March 6, 2026
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Savills: Private residential rents at highest levels in 24 years

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Significantly, Savills highlights that the top 2 tasks with the highest non-landed household real estate are freshly completed tasks in the Rest of Central Area (RCR). They are Stirling Residences and also Park Colonial.

Savills keeps in mind that the monthly rental attained at those two projects is comparable to those at prominent advancements in the Core Central Region such as The Sail @ Marina Bay ($ 6.24) as well as Marina One Residences ($ 6.64).

Using EdgeProp’s research study tools, Stirling Residences has an average rent of $7.1 psf per month (pm), while Park Colonial has an average rent of $6.5 psf pm.

On EdgeProp’s residential or commercial property research tool, users can find details of an exclusive property growth.

Generally, household leasing volume in 3Q2022 rose 20.5% q-o-q to a total amount of 25,382 deals. This is the largest quarterly rise in leasing quantity given that 3Q2020 when rental purchases increased 34.6% q-o-q.

Leas of landed and also non-landed properties videotaped quarterly boosts of 10.9% and 8.3% in 3Q2022. According to Savills Singapore, the rental index of these residential property types struck record levels in 24 years because the beginning of the URA time series in 4Q1998.

Bukit …

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Home Buyers

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There are several Westwood Residences buyers who are seeking for real estate around the MRT stations as property analysts believe condo properties situated near MRT stations has proven that selling prices tend to increase as the general economy starts to pick up. However, you will find indeed a great number of unsold developer units within the jurong region hence numerous buyers are cautious when shopping for a unit in the jurong gardens vicinity. This has resulted a number of home buyers to ask for discounts from the developers in an effort to decrease the selling prices of the units.
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Westwood Residences Home Buyers

Westwood Residences developers are currently more than willing to negotiate as real estate property cooling meaures has caused condo prices to drop for 4 continuous quarters. Inside the 3rd quarter of 2014, luxury home purchase prices fell 0.4 % quarter-on-quarter. In the mean time, luxury segment of the property market slow to a crawl with only 1 condominium was sold in Sentosa Cove, further highlighting deficiency of sales in the luxury segment.

Westwood Residences Home Buyers

Real Estate Activity of Westwood Residences Drop

Despite the fact that the city state dropping development activity …

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Buying Sentiments of Westwood Residences

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Lots of HDB upgraders, or singles and also newlyweds looking for their own 1st family homes may be looking for Westwood Residences EC in Jurong as their choice homes. However, the Total Debt Servicing Ratio (TDSR) framework might just be putting the buyers off as they do not have enough to loan.

Whilst figures shows dropping manufacture activity is actually negatively impacting on the city state’s economy, a drop in estate selling prices can potentially result in a more significant threat, in line with mass media reports as many buyers are not able to purchase their dream home. Indeed, figures show that it is negatively affected as the town state’s economy grew by merely 1.4% in Q3 2014 yearly, while many economic experts surveyed by Reuters have been expecting a 1.8 percent increase.

Westwood Residences EC Buying Sentiments

Developers have previously enjoyed the Arina East Residences gains within the residential house price uphill cycle from 2005 and hence many developers are not willing to reduce their prices as they have a strong balance sheet to withstand slow sales. On the other hand, potential purchasers are very aware of the current downtrend in prices plus they …

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Penrith Margaret Drive The Ideal Location for Families with Older Children Seeking Top Junior Colleges and Tertiary Institutions

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Situated right beside Queensway Shopping Centre is IKEA Alexandra, a well-known and popular destination in the area. As one of the biggest furniture retailers, IKEA requires no introduction, and their Alexandra branch provides the complete IKEA experience, from home furnishing solutions to Swedish delicacies like meatballs. It serves as an excellent source of inspiration for interior design and home improvement for local residents. The convenient location of IKEA also adds to the appeal for homeowners in Penrith looking to decorate or renovate their homes, particularly for new buyers moving into Penrith Margaret Drive. Additionally, IKEA’s affordable and functional products make it an ideal choice for those who value practical and stylish living.

But it’s not just about junior colleges in Penrith Margaret Drive. The neighborhood is also home to several renowned tertiary institutions, making it an ideal location for families with older children who are looking to pursue higher education. The University of Penrith, one of the top universities in the country, is just a short drive away from Penrith Margaret Drive. This university offers a wide range of undergraduate and postgraduate courses, ensuring that students have a diverse selection of programs to choose from. With its state-of-the-art facilities …

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People’s Park Centre launched for collective sale at $1.8 bil

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The historical Individuals’s Park Centre has been put up for sale via cumulative tender at a reserve cost of $1.8 billion. ERA has been assigned as the sole advertising and marketing firm.

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Located at 101 Upper Cross Street, the growth is next to the Chinatown MRT Station (on the North-East Line and Downtown Line) as well as a short drive to the CBD.
Currently, the mixed-use growth contains 324 retail units, 256 office units and also 120 domestic systems, in addition to a carpark.

Completed in 1970, the 99-year leasehold site spans an acreage of 95,457 sq ft with an allowed gross story ratio of 8.6, translating to a maximum built-up area of 821,017 sq ft. ERA estimates the land cost at $2,620 psf ppr after taking into account the differential costs as well as lease top up to a fresh lease.

People’s Park Centre is positioned in the historical area of Chinatown. Famous landmarks including the Chinatown Heritage Centre and also Upper Barracks remain in the location. Chinatown Point and China Square Central are retail malls that are popular with residents and travelers. University such as River Valley Primary School, Zhangde Primary School as well as Outram …

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