Residential site at Prince Charles Crescent attracts 7 bids
The tender for a residential site (pictured) at Prince Charles Crescent (Parcel B) closed on Wednesday after attracting seven bids, said the URA. Launched for sale on 28 February, the land parcel measures 24,964.3 sqm and has a gross floor area (GFA) of 52,426 sqm. The top bid of $463.1 million...
Continue Reading • 16 Apr 2014
Big drop in March new home sales
Sales of new private homes in Singapore fell by about 34 percent month-on-month during March to reach 480 units, according to public data published today by the Urban Redevelopment Authority (URA).Including executive condominiums (ECs), the number of units sold increased marginally to 535. In...
Continue Reading • 16 Apr 2014
Keppel Land's Q1 profit drops 9%
Property giant Keppel Land reported weaker than expected results in the first quarter of 2014, with net profit falling about nine percent to $87 million. According to a Credit Suisse report, the slightly soft Q1 result was mainly due to the absence of a tax write-back, as well as lower profit...
Continue Reading • 16 Apr 2014
ISOTeam secures $18m in new HDB contracts
Singapore-listed ISOTeam, a building maintenance and estate upgrading specialist, has won contracts for four new projects worth a total of $18 million.These include three Repairs and Redecoration (R&R) contracts for 52 HDB blocks in the Bishan, Moulmein-Kallang and Pasir Ris areas which will...
Continue Reading • 15 Apr 2014
Singapore GDP up by 5.1% in first quarter
The Singapore economy grew 5.1 percent on a year-on-year basis in Q1 2014, based on advance estimates by the Ministry of Trade and Industry (MTI).This is lower than the 5.5 percent growth seen in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy...
Continue Reading • 15 Apr 2014
Property heavyweights attending Chinese luxury show
China’s most prominent invitation-only luxury property show will again play host to affluent Chinese buyers and the biggest names in the high-end market.To be held at the five-star Legendale Beijing from 16 to 18 May, the 2014 Luxury Property Showcase (LPS) Beijing will feature participants...
Continue Reading • 15 Apr 2014
Q1 property investment up 24%: DTZ
Real estate investments in Singapore increased 24 percent quarter-on-quarter to $4.7 billion in Q1 2014, following a tripling in investment from the public sector, a DTZ report said.But on an annual basis, investment activity last quarter was lower than the $5.4 billion seen in the previous year....
Continue Reading • 15 Apr 2014
Ascott to run Tokyo serviced residence
The Ascott Limited (Ascott), CapitaLand's serviced residence business unit, has secured a master lease agreement with Mitsubishi Estate Company, one of Japan's largest property developers, to operate the 129-unit Ascott Marunouchi Tokyo. In a statement, Ascott said the building is slated to open...
Continue Reading • 15 Apr 2014
Big crowds turn up at Commonwealth Towers preview
More than 1,500 potential buyers turned up at the showflat of Commonwealth Towers on the first day of preview on Sunday, said its developer Hong Leong Holdings. Set to launch on May 1, the 99-year leasehold condominium located along Commonwealth Avenue has generated high levels of interest with...
Continue Reading • 14 Apr 2014
LTA calls for feasibility study on high-speed rail link
Companies that wish to conduct a feasibility study for the Singapore leg of the High Speed Rail (HSR) link may now submit their tenders, announced the Land Transport Authority (LTA) and reported in the media. According to the agency, the study aims to develop options for the HSR link....
Continue Reading • 14 Apr 2014
BCA mulls compulsory training for condo managing agents
To raise the bar in the strata management industry, Singapore's Building and Construction Authority (BCA) is considering introducing a training requirement for all managing agents, media reports said.Aside from improving professionalism, the mandatory training will also ensure that managing...
Continue Reading • 14 Apr 2014
Elephant Park sales in Singapore
Singapore property buyers and investors will be able to learn more about a new development in one of London’s up-and-coming areas at an exhibition in the city-state this weekend.Integrated property developer Lend Lease is set to launch 360 new homes which form part of the regeneration of...
Continue Reading • 11 Apr 2014
In search of the 'grape escape'
Italy is becoming an increasingly attractive destination for foreign real estate investors thanks to its relaxed lifestyle, climate, history and heritage, according to the latest study released by Savills. The Savills Prime Residential Retreats study, released this week, stated that whilst...
Continue Reading • 11 Apr 2014
Oxley boss: UK must welcome overseas property buyers
The boss of one Singapore-based property developer has said the crackdown on overseas property buyers and investors in the United Kingdom could make them feel less welcome.Ching Chiat Kwong, Chief Executive of Oxley Holdings, was quoted by the Financial Times newspaper as saying overseas buyers...
Continue Reading • 11 Apr 2014
Overseas investment opportunities in the Singapore spotlight
Property investment opportunities from the United Kingdom, United States and Australia will be showcased under one roof at an event in Singapore this weekend.PropertyGuru’s inaugural UK-AUS-US Property Show will feature a number of property developments from these three ever-popular...
Continue Reading • 11 Apr 2014
Kallang seeing a real estate revival
The property boom in Kallang is gaining momentum, supported by the area’s city-fringe location and proximity to the central business district, according to Alice Tan, Research Head at Knight Frank Singapore. The precinct is also easily accessible via major roads and expressways such as...
Continue Reading • 11 Apr 2014
The Allure of Luxury Hotel Investments
It’s easy to see why buy-to-lease luxury hotel investment is rapidly gaining popularity among discerning investors around the world. Besides offering fixed or variable yields and being highly tax efficient, it provides investors with a pre-planned, fully managed exit strategy. Nikki Beach...
Continue Reading • 10 Apr 2014
Residential investment sales soar to $2.52 billion
Total residential investment sales surged to $2.52 billion in the first quarter of 2014 from just $1.16 billion in the quarter before due to the sale of seven housing sites by the government, revealed a Colliers International report.Compared to the $460.43 million in Q4 2013 from the sale of two...
Continue Reading • 10 Apr 2014
Oxley Towers to change KL's skyline
Singapore developer Oxley Holdings is planning to build a mixed-use development in Kuala Lumpur, which is set to transform the city's skyline with its futuristic look and proximity to the Petronas Twin Towers, media reports said. Oxley Towers will comprise two six-star hotels, a shopping...
Continue Reading • 10 Apr 2014
Harry Potter house for sale
A home with an address made famous by Harry Potter has been put up for sale for offers in excess of £650,000 (S$1.36 million).The five-bedroom executive family home on the outskirts of Watford, north-west of London in the United Kingdom, wouldn’t normally stand out. It’s one of...
Continue Reading • 10 Apr 2014