URA awards Gambas Crescent site to Far East unit
An industrial site at Gambas Crescent (Parcel 3) has been awarded to Far East Organization subsidiary Grow-Tech Properties, revealed the URA on Friday.Offered on a 30-year lease, the site attracted four bids when the tender closed on 10 December.Grow-Tech Properties submitted the highest bid...
Continue Reading • 13 Dec 2013
Sim Lim Square shop for sale
The only shop space on the ground floor of Sim Lim Square (pictured) is up for sale by expression of interest (EOI), said marketing agent CBRE.With a strata area of around 2,756 sq ft, the unit attracts a high volume of shoppers due to its open concept, with escalators and lifts just next to...
Continue Reading • 13 Dec 2013
The Malaysia Property Show returns
Following the success of its previous property exhibitions, PropertyGuru is holding its seventh Malaysia Property Show (MPS) at Marina Bay Sands Convention Centre this weekend, from 10am to 7pm daily. Bringing together 16 of Malaysia's top developers including Country Garden, Mah Sing Group, UEM...
Continue Reading • 13 Dec 2013
Ocean Financial Centre now fully occupied
Keppel Reit’s Ocean Financial Centre is now fully occupied, according to the trust’s manager.This means that all of its five Singapore properties are now 100 percent occupied, which is higher than the average CBD occupancy in Singapore of 93.5 percent in Q3 2013. “We...
Continue Reading • 13 Dec 2013
JTC closes tender for three plots in Tuas South
The tender for three industrial sites (Plots 20, 22 & 24) at Tuas South Street 10 closed on Thursday, revealed JTC Corporation.Offered on leases of 21 years and seven months, the sites have a maximum permissible gross plot ratio of 1.0 and are zoned Business 2.With a site area of 3,036.2 sq...
Continue Reading • 13 Dec 2013
Singaporeans go shopping in Melbourne
Singaporean company Chip Eng Seng has paid around AUD$45.2 million for the landmark St Kilda Road property through its Australian subsidiary CES Properties (Australia), continuing the trend of major Melbourne commercial assets being snapped up by Singaporean groups.The sale of the fully-tenanted...
Continue Reading • 12 Dec 2013
Price declines predicted in Asia
Respected media company CNBC has reported that 2014 will see lower prices in regional real estate markets, although the predicted declines offered by many will not be as drastic as some market commentators are expecting.In a media report yesterday it reported: “A taper tantrum won't be the...
Continue Reading • 12 Dec 2013
Penang market to moderate in 2014
The Penang property market is expected to slow in 2014, with fewer project launches and reduced transactions, but prices are expected to remain stable.Real Estate Housing Developers’ Association (Penang) Chairman Datuk Jerry Chan attributed the slowdown to the government's real property...
Continue Reading • 12 Dec 2013
Region's tallest tower set for Johor
His Royal Highness The Sultan of Johor has launched The Astaka @ Bukit Senyum (pictured), which is poised to become the region's tallest residential tower.Situated at the junction of Jalan Tebrau and Jalan Lingkaran Dalam, The Astaka comprises two condominium towers of 65- and...
Continue Reading • 12 Dec 2013
Free Saturday seminar at EC showflat
Asia's leading property portal PropertyGuru will hold a consumer seminar at the Ecopolitan Sales Gallery in Punggol Walk this Saturday, starting at 12.30pm. The event will touch on two recent developments affecting the property market – the URA Draft Master Plan 2013 and the three new...
Continue Reading • 12 Dec 2013
Units at first ‘retirement resort' pricey, say experts
Prices at Singapore’s first retirement housing development appear to be on the high side, media reports quoting experts said.Indicative prices show a 398 sq ft to 431 sq ft one-bedroom may cost at least S$400,000, or around S$1,005 psf, while a 506 sq ft to 560 sq ft two-bedder could go for...
Continue Reading • 12 Dec 2013
HK high street rents are priciest
The limited supply of quality retail space coupled with robust demand pushed up high street rents in prime Asia Pacific markets in Q3 2013, revealed Jones Lang LaSalle’s maiden quarterly Retail Index.The index, which monitors the rental performance of prime retail space across Asia...
Continue Reading • 12 Dec 2013
District Watch: District 23
In every edition of The PropertyGuru, we’ll be taking a closer look at one district in Singapore. We’ll be looking at the key buying factors and identifying properties worth a closer look. In this edition, Cheryl Tay and Nikki De Guzman shine the spotlight on District 23....
Continue Reading • 12 Dec 2013
EC buyer's buying power hit
The government’s revision of the executive condominium (EC) scheme will see developers being more mindful of a buyer's income ceiling and the project’s affordability. “Affordability of ECs will be hit by the new mortgage servicing ratio (MSR) which is capped at 30 percent of the...
Continue Reading • 11 Dec 2013
Savills ready for Do-Not-Call rules
Real estate agency Savills Singapore has announced it has completed its Do-Not-Call (DNC) compliance readiness in response to the new DNC rules which are set to be to be introduced in January 2014.Covering people, process and systems, Savills is the first real estate company in Singapore to...
Continue Reading • 11 Dec 2013
4 bids for Gambas Crescent industrial site
An industrial site at Gambas Crescent (Parcel 3) attracted four bids when the tender exercise closed on Tuesday, revealed the Urban Redevelopment Authority (URA). Launched for sale on 31 October, the site has an area of 14,301.9 sq m and a maximum permissible gross plot ratio of 2.5. It is zoned...
Continue Reading • 11 Dec 2013
London market to remain buoyant: report
London’s residential sales market continued to witness robust sales during 3Q 2013, as consumer confidence in September reached its highest level since November 2007, according to Global Property Consultants Chesterton Humberts. Chesterton Humberts Prime London Residential Capital...
Continue Reading • 11 Dec 2013
Singapore drops five places on worries of oversupply
Singapore is predicted to remain a favoured market in Asia for real estate investment and development in 2014, despite slipping five places in an annual real estate investment ranking survey.Emerging Trends in Real Estate Asia Pacific 2014, a real estate forecast jointly published by the Urban...
Continue Reading • 11 Dec 2013
SkySuites@Anson starts from $968,000
Developer Allgreen Properties will launch its 72-storey SkySuites@Anson this weekend, according to marketing agent Knight Frank.Located at Enggor Street in the Tanjong Pagar area, the development has a site area of 30,011.1 sq ft and comprises 360 units of one- to three-bedroom apartments. Unit...
Continue Reading • 10 Dec 2013
Chinese developer launches maiden Sydney high-rise
Chinese developer Greenland Group will simultaneously launch its A$600 million (S$681 million) Sydney project in various cities including Singapore, Hong Kong and Australia this weekend, said marketing agent CBRE.Greenland Centre Sydney (pictured), the group's first landmark development in the...
Continue Reading • 10 Dec 2013