CDL celebrates 50 years in business
Home-grown developer CDL celebrated its 50th anniversary on Friday evening with a gala dinner at W Singapore – Sentosa Cove, which was attended by over 400 local and international dignitaries including Deputy Prime Minister Teo Chee Hean. The event showcased CDL’s transformation over...
Continue Reading • 9 Sept 2013
60% of Sea Horizon units sold
Sea Horizon, the latest executive condominium (EC) in the market sold about 60 percent of its units on the opening weekend of sales bookings. According to its developers Hao Yuan Investment and Sustained Land, buyers started streaming into the showflat in Pasir Ris at 6pm on Saturday to select...
Continue Reading • 9 Sept 2013
Developers slashing prices amid TDSR terror
Developers are lowering launch prices of new projects as the Total Debt Servicing Ratio (TDSR) begins to bite, media reports said. Among the projects affected is UOL and Singapore Land's Thomson Three condo (pictured) in Bright Hill Drive.“Without TDSR, we could easily have priced this...
Continue Reading • 9 Sept 2013
Record set for Chinese land prices
A new record for Chinese land prices has been set with the 28,168 sq m purchase of a residential land parcel for more than US$343 million (S$437.5 million) in central Beijing.The Financial Times reported the buyer to be Sunac China, who also committed to build a hospital on a separate site as...
Continue Reading • 9 Sept 2013
First London expo for Brunei
One of the first London Property Exhibitions to take place in Brunei happened last week, with agents describing both the levels of interest and sales as being far better than they had expected.Brunei-based Valor Property Agency working alongside Colliers International Singapore showcased The...
Continue Reading • 9 Sept 2013
Malaysia Property Show back today
Asia's leading real estate portal PropertyGuru will hold its sixth Malaysia Property Show (MPS) at Orchard Hotel in Singapore this weekend (7 - 8 September) from 10am to 7pm daily.Showcasing the latest residential projects from across the causeway, participating developers will include HCK...
Continue Reading • 7 Sept 2013
Election relief for Aussie homebuyers
The end of months of political uncertainty in Australia this weekend will be a welcome relief for home loan customers after the Reserve Bank of Australia (RBA) left its cash rate on hold.Managing Director of 1300HomeLoan John Kolenda said it was no surprise to see the RBA maintain its official...
Continue Reading • 7 Sept 2013
Far East buyers focus on UK country homes
Property buyers and investors from the Far East have been splashing up to £10 million on U.K. property in London’s commuter belt.Premier residential estate agency Hamptons International announced that the number of applicants from the Far East looking to buy properties priced...
Continue Reading • 7 Sept 2013
London in the Singapore spotlight
No less than nine separate property exhibitions featuring United Kingdom property investment opportunities take place in Singapore this weekend – underlining the fact that local buyers’ love of London property remains stronger than ever.Three projects are also claiming to be having...
Continue Reading • 7 Sept 2013
MDIS breaks ground for $116m Malaysia campus
MDIS yesterday broke ground for its largest overseas campus, the S$116.25 million MDIS Malaysia Campus in EduCity@Iskandar. Five times bigger than the Singapore campus, the one in Johor will offer state-of-the-art facilities, as well as disability-friendly and green features. The private school...
Continue Reading • 6 Sept 2013
DUO and Marina One set for 2017 completion
Two mega mixed-use projects jointly developed by Malaysia and Singapore are expected to be ready in 2017, after the developer M+S awarded two construction contracts amounting to S$2 billion. DUO in the Bugis area will be built by Japanese Obayashi Corporation, while a Korean consortium of Hyundai...
Continue Reading • 6 Sept 2013
$1.43 billion top bid for Yishun site
A mixed commercial and residential site (pictured) at Yishun Avenue 2/Yishun Central 1 drew five bids when its tender closed yesterday, attracting an eye-popping top bid of S$1.43 billion.Launched for sale by HDB on 28 June, the land parcel has an area of 41,084.9 sq m and maximum gross floor...
Continue Reading • 6 Sept 2013
S'pore developer wins property 'Oscars'
Property group UOL has clinched two awards at the FIABCI Singapore Property Awards 2013. Both the 367-room PARKROYAL on Pickering and Double Bay Residences comprising 646 condo units won in the Hotel and Residential (High-Rise) categories respectively.Considered the Oscars of the real estate...
Continue Reading • 6 Sept 2013
Landmark London project showcases in Singapore
A mixed-use development in what is set to be one of the largest regeneration schemes in North London will be showcased to Singapore property buyers and investors this weekend.Jones Lang LaSalle, as joint marketing agent, will be showcasing City North, a stylish residential and commercial space in...
Continue Reading • 5 Sept 2013
Developer shifts to mass market segment
Property developer Heeton Holdings is moving to the mass market segment, on the back of a challenging property market within the city-state, according to media reports.“Normally, we don't go into these areas but, lately, we feel that it may be a safer bet,” said Chief Operating...
Continue Reading • 5 Sept 2013
Singapore now slightly more liveable: study
Singapore's liveability rating has risen by 0.2 percent from 2008 to 88.7 percent, revealed the Economist Intelligence Unit's latest report for 2013. The city-state is now ranked in 52nd place among the 140 cities monitored.“Liveability often seems static on a year-to-year basis. But...
Continue Reading • 5 Sept 2013
New York property attracting more Singaporeans
The number of Singaporeans searching for New York property jumped during the first half of 2013, with enquiries from the city-state ranked in third place globally by new research from Knight Frank.Only Brazil and France saw a greater increase in searches for property in the Big Apple according to...
Continue Reading • 5 Sept 2013
Student property shows halted in HK
Real estate agents selling overseas student accommodation in Hong Kong have suspended exhibitions until regulatory guidelines from the Securities and Futures Commission (SFC) are clarified.The move comes after the SFC outlined regulations concerning offering and promoting Collective Investment...
Continue Reading • 5 Sept 2013
First Forbes Tower set for Manila
Global media company Forbes and prominent Philippines developer Century Properties Group are set to build the world’s first Forbes-branded Forbes Media Tower in Makati, Metro Manila.The commercial building will be designed to serve the world’s business leaders by providing an...
Continue Reading • 4 Sept 2013
More properties up for auction in 2013: report
The number of properties put up for auction jumped to 224 in the first half of 2013 from a record low of 140 properties in 2H2012, with year-on-year growth at 24 percent. This came as a higher proportion of non-residential properties entered the market, revealed a Knight Frank report.Around 92...
Continue Reading • 4 Sept 2013