Mounting fees pressuring developers to cut prices
A total of $55.1 million in extension fees were paid by developers due to remaining unsold units in private condo projects since 2012, revealed a study by OrangeTee Research.These companies could potentially shell out another $80.7 million to prolong the sales period by another year if they fail...
Continue Reading • 9 Jun 2014
Urban planning R&D centre to open in Singapore
Electricite de France (EDF) will set up its Asian Sustainable Cities Centre of Excellence in Singapore.The research and development (R&D) centre, devoted to urban planning, aims to develop and perform new partnerships with local agencies as well as other cities in the region.Last year, EDF...
Continue Reading • 9 Jun 2014
VIP preview for The Crest
Wing Tai will be showcasing its latest project – The Crest @ Prince Charles – at a VIP preview next weekend (June 14/15).The 99-year leasehold project in District 10 (pictured) is a joint venture between Wing Tai, Metro Australia Holdings Pte Ltd and Maxdin Pte Ltd. It will feature...
Continue Reading • 9 Jun 2014
Malaysia in the Singapore spotlight
Singaporean property buyers and investors were out in force on Saturday, attending the first day of what is the biggest Malaysia Property Show to ever take place in the city-state.The event at Marina Bay Sands, Level 3, features more than 20 property developments from across Malaysia, and for the...
Continue Reading • 7 Jun 2014
Singapore buyers top in Dublin, 2nd in Paris
Singapore-based buyers are the leading overseas buyers of luxury residential property in Dublin. Ireland, and are ranked second in the French capital, Paris.These facts are revealed by Knight Frank in its European Cities Review research report, which also notes that Singapore buyers are the third...
Continue Reading • 7 Jun 2014
Vote now for MIPIM Asia awards
Voting for the 8th edition of the MIPIM Asia Awards is now open, offering developers the chance to received one of the most distinguished forms of recognition in the industry.Rewarding the most outstanding real estate projects in Asia-Pacific, the MIPIM Asia Awards this year features a total of...
Continue Reading • 7 Jun 2014
Buyer's market at property auctions
The JLL auction on 29 May saw a B1 factory unit sold at $1.55 million. The unit on the fifth storey at the Vertex in Ubi was the only property sold at the auction among a list of six properties.Properties left unsold at the auction includes a three-storey corner terrace on Eng Kong Drive and a...
Continue Reading • 6 Jun 2014
Next big thing in Singapore property
Catch a glimpse into the future development of Singapore. That’s what an upcoming public enrichment seminar jointly organised by property agency ERA and the RIA School of Real Estate promises to do. Taking place this Sunday (8 June) from 2:30 to 4:30pm at the Hersing Hub Auditorium in Toa...
Continue Reading • 6 Jun 2014
Biggest Malaysia show at MBS
Demand for Malaysian property investments from Singapore-based buyers has never been stronger, with the country accounting for more than half of all overseas property purchases from Singapore last year.Building on that popularity, this weekend will see the largest ever Malaysia Property Show to...
Continue Reading • 6 Jun 2014
Vote now for industry excellence
Finalists for this year’s Real Estate Investment World (REIW) Awards for Excellence have been announced, and votes are now being sought to decide the winners.Held alongside the REIW Asia 2014 conference, the awards honour leading industry organisations for their ability to demonstrate...
Continue Reading • 6 Jun 2014
Heritage experts: Save these sites from redevelopment
Heritage experts and architects have identified 45 structures in Singapore that are worthy of conservation and considered “sacred”, according to media reports.Among them are Newton Food Centre, Hong Lim Park fountain and the Shuang Long Shan Ancestral Hall, a Hakka memorial hall from...
Continue Reading • 5 Jun 2014
Chief Minister to visit biggest Malaysia show in Singapore
The Chief Minister of Penang, Lim Guan Eng, will be in Singapore this weekend for what will be the biggest Malaysia Property Show to take place in the city-state.The exhibition will feature more than 20 property developments from throughout Malaysia, and for the first time will include a...
Continue Reading • 5 Jun 2014
Sales momentum drops after launch
Property developments that registered brisk sales during their launches seem to have waned as home buyers take their time to snag the best buy.World Class Land’s Waterfront@Faber condo, for instance, sold 86 units at an average price of $1,280 psf since going on sale two weeks ago.The...
Continue Reading • 4 Jun 2014
Infrastructure finance boost for Asia
Asia’s gross domestic product (GDP) can rise by as much as 2.5 percent over 10 years by improving financing options for infrastructure projects.Singapore’s Minister for Trade and Industry, Lim Hng Kiang, was speaking at the World Bank Singapore Infrastructure Finance Summit at the...
Continue Reading • 4 Jun 2014
24% of S'pore buildings are green
The Building & Construction Authority (BCA) has granted the Green Mark certification to about 2,000 new and existing buildings in order to give recognition for their use of eco-friendly features.Apart from being a record number, the figure accounts for more than 24 percent of all buildings in...
Continue Reading • 3 Jun 2014
Govt unlikely to remove curbs soon
Home prices are likely to fall further before the government rolls back the property cooling measures which were imposed since 2009, according to Standard Chartered in media reports.“You would start to take away some of these measures if price growth reaches a certain level of...
Continue Reading • 2 Jun 2014
Eye on Pasir Ris: Going Back East
Tucked away in the east, Pasir Ris remains a popular estate supported by good amenities and infrastructure as Muneerah Bee discovered. Pasir Ris may be the last stop on the East-West MRT line, but with the high number of residents calling it home, it seems to have defied the perception of being a...
Continue Reading • 30 May 2014
Govt may further trim confirmed list supply: experts
Majority of property consultants polled by the media expect the government to further reduce land supply for private housing development in the confirmed list in the upcoming H2 2014 Government Land Sales (GLS) Programme, given the sharp decline in home sales as well as the substantial supply...
Continue Reading • 30 May 2014
Asia expansion for Luxury Portfolio
Luxury Portfolio International, the luxury marketing division of Leading Real Estate Companies of the World, has responded to increasing interest in luxury real estate from Asia by opening a corporate office in Singapore.The Raffles place office will serve the company’s existing network of...
Continue Reading • 30 May 2014
Private resale home prices down 1%
With developers launching more new units in the market, resale prices of private homes slid further in April, according to the Singapore Residential Price Index (SRPI) published yesterday.On a monthly basis, overall prices dipped by one percent in April compared to the 1.4 percent drop in the...
Continue Reading • 29 May 2014