25 Nov '14, 4am

#singapore #property Prices of 2 Sentosa condos reduced by $1,000 psf: Two apartments a...

Comment E-mail to friend Bookmark & Share Two apartments at Turquoise, a luxury condominium in Sentosa Cove, have entered the market at low prices that could result in losses of nearly $3 million each, according to media reports. Reportedly held by the same owner, the units are up for sale for about $4.5 million to $4.6 million each or $1,600 psf. But both 2,777 sq ft condos were purchased in November 2007 for about $2,600 psf, while prevailing prices are within $2,000 psf to $2,200 psf. This means the owner could suffer losses of around $2.7 million for each apartment. Nevertheless, the estimated losses are still less than those recorded by two similarly-sized condos sold earlier at the 91-unit Turquoise. In July, two apartments were auctioned off for around $1,400 psf via mortgagee sales. But because these units were bought for about $2,550 in 2009, the losses reached up...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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#singapore #property Sentosa to study possible ...

propertyguru.com.sg 24 Nov '14, 4am

Comment E-mail to friend Bookmark & Share Sentosa is expected to undergo major redevelopment plans over the next five year...

Community Solar Prices at All-Time Low

renewableenergyworld.com 24 Nov '14, 3pm

It’s been widely publicized that the cost of residential solar electric systems in the United States is falling faster tha...

#singapore #property Private property prices remain high: MAS: Private property prices

#singapore #property Private property prices re...

propertyguru.com.sg 28 Nov '14, 5am

MAS added the government’s property measures have contributed to restoring financial prudence, but the likelihood of highe...

#singapore #property 31% of private home in Q3 sold for less than $1 million: Only 777

#singapore #property 31% of private home in Q3 ...

propertyguru.com.sg 24 Nov '14, 5am

The biggest number of new units sold for less than $1 million in Q3 are mainly located in suburban areas. The Panorama (pi...

Two luxury homes face nearly $3m in losses each as property market remains weak. Learn More

Two luxury homes face nearly $3m in losses each...

srx.com.sg 25 Nov '14, 1am

Two luxury homes in Singapore are on the market at prices that would mean losses of nearly $3 million each as the local pr...

Larger share of $2 million homes sold in Q3

propertyguru.com.sg 27 Nov '14, 9am

“The units sold in the secondary market tend to be older units, which are generally larger in size. This has contributed t...

Private #property prices still elevated: #MAS

Private #property prices still elevated: #MAS

businesstimes.com.sg 27 Nov '14, 10pm

THE cooling measures in the property sector have had a clear drag on demand in housing loans, yet private home prices simp...