Developer’s map blunder sparks row with Indonesia
Following a Singapore-based developer’s map blunder, which gave the wrong impression that Indonesia’s Pulau Manis islands are part of the city-state, Jakarta announced on Wednesday (1 June) that the issue has been resolved...
Continue Reading • 2 Jun 2016
Drone invasion irks condo developer
The operation of drones in Singapore is in the spotlight once again, after an alleged incident involving one flying into the construction site of a condominium in Redhill raised serious concerns...
Continue Reading • 2 Jun 2016
More foreign workers in Singapore, but rents still falling
Even though more foreigners are coming to Singapore to work, rents of residential properties continue to fall further, according to media reports. The rental index has declined by roughly 10 percent since 2013,...
Continue Reading • 2 Jun 2016
Former property agent jailed, fined $100k for corruption
For bribing a development firm’s executive to get VIP access to a property launch, a former real estate agent was fined $100,000 and sentenced to imprisonment for 12 weeks, media reports said...
Continue Reading • 1 Jun 2016
S’pore businessman buys island for $5.5m
An unnamed Singaporean businessman has purchased an island measuring around 300ha off Tasmania’s northeast coast for nearly AU$5.5 million, media reports said...
Continue Reading • 1 Jun 2016
Nominations closing soon for South East Asia Property Awards (Malaysia)
The final deadline for submission of nominations for the South East Asia Property Awards (Malaysia) 2016 is this Friday, 3 June, said awards organiser Property Report...
Continue Reading • 1 Jun 2016
How technology will transform Asean’s property market
Asean countries could soon overtake other developing nations by embracing new technologies that transform the way people live, work and play, revealed a JLL report...
Continue Reading • 31 May 2016
Developers of Gem Residences forced to tweak triple-key units
The URA has instructed the developers of Gem Residences in Toa Payoh to build only one kitchen for each triple-key unit instead of three as shown in the sales brochure, media reports said...
Continue Reading • 31 May 2016
High demand for AMK, Bedok BTO flats
The results of the Housing Board’s latest Build-To-Order (BTO) sales exercise, which closed on Monday (30 May), shows that buyers still favour flats in mature estates, media reports said...
Continue Reading • 31 May 2016
Qingjian awarded Bukit Batok mixed-use site
A 99-year leasehold mixed-use site at Bukit Batok West Avenue 6 has been awarded to Qingjian Realty, the Urban Redevelopment Authority said on Monday, 30 May...
Continue Reading • 31 May 2016
Resale condo prices up 0.3% in April: NUS index
Prices of completed condos in Singapore rose by 0.3 percent in April 2016, after falling by 1.1 percent in the previous month, according to latest flash estimates of the NUS price index...
Continue Reading • 30 May 2016
London mayor promises crackdown on foreign property buyers
London's new mayor Sadiq Khan plans to introduce restrictions on foreigners looking to buy property in London, in an effort to combat money-laundering, media reports said...
Continue Reading • 30 May 2016
Sales at Gem Residences lose sparkle
Despite selling close to 300 of its 578 units within four hours during a VIP sales booking last Friday (27 May), Gem Residences in Toa Payoh only sold about 15 units on the first weekend of sales,...
Continue Reading • 30 May 2016
Singapore developer makes history at property industry Oscars
Far East Organization is the first Singapore property developer to win two World Gold prizes in a single competition at the recent FIABCI World Prix d'Excellence Awards,...
Continue Reading • 30 May 2016
Strong pent-up demand for strata landed homes in Iskandar
UEM Sunrise, the master developer of Gerbang Nusajaya, a 4,551-acre commercial and business precinct in Iskandar Puteri in Johor, has reported strong sales at Melia Residences,...
Continue Reading • 30 May 2016
Car loan rules eased, property measures next?
The Monetary Authority of Singapore (MAS) this week raised the maximum loan-to-value (LTV) ratio for motor vehicles to 60 to 70 percent, from 50 to 60 percent previously...
Continue Reading • 28 May 2016
Gem Residences sells 300 units within four hours
Around 300 units at the 578-unit Gem Residences in Toa Payoh were snapped up during its VIP sales booking day on Friday (27 May), bucking the trend of slow home sales in the private housing market...
Continue Reading • 27 May 2016
CDL in potential PPS deal worth $350 million
According to media reports, CDL has appointed JLL to help search for potential investors for its third Profit Participation Securities (PPS) platform, which involves three residential projects...
Continue Reading • 27 May 2016
S'pore property market closer to bottom than HK
LaSalle Investment Management believes that Singapore’s real estate market could reach its lowest level sooner than Hong Kong, media reports said...
Continue Reading • 27 May 2016
Hacker houses take root in Singapore
As more startups emerge in Singapore, some people are trying the concept of working and living together with their colleagues under one roof, according to media reports...
Continue Reading • 27 May 2016