Furniture tops list of personal items stored at self-storage facilities
Have you ever wondered what lies within the average self-storage unit? A recent survey of 300 self-storage users has revealed that furniture, clothing and books are the top personal items stored at Lock+Store’s four facilities across Singapore. The survey results, published in a Cushman...
Continue Reading • 26 May 2014
Property players vanishing from market
With hardly any new projects or land bids in recent years, some developers have disappeared from the scene due to financial woes and tougher competition, media reports revealed.These boutique developers, such as Raffles Medical Group's Esquire Land and Indonesia-oriented Sinarmas Land, were...
Continue Reading • 26 May 2014
Successful relaunch of The Panorama
The relaunch of The Panorama in Ang Mo Kio witnessed robust interest from buyers, after the developer cut prices by 12 percent, said media reports.Out of the 95 units released for balloting, Wheelock Properties sold 80 to 85 units as of 7:30pm last Friday, said Tan Tee Khoon, Executive Director...
Continue Reading • 26 May 2014
London luxury at 190 Strand
An exclusive collection of luxury homes at 190 Strand in London will be showcased at a private preview in Singapore this week.The launch of 88 new apartments, penthouses and townhouses at Milford House and Savoy House represents a rare opportunity to own a home in prime central London, according...
Continue Reading • 26 May 2014
Orchard Road canal to be ready by 2017
In order to prevent flooding in Orchard Road, PUB will start the construction of Stamford Diversion Canal's first phase in Q3 2014. Costing $50.6 million, it will pass through Tanglin and Kim Seng, according to media reports. The project's second phase will run through Grange Road to River...
Continue Reading • 23 May 2014
BCA honours green facilities managers
A slew of winners were recognised for their efforts in green buildings, inclusive design and building quality at the Building and Construction Authority (BCA) Awards 2014 ceremony yesterday.A new award category – Green Facilities Manager of the Year – was introduced to the...
Continue Reading • 23 May 2014
Shophouse built in 1800s for sale
A rare two-storey conservation shophouse at 24 Purvis Street, right in the heart of the central business district, has been put up for sale as vacant possession. According to the title deed, the original property dates back to 1827 during Singapore’s early years, but extensive renovation...
Continue Reading • 23 May 2014
Thai coup: Price drops unlikely
The declaration of a coup in Thailand is predicted to eventually bring much-needed stability to the kingdom, but anyone expecting property prices to decline will likely be disappointed.Army Chief General Prayuth Chan-ocha announced on Thursday that the armed forces and police had formed a...
Continue Reading • 23 May 2014
Proportion of foreign buyers rises
The proportion of foreign buyers in the Singapore property market is on the rise following recent price falls, according to data published by CIMB in its Cost of Living survey.The report, published yesterday, said: “Foreigners view Singapore as a good city to own a piece of property, but...
Continue Reading • 23 May 2014
Tax crackdown on Bali owners
Indonesia's Director General of Taxation has begun “sniffing out” illegal Bali villas owned by foreigners that are failing to pay taxes.Quoted by the State News Agency Antara, the director general of taxation for Bali, Sunarko, said in Kuta last month: “We will work together...
Continue Reading • 23 May 2014
Johor bans land sales to foreigners
The state government of Johor has prohibited locals from selling their land to foreigners.Mentri Besar Datuk Mohamed Khaled Nordin revealed that locals have been selling land to foreigners primarily due to its rising value. Three cases of locals trying to sell agricultural land have been recorded...
Continue Reading • 23 May 2014
Why prices will not crash: CIMB
Singapore property prices are likely to decline - but not crash - by between 10 percent to 15 percent according to CIMB's latest Cost of Living survey, published today.Answering the question "Will my home price crash?" the report noted that government policy and buyers’...
Continue Reading • 22 May 2014
50 projects record poor sales
Despite the encouraging sales at some new launches, more developers are expected to slash their prices due to poor take-up or zero sales for existing projects, according to HSR International Realtors as reported in the media.The property firm looked at a list of 50 residential projects that sold...
Continue Reading • 22 May 2014
Property player applied to be NMP
Century 21's CEO Ku Swee Yong has applied to be a Nominated Member of Parliament (NMP), according to media reports. Ku, who is also Director of International Property Advisor, said to the media he hopes to use his expertise in real estate to spur discussions on the role of public housing. An NMP...
Continue Reading • 22 May 2014
Bigger lawn at East Coast Park
East Coast Park will have more open space and new amenities when Parkland Green and Marine Cove are completed in September 2014 and mid-2016 respectively. National Parks Board (NParks) said in a statement the Gross Floor Area for Parkland Green is reduced by 25 percent and the lawn that was...
Continue Reading • 22 May 2014
MND promises better HDB living
In an addenda to the President's Address, the Ministry of National Development (MND) said it will roll out the following initiatives to continue to upgrade and transform public housing estates: Step up Home Improvement Programme (HIP) to cover another one-third, or 100,000 flats, within the next...
Continue Reading • 22 May 2014
Singapore-KL HSR offers real estate opportunities
The proposed high-speed rail (HSR) between Singapore and Kuala Lumpur offers valuable opportunities for property developers as property values near the rail line are expected to increase, according to JLL.Set to be completed by 2020, the $15.6 billion project will reduce travel times from...
Continue Reading • 22 May 2014
Hougang Avenue 2 HUDC Estate Privatised
The Hougang Avenue 2 HUDC estate, comprising 336 units of flats, will be converted into a strata-titled property under the Land Titles (Strata) Act as of today.In a statement, HDB said homeowners in the estate now own their respective units, as well as the common property. HUDC flats were...
Continue Reading • 22 May 2014
Look into risks before buying foreign property: MAS
Last year, $2 billion worth of overseas properties were transacted by real estate agencies in Singapore, an increase from $1.4 billion in 2012, the Monetary Authority of Singapore (MAS) revealed in a response to media queries. Investors are reminded to be aware of the risks associated with...
Continue Reading • 22 May 2014
Balestier portfolio on the market
A portfolio of properties in Balestier is being marketed for sale through Expressions of Interest, with offers expected of more than $32 million.Knight Frank Singapore is handling the sale of the properties, which feature two rows of adjoining shop houses and a redevelopment land parcel. The...
Continue Reading • 22 May 2014