DUO expected to attract Malaysian buyers
The integrated development DUO (pictured), one of two major projects in Singapore by M+S Pte Ltd, a joint venture between Malaysia’s Khazanah Nasional and Singapore’s Temasek Holdings, opened its show gallery in Kuala Lumpur’s Plaza Mont’ Kiara last Friday.Located on a...
Continue Reading • 11 Nov 2013
A Chat with Patrick Lam from JBE Holdings
The executive condominium (EC) market has been in the spotlight recently as more buyers are drawn to their affordable prices and lifestyle options. SkyPark Residences, jointly developed by JBE Holdings and Keong Hong Holdings, is the latest EC to launch and has seen overwhelming demand.JBE...
Continue Reading • 11 Nov 2013
Tenders awarded for two industrial sites
The tender for two industrial sites at Tuas South Street 6 (Plot 4) and Tuas South Street 7 (Plot 28) has been awarded by JTC Corporation to Derman Aluminum (S) and Reclaims Enterprise, after they submitted the highest bids of S$2.88 million and S$5.33 million respectively. Launched for sale on...
Continue Reading • 11 Nov 2013
District Watch: District 16
Nestled in the east, District 16 is a largely residential enclave comprising HDB flats and private homes offering an escape from the hustle and bustle of city life. Dotted with several neighbourhood schools such as Chai Chee Secondary School and Temasek Primary and Secondary Schools, as...
Continue Reading • 11 Nov 2013
Part of Keppel port terminal to be acquired for MRT line
The government will acquire a portion of land at PSA Corp’s Keppel Terminal to make way for the construction of the sixth stage of the Circle Line, announced the Land Transport Authority (LTA) and Singapore Land Authority (SLA) recently. SLA revealed that it had gazetted the land affected...
Continue Reading • 8 Nov 2013
Sentosa condo prices down: Colliers report
Housing measures and other factors have opened a new window of opportunity for home buyers.Considered a playground for wealthy Singaporeans and foreigners, the exclusive residential enclave of Sentosa Cove has lost some of its lustre from its heyday; due mainly to the 2008 global financial crisis...
Continue Reading • 8 Nov 2013
Celebrity home feature: Chris Hemsworth
Who'd have known that after a tiny role in the first Star Trek as Kirk's dad, Chris Hemsworth would end up playing Thor, the God of Thunder in Marvel's cinematic universe?Yet, the wielder of Mjolnir has certainly taken the world by storm. Wherever he goes, camera flashes follow much like the...
Continue Reading • 8 Nov 2013
NZ house prices hit record high
House prices in New Zealand hit a new high in October following strong growth in the country’s two key cities while lending restrictions imposed by the central bank have yet to make an impact, revealed state-owned property valuer Quotable Value (QV).QV's residential property index climbed...
Continue Reading • 8 Nov 2013
Hwa Hong buys stake in London property
Singapore-listed property developer Hwa Hong Corporation, through its subsidiary Singapore Warehouse Company, has purchased a stake in a prime London residential property. A 19 percent interest was acquired in property owner GOGC Allen House (GOGCAH) for about S$9.9 million.Through the...
Continue Reading • 8 Nov 2013
Developer building homes for rich Chinese in Singapore
China's largest mainland-listed developer, China Vanke, is building residential units especially for wealthy Chinese in Singapore and raising debt in the city’s currency.According to media reports, the move comes amid efforts by the Chinese government to rein in property prices and minimise...
Continue Reading • 7 Nov 2013
S'pore has 5th largest billionaire population in Asia
Home to 28 billionaires, Singapore has Asia’s fifth largest billionaire population and the world’s 18th largest, according to the Wealth-X and UBS Billionaire Census 2013. The city-state is behind China, India, Hong Kong and Japan but is ahead of Taiwan, Indonesia and South Korea....
Continue Reading • 7 Nov 2013
Property investor confidence up
Asian investors are more upbeat about real estate investment, with 62 percent expecting the property market in Asia to improve over the next 12 months, according to the latest Colliers International Global Investment Sentiment Survey.This reflects a higher level of confidence than in the previous...
Continue Reading • 7 Nov 2013
URA to launch tender for East Coast Road hotel site
A hotel site (pictured) at East Coast Road will be launched for sale by public tender, the Urban Redevelopment Authority (URA) announced today.The 99-year leasehold site located near the junction of East Coast Road and Joo Chiat Road, has an area of 0.8ha and a gross floor area of 266,040 sq ft....
Continue Reading • 7 Nov 2013
Shops for sale at The Interlace
Eight strata-titled shop units at The Interlace, a 99-year leasehold development located at Alexandra Road / Depot Road, have been put up for sale by Knight Frank by Expression of Interest.The newly completed residential development (pictured) by CapitaLand Singapore Ltd and Hotel Properties...
Continue Reading • 7 Nov 2013
Far East's Miro takes top award
Far East Organization’s Miro condominium picked up the Best Residential Design Gold Award at the annual MIPIM Asia Awards, which took place in Hong Kong earlier this week.MIPIM Asia is regarded as the property leaders' summit in Asia-Pacific, and 33 winning projects were revealed at the...
Continue Reading • 7 Nov 2013
Melaka to target foreign buyers
Citing the growing number of Singaporeans purchasing property in the state, Melaka’s Chief Minister has said he’s looking at raising the minimum price that foreign buyers must pay to buy or invest there.Speaking to reporters at yesterday’s State Exco meeting, Chief Minister...
Continue Reading • 7 Nov 2013
Real estate professorship launched
The National University of Singapore (NUS) has established the Ng Teng Fong Professorship in Real Estate, named after the late Ng Teng Fong, Far East Organization’s founding Chairman and visionary property tycoon.It aims to attract eminent and talented academics with the ability to combine...
Continue Reading • 6 Nov 2013
Local Trustee taps into Singapore IPO market
The Trust Company continues to see strong demand for its services across the region following the Initial Public Offer (IPO) of the Viva Industrial Trust in Singapore.Listed on the Singapore Stock Exchange on Monday, The Trust Company serves as the trustee for the newly listed Singapore real...
Continue Reading • 6 Nov 2013
Terminal 4 at Changi Airport to open in 2017
Singaporeans and foreigners can now look forward to a new terminal at the Singapore Changi Airport in 2017 as works began yesterday for the construction of Terminal 4 (T4).The ground breaking ceremony was attended by Transport Minister Lui Tuck Yew.The new terminal (pictured), which will be...
Continue Reading • 6 Nov 2013
Fewer launches, higher prices in Bangkok
Fewer condominiums were launched in Bangkok during the third quarter of 2013, while average prices rose marginally quarter-on-quarter and remain more than 22 percent higher than those seen during the first three months of this year.In its Bangkok Condominium Market report, Colliers...
Continue Reading • 6 Nov 2013