London: Five years after Lehman
Normal 0 false false false EN-SG X-NONE X-NONE MicrosoftInternetExplorer4 In the wake of the five year anniversary...
Continue Reading • 20 Sept 2013
240 tenants at Jem affected by ceiling collapse
Shopping mall Jem (pictured) will remain closed until further notice following Wednesday's collapse of part of a ceiling on the first floor.More than 240 tenants at the mall are affected by the temporary closure.On its Facebook page, Jem said it is carrying out further checks and rectification...
Continue Reading • 20 Sept 2013
Sky-high S'pore property prices to benefit Malaysia
Singapore’s skyrocketing property prices will benefit Malaysian properties, especially those located within Iskandar Malaysia, revealed Credit Suisse.“Singapore has the means but lack of land, while Johor has abundance of land but lack of means,” said Yvonne Voon, Equity...
Continue Reading • 20 Sept 2013
S'pore offers best value to relocating firms
Singapore has been ranked the most cost-effective city to house staff despite its relatively high rents, according to recent research.A report by Savills showed the city-state topped Sydney and Moscow, offering better value for money when total accommodation costs were measured against gross...
Continue Reading • 20 Sept 2013
Thomson Three sees strong preview interest
The much-anticipated Thomson Three residential development will launch this Saturday (21 September). This is the first large-scale condominium to be launched in the Thomson area since 2011. Jointly developed by UOL Group and Singapore Land, the 99-year leasehold property comprises 435 one-to...
Continue Reading • 19 Sept 2013
Luxury EC to open for e-application soon
The new Waterwoods executive condominium (EC) is set to open for e-applications on 27 September. The 373-unit project at Punggol Field Walk/Punggol East will comprise a mix of housing types such as two-to five-bedders, maisonettes and penthouses, with sizes ranging from 807 sq ft to 1,722 sq...
Continue Reading • 19 Sept 2013
Sunshine Plaza offices on sale with rental guarantees
Prime strata office units at Sunshine Plaza (pictured) with a guaranteed rental yield of up to 4.5 percent have gone on sale, according to marketing agent DTZ. Comprising retail, office and residential units, the mixed-use building at 91 Bencoolen Street offers dual frontage onto Bencoolen Street...
Continue Reading • 18 Sept 2013
URA launches public tender for Havelock Road site
A prime hotel site at Havelock Road was launched for sale by public tender today, revealed the Urban Redevelopment Authority (URA).The land parcel had earlier been released from the reserve list of the Government Land Sales (GLS) Programme after a developer submitted a minimum bid of S$18...
Continue Reading • 18 Sept 2013
Seletar Hills bungalow on sale for $15m
A large corner bungalow in the mainly landed residential estate of Seletar Hills has been launched for sale by private treaty at a guide price of S$15 million, according to marketing agent Savills.Located off Seletar Road, the property at No.7 Begonia Crescent has a land area of 10,027 sq ft and...
Continue Reading • 18 Sept 2013
Indonesia to tighten rules on home loans
Indonesia’s central bank plans to revise the rules on the disbursement of housing loans starting next month, according to media reports. The first mortgage will be disbursed based on a property’s percentage level of completion, while subsequent housing loans will be disbursed only...
Continue Reading • 18 Sept 2013
S'pore NODX down 6.2%, economy may slip
Singapore’s non-oil domestic exports (NODX) fell unexpectedly in August compared to the same period last year, despite economists predicting a growth of 2.4 percent.This means that the country’s economy could be heading for a decline in the current quarter.According to IE Singapore,...
Continue Reading • 18 Sept 2013
5 projects causing buzz
August sales of new private homes shot up to 742 units - a 54 percent hike compared to July, according to latest figures released on Monday by the Urban Redevelopment Authority (URA). The best performer was Wing Tai's The Tembusu, a 337-unit condominium project located in the Kovan area....
Continue Reading • 17 Sept 2013
Muted home sales to continue, say analysts
Home buying demand is expected to remain sluggish in September due to the Total Debt Servicing Ratio (TDSR) rule implemented on 29 June that affects all property loans, several consultants said. They do not expect developers' sales volume to exceed 800 units this month, a sharp...
Continue Reading • 17 Sept 2013
Big turnout at Forestville seminar
A large crowd attended PropertyGuru's latest consumer seminar held at the Forestville showflat last Saturday afternoon (14 September). Over 120 prospective buyers, the majority of whom were young couples and HDB upgraders, participated in the two-hour event. PropertyGuru's Head of...
Continue Reading • 17 Sept 2013
Massive rise in August private home sales
Sales of new private homes for the month of August shot up to 742 units, a 54 percent increase compared to the previous month, according to data released by the Urban Redevelopment Authority (URA).Year-on-year, this was still 52 percent lower than in August 2012. Including executive condominiums...
Continue Reading • 17 Sept 2013
Global rental growth slows during first half of 2013
Rental growth worldwide was subdued during the first half of the year on the back of uncertain economic conditions, especially in Europe and China, revealed a DTZ Research report. “The global picture for the first half of this year is showing that most global corporations are waiting...
Continue Reading • 17 Sept 2013
Govt to look into ownership rights of underground space
With urban planners looking to develop underground space more extensively, the Law Ministry will have to study similar experiences of other countries with respect to ownership rights. Under the current law, ownership of underground space belongs to the owner of surface land “to a...
Continue Reading • 17 Sept 2013
Cooling measures needed to avoid major price correction: MND
The government’s recent property cooling measures are relevant and necessary to avoid a major price correction once economic conditions change, explained the Ministry of National Development (MND). It noted that market activity continues to be strong despite the slowdown in housing demand...
Continue Reading • 17 Sept 2013
Developers stand firm on TDSR assault
Despite the current economic conditions and cooling measures, particularly the Total Debt Servicing Ratio (TDSR) framework, property players remain optimistic on the outlook for Singapore’s housing market.Several developers are not holding back on their project launches while prices remain...
Continue Reading • 16 Sept 2013
Sentosa villa comes with serious flaws, says owner
The exclusive residential enclave of Sentosa Cove has been rocked again by another complaint of shoddy construction work, this time at YTL Group’s Sandy Island.Just last week, it was reported that Ho Bee was being sued by homeowners at The Coast at Sentosa Cove, for defects such as...
Continue Reading • 16 Sept 2013