EcoHouse: We will deliver
EXCLUSIVE: Brazilian social housing investment developer EcoHouse has hit back at claims that it will fail to deliver returns to its thousands of global investors, and maintains that it is fully committed to completing its social housing projects in the South American country.As many as 800...
Continue Reading • 25 Jun 2014
Mortgagee sale properties double in Q2
In the current quarter, more properties which were repossessed from borrowers were put up for auction, said media reports.According Colliers International, 42 foreclosed properties went under the hammer in Q2 2014, up from 22 in the first quarter and just six a year ago. This figure is also...
Continue Reading • 24 Jun 2014
Effects of TDSR so far
The impact of the Total Debt Servicing Ratio (TDSR) became quickly apparent when it was introduced in June 2013, with private home sales dropping 73.3 percent to 482 units in July 2013 from 1,806 units in June 2013, said media reports.Analysts noted suburban homes were most affected. Data...
Continue Reading • 24 Jun 2014
Just why are Singaporeans top buyers of Dublin luxury property
News reports earlier this month identifying Singapore-based buyers as the leading overseas buyers of luxury residential property in Dublin. Ireland, raised eyebrows with a number of market watchers. Knight Frank, in its European Cities Review research report, also noted that Singapore buyers are...
Continue Reading • 24 Jun 2014
Shophouse building along Tanjong Katong Road up for sale
A two-storey prime freehold corner shophouse building (pictured) along Tanjong Katong Road has been put up for sale by tender, exclusive marketing agent CBRE announced today.Located at 362/A Tanjong Katong Road, the conservation shophouse zoned residential with commercial on level one sits on...
Continue Reading • 23 Jun 2014
Singapore govt concerned about reclamation for Iskandar
Given Johor’s close proximity to Singapore, the Ministry of Foreign Affairs (MFA) said it is “naturally concerned about any possible transboundary impact on Singapore from property development projects that involve reclamation works in the Straits of Johor.”The statement was...
Continue Reading • 23 Jun 2014
Seniors to share thoughts on housing policies
After hearing from courting and married couples, the government is now seeking views from seniors with children above 21 years old. The Ministry of National Development (MND)’s third Housing Conversations session on 19 June will gather feedback on how it can encourage parents to live in...
Continue Reading • 23 Jun 2014
JLL eyes residential sector in Southeast Asia
To tap on the growing wealth and demand for real estate investments, JLL aims to expand its residential services in the Southeast Asian region,said media reports.“At the moment, Asian investors in the global residential market are concentrated in Singapore, Kuala Lumpur, Hong Kong, Taiwan,...
Continue Reading • 23 Jun 2014
Downtown MRT Line boosts home prices
“Many studies have shown the positive impact on prices for houses within proximity to new public transportation, most notably metro systems, tram, suburban railway and bus stations,” according to the latest Knight Frank report on the impact of transport corridors and urban mass...
Continue Reading • 20 Jun 2014
New luxury project heightens London's trendy vibe
Vibe, a new collection of luxury private apartments and penthouses in London, is having its Exclusive First Launch from 20 to 22 June 2014 at the St Regis.Developed by Telford Homes, the project features one, two and three-bedroom apartments and penthouses on the tenth floor. Prices start from...
Continue Reading • 20 Jun 2014
Homes with solar panels on the rise
The number of residential solar panel installations in Singapore has increased from 35 in 2011 to 129 in 2013, said media reports.But those who are reluctant to install solar panels due to the high installation cost still have other options.SolarPVExchange, for instance, has offered to match a...
Continue Reading • 20 Jun 2014
Surge in supply downsizes outlook
Maybank Kim Eng has adjusted its full-year new home sales projection (excluding ECs) by -30 percent to 9,000 to 10,000 units (from 13,000 to 14,000 units), in a recent report,On the back of expectations for slightly extended dovish monetary policies, Average Selling Price projections are also...
Continue Reading • 19 Jun 2014
Prime rents declining: JLL
The average rental of prime residential units in Q2 2014 declined at a similar pace as the previous quarter, easing by 2.4 percent quarter-on-quarter to $4.09 psf per month, according to JLL’s statistics for the second quarter of 2014. The luxury sector saw rents falling at a faster pace of...
Continue Reading • 19 Jun 2014
Fine on former estate agent reduced
A fine imposed on a former property agent has been reduced from $18,000 to $8,000 on appeal, after Judicial Commissioner See Kee Oon agreed with the defence’s claim that it was disproportionately high, said media reports.He also noted that the starting point for the quantum imposed by the...
Continue Reading • 19 Jun 2014
DTZ to be sold to private equity consortium
Sydney-based UGL has sold its global property consultancy business, DTZ, to a consortium for AU$1.2 billion (S$1.42 billion).The consortium consists of TPG Capital (TPG), PAG Asia Capital (PAG) and Ontario Teachers’ Pension Plan (OTPP).The transaction is expected to be completed by...
Continue Reading • 19 Jun 2014
CapitaLand's Group Deputy CEO resigns
Olivier Lim has resigned as Group Deputy CEO of CapitaLand effective from 15 September 2014. He plans to take a personal sabbatical and spend some time with his family, according to a statement. Lim is responsible for the Group’s regional investments (including Vietnam, Japan, India, United...
Continue Reading • 18 Jun 2014
High-end projects to launch soon
While suburban condos have been fuelling sales in recent weeks, upmarket condos are expected to take the limelight with the upcoming launch of a handful of such projects, said media reports.Among them are Wing Tai’s The Crest (pictured) located near Jervois Road and Keppel Land’s The...
Continue Reading • 18 Jun 2014
Slight slump predicted following strong sales
Following May’s strong private sales volume of 1,470 units, analysts are foreseeing a slower month for June, as it is a usually a lull period given the school holidays. Alice Tan, Head of Research at Knight Frank Singapore said, “We expect fewer new launches this June, due in part to...
Continue Reading • 18 Jun 2014
More private residential sites in Central Region
After establishing more employment hubs near the suburbs in the past few years, the government is auctioning off more housing sites in the Central Region in a bid to reduce workers’ commuting time.Under the H2 2014 Government Land Sales (GLS) Programme’s Confirmed List, 33.2 percent...
Continue Reading • 18 Jun 2014
Ambassador to open Thailand show
Thailand’s Ambassador to Singapore, His Excellency Marut Jitpatima (pictured), will present the opening address at a forthcoming Thailand property exhibition in Singapore.The event, the Thailand Property Show, is being organised by PropertyGuru and DDproperty.com and will take place on...
Continue Reading • 18 Jun 2014