No signs of an overseas overload
More than 20 individual overseas property exhibitions are taking place in Singapore this weekend, the highest number this year, highlighting how local investors are still looking overseas to avoid the uncertain direction of the local property market.The United Kingdom and Australia are...
Continue Reading • 18 May 2014
Sunday digest of news that matters
News from Singapore’s property and real estate sectors never stops, so PropertyGuru wants to make it easy for you to digest the important information you need to know. Here we summarise the most important stories from the last seven days, with links to read more if you need to understand...
Continue Reading • 18 May 2014
5 ways to name a condominium
What's in a name, you ask? Something as simple as a name can give a strong sense of belonging and identity for people, and it is no different for buildings. Ever wondered what goes into naming a private residential development? PropertyGuru spoke to some property developers to find out how...
Continue Reading • 16 May 2014
Strong sales from suburban condos in April
The Outside Central Region (OCR) contributed 65.4 per cent of the total sales volume last month, according to Knight Frank.Out of the top ten private residential projects by sales volume in April, seven projects are in the OCR while the remaining three developments came from the Rest of Central...
Continue Reading • 16 May 2014
Mapletree to further expand beyond Asia
Mapletree Investments delivered a net profit of $859.4 million for the financial year ended 31 March 2014 (FY13/14).This is a 7.8 percent fall from a year ago, mainly due to a lack of disposal gains compared to last year. Total revenue for FY13/14 was $548.6 million, compared to $686.3 million in...
Continue Reading • 16 May 2014
Singapore's tallest building underway
The construction of Tanjong Pagar Centre, slated to be Singapore’s tallest building at 290 metres, is on track to complete in 2016.On 5 May 2014, GuocoLand completed the raft foundation which will support the entire 64-storey mixed-use development. This is the country’s largest raft...
Continue Reading • 16 May 2014
Rare HK development for sale
CBRE Hong Kong has been appointed as the sole agent for the sale of 16 Wang Fung Terrace (pictured), a new, en-bloc luxury residential development on Hong Kong Island. The property will be sold with vacant possession through tender which will close at 12 noon on Wednesday, June 11.Wang Fung...
Continue Reading • 16 May 2014
Singapore 9th for Chinese buyers
The United States of America was the number one overseas property buying destination for Chinese buyers and investors during Q1 2014, according to data from the country’s leading property website.America topped the list published by Soufun.com with 16.98 percent of Chinese overseas property...
Continue Reading • 16 May 2014
More developers may cut prices to push units
Buoyed by discounts offered by developers, private homes sales rebounded 55 percent to 745 units in April, following a slowdown in March when only 480 units were sold, according to Urban Redevelopment Authority (URA) figures.Media reports said that property developers in Singapore have seen...
Continue Reading • 16 May 2014
Stratford Central to tempt buyers
Stratford Central, one of London’s most exciting property developments in what is arguably the capital’s primary up-and-coming area, will be showcasing its investment opportunities in Singapore this weekend.The 31-storey Telford Homes development is set in the heart of Stratford in...
Continue Reading • 16 May 2014
Could Asia be losing its shine
For the first time since the turn of the century, economic fortunes in the West and East have reversed, and Asian property investments are finally losing some of its glitter and shine.This view comes from Pacific Star Group’s recent 2014 Asian Property Outlook and Strategy (APOS) report,...
Continue Reading • 16 May 2014
Bangkok prices at two-year low
Average selling prices of newly launched property throughout Bangkok were at their lowest levels for more than two years during the first three months of this year.Colliers International Thailand, in its latest research report, noted that average prices in the City area were more than...
Continue Reading • 16 May 2014
Realistic pricing is key: JLL
Property developers remained cautious in launching new private units for sale during April, and although sales were 55 per cent higher than in March they were still well below the 1H 2013 monthly average prior to the imposition of the Total Debt Service Ratio (TDSR), according to real estate...
Continue Reading • 15 May 2014
CBRE appoints Global Chief Economist
Richard Barkham (pictured) will join CBRE Group on 16 June as Global Chief Economist, the company announced today. The 16-year veteran of the real estate industry will be based in London and will report to CBRE’s Global Head of Research, Nick Axford. As CBRE’s Global Chief Economist,...
Continue Reading • 15 May 2014
Sales will rebound: PropNex
Following April’s 55 percent rebound in private new home sales, the boss of Singapore real estate agency PropNex has predicted improving conditions ahead.Mohd. Ismail, Chief Executive Officer (pictured), said: “We expect new sales volume to improve in the coming months—on the...
Continue Reading • 15 May 2014
Six of the best for Savills
It was a big night for Singapore real estate agency Savills at the Asia-Pacific Property Awards in Kuala Lumpur last week, as the firm scooped six of the top real estate awards for the city-state.Savills won the prestigious Best Real Estate Agency Singapore title, and also took home the Best...
Continue Reading • 15 May 2014
Steep rise in April private sales
Sales of new private homes in Singapore rose by more than 55 percent month-on-month during April to reach 745 units, according to data released today by the Urban Redevelopment Authority (URA) today. Including Executive Condominiums (ECs) the number sold during last month was 793 units. A...
Continue Reading • 15 May 2014
CDL Q1 profit down 13%
Property developer City Developments Ltd (CDL) saw its net profit drop 13 percent to $119.7 million in Q1 2014 from $137.7 million over the same period last year.This comes as sales fell 5.4 percent to $734.2 million, according to media reports.Moreover, profit from sales of investment properties...
Continue Reading • 15 May 2014
Phuket is home to Asia-Pacific's best real estate agency website
Phuket will be flying the flag for Asia-Pacific in the International Property Awards in Dubai later this year after Phuket.Net Real Estate scooped the Best Real Estate Agency Website in Asia Pacific at last week’s Asia-Pacific Property Awards in Kuala Lumpur,...
Continue Reading • 15 May 2014
Decreased revenue from Hiap Hoe's properties
Singapore-listed Hiap Hoe Limited’s revenue grew 2.8 percent to $31.2 million in 1Q 2014, compared to $30.3 million in the same period last year.In 1Q 2013, revenue was generated entirely from its development properties. However, this quarter saw income from rental, hotel operations and...
Continue Reading • 14 May 2014