Govt to explore easier ways for seniors to monetise flats
The government is looking into ways to make it easier for retirees to monetise their flats, Prime Minister Lee Hsien Loong said in his National Day Message on 8 August. Acknowledging Singapore’s ageing population, PM Lee said seniors need to be assured they can retire happily, and most of them...
Continue Reading • 11 Aug 2014
Price drops may continue for 12-18 months
With private home prices falling by just two to three percent in H2 2014, it could take another 12 to 18 months of price drops before the government may consider recalling some of its existing property cooling measures, said Steve Melhuish, CEO and Founder of PropertyGuru, in media reports....
Continue Reading • 11 Aug 2014
Singapore's future population still uncertain: Chan Chun Sing
The numbers of six million and 10 million have been floated around whenever the discussions turn to Singapore's possible population size, said media reports. However, Social and Family Development Minister Chan Chun Sing put forward another potential figure: a population of below four million....
Continue Reading • 11 Aug 2014
ERA celebrates National Day
Property agency sets new Singapore record. Singapore's largest property agency celebrated the nation's 49th birthday last Tuesday with a day of fun. Some 1,200 people including ERA teammates, salespersons, guests and industry partners attended the grand celebration at Toa Payoh stadium,...
Continue Reading • 11 Aug 2014
Sengkang residential sites awarded to consortium
The consortium comprising CEL Development and Unique Residence has been awarded the tenders for two residential sites at Fernvale Road. The developers submitted the highest bid of $234.9 million and $252.1 million for Parcel A and Parcel B respectively. The residential sites were launched...
Continue Reading • 11 Aug 2014
Singaporeans look to Vietnam
Property buyers are investors from Singapore are increasingly turning their focus on real estate investments in Vietnam. According to several media reports Singapore real estate agency SLP recently met with the Real Estate Association in Vietnam seeking investment opportunities. Tricia Teo,...
Continue Reading • 11 Aug 2014
UOL posts 50% decline in profit
UOL Group Limited has announced net attributable profit of S$211.7 million for the second quarter ending June 30, 2014, down 51 percent from S$431.4 million previously due mainly to lower fair value gains from the group and associated companies’ investment properties. Fair value gains from the...
Continue Reading • 11 Aug 2014
Shortlist for Excellence revealed
In Australia, the Real Estate Institute of New South Wales (REINSW) has announced the finalists for the 17th annual REINSW Awards for Excellence. REINSW President Malcolm Gunning said it was a great honour to be recognised as finalists at the prestigious awards. He said: “We are delighted...
Continue Reading • 11 Aug 2014
Renting may increase school admission chances
Parents in search for a home near a school of their choice may not need buy within the neighbourhood in order to increase their children's chance of being accepted. Sometimes, it would be better to just rent the property, according to a commentary in the media. The distance of one's home to a...
Continue Reading • 8 Aug 2014
SGX welcomes Chinese developer
China-based property player Chiwayland International Ltd traded on the main board of the Singapore Exchange (SGX) for the first time on Wednesday. The company also embarked on its maiden overseas foray in Brisbane, Australia via a 50:50 joint venture with Property Solutions Pty Ltd, a...
Continue Reading • 8 Aug 2014
Thai confidence at 11-month high
Confidence among Thailand consumers is at an 11-month high last month according to the latest University of the Thai Chamber of Commerce (UTCC) Consumer Confidence Index (CCI) . According to UTCC’s Center for Economic and Business Forecasting Director Thanawat Polvichai, the index has...
Continue Reading • 8 Aug 2014
Eye on Orchard: The cream of the residential crop
There's more to Orchard Road than retail therapy and tourism, as Muneerah Bee explores. While Orchard is known as the shopping mecca of Singapore, housing areas are also nestled in the area. In fact, as early as the 1860s, Orchard Road had a great number of private houses and bungalows on...
Continue Reading • 8 Aug 2014
Iconic London tower up for sale
The Gherkin skyscraper could fetch up to £640 million. The Gherkin, a landmark office building at 30 St Mary Axe in the City of London has been put up for sale, revealed joint marketing agents Savills and Deloitte Real Estate. Some media reports in the UK said the price is expected to reach...
Continue Reading • 8 Aug 2014
EcoHouse closes its SG office
EXCLUSIVE: The Singapore offices of Brazil social housing developer EcoHouse have closed. The units at Suntec Tower 2 were opened by the company in February 2013 with a series of events for its Singapore-based investors. In 2012 the company is reported to have sold more than 1,200 individual...
Continue Reading • 7 Aug 2014
Send a video to OCBC and win a home loan
To commemorate Singapore’s 49th National Day, OCBC has launched a video contest, in which all participants will be eligible for a variable mortgage package with low interest rates, according to media reports. The interest rate for the first year is fixed at 0.49 percent, while the second and...
Continue Reading • 7 Aug 2014
Jervois Road GCB sold for $18.8m
City Developments Limited (CDL)’s Chief Investment Officer Sherman Kwek has acquired a Good Class Bungalow (GCB) located near the junction of Jervois Road and Tanglin Road for $18.8 million, according to media reports.
Continue Reading • 7 Aug 2014
Singapore's prime prices dip 7.7%
Prime residential prices across the cities on Knight Frank’s latest Prime Global Cities Index rose by 6.2 percent on average in the year to June 2014. However, Singapore is listed at the bottom of the list of 32 cities as its prime prices dropped 7.7 percent in June 2014 from June 2013....
Continue Reading • 7 Aug 2014
Developers submit top bids for two Sengkang sites
UPDATED: The tender for the two residential sites at Fernvale Road has closed, the Urban Redevelopment Authority (URA) said today. Parcel A received four bids with CEL Development and Unique Residence jointly submitting the highest bid of $234.9 million. The same pair of developers also...
Continue Reading • 7 Aug 2014
Crowdfunding site's revenue crosses $1 million mark
As at early August 2014, CoAssets has crossed the $1 million revenue mark within their first year of operation. “This figure is a combination of collected income as well as MOUs signed with the various developers, who will be using our crowdfunding services in the coming months. Profit wise,...
Continue Reading • 7 Aug 2014
Leo touch for 10 Trinity Square
The award-winning and internationally recognised hotelier Grace Leo, has been appointed Vice President of the Beijing-based multinational developer Reignwood Investments U.K. Limited where she will play a pivotal role in the redevelopment of the landmark Ten Trinity Square (pictured).Joining her...
Continue Reading • 6 Aug 2014