S'poreans still buying Johor homes despite vehicle entry fee
Singaporeans are still keen on buying homes and commercial lots in Johor even as the government plans to impose a Vehicle Entry Permit (VEP) fee on foreign vehicles entering the Malaysian state, said R&F Properties Sales Executive Chan Fook Kee and reported in the media.This is because the...
Continue Reading • 31 Jul 2014
Chinese firm to revamp Bottle Tree Park
Yishun’s Bottle Tree Park is set to close next month, after its current management was outbid by a Chinese firm, which plans to turn the seven hectare site into a leisure park with more F&B options and activities like fishing and camping, according to media reports.“The project...
Continue Reading • 31 Jul 2014
Illegal for Singaporean agents to offer services in Malaysia
Some Singaporean real estate agents are breaking Malaysian law by offering their services across the causeway, according to media reports. It is illegal for them to solicit for customers in the Malaysian market, as real-estate negotiators must be registered with the Board of Valuers, Appraisers...
Continue Reading • 31 Jul 2014
Lian Beng's revenue up 49.1%
Lian Beng Group’s revenue surged 49.1 percent year-on-year to $753.9 million, while itsnet profit was up 38.7 percent to $127 million.The record turnover was due to revenue increases in almost all its business segments, such as external sales of its construction segment and external sales...
Continue Reading • 30 Jul 2014
Thomson Line on track to open from 2019
The Land Transport Authority (LTA) has awarded the last three civil contracts for Thomson Line’s Orchard, Marina South and Gardens by the Bay stations and tunnels at around $1.32 billion on 25 July. The construction of Orchard station has been awarded to Penta-Ocean Construction –...
Continue Reading • 30 Jul 2014
Prices of semi-Ds reach historic high
Semi-detached home prices hit a record high in Q2 2014, defying the trend in the private residential market, according to the latest data from the Urban Redevelopment Authority (URA) reported in the media.In the second quarter, prices of semi-Ds rose 4.2 percent compared to the previous quarter....
Continue Reading • 30 Jul 2014
Majority of unsold units located in central areas
The possibility of a surplus of private homes as well as a poor rental market are keeping home seekers from purchasing completed homes, particularly in the city centre, reported the media.Notably, majority of the unsold units at completed developments in Singapore are located in upmarket...
Continue Reading • 30 Jul 2014
Keppel Land announces first stateside investment
Keppel Land has made its maiden investment in the United States with a prime residential development in New York City.Located on the Upper East Side in Manhattan, the property will be developed by New York real estate developer Macklowe Properties, and will include a retail component."For...
Continue Reading • 30 Jul 2014
Lower ratio of foreign homebuyers
The fraction of foreigners buying a private residential unit in Singapore has declined, according to Knight Frank. Based on caveats lodged data as at 18 July 2014, the proportion of Permanent Residents (PRs) and non-PRs (NPRs) decreased from 29.1 percent in Q1 2014 to 24.8 percent in Q2...
Continue Reading • 29 Jul 2014
S'pore developer to launch Phnom Penh project
Spring CJW Development plans to invest $70 million on a residential project located a stone’s throw away from Phnom Penh International Airport, according to media reports.“Real estate in Cambodia is leaping forward, while slowing down in neighbouring regions. It will become a magnet...
Continue Reading • 29 Jul 2014
Private home prices continues to slip
Prices of private homes dropped by one percent in Q2 2014, following the 1.3 percent decline in the previous quarter, according to the Urban Redevelopment Authority (URA) today. This marks the third straight quarter of price decline.Price decline was observed across all segments of the private...
Continue Reading • 25 Jul 2014
Nursing home in Jurong West to open next year
Jurong West will have a new nursing home in the third quarter of 2015.It can accommodate up to 290 residents, and will also include a senior care centre which can cater for up to 60 seniors. The facility aims to provide holistic care for the elderly, and provide more integrated healthcare...
Continue Reading • 25 Jul 2014
Investment sales up 20% in Q2
After two quiet quarters, the investment market has awakened from its slumber according to the latest report by Savills Research, Singapore. There was a total of about $4.73 billion of investment sales recorded in Q2 2014, up 19.9 percent from $3.95 billion in Q1 2014 and 21.7 percent from $3.89...
Continue Reading • 25 Jul 2014
Premature to ease property measures: MAS
While the recent property cooling measures are working, it is still too early to relax those measures since property prices remain high, said the Monetary Authority of Singapore (MAS) and reported in the media.“Risk factors have not changed,” MAS Managing Director Ravi Menon said at...
Continue Reading • 25 Jul 2014
Kheam Hock Gardens up for en bloc sale
Kheam Hock Gardens, a private residential project off Dunearn Road, has been put up for collective sale via a public tender by its sole and exclusive marketing agent, CBRE.Situated at 38 Kheam Hock Road, the 41,245 sq ft site has a reserve price of $59 million, which equates to a psf price of...
Continue Reading • 25 Jul 2014
Micro sized, not micro priced
At just 30 sqm, or 323 sq ft if you prefer, this fourth floor studio flat at 92 Mount Street is one of the smallest homes ever released in London’s Mayfair market. Cleverly designed with cocktail bar/night-club style interiors, the micro-pad can transform from a mini-bar/private club into a...
Continue Reading • 25 Jul 2014
Buyers win with ancient strategies
Property buyers got a glimpse of how emperors and sages in ancient China used the Sage Art of War, also known as Qi Men Dun Jia, as a tactical ‘weapon’ to outwit enemies and win wars at an event last weekend.In the military strategy context, Qi Men Dun Jia is mainly used to identify...
Continue Reading • 25 Jul 2014
World's best penthouse for sale
For £4.25 million you could be the owner of what could possibly be one of the world’s best penthouses.The duplex property in Clerkenwell, London,has been created by ‘Form Design Architecture’, and occupies the entire 6th and 7th floors of a much sought after apartment...
Continue Reading • 25 Jul 2014
Launch, sales volume rose in Q2
The private residential market saw a revival in developer launches and sales activity, according to a new report by Colliers International.However, it was at the expense of lower home prices.Launch volume in the Outside Central Region (OCR) increased 9.5 percent QoQ to 1,619 in 2Q 2014, while...
Continue Reading • 24 Jul 2014
Keppel Land's revenue up 9.7%
Keppel Land’s revenue grew 9.7 percent year-on-year (y-o-y) to $589.5 million in H2 2014. Its pre-tax profit of $260.3 million was 23.2 percent higher compared to the first half of 2013.The Group achieved a net profit of $195 million for the first half of 2014, up 1.5 percent against $192.1...
Continue Reading • 24 Jul 2014