Strong demand for The Inflora
The Inflora, a new condominium along Flora Drive in Upper Changi, received overwhelming response on Friday – its first day of launch. At the end of the day, more than 250 options to purchase were issued to prospective buyers. The Inflora is a 396-unit development by Hong Leong...
Continue Reading • 28 Oct 2013
Prices up for commercial property in Q3
Prices of commercial properties were up in the third quarter this year, with office space posting the highest increase of 1.0 percent, new data from the Urban Redevelopment Authority (URA) revealed. This is still lower than the 1.5 percent rise in the previous quarter.For shop space, prices...
Continue Reading • 25 Oct 2013
Q3 private home prices up 0.4%
Private home prices in Singapore rose by 0.4 percent in the third quarter this year, according to updated figures released on Friday by the Urban Redevelopment Authority (URA). This is still lower than the 1.0 percent increase seen in Q2. Specifically, prices of non-landed properties in...
Continue Reading • 25 Oct 2013
Singapore CBD office rents 8th most expensive globally
Office space in Singapore’s central business district is listed as the 8th most expensive in the world, with rents almost similar to that of Fifth Avenue in New York, one of the world’s most expensive shopping streets, a report from Jones Lang LaSalle revealed.Renting an...
Continue Reading • 25 Oct 2013
Malacca Centre office floor for sale
An entire floor at Malacca Centre (pictured) is up for sale by private treaty with a price tag of about S$3,060 psf, revealed marketing agent Savills Singapore. Located at Raffles Place, Malacca Centre is a strata-titled office building comprising 16 floors and comes with a 999-year lease. It...
Continue Reading • 24 Oct 2013
Govt to regulate the daylight reflectance of buildings
Singapore's Building and Construction Authority (BCA) will soon update its building regulations to include reflectivity requirements for all kinds of facade materials, according to National Development Minister Khaw Boon Wan. In a blog post on Thursday, Mr Khaw said that the government has...
Continue Reading • 24 Oct 2013
CRCT's distributable income up
CapitaRetail China Trust (CRCT) recorded a 2.1 percent increase in distributable income to S$17.1 million in Q3 2013 from S$16.7 million over the same period last year.This was due mainly to higher revenue growth from better tenants’ sales and higher rental reversions at CapitaMall...
Continue Reading • 24 Oct 2013
New appointments at CBRE, Rowsley Group
Property consultancy CBRE has appointed Hugh Hamilton (pictured) as Senior Director, Southeast Asia for its Global Corporate Services (GCS) business.An expert on corporate real estate in Asia, Hamilton's responsibilities will include transaction management, occupier consulting, facilities...
Continue Reading • 24 Oct 2013
Croydon: London's Latest Investment Hotspot
Located just 13 minutes from London Bridge, the once rejected South London area of Croydon is entering a new era and rapidly becoming one of the UK capital’s most sought-after locations for property buyers. A major regeneration plan is set to improve transport links, improve public spaces...
Continue Reading • 24 Oct 2013
Gambas Crescent industrial sites awarded to highest bidder
Two industrial sites at Gambas Crescent (pictured) have been awarded to Grow-Tech Properties after the developer submitted top bids for them, revealed the Urban Redevelopment Authority (URA). Launched for sale on 29 August, the two plots have a lease of 30 years and are zoned for Business 1...
Continue Reading • 24 Oct 2013
Thailand property tax hike mulled
Thailand’s Fiscal Policy Office Director has suggested that the country needs to revamp its entire tax structure, including upward adjustments to property and building taxes in the Kingdom.Somchai Satchaphong told reporters on Tuesday that the move is needed to accommodate the country's...
Continue Reading • 23 Oct 2013
Sunac: China home sales on the up
Chinese developer, Sunac China Holdings (Sunac) expects home sales to increase by at least 11 percent this year, on the back of robust demand from wealthy buyers, according to media reports.Sunac chairman Sun Hongbin said, for this year, the Tianjin-based developer expects home sales to exceed 50...
Continue Reading • 23 Oct 2013
School campus in Swiss Club precinct up for lease
The German European School Singapore campus at 72 Bukit Tinggi Road (pictured) has been launched for 26-year lease tender, according to marketing agent Savills Singapore. The lease has a renewal option of another one-plus-one year that could be granted thereafter.Located within The Swiss Club...
Continue Reading • 22 Oct 2013
For sale: Freehold shophouses along Upper Bukit Timah Road
A cluster of five freehold shophouses (pictured) along Upper Bukit Timah Road has been put up for sale by expression of interest (EOI) according to appointed marketing agents, Jones Lang LaSalle (JLL) and CBRE.Located at Nos. 826/A to 834/A (even numbers) Upper Bukit Timah Road, the two-storey...
Continue Reading • 22 Oct 2013
SkyPark Residences is most popular EC in 2013
The e-application exercise for SkyPark Residences, the seventh and last executive condominium (EC) to launch in 2013, closed on Sunday attracting over 1,600 applications, or more than three times the 506 units available. Jointly developed by JBE Holdings and Keong Hong Holdings, SkyPark...
Continue Reading • 21 Oct 2013
Entire 20th floor at Peninsula Plaza for sale
The entire 20th floor of Peninsula Plaza (pictured) is up for sale via expression of interest (EOI), according to marketing agent DTZ. The subject property has a total strata area of 8,514 sq ft and comprises six strata units ranging in size from about 990 to 1,776 sq ft. Interested parties...
Continue Reading • 21 Oct 2013
Indonesia's property market to slow: Jones Lang
Demand for residential apartments and office units in Indonesia’s capital is expected to drop in the coming months as potential buyers adopt a wait-and-see approach amid stricter lending requirements, the declining rupiah and as they wait for new policies from the incoming government after...
Continue Reading • 21 Oct 2013
CCT's Q3 distributable income up 1.6%
CapitaCommercial Trust's (CCT) distributable income increased 1.6 percent to S$58.8 million in the third quarter this year from S$57.9 million in Q3 2012. This is primarily due to lower interest expenses in the quarter and distribution of tax-exempt 1H2013 distributable income from Quill...
Continue Reading • 21 Oct 2013
New contest to guesstimate The Istana's value
Ever wondered what The Istana is worth? That’s the question posed by PropertyGuru in a new contest that aims to get Singaporeans to enter a hypothetical, indicative value of this iconic property. Launched on Friday, the PropertyGuru Value-Estimate Contest is also the first of its kind in...
Continue Reading • 18 Oct 2013
OUE's proposed commercial REIT to acquire Lippo Plaza
Singapore-listed developer Overseas Union Enterprise (OUE) is looking to include Shanghai’s Lippo Plaza in the initial portfolio of its proposed OUE Commercial Trust.Last month, OUE announced plans to set up a commercial-focused REIT in Singapore, although it did not provide any...
Continue Reading • 18 Oct 2013