Singapore Property News This Week #107

Residential

Jewel@Buangkok draws strong response

203 out of the 280 units at 616-unit Jewel@Buangkok were sold. Average selling price was about $1,150 psf which includes an early-bird discount. 84% of buyers are Singaporeans, many were young couples, PMEBs (professionals, managers, executives and businessmen) and HDB upgraders. 16% of buyers were foreigners and PRs from Malaysia, China, Indonesia, Taiwan, Hong Kong, Australia, the United States and Japan. Jewel@Buangkok, the six towers with heights of 15-17 storeys includes one to five-bedroom apartments, dual-key units and penthouses with a size of 463 sq ft to 1,701 sq ft. 2 out of 5 penthouses of the project were sold. Jewel@Buangkok is conveniently located near Buangkok MRT which is close to various shopping malls, parks and schools.

(Source: Business Times)

Possibility of oversupply for private housing land

Some property consultants are expecting the Ministry of National Development (MND) to maintain the land supply for private …