Private residential sale has increased in price on the last quarter

Prices of completed non-landed private homes in Singapore continued to rise in December at 0.6 percent, following a revised 1.6 percent hike during the previous month, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI).

Parc Botannia, a property advancement in Fernvale Close, will certainly be installed for en bloc sale tomorrow (3 February) with an overview rate of $33.6 million.

Excluding small units, home prices in the central region rose 0.5 percent in December, down from the 1.8 percent increase registered in November.

The development was integrated in 1993 on 21,281 sq feet of land. Found near Kembangan Plaza and also regarding 370m from Kembangan MRT terminal, the edge story is zoned for property usage under the 2014 Plan of attack with a gross story proportion of 1.4.

Advertising representative Century 21 disclosed that a growth fee of regarding $1.33 million is payable for the site. Nevertheless, consisting of the 10 percent gross flooring location for terraces, the land price would certainly be a reduced $1,108 psf ppr.

This indicates that the Parc Botannia site might be redeveloped right into a structure of as much as 5 floors high

Meanwhile, prices of small units measuring 506 sq ft or below held flat in December, after it rose 1.1 percent in November.

As well as given that all 16 proprietors have actually granted the sale, there is no should acquire an authorization of sale from the Strata Titles Board.

Parc Botannia showflat

Prices in the non-central region climbed 0.7 percent, also lower compared to the 1.4 percent growth seen during the previous month.

The central region sub-basket comprises properties found in postal districts 1 to 4 as well as 9 to 11. Properties located in the other postal districts fall under the non-central region sub-basket.

This exercises to a land price of $1,173 psf each story proportion (psf ppr).