CapitaLand sells remaining stake in Australand
Singapore-based CapitaLand has announced that it placed out its remaining 226.2 million stapled securities in Australand Property Group (Australand).This is about 39.1 percent of total issued stapled securities in a secondary placement exercise, which was executed at an average price of AU$3.75...
Continue Reading • 19 Mar 2014
Three top awards for Singapore
Singapore property developments took home three prestigious awards from the 2014 MIPIM Awards, which took place in the Palais des Festivals in Cannes, France, last week.More than 150 real estate projects from 39 countries entered the annual awards, with a jury of industry professionals, headed by...
Continue Reading • 19 Mar 2014
More money for real estate execs
Real estate executives in Asia are better paid than their European counterparts, according to a new survey.Asia-based respondents in the survey of corporate real estate professionals working for large corporations found that, on average, the Regional Head of Corporate Real Estate in Asia received...
Continue Reading • 18 Mar 2014
Huge buzz surrounding upcoming launches
The preview phase for The Santorini condominium (pictured) at Tampines Avenue 10 is expected to begin this week, while its official launch is scheduled at the end of this month, revealed Richard Nah, Senior Manager at MCC Land (Singapore).The mass market project is set to TOP in 2018 and consists...
Continue Reading • 18 Mar 2014
Prefab building may compromise home's uniqueness
Despite the productivity gains, some developers are anxious that using prefabrication technology may compromise the uniqueness of luxury projects, media reports said.They noted that its one-size-fits-all approach sacrifices on personal touches and the extra attention to detail demanded by most...
Continue Reading • 18 Mar 2014
District Watch: District 13
This area may not be the biggest or busiest in Singapore, but as Cheryl Tay discovers, good things do come in small packages.Consisting of Braddell, Macpherson and Potong Pasir, District 13 has gone from an area known for its sand quarries and vegetable farms to one filled with thriving housing...
Continue Reading • 18 Mar 2014
CEA launches online consumer guide on overseas property
To help prospective buyers make better informed decisions on overseas property purchases, Singapore's Council for Estate Agencies (CEA) on Monday published an online consumer guide on its website. Aptly called "Consumer Tips for Buying Foreign Properties", this is in response to a...
Continue Reading • 17 Mar 2014
Homes near Wembley Stadium launching in S'pore
Quintain Estates will launch its new London residential development dubbed North West Village at Wembley Park this weekend (15-16 March) at the Four Seasons Hotel.The first phase of the project, Emerald Gardens, comprises 475 apartments spread across seven buildings and is set around an acre of...
Continue Reading • 17 Mar 2014
Letter from MIPIM: Day Three
Brett Alegre-Wood reports for PropertyGuru from the third day of MIPIM, the annual conference for the world's property industry.One of the keynote presentations on day three at MIPIM in Cannes, France, focused on future proofing your property investment - a professional’s gaze into the next...
Continue Reading • 14 Mar 2014
Keppel Land, CDL recognised for winning designs
A total of 63 awards were handed out yesterday at the inaugural Singapore Good Design Mark Awards (SG Mark) by the Design Business Chamber of Singapore (DBCS). Among the big winners were property heavyweights Keppel Land and City Developments (CDL).Keppel Land clinched Gold for the Vertical...
Continue Reading • 14 Mar 2014
More Taiwanese on the lookout for Japan property
The weakening yen has boosted interest for Japan properties among Taiwanese investors, with transactions growing significantly over the past year. With economic policy changes also taking effect, real estate in Japan has become significantly more affordable. Amid all this, ECG Property, a...
Continue Reading • 14 Mar 2014
NUS plans another residential college
The National University of Singapore (NUS) will convert Ridge View Residences at Kent Ridge campus into its fourth residential college and the first one outside University Town (UTown) which opened three years ago, according to media reports. Currently, Ridge View Residences comprises six...
Continue Reading • 14 Mar 2014
China home sales drop amid property tightening measures
Home sales in China fell during the first two months of 2014 as local government measures aimed at moderating property prices dampened buyer sentiment, media reports said.The National Bureau of Statistics noted that home sales value dropped five percent to 598.5 billion yuan (S$123 billion) over...
Continue Reading • 14 Mar 2014
URA awards tender for Yishun site
A residential plot (pictured) at Yishun Avenue 9 has been awarded to EL Development, said the URA. The developer submitted the highest bid of $278.8 million for the 20,553.8 sqm site. This translates to around $4,844 psm on the gross floor area.The tender exercise for the site closed on 11 March...
Continue Reading • 13 Mar 2014
Malaysia show this weekend
Banking on the continued interest for property in Malaysia, PropertyGuru will host another Malaysia Property Show (MPS) this weekend (15-16 March) at Marina Bay Sands Convention Centre, from 10am to 7pm daily.Now in its 8th showing, the exhibition will feature the latest residential projects from...
Continue Reading • 13 Mar 2014
56 S'pore firms shortlisted for property awards
EXCLUSIVE: Singapore property players have had a strong showing with 56 shortlisted firms for the prestigious 2014 Asia Pacific Property Awards.The city-state had the fourth highest number of contenders in the region. Other countries on the list include China with a whopping 99 nominees, followed...
Continue Reading • 13 Mar 2014
Ascott celebrates milestone, makes Myanmar foray
CapitaLand's serviced residence business unit, The Ascott Limited (Ascott), is marking its 30th anniversary this year.The firm opened its first property in Singapore back in 1984 and has since expanded to 83 cities across 23 countries. In a statement, its CEO Lee Chee Koon said: “As...
Continue Reading • 13 Mar 2014
Auction market to pick up in 2014
Property auctions in Singapore are expected to gain momentum following a slowdown in 2013 amid market challenges, revealed a Knight Frank report. It noted that while the number of properties put up for auction increased by 41 percent in 2013, the figure sold in each quarter continued on a...
Continue Reading • 13 Mar 2014
Letter from MIPIM: Day Two
Brett Alegre-Wood reports for PropertyGuru from the second day of MIPIM, the annual conference for the world's property industry.Day two at MIPIM in Cannes, France, was a mixed spread of other U.K. cities, all bidding for recognition and investment. It’s clear to see that confidence in the...
Continue Reading • 13 Mar 2014
Yishun residential site attracts 5 bids
A residential site (pictured) at Yishun Avenue 9 attracted a total of five bids when its tender closed on Tuesday, the URA said.EL Development submitted the top bid of $278.8 million for the 20,553.8 sqm plot. This translates to about $4,844 psm on the gross floor area. The second-highest bid...
Continue Reading • 12 Mar 2014