Koh Brothers ready for productivity requirements
Koh Brothers was awarded a $126.5 million construction contract for the new Executive Condominium (EC) in Jurong West by KBD Westwood, a Koh Brothers’ Joint Venture Company.The development will have Prefabricated Bathroom Units, and other prefab and precast components.To improve the level...
Continue Reading • 2 Jul 2014
Test-bed for smart city solutions in the west
Jurong Lake District (JLD) (pictured) will undergo several pilots and trials of smart technologies, such as using video analytics for traffic conditions at junctions.Minister for Communications and Information, Dr Yaacob Ibrahim shared this at the opening ceremony of the annual Infocomm Media...
Continue Reading • 2 Jul 2014
Recognition for blending old and new
Far East Square and AMOY have jointly been nominated as a finalist for this year’s ULI Global Awards for Excellence.The mixed-use heritage conservation project at Telok Ayer Street by Far East Organization preserves and renovates old shophouses into modern retail and entertainment...
Continue Reading • 2 Jul 2014
Lock+Store to open first overseas facility
Lock+Store will open its first facility in Malaysia come October 2014. 12,000 sq ft of its mixed-use office and warehouse complex at Temasya Industrial Park in Shah Alam will be used for self-storage purposes.Helen Ng, CEO of Lock+Store said, “The average self-storage user tends to be a...
Continue Reading • 2 Jul 2014
Scaling new heights
The Council on Tall Buildings and Urban Habitat (CTBUH) has named four regional winners for its annual Best Tall Building Awards.The winner in the Asia & Australasia category is One Central Park (pictured) by Sekisui House Australia and Frasers Property, the international property arm of...
Continue Reading • 2 Jul 2014
APREA launched new Chairman/CEO Leadership Series
The inaugural Asia Pacific Real Estate Association (APREA) Chairman/CEO Leadership Series on 30 May saw over 100 delegates with Lim Siong Guan (pictured), Group President of Government of Singapore Investment Corporation (GIC), as guest-of-honour. The series serves as a platform to share...
Continue Reading • 2 Jul 2014
REIW recognises excellence in real estate
The Real Estate Investment World (REIW) Awards for Excellence on 25 June, honoured the best in the industry, namely Individuals and organisations who showed strong capabilities to grow, outperform and adapt to changing market conditions.Winners, listed here, were selected strictly based on...
Continue Reading • 2 Jul 2014
Mortgagee sale by auction up in 1H
The number and proportion of properties put up for mortgagee sale in Singapore by auction has increased since 2012. Of the 256 properties placed under the hammer in 1H 2014, 64 were put up by mortgagees, up from the 24 posted during the market boom in 2012, according to Colliers...
Continue Reading • 2 Jul 2014
Property options along the purple line
Throughout the years, Clarke Quay has been the go-to place for beer lovers and party goers, thanks to its proximity to many popular watering holes and clubs.It also helps that this riverside partyville is near an MRT station on the North East MRT Line (NEL), ensuring easy access especially if you...
Continue Reading • 2 Jul 2014
New Canberra MRT station likely to be near BTO flats
Singapore will soon have a new MRT station on the existing North-South Line.The Canberra station will in between the Yishun and Sembawang stations.Minister for Transport Lui Tuck Yew announced this today at the Groundbreaking Ceremony of the Thomson Line. He said the Land Transport Authority...
Continue Reading • 2 Jul 2014
ABSD refund for selected The Crest units
The Crest, a condominium project located along Prince Charles Crescent saw more than 30 units sold during its first weekend sales, said media reports.It is understood that its developers have granted options for these units. Average prices at the 99-year leasehold project reportedly stands at...
Continue Reading • 2 Jul 2014
UOL, VSA add vibrancy to tunnel
The pedestrian underpass in Novena now spots a fresh splash of sparkle in the form of colourful murals on youth and sports.The installation of one of the longest underground murals in Singapore is to raise funds for Very Special Arts Singapore (VSA) as part of UOL Group’s 50th anniversary...
Continue Reading • 2 Jul 2014
Singapore tops transparency scorecard in Southeast Asia
Singapore has been deemed “transparent” among the world’s real estate markets in 2014The eighth edition of JLL and LaSalle Investment Management’s biennial Global Real Estate Transparency report ranked Singapore as number one in the region in the transparency of commercial...
Continue Reading • 2 Jul 2014
More landed homes put up for auction
The relatively higher total quantum of landed properties, coupled with the implementation of the Total Debt Servicing Ratio (TDSR) framework, have made it increasingly difficult for landed homeowners to service their mortgage payments. This has in turn resulted in an increasing trend of landed...
Continue Reading • 2 Jul 2014
Court divides bungalow based on couple's contribution
Before buying a house, married couples should discuss how they will split the property in case they break up.The Court of Appeal said this in its ruling last week, regarding an ownership tussle over a $20 million good class bungalow (GCB) between Chan Yeun Lan and her husband, See Fong Mun.The...
Continue Reading • 2 Jul 2014
Keppel Corporation's CFO joins Keppel Land's Board of Directors
Keppel Land has appointed Chan Hon Chew onto its Board with as a non-independent, non-executive Director with effect from today.He is also the Chief Financial Officer of Keppel Corporation. Loh Chin Hua, Chairman of Keppel Land and CEO of Keppel Corporation, said, "I am confident that Hon...
Continue Reading • 2 Jul 2014
Private home prices up 0.8% in May
Prices of non-landed private homes in Singapore rose 0.8 percent in May, following a revised 1.0 percent decline in April, showed the Singapore Residential Price Index (SRPI) published by the National University of Singapore (NUS) yesterday.Home prices in the Central Region (excluding shoebox...
Continue Reading • 2 Jul 2014
Private homes prices dropped in Q2 2014
The private residential property index fell 2.3 points from 211.6 points in first quarter 2014 to 209.3 points in second quarter 2014, according to the Urban Redevelopment Authority (URA)’s flash estimate of the price index for private residential property released today.This is a decline...
Continue Reading • 2 Jul 2014
Analysts identify attractive GLS sites
The total supply of 10,220 housing units on H2 2014 Government Land Sales (GLS) Programme was the least number of new residential units made available since the H2 2009 GLS Programme, according Chia Siew Chuin, Director of Research and Advisory at Colliers International. Announced yesterday, the...
Continue Reading • 2 Jul 2014
Data Protection regulations start today
The Personal Data Protection Act 2012 (PDPA) is in full effect as of today, after an 18 month transition period for companies to prepare for compliance.Organisations will now have to comply with rules in the Data Protection provisions of the PDPA, along with the Do Not Call provisions implemented...
Continue Reading • 2 Jul 2014