Dubai's housing prices still trail peak
While property prices in Dubai have recorded robust growth in the last 12 months, they are still lower than during the 2008 boom, revealed a report from consultancy Asteco. Specifically, sale prices of villas and apartments soared 26 percent and 42 percent respectively, while rents jumped 19...
Continue Reading • 3 Oct 2013
Cluny Park Residence to host tea workshop
PropertyGuru is partnering with developer Tuan Sing Holdings to hold a Tea Appreciation Talk at the Cluny Park Residence sales gallery along Dempsey Road at 2:30pm this Saturday (5 October).Following the recent success of the portal's Wine Appreciation Talk at Sennett Residence, this latest event...
Continue Reading • 3 Oct 2013
Average Grade A office rents up 2.8%
Singapore’s office market continues to rally in Q3 2013 with average Grade A office rents climbing 2.8 percent quarter-on-quarter, according to a Cushman & Wakefield report. All major submarkets reported growth in average rents while overall vacancies fell across the CBD. For instance,...
Continue Reading • 2 Oct 2013
Impact of US shutdown limited, say analysts
Analysts and policy makers remain confident that the global economy will withstand the first US government shutdown in 17 years, said media reports. According to Tomo Kinoshita, chief economist at Nomura Holdings in Tokyo, a one week shutdown of some government services will see an impact of less...
Continue Reading • 2 Oct 2013
Jem mall reopens to public
Jem (pictured) reopened its doors this morning, two weeks after the collapse of a partial false ceiling on the first floor of the shopping mall. This comes after rectification works and thorough checks were carried out by engineers to ensure that the Jurong East complex is safe for...
Continue Reading • 2 Oct 2013
Asia hotel investments up 145%
Hotel investment volumes in Asia increased 145 percent year-on-year to reach US$3.9 billion (S$4.9 billion) this year as of end-Q3, noted a report from Jones Lang LaSalle's Hotels & Hospitality Group. In the third quarter alone, the market recorded US$1.2 billion (S$1.5 billion) of...
Continue Reading • 2 Oct 2013
Riviera Point up for $68m collective sale
A 33-unit residential development at the junction of River Valley Road and Kim Yam Road has been launched for collective sale by public tender, with its owners expecting offers above S$68 million, which translates to about S$1,379 psf ppr, according to marketing agent Jones Lang LaSalle. The...
Continue Reading • 1 Oct 2013
Malaysian developer terminates $1.66b project
Mah Sing Group is terminating its RM4.3 billion (S$1.66 billion) Meridian @ Senibong project in Iskandar Malaysia, after failing to obtain written consent from neighbouring developers for the construction of road accesses. The proposed project was supposed to feature a hotel, serviced residences,...
Continue Reading • 1 Oct 2013
Private property prices up 0.4%: URA
Singapore’s private residential property index saw a moderate climb of 0.4 percent to reach 216.2 in Q3 2013, revealed flash estimates from the Urban Redevelopment Authority (URA). But there are indications that private home prices in all segments are on the decline following the recent...
Continue Reading • 1 Oct 2013
Priciest US home for sale
River House Residence already owns the title of the largest single family residence in Manhattan, and now - at US$130 million - it also holds the record for the most expensive property listing ever to appear in the United States.The large townhouse was opened in 1931 and is designed by famous...
Continue Reading • 1 Oct 2013
Vacant plots at Yio Chu Kang go on sale
Two adjoining freehold residential sites off Yio Chu Kang Road (pictured) have been launched for sale by tender, said property consultancy Colliers International.Located at Tung Po Avenue in a mainly landed housing estate, the vacant plots have a total area of about 32,606 sq ft and are zoned for...
Continue Reading • 1 Oct 2013
Jem mall to reopen this Wednesday
After much anticipation, shopping mall Jem (pictured) will reopen on Wednesday (2 October), according to an update on its Facebook page. The news comes almost two weeks after the mall's temporary closure for rectification works following the collapse of part of a ceiling on the first...
Continue Reading • 30 Sept 2013
URA releases two sites at Upper Serangoon View for sale
Two residential sites at Upper Serangoon View (pictured) were launched for sale on Monday by the Urban Redevelopment Authority (URA). The plots were released under the confirmed list of the 2H2013 Government Land Sales (GLS) Programme and will provide developers and buyers with more private...
Continue Reading • 30 Sept 2013
Slow population growth may lead to housing oversupply
Singapore could face an oversupply in the private residential market as a consequence of its population growth, which increased at its slowest pace in nine years reaching 5.4 million in June 2013, up 1.6 percent from 5.31 million during the same period last year.Notably, the non-resident...
Continue Reading • 30 Sept 2013
5 units at 8 Nassim Hill sold for $2,400 psf
The portfolio sale of six high-end residences at 8 Nassim Hill in prime District 10 has seen healthy demand from buyers, with five units sold since its launch in April, revealed marketing agent Savills.Most of the buyers are Singaporeans and the rest are foreigners and PRs.“The...
Continue Reading • 30 Sept 2013
Singaporeans look to New Zealand
Singapore has overtaken Japan as the fourth-largest foreign investor in New Zealand, according to figures from Statistics New Zealand which show total foreign direct investment from Southeast Asia hit NZ$4.4 billion (S$4.58 billion) in the year to end of March, up from NZ$2.8 billion (S$2.9...
Continue Reading • 30 Sept 2013
Upcoming exhibitions to draw many Russian investors
With the winter season approaching, property exhibition organiser aiGroup has announced a series of overseas shows catering to the growing demand among Russians for property abroad.First up is the Moscow Overseas Property & Investment Show which will be held on 11 and 12 October at the...
Continue Reading • 30 Sept 2013
Overwhelming response from buyers at Sky Vue launch
The 99-year leasehold Sky Vue condominium in Bishan Central has attracted strong interest from buyers since its launch on Saturday.So far, more than 410 of the 505 units released for sale at the 694-unit project have been sold, at an average price of S$1,500 psf.Its developer CapitaLand said that...
Continue Reading • 30 Sept 2013
GCB market bracing for another sluggish year
You know the cooling measures are working when even the wealthy put off buying luxury homes. One such example is the good class bungalow (GCB) market which is expected to see a slowdown in sales activity this year. By definition, these properties have a minimum land plot size of 1,400 sq m...
Continue Reading • 27 Sept 2013
Investor demand at all-time high
The western English town of Exeter will be in the Singapore spotlight this weekend as the focus of the latest student accommodation property investment opportunity to be exhibited in the city-state. The studios and two-bedroom apartments that are available from Vita Student, one of the...
Continue Reading • 27 Sept 2013