New NZ project launching in Singapore
Park Residences, Conrad Group’s newest residential project in Auckland, New Zealand, will launch this weekend (19-20 October) at the Regent Hotel in Singapore as well as the Mulia Hotel in Jakarta.Located in the central business district, the development will comprise 225 residential units...
Continue Reading • 18 Oct 2013
Leedon Road GCB up for sale
A colonial-style good class bungalow (GCB) at Leedon Road has been put up for sale via expression of interest (EOI), revealed marketing agent DTZ. Located within the prime GCB area of Belmont Park, the site has an area of about 43,926 sq ft and is zoned residential under the 2008 Master Plan. It...
Continue Reading • 17 Oct 2013
Free Saturday seminar at Eight Riversuites
Leading real estate portal PropertyGuru, in partnership with UE Development, will hold a consumer seminar at the sales gallery of Eight Riversuites along Whampoa East Road at 12:30pm this Saturday (19 October). The event will focus on the investment potential of city-fringe areas in...
Continue Reading • 17 Oct 2013
Asia's hotel sector remains resilient
Despite a growing pipeline supply and global economic uncertainties, hotel operations in Asia showed resilience during the first eight months of 2013, with increased activity on the part of buyers, CBRE Hotels said.This is fuelled by the need for assets with genuine growth potential and the...
Continue Reading • 17 Oct 2013
New home sales rebound in Sept
Sales of new private homes in September reached 1,246 units, up 68 percent from the 742 units sold in August, according to data released on Wednesday by the Urban Redevelopment Authority (URA). Including executive condominiums (ECs), the figure increased to 1,658 units or a 13 percent hike from...
Continue Reading • 16 Oct 2013
Two industrial buildings in Joo Koon for sale
Two industrial buildings located in Joo Koon are up for sale by expression of interest (EOI), said marketing agent Jones Lang LaSalle. The property at 9 Joo Koon Road (pictured) is a single-storey factory with a mezzanine level and comprises warehouse and office spaces. The 39,116 sq...
Continue Reading • 16 Oct 2013
Northstar completes acquisition of ERA
Realty Partners Group, a unit of Singapore-based private equity firm Northstar, has completed the acquisition of ERA's regional master franchise rights in Asia Pacific from Hersing Corporation. The deal, approved by the master franchisor Realogy Group, completes the transfer of ownership to...
Continue Reading • 16 Oct 2013
Seletar Mall gets anchor tenants
The upcoming Seletar Mall in Sengkang West has confirmed three anchor tenants that will provide nearby residents with a variety of shopping, entertainment and dining options, revealed media reports.The complex will house an NTUC Foodfare food court, NTUC FairPrice's upscale supermarket...
Continue Reading • 16 Oct 2013
LTA mulls building more underground roads
Singapore’s Land Transport Authority (LTA) is currently studying plans to build subterranean roads, media reports said. The roads will link the new downtown Marina Bay, the central business district and the future southern waterfront district beyond 2030. Aside from traffic moving...
Continue Reading • 16 Oct 2013
Orchard Rd ranks 27th most expensive retail street worldwide
Singapore’s shopping hub Orchard Road has emerged as the world’s 27th most expensive retail street with annual rents at US$355.39 psf (S$443.70), down from 25th place last year, noted a Colliers International survey. Retail streets in Hong Kong featured prominently in the top...
Continue Reading • 14 Oct 2013
NZ home prices up 9.8% in Sept over last year
Housing prices in New Zealand hit a record high in September, according to the Real Estate Institute of NZ (REINZ).Based on REINZ’s index, prices moved up 0.8 percent month-on-month in September, or up 9.8 percent over the same period last year. At the same time, the number of homes sold...
Continue Reading • 14 Oct 2013
Latest phase of London's Beaufort Park launching in S'pore
The Carvell Apartments, the latest phase of the new Beaufort Park development in north-west London, will be launching this weekend (12-13 October) at Singapore's Regent Hotel. Located within easy access to Central London via a nearby underground tube station, the new phase comprises suites...
Continue Reading • 14 Oct 2013
Singapore GDP picks up in Q3
The Singapore economy surpassed market expectations in Q3 this year as GDP grew 5.1 percent year-on-year, revealed advance estimates by the Ministry of Trade and Industry (MTI).The figure beats the median forecast growth of 3.8 percent by economists. It also implies that the economy contracted at...
Continue Reading • 14 Oct 2013
More new projects hitting the market
Two private residential developments are expected to enter the market in the coming weeks as developers find little incentive to hold back new launches. The Inflora, a 396-unit condominium located along Flora Drive in Upper Changi will open its showflat from this weekend, while sales bookings...
Continue Reading • 11 Oct 2013
E&O opens sales gallery in Singapore
Malaysian developer Eastern & Oriental Berhad (E&O) has opened its new 4,118 sq ft sales gallery at One Raffles Link in the central business district. Eric Chan, Deputy Managing Director of E&O, said: “The opening of the E&O Property Gallery is a vital platform in our...
Continue Reading • 11 Oct 2013
Sembawang EC to open for E-application
SkyPark Residences, the first executive condominium (EC) with a 100-metre SkyPark and various water facilities in Sembawang, will open for e-applications on 12 October 2013.Jointly developed by Keong Hong Holdings and JBE Holdings, the 506-unit development will feature three- to five-bedroom...
Continue Reading • 10 Oct 2013
Q3 industrial activity slows: report
The industrial property market witnessed a slowdown in both sales and leasing activity in Q3 this year, revealed a Colliers International report. Average capital values of prime freehold conventional factory space dipped slightly last quarter, after reporting gains over the past 16...
Continue Reading • 10 Oct 2013
For sale: 5 landed houses in Sembawang Park
Two semi-detached and three terrace houses in the residential enclave of Sembawang Park have been launched for sale by tender, marketing agent CBRE said. The terrace houses at Kerong Walk have land sizes of between 2,187 sq ft and 2,946 sq ft, while the larger semi-detached properties have...
Continue Reading • 10 Oct 2013
Seaside villas in Bintan on sale with $435,000 starting price
Resort operator Bintan Resorts has launched the first seaside residential villas in Bintan's Lagoi Bay, dubbed Pantai Indah (pictured).Developed by PT Buana Megawisatama, a unit of Singapore-listed Gallant Venture, the 13ha project will be managed by Holiday Villa International.Comprising 139...
Continue Reading • 10 Oct 2013
Ascott secures 10th property in Thailand
Ascott, a unit of property giant CapitaLand, will manage a new 133-unit serviced residence project in the Sri Racha district of Thailand's Chonburi province. Scheduled to open in 2014, Citadines Grand Central Sri Racha is the 10th property in Thailand for the serviced residence operator and its...
Continue Reading • 10 Oct 2013