply was on the cards.
But Citi stated: 'We have always argued that such estimates are not always accurate and they often get revised downward over time.'
However, it did not elaborate further on the reasons for its lower supply projections.
Knight Frank director of research and consultancy Nicholas Mak said the direct impact of the supply completion figures on prices is limited because most of these homes would already have been sold.
But a large supply of homes for occupation would negatively affect rentals, and this would in turn hit prices, he added.
Savills Singapore also believes the supply figures released by the Urban Redevelopment Authority are too high.
Mr Ku Swee Yong, its director of marketing and business development, said completion delays in collective sales, as well as delayed launches, have not been factored in.
'There are insufficient construction resources, which means there will likely be delays,' he added.
'Prices of mid- to high-end properties will fall but not to the extent of the 30 per cent to 40 per cent drop predicted by some analysts.'
Banks like Credit Suisse and Barclays Capital have forecast drops of up to 40 per cent in rents and prices, but Citi tips a fall of up to 30 per cent, and largely only in high-end homes.
Citi expects this sector will suffer from falling demand, particularly as expatriates and locals keep downgrading.
That will put downward pressure on rents of prime homes and further pressure on prices, it said.
Citi also said a long downturn like the one that caught out many buyers in the late 1990s and early 2000s is unlikely.
This is because resale volumes are still at above average levels, reflecting strong genuine demand. There is no sign of overbuilding or an overall housing shortage.
Also, mass market homes remain highly affordable and are supported by high rental yields of more than 5 per cent, Citi said.
'Due to the sharp rise, we believe high-end residential is likely to suffer the brunt of the 20 per cent to 30 per cent price decline while the mass market should remain fairly firm.'
The mid-tier segment is likely to fall by 10 per cent to 20 per cent, it said. These are from a high base.
Luxury home prices have surged by 149 per cent since the troughs in 2004.
Prices in the mid-tier and mass-market segments rose by a still robust 79 per cent and 39 per cent respectively.
I love this Paya Lebar Central thing.Originally Posted by mr funny.
When will government start selling land for office building(s)?Originally Posted by UnregĦstered
Master plan is forward looking up to 15 years ahead.Originally Posted by Curious
It may be years later before the first plot is make available for tender, depending very much on market condition.
Geylang lorong was already 2.8 plot ratio in 2003 Masterplan. There was no revision in 2008.
Originally Posted by UnregĦstered
$300 psf?willing to wait will have lah..
Originally Posted by orh gui tao
Mayb u shld consider buying hdb @ $300psf....lol
when tis project TOP?
Dunno. I think 2010.Originally Posted by nicenice
How much is it?
Launching price is around $1000psf onwards.Originally Posted by Aunty123
But swimming pool in the sky leh.Originally Posted by C.X
Good and bad.
Good, can see Singapore Flyer while swimming.
Bad, damn cold man!
The water in the pool will evaporate under the sun?Originally Posted by UnregĦstered
One unit sold in July at $1,000psf? What type is that?
Oh! 2 not 1.Originally Posted by URA
Oops!Originally Posted by H88
Only 110m apart?
The 72 Mickey Mouses from Suites@Guillemard are going to eat up the 72 pieces of "Mega" Cheese in Esta Ruby.
72 for 72?
Just nice?
1,088 is a nice number but 1,188 would be nicer.Originally Posted by URA
why is this so slow in selling? I think this has been in the market for over 3 yrs now. NS direction, decent sized apts. what is the catch?Originally Posted by Reporter
Ehh... because there's chinese words in the main entrance logo... ?Originally Posted by jinxminx99
11 CCL stations open 17 April 2010
Wendy Lim
The Straits Times
Tuesday, 26 January 2010, 12.04 pm
The Paya Lebar interchange station on the CCL will allow commuters to bypass City Hall and Raffles Place interchanges to get to the city and northern parts of Singapore. --Photo: LTA
11 Circle Line (CCL) stations from Bartley to Dhoby Ghaut will open for passenger service on 17 April 2010.
The opening of the new stations, together with the 5 CCL stations already in operation, will help commuters save significant travel time with the enhanced connectivity to existing MRT lines.
The Paya Lebar interchange station on the CCL will allow commuters to bypass City Hall and Raffles Place interchanges to get to the city and northern parts of Singapore.
Some of the new stations will also bring commuters within the doorsteps of various entertainment and recreational facilities, such as the Stadium near the Singapore Indoor Stadium and the Bras Basah station near the National Museum of Singapore.
The 11-km stretch comprises these stations: Tai Seng, MacPherson, Paya Lebar, Dakota, Mountbatten, Stadium, Nicoll Highway, Promenade, Esplanade, Bras Basah and Dhoby Ghaut.
About 200,000 commuters are expected to use the 16 stations from Dhoby Ghaut to Marymount daily.
ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ
Paya Lebar Station
* The Paya Lebar station is an interchange station that connects the Circle Line to the East-West Line.
* It is the first interchange station integrating above-ground and underground lines.
* Commuters can gain access to the station from 3 new entrances located along Paya Lebar Road.
* Connectivity is a key consideration for the station's design. It is seamlessly bridged to the East-West line station via two passageways designed to move high volume of human traffic safely and efficiently.
* The station is designed inhouse by LTA.
_______________________________________________
MRT Circle Line phase 2 opening set to püsh property prices üp: estate agents
Maggie Chong
Channel NewsAsia
Thursday, 28 January 2010, 2008 hrs
A train station on the Circle Line
The opening of the 2nd phase of the Circle Line MRT in April is definitely something to look forward to for residents living nearby. But those looking to sell or rent their homes are set to benefit as well.
Property agents said the opening of the 11 new stations along the Circle Line is likely to püsh property prices üp.
Agents MediaCorp spoke to estimate home prices will increase by 1Ö% while office rents will go up by 20%.
They said estates like Serangoon, Bishan and Paya Lebar have a lot of märkët pötëntïäl while units in industrial estates are also expected to be in high demand.
Eddy Ng, division director, ERA Real Estate, said: "Most of the workers are taking public transport, it can be very accessible for them, if there's an MRT line that leads them back home after work."
No further measures to cool property market for now: Mah Bow Tan
Wong Siew Ying
Channel NewsAsia
Monday, 8 March 2010, 1315 hrs
National Development Minister Mah Bow Tan on Monday said the government will not be introducing more measures to cool the market for now.
He was responding to Members of Parliament who raised concerns about property prices, during debate over the ministry's budget.
Sales of private homes gained momentum in the 2nd half of last year, driving overall prices up by some 1.8% in 2009.
Last month, the government introduced 2 more anti-speculative measures, on the back of a spike in sales transactions in January.
Mr Mah said that while no further measures will be introduced, the government stands ready to do more if there are signs of overheating in the property market.
He assured that there will be an ample supply of private homes to meet demand over the next 2 years.
Mr Mah also spoke on freeing up more land for businesses, when several government agencies move out of the CBD (central business district) to Jurong Gateway and Paya Lebar Central by 2015.
Private Residential Units Sold in the Month of March 2010
Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Esta Ruby ........ RCR ....... 34 ........................ 1 ............................ 1,062 ............ 1,062 .......... 1,062
500 Guillemard Road #05-02
Freehold
$929
1130
$1050k
08 Feb 10
500 Guillemard Road #12-01
Freehold
$1063
958
$1018k
28 Oct 09
Still got over 30 units not sold, any starbuys for 850psf?
Can someone confirm if the private lifts open directly into the units itself? From the floorplan, it looks like it, but that would be rather wierd isnt it?