Netizens urge Jem not to rush reopening
More than a week after the collapse of a partial false ceiling at Jem, the shopping mall remains closed to the public, with rectification works well underway by the property's management. At the same time, many netizens have shared their views on the incident, with some of them...
Continue Reading • 27 Sept 2013
Asia sales top 80% for London developer
U.K. developer Regal Homes has revealed it has just two units remaining for sale at its Banyan Wharf project (pictured) in Shoreditch, London, following recent successful sales exhibitions in Singapore and Hong Kong.More than 80 percent of the sales for units at Banyan Wharf to date have come...
Continue Reading • 27 Sept 2013
House of Tan Yeok Nee may sell for below $90m
The House of Tan Yeok Nee (pictured) is being sold for under S$90 million, with Pua Seck Guan's Perennial Real Estate Holdings tipped as the buyer, media reports said. Restored in 2000, the gazetted national monument along Penang Road is being sold by ERC Holding's special purpose vehicle, which...
Continue Reading • 27 Sept 2013
$1 price tag for Eminem's childhood home
Fancy buying a celebrity’s former house (pictured) for US$1? Believe it or not, that’s the asking price for the property where rapper Eminem once lived in as a teenager. Located in the northeastern section of the US city of Detroit in a neighbourhood that has fallen on hard times,...
Continue Reading • 26 Sept 2013
Asia Pac to become largest wealth market by 2014: report
The population and wealth of high net worth individuals (HNWIs) in Asia Pacific grew at double and triple the rates of HNWIs in the rest of the world over the period of 2007 to 2012. This according to the 2013 Asia Pacific Wealth Report by RBC Wealth Management and partner Capgemini. Last year...
Continue Reading • 26 Sept 2013
Freehold bungalow on sale for over $30m
A three-storey freehold bungalow along Jervois Road in District 10 has been put up for sale by tender, according to marketing agent Knight Frank.With a land area of around 14,824 sq ft, the site is zoned residential with a gross plot ratio of 1.4 and a height limit of five-storeys under the 2008...
Continue Reading • 26 Sept 2013
Two malls go on sale
Serangoon Plaza (pictured) has been put up for collective sale, revealed Savills Singapore. The five-storey complex at 320 Serangoon Road comprises 128 units of retail and office space. With an area of around 68,521 sq ft and plot ratio of 3.0 under the 2008 Master Plan, the site has been zoned...
Continue Reading • 26 Sept 2013
Private home prices unchanged: report
Despite lower transaction volumes, prices of resale private homes remained flat in Q3 as the Total Debt Servicing Ratio (TDSR) begins to bite, revealed a DTZ report.Notably, the TDSR framework has lengthened the loan application process, hindering multiple property owners from investing further...
Continue Reading • 26 Sept 2013
Lock+Store opens branch in Serangoon North
Lock+Store has launched a new self-storage facility in Serangoon North to cater to the rising demand for “air-con” storage among small and medium enterprises (SMEs) and households in Singapore.Lock+Store Chief Executive Officer Helen Ng said: “Since 2010, we have experienced a...
Continue Reading • 25 Sept 2013
Millenium & Copthorne launches new hotel in Chengdu
Global hotelier Millennium & Copthorne Hotels (M&C) has launched its first M Hotel branch in Chengdu over the weekend, as a strategy to strengthen its presence in China. M Hotel Chengdu is the group’s second hotel under the M Brand and the first M hotel outside Singapore.M&C...
Continue Reading • 25 Sept 2013
CapitaLand luring buyers with more affordable prices
Property giant CapitaLand is set to launch its much-anticipated Sky Vue condominium this Saturday (28 September) and expects to see healthy interest from buyers. The 99-year leasehold project in Bishan Central comprises 694 units of one- to three-bedrooms and penthouses. Average prices are...
Continue Reading • 25 Sept 2013
CEA aware of property investment seminars
Property experts’ move to lure cautious buyers into property investment seminars with claims knowing formulas of acquiring homes with no cash outlay owning multiple properties, have raised concerns among some members of the industry, media reports revealed.For instance, PropNex Realty chief...
Continue Reading • 24 Sept 2013
Fines if you fail to scoop the poop
Dog owners in one United States condominium face being fined up to US$1,000 (S$1,253) if they fail to scoop the poop.The Grande at Riverdale, an eight-storey four building development in northern New Jersey, will be using DNA testing to identify errant dog owners. They will face a US$250 (S$313)...
Continue Reading • 24 Sept 2013
Now harder for agents to make money on the side
The successive rounds of cooling measures have seen property agents who used to make money on the side from property investments, now finding it more difficult to do so, revealed media reports.According to the Council for Estate Agencies (CEA), these agents comprise a small portion of the agent...
Continue Reading • 24 Sept 2013
Spain's Golden Visa a step closer
Spain’s ‘Golden Visa’ – which will enable property investors to obtain a visa to live and travel within the European Union - is one step closer following the ratification by the Congress of Deputies.The new act will become law once it has been signed by the King.Under the...
Continue Reading • 24 Sept 2013
Shoebox units fuelling demand for rental homes
Buoyed by a surge in interest for shoebox apartments, rental demand for housing units remained strong in Q2, according to media reports.Based on data from Square Foot Research, rental contracts in the non-landed private residential market grew 11.6 percent from the previous year to 12,352 in the...
Continue Reading • 23 Sept 2013
Albedo strikes $774m deal to acquire Malaysian land
Singapore-based steel trading company Albedo has agreed to a S$774 million reverse takeover (RTO) with a company controlled by Malaysian tycoon Danny Tan that will likely transform Albedo into a major property developer in Iskandar Malaysia. Under the conditional sale and purchase agreement,...
Continue Reading • 23 Sept 2013
Student owners reminded of fire risk
Many property buyers from Southeast Asia have purchased student accommodation investments in what has been one of the best-performing property asset classes over the past two years – and with thousands of students in the United Kingdom starting their new academic year this week owners are...
Continue Reading • 23 Sept 2013
Sales success in Sydney's Wolli Creek
The appeal of new apartments in Sydney's Wolli Creek hasn't been lost on buyers with more than 80 percent of the first release of studios, one- and two-bedroom apartments at the area's latest new development, Southbank (pictured), already sold.The overwhelming sales success of Building A, which...
Continue Reading • 23 Sept 2013
Best value tag for Singapore
New York has displaced London as the world’s second most expensive city to rent business and residential space for employees, behind Hong Kong which retained top spot, while Singapore offers businesses locating in the city the best value accommodation in relation to the size of its...
Continue Reading • 23 Sept 2013