Investors set to lose S$70m
The impending liquidation of the British company EcoHouse Developments Ltd, which sold Brazilian social housing projects to Singapore property investors, could result in losses to investors around the world of more than S$70 million.
Continue Reading • 2 Feb 2015
HDB turns 55, pioneering staff recognised
Pioneering staff helped HDB grow towards its mission of providing homes to Singaporeans...
Continue Reading • 2 Feb 2015
Singapore's first Islamic endowment villas launched
Development of six semi-detached houses on wakaf land in District 10...
Continue Reading • 2 Feb 2015
New Sungei Seletar bus depot to be ready by Q3 2017
A new Sungei Seletar bus depot will be built close to some Yio Chu Kang properties to accommodate the growing bus fleet in Singapore.
Continue Reading • 2 Feb 2015
Shoebox units still appeal to some home buyers, investors
Measures aimed at curbing the excessive development of shoebox units in the Singapore property market yielded mixed impact on the offering of said units outside the central area.
Continue Reading • 2 Feb 2015
H1 2015 GLS programme to yield 2,530 private homes
The Government Land Sales (GLS) programme for the first half of 2015 (H1 2015) will add to the list of SIngapore properties for sale across six residential sites throughout Singapore.
Continue Reading • 2 Feb 2015
Far East buyers dominate in U.K. low-cost property sector
Property buyers and investors from the Far East, most notably Hong Kong, Singapore, Malaysia and China, account for the largest group of purchasers of low-cost United Kingdom investment property, according to new research.
Continue Reading • 2 Feb 2015
Singapore banks able to weather property market pressure: Fitch
Correction in Singapore’s property market may place modest pressure on the city-state’s banking system loan quality, Fitch Ratings said in a report Friday (30 January). Despite this, the rating agency said local banks – DBS, Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) –...
Continue Reading • 30 Jan 2015
Property owners responsible for fire insurance
The onus is on Singapore property owners to ensure they have the financial means to repair and restore their properties should these properties be damaged in a fire.
Continue Reading • 30 Jan 2015
Singapore bank lending falls in December
Total bank lending in Singapore fell in December to S$607.96 billion from $608.12 billion in November, the Monetary Authority of Singapore (MAS) revealed in its latest monthly statistical bulletin. The drop comes after a rise posted in November from October following two consecutive months of...
Continue Reading • 30 Jan 2015
2015 budget a possible sign of nearing election?
Special transfers tend to be visibly higher in an election year...
Continue Reading • 30 Jan 2015
More tenants prefer shorter leases
The softening rental market saw more tenants going for shorter leases when it comes to Singapore properties for rent.
Continue Reading • 30 Jan 2015
Marina One Residences' second block to be launched in 2017
In the hopes of achieving better prices later, developer M+S will hold back the release of the remaining residential units at its latest District 2 property, Marina One Residences.
Continue Reading • 30 Jan 2015
New exhibition space for research on urban living launched
Singapore has a new dedicated exhibition space for research on urban living with the support of the private sector to implement new ideas involving Singapore properties
Continue Reading • 30 Jan 2015
Three buildings in National Orchid Garden to be enhanced
The National Orchid Garden will be enhanced to showcase more orchid varieties, and all three buildings will be upgraded to meet energy efficiency and sustainability requirements.
Continue Reading • 30 Jan 2015
No go for columbarium in Sengkang: Khaw
The land will be restored for use as a Chinese temple, says Khaw...
Continue Reading • 29 Jan 2015
3-month SIBOR surges 1.3% as MAS adjusts monetary policy
Following the central bank’s unexpected move to slow the Singapore dollar appreciation, the three-month Singapore Interbank Offered Rate (SIBOR) posted a 1.3 percent rise Wednesday (28 January) to 0.653 percent from Tuesday’s 0.644 percent. The three-month SIBOR is commonly used to price most...
Continue Reading • 29 Jan 2015
Review of cooling measures tops wish list
A survey shows participants wish the government could review its cooling measures for Singapore properties.
Continue Reading • 29 Jan 2015
Private home prices down 1.2%: SRPI
Based on flash estimates for the Singapore Residential Price Index, Singapore property prices dropped by 1.2 percent last month, higher than the 0.4 percent drop registered in November.
Continue Reading • 29 Jan 2015
Smaller dormitories are regulated too: MOM
It is necessary to impose additional requirements for the larger dormitories, the Ministry of Manpower said but smaller dormitory properties are regulated too.
Continue Reading • 29 Jan 2015