Around 45 percent of Lake Life’s buyers were first-time buyers, revealed developer Evia Real Estate and reported in the media.
“We didn’t expect such a big group of first-timers,” said Vincent Ong, Managing Partner at Evia Real Estate. “We found that Lake Life has a lot of them, and a lot are younger than the rest of Singapore.”
The HDB resale price index (RPI) will be updated to make it more representative of the variety of flats on the resale market, such as proximity to amenities, age, and floor level, according to the housing board.
The revised index will also make better use of data and provides superior quality control.
In a statement, HDB said the index, which shows the general price trend of resale flats, was last revised in 2002.
Hiap Hoe Group is selling its high-end condominium, Treasure on Balmoral, to its controlling shareholder, Hiap Hoe Holdings, to dodge hefty extension fees under the qualifying certificate (QC) rules, reported the media.
In a statement, the company revealed Hiap Hoe Holdings, which owns 69.85 percent of Hiap Hoe, is buying all 48 units in the upscale condominium development in District 10 for $72.83 million after accounting for shareholder loans and other liabilities. The purchase price is based on a market value of $185 million or $1,789 psf for the 103,439 sq ft project.
A 33-year-old mixed development at Orchard Road is up for collective sale for the first time, revealed marketing agent JLL.
Located opposite The Paragon shopping mall, the freehold Thong Sia Building (pictured) sits on 21,602 sq ft of land, consisting of seven levels of commercial space and another 19 floors of 37 apartment units.
The Urban Redevelopment Authority (URA) confirmed the existing gross floor area (GFA) is approximately 156,300 sq ft with a plot ratio of about 7.236.