Suburban supply will push rents down
Given buyers’ cautious outlook, sellers have set more realistic price expectations as price declines become more pronounced in the secondary market. A new report by DTZ Research showed resale prices of luxury condominiums fell the most by three percent quarter-on-quarter in Q2 2014,...
Continue Reading • 21 Jul 2014
Eye on Redhill: Rosy outlook for Redhill
The city-fringe estate continues to be a top draw for property buyers. Muneerah Bee explores.Located at the fringe of the city centre, Redhill is a mature and well-maintained estate in District 3. It got its name from a local folklore involving the murder of a witty boy who lived on the hill,...
Continue Reading • 21 Jul 2014
Artist draws Singapore skyline from memory
Imagine drawing Singapore’s panoramic skyline in great detail strictly relying on your memory. That is exactly what British architectural artist Stephen Wiltshire is doing on a four by one metre blank canvas at The Paragon's main atrium, as part of Singapore Press Holding's 30th anniversary...
Continue Reading • 18 Jul 2014
Plans to make golf course public underway
The Singapore Island Country Club (SICC) is likely to meet relevant parties this month to discuss on giving up one of its golf courses.According to the media, SICC president Tay Joo Soon sent a three-page circular to SICC members yesterday, which stated, "We will be meeting Singapore Land...
Continue Reading • 18 Jul 2014
CapitaMalls Asia to be delisted from 22 July
With effect from 21 July 2014, CMA will become a wholly-owned subsidiary of CapitaLand. On 14 April, CapitaLand offered to buy CMA's remaining ordinary shares that CapitaLand does not already own. Today, the company exercised its right of compulsory acquisition of the remaining shares. CMA will...
Continue Reading • 18 Jul 2014
Colliers names new Global COO
Dylan Taylor has been appointed as Global Chief Operating Officer for Colliers International. He was formerly CEO in the Americas, and will continue to report directly to Collier’s Global President and CEO Douglas P. Frye.“Dylan will not only be able to support the Americas in his new...
Continue Reading • 18 Jul 2014
Court dismisses developer's claim for damages
Condominium developer Macly Assets lost a bid for $760,000 in damages from a couple whom it said had built lofts in their penthouse apartment in Thomson V Two without their consent.Notably, the property developer blamed the couple for the delay in obtaining its certificate of statutory completion...
Continue Reading • 18 Jul 2014
Govt audit shows MINDEF mismanaged public land
The Auditor-General’s Office (AGO) for the Financial Year 2013/2014 highlighted some of the Ministry of Defence (MINDEF)’s lapses in its management of government land and assets, according to media reports.In particular, this pertains to in leasing agreement with Sembawang Country...
Continue Reading • 18 Jul 2014
More Thai developers look overseas
Two more Thailand projects will attempt to tempt Singapore property buyers and investors this weekend, underlining a marked resurgence in confidence since the coup of late May which initially forced investors to adopt a wait-and-see stance.Bangkok will be represented by Sansiri’s The Base...
Continue Reading • 18 Jul 2014
Mahathir Mohamad concerned about Iskandar's future population
Former Malaysian Prime Minister Dr Mahathir Mohamad voiced his concerns about the Iskandar region in a blog post on 8 July, as he wondered how it will change the demographics and electorate of the area. He said properties there would be pricy and unaffordable for local residents from the...
Continue Reading • 18 Jul 2014
Growth to outweigh challenges in Asia-Pacific's emerging markets
Indonesia has been ranked as the most efficient and transparent emerging real estate market in the Asia-Pacific region, and the fifth most efficient and transparent emerging real estate market in the world.Following Indonesia is Thailand which placed 11th overall and second in the region courtesy...
Continue Reading • 18 Jul 2014
Homes move fastest in Cambridge
The British university city of Cambridge holds the honour of being the fastest-selling city in the United Kingdom, according to research from a leading property website.Properties in Cambridge (pictured) are on the market for an average of just 27 days, and the city is closely followed by the...
Continue Reading • 18 Jul 2014
OCR units lead June's sales volume
As expected, June was a slower month for private home sales. New sales volume in the Rest of Central Region (RCR) fell by about 66.7 per cent month-on-month (m-o-m) to 167 units, according to the Knight Frank’s Monthly Developers Sales report.The Outside Central Region (OCR) also saw a...
Continue Reading • 17 Jul 2014
Annual Reports by CapitaLand's REITs win awards
CapitaLand Group was recently awarded the top three Best Annual Report awards in the REITs & Business Trusts category at the Singapore Corporate Awards 2014.Its real estate investment trusts (REITs) - CapitaCommercial Trust (CCT), Ascott Residence Trust and CapitaRetail China Trust - received...
Continue Reading • 17 Jul 2014
MND may reward parents for moving to non-mature towns
47 percent of parents with married children are living with their children, while 21 percent live close by within the same town, said National Development Minister Khaw Boon Wan in a blog post yesterday.The results were gathered from about 2,000 Singaporeans in a door-to-door survey commissioned...
Continue Reading • 17 Jul 2014
S'pore preview for Vancouver icon ahead of Canada launch in Sept
Singapore property buyers and investors will get the pick of some of the best units at a Canadian project this weekend, when it holds a preview event in the city-state two months ahead of its global launch.Iconic Vancouver House was approved by the Vancouver City Council in October 2013 and made...
Continue Reading • 17 Jul 2014
More overseas buyers in US
Foreign property buyers in the U.S. made US$92.2 billion worth of purchases in the 12 months ending March 2014, accounting for roughly 7 percent of all property transactions in the country.According to data released by the National Association of Realtors, foreign sales were split evenly between...
Continue Reading • 17 Jul 2014
Mauritius comes to Singapore
Property investments from the exotic island of Mauritius were showcased for the first time in Singapore last weekend – and potential buyers will have another opportunity to learn about the island and a luxury property investment there tonight (Wednesday).The development – Palmyra...
Continue Reading • 17 Jul 2014
Opportunities for Sydney renters
Residential vacancy rates remained mostly unchanged in the Sydney metropolitan market, providing good opportunities for rental seekers.According to data released by the Real Estate Institute of New South Wales (REINWS), the June 2014 REINSW Vacancy Rate Survey saw the number of properties for...
Continue Reading • 17 Jul 2014
Vietnam call for realtor regulation
Vietnam’s National Assembly has called for industry regulation as part of a draft Law on Real Estate Trading currently being debated.The law, members said, should clarify requirements on licensing real estate brokers.Speaking to the media Phan Trung Ly, Chairman of the NA Legal Committee,...
Continue Reading • 17 Jul 2014