June Lim

/June Lim

About June Lim

This author has not yet filled in any details.
So far June Lim has created 6 blog entries.

Prospects of landed homes looking bright as sentiment improves

Demand for landed residential property is starting to pick up as seen from the rise in the number of transactions. THE landed property market remains in the doldrums, after 15 consecutive quarters of price decline. In the first half of 2017, landed property prices fell 2.1 per cent, slightly less than the corresponding period in 2016, which saw a decrease of 2.6 per cent. On the other hand, the non-landed segment prices have started to show signs of stabilisation with prices only falling 0.1 per cent in H1 2017. The current trend is a divergence from previous cycles as landed and non-landed prices tend to move in tandem at the beginning of a market recovery. Nonetheless, green shoots of recovery have started to appear, and landed volumes have seen a steady rise on the back of improving sentiments. With demand starting to pick up, is the market approaching an inflection point? COMMON THEME Over the past [...]

2018-03-19T21:31:55+00:00 November 10th, 2017|Blog and News|Comments Off on Prospects of landed homes looking bright as sentiment improves

Amber Park sets freehold collective sale record

City Developments Limited (CDL) is taking a second bite of the cherry with plans to redevelop Katong condominium Amber Park, which it built in 1986, into a far bigger project. It beat seven other bidders with a $906.7 million offer as the 200-unit estate finally made good on its fourth attempt at a collective sale. With a price tag well above the $768 million reserve, Amber Park has also set a record by dollar value for freehold properties sold en bloc. CDL lodged the bid through its Cityzens Development subsidiary and a joint-venture partner from parent Hong Leong Group in an 80:20 pairing. It plans to turn the 213,675 sq ft plot into a condominium of around 800 luxury apartments, spread over four 25-storey towers. No development charge is needed for the site, which has an allowable gross floor area of roughly 598,290 sq ft. Amber Park home owners stand to make $4.3 million each for [...]

2018-03-19T21:40:08+00:00 November 8th, 2017|Blog and News|Comments Off on Amber Park sets freehold collective sale record

Hong Kong-listed Logan Property bags Florence Regency for S$629m

FLORENCE Regency, a privatised HUDC estate in Hougang, has finally found a buyer who is willing to match the independent valuation of S$629 million - and that buyer is Logan Property. Florence Regency's sole marketing agent JLL said that the Singapore-incorporated subsidiary of the Hong Kong-listed Chinese developer has picked up the 336-unit development at Hougang Avenue 2 for S$629 million through a collective sale. This marks the second land parcel in Singapore snapped up by Logan Property, which had in May tabled the top bid with Nanshan Group for a 21,109 square metre site in Stirling Road under the Government Land Sales programme at a whopping S$1.003 billion or S$1,050.7 per square foot per plot ratio (psf ppr). The public tender for the collective sale of Florence Regency had closed on Sept 27 with three bidders refusing to raise their bid prices to match the valuation. The collective sale agreement drafted by law firm Lee [...]

2017-11-12T21:45:46+00:00 November 7th, 2017|Blog and News|Comments Off on Hong Kong-listed Logan Property bags Florence Regency for S$629m

5 foreign nationalities snapping up Singapore property in 2017

Foreigners are making a comeback in Singapore’s residential property market after pulling back from it in 2012, following the implementation of the additional buyer’s stamp duty (ABSD). Based on the number of caveats lodged, statistics by the Urban Redevelopment Authority (URA) show that purchases by foreigners increased by 48% to 794 units in 1H2017 compared to 535 units in 1H2016, while those by permanent residents (PRs) rose by 32% to 1,876 units in 1H2017 from 1,416 units in 1H2016. To provide a comparison, private property purchases made by Singaporeans rose by 69% to 8,950 units in 1H2017 from 5,297 units in 1H2016. In this article, we will look at the top foreign nationalities who have been snapping up private residential properties in Singapore, as well as where they are buying in 2017, based on URA statistics.   1) Chinese Buyers from China have consolidated their position as the top buying group in Singapore over the past [...]

2017-11-12T21:45:46+00:00 November 6th, 2017|Blog and News|Comments Off on 5 foreign nationalities snapping up Singapore property in 2017

Fewer launches as developers await upturn

DEVELOPERS launched just 73 private homes last month - less than a tenth of what they released in August, and the lowest figure since December 2014's 53 units. The Chinese Festival of the Hungry Ghosts, two-thirds of which fell in September, may have been partly the reason for this, but observers suggest that developers have also been holding back on launches of private residential projects lately, in the hope of riding a price recovery next year. Lee Nai Jia, head of research in Edmund Tie & Company, said: "A few developers have stopped selling their projects and closed their showflats for now, and will probably re-open them after Chinese New Year. "I sense developers are holding back new launches with the approaching year-end school holiday and travel season. It makes more sense for developers to gear up for launches after Chinese New Year, when demand can be expected to be strong, supporting higher prices." With fewer [...]

2017-11-12T21:45:46+00:00 November 5th, 2017|Blog and News|Comments Off on Fewer launches as developers await upturn

Testimonial from Ms Corinne Teng

 I first met June in 2008 to renew a rental unit for my staff.  I found her approachable and helpful. She explained the terms of the contract clearly and also do the necessary follow-up. After its expiry, I engaged her to look for another residential unit for my company staffing needs. Despite some ‘hiccups’ dealing with the Landlord, June through her meticulous work ethics was able to manage the whole process very professionally. When I decided to invest in a new condo, June was able to provide me with important timely updates and advice prior to the launch. When she got news that the developer was about to open the show flat, she waited many hours in the queue on my behalf- much to my amazement.After successfully buying my first investment property, June was able to help me sell it subsequently at a profit.  After transacting a few properties through June, I have found her to [...]

2017-11-12T21:45:46+00:00 October 31st, 2017|Testimonial|Comments Off on Testimonial from Ms Corinne Teng