56% of Singaporeans keen on solar power
The market for solar panels and smart-home devices in Singapore is flourishing, according to a survey conducted by Accenture as reported in the media.Out of 500 Singaporeans polled, the consultancy found out five percent already have solar panels for residential use, while 56 percent will likely...
Continue Reading • 24 Jul 2014
Developers need productivity training programmes
More training programmes should be offered to developers, builders and architects to help them get used to new construction methods, said the Singapore Contractors Association as reported in the media.The statement came after the government made the use of new construction methods compulsory...
Continue Reading • 24 Jul 2014
PropertyGuru gives back to the less fortunate in Thailand
PropertyGuru Group believes in giving back to society and improving the lives of others. Each year the company conducts activities to support the needy and since 2011, PropertyGuru employees have raised more than $70,000 for a number of causes, including Yellow Ribbon, the Thai floods, Japanese...
Continue Reading • 23 Jul 2014
Bleaker outlook on property sector: NUS-REDAS
Developers have become more bearish on the property market’s outlook in the next six months, according to Future Sentiment Index by the National University of Singapore (NUS) and the Real Estate Developers’ Association of Singapore (REDAS) in media reports. The index dipped to...
Continue Reading • 23 Jul 2014
New Community Club to have green features
Bukit Gombak’s 45,000 residents will soon have a new Community Club in 2016. The design for the upcoming Bukit Gombak Community Club was conceptualised based on the residents’ views and feedback. It will have open interactive spaces and green features such as a vertical green wall,...
Continue Reading • 23 Jul 2014
Keppel REIT's property income up by 14%
Keppel REIT Management announced its property income rose 14 percent year-on-year to $94.1 million for 1H 2014 due to improved performance from Ocean Financial Centre and Prudential Tower, as well as additional income from 8 Exhibition Street in Melbourne, which was acquired in August 2013.Its...
Continue Reading • 23 Jul 2014
Developers explore overseas deals amid slow local demand
Singapore’s residential property developers are now exploring overseas opportunities, on the back of slowing demand and increasing land prices, according to a UOB Kay Hian report in the media.In recent months, a number of the country’s biggest developers have ventured into overseas...
Continue Reading • 23 Jul 2014
Strong gains in UK for S$ buyers
Singapore dollar buyers of London property will have seen a 17.8 percent growth in their investment, taking into account the aggregate effect of prime property price changes and currency fluctuations in the 12 months ending Q1 2014.Over the five years since Q1 2009 the appreciation works out at a...
Continue Reading • 23 Jul 2014
Significant interest in Thailand property investments in Singapore and China
Property investment opportunities in Thailand were attracting significant interest in both Singapore and Beijing last weekend.In Singapore Sansiri’s The Base Park East at Sukhumvit 77 achieved an impressive 25 sales in partnership with real estate agency PropNex.Benjamin Tan WL, District...
Continue Reading • 23 Jul 2014
Fantastic Singapore response to super Vancouver icon
There was an overwhelming response to a Singapore property exhibition last weekend featuring one of Canada’s iconic buildings.Vancouver House, which will not be launched to Canadian buyers for another two months, saw more than 30 units transacted - far more than expected. When completed the...
Continue Reading • 23 Jul 2014
S$20m deals done at EPIC event
Deals worth more than S$20 million were concluded at Asia’s first major crowdfunding event which took place in Singapore last week.Organised by Singapore-based start-up CoAssets,the Expo for Property Investing and Crowdfunding (EPIC) 2014 attracted more than 500 delegates to the...
Continue Reading • 22 Jul 2014
URA spruces up park in Kampong Glam
The open space along Sultan Gate in the Arab Street area has been refurbished with benches and garden swings, as part of the ‘Picnic in the Park – Under the Gelam Trees’.The park is about 1,200 sq m, according to media reports and the project on State land started on 14 July and...
Continue Reading • 22 Jul 2014
City Gate receives healthy interest from buyers
City Gate, a mixed development along Jalan Sultan, was launched over the weekend at prices which are lower than expected, said media reports.With as many as six real estate agencies marketing it, City Gate saw about 80 residential units and 62 commercial units snapped up during its launch over...
Continue Reading • 22 Jul 2014
Strong interest in IconSiam
The super-luxury Magnolia Waterfront Residences at Bangkok's IconSiam has already been attracting significant interest from buyers since details were revealed just three weeks ago, with more than 150 units having been the subject of registrations with intent to purchase, according to the...
Continue Reading • 22 Jul 2014
MAS proposes better safeguards for investors
The Monetary Authority of Singapore (MAS) released a consultation paper on proposals today to enhance its regulatory framework for safeguarding investors’ interests.Firstly, it plans to extend the current regulatory safeguards available to investors in capital markets to investors in...
Continue Reading • 22 Jul 2014
Property curbs contribute to inflation expectations
Singapore households expect inflation to ease further over the next one year, on the back of the government’s property cooling measures as well as expectations that car prices will stabilise, showed a survey conducted by Singapore Management University (SMU) and reported in the...
Continue Reading • 22 Jul 2014
Record year for Jakarta condos
Indonesia will see record-breaking levels of condominium sales this year, according to real estate services firm JLL.Media reports quoted Anton Sitorus, Head of Research at JLL, as saying that despite the weaker outlook for Indonesia’s property market, developers and buyers have shown...
Continue Reading • 22 Jul 2014
Bukit Panjang pond to get makeover
The Pang Sua Pond in Bukit Panjang will undergo a transformation under the PUB’s Active, Beautiful, Clean Waters (ABC Waters) Programme.A new boardwalk will be added to connect the pond to the neighbouring amenities. Two lookout decks will be built, along with a multi-purpose stage for...
Continue Reading • 21 Jul 2014
Fine-tune ABSD for Singaporeans: Wing Tai Chairman
Given the burden imposed on buyers by the seller’s stamp duty (SSD) and the total debt servicing ratio (TDSR) framework, the additional buyer’s stamp duty (ABSD) should be tweaked for Singaporeans who wish to buy more than one property, said Wing Tai Chairman Cheng Wai Keung in media...
Continue Reading • 21 Jul 2014
Eye on Tiong Bahru: Convenience in Proximity
A blend of old and new awaits at Tiong Bahru as Muneerah Bee discovered. Rich with architectural, cultural and historic significance, the mention of Tiong Bahru often evokes a sense of nostalgia. However, the area, particularly Tiong Bahru estate, has seen a rejuvenation in recent years with many...
Continue Reading • 21 Jul 2014