Havelock Rd hotel site triggered for sale
A hotel site at Havelock Road will be launched for public tender in two weeks’ time, revealed the Urban Redevelopment Authority (URA).The land parcel was earlier released under the reserve list of the 1H2013 Government Land Sales (GLS) Programme and was triggered for sale after a...
Continue Reading • 4 Sept 2013
Hillion Residences seminar draws good crowd
A recent seminar organised by PropertyGuru and held on a Sunday at the Hillion Residences showflat in Bukit Panjang attracted a healthy number of visitors. This is the fourth such event in 2013 for the property portal. The attendees were mainly Singaporean buyers and investors, many of whom...
Continue Reading • 4 Sept 2013
Govt looking for more possibilities underground
Singapore is considering further utilising its underground spaces and is looking at several ideas which will complement the above-ground master plan to make the country more “exciting and liveable”. In a blog post, National Development Minister Khaw Boon Wan said the current master...
Continue Reading • 3 Sept 2013
Huge Olympic boost for 2020 city
Property prices, particularly of land, are set to skyrocket in either Istanbul, Madrid or Tokyo later this week when the host city for the 2020 Olympic Games is announced.Richard Way, Editor at The Overseas Guides Company, said: "Property investors are waiting to see which city the...
Continue Reading • 3 Sept 2013
Chinese funds target Singapore property: report
With over US$14 billion (S$17.84 billion) available for overseas property investment, Chinese insurance funds will likely target high transparency markets such as Singapore, Canada, US and the UK, revealed a CBRE report.In fact, prime high-end office properties in core international cities are...
Continue Reading • 3 Sept 2013
Developers dangling rental guarantees to draw buyers
As a way to dispose of hard-to-sell property, developers are resorting to rental guarantees for some shop units to lure reluctant buyers without lowering prices, according to media reports. In fact, one newspaper advertisement highlighted that a four percent guarantee is being offered for some...
Continue Reading • 3 Sept 2013
Many undaunted by Bidadari's cemetery history
Many Singaporeans remain unfazed by Bidadari’s history as the country's largest cemetery, media reports said. Plans are underway to convert the 18ha cemetery into a HDB town and private estates. “I'm not bothered by its cemetery history...I'm aware that other housing areas like Bishan...
Continue Reading • 3 Sept 2013
CEA denies spot check case
Singapore’s Council for Estate Agencies (CEA) has confirmed that it did not conduct checks on a salesperson as suggested in a recent email received by PropertyGuru. CEA also confirmed it had earlier received such similar feedback.In the email, a real estate agent who was marketing a HDB...
Continue Reading • 3 Sept 2013
Strong Singapore interest for SC Asset
Listed Thai property developer SC Asset returned to Singapore last weekend, tempting buyers with The Crest Sukhumvit 24 and The Crest Sukhumvit 49 freehold condominium projects.Last year the developer enjoyed strong off-plan sales in Singapore for its The Crest Sukhumvit 49 project, recording...
Continue Reading • 2 Sept 2013
Sell-out for Sydney's Barangaroo
Many Southeast Asian property buyers and investors were left disappointed when units at one prime Sydney development were sold out in just four hours of opening for simultaneous sales in Singapore, Australia and Hong Kong last Saturday.Every apartment in the first phase of the much-anticipated...
Continue Reading • 2 Sept 2013
Industrial sector leads hike in DC rates
The Ministry of National Development (MND) has announced new development charge (DC) rates, or taxes payable on the enhancement in land value for the next six months, with industrial property seeing the highest uptick at 15 percent on average.“The largest increase of 29.2 percent was seen...
Continue Reading • 2 Sept 2013
Ambitious new Health City launched in Novena
Singapore’s largest healthcare complex will soon rise in Novena, according to media reports.Called “Health City Novena”, the 17ha hub will connect public and volunteer healthcare facilities with a medical school.To be completed in 2030, the complex will comprise five new...
Continue Reading • 2 Sept 2013
Albedo negotiates for more land in Iskandar
Catalist-listed Albedo, a steel trading company, announced that the deadline for agreeing to a reverse takeover deal with Temasya Cergas has been extended to 30 September.While Albedo and Temasya have signed a supplemental agreement to a memorandum of understanding (MOU), both parties also agreed...
Continue Reading • 2 Sept 2013
Changi's Terminal 5 one of the world's largest
Changi Airport’s new Terminal 5 is set to be ready in the mid-2020s, revealed Minister of State for Finance and Transport Josephine Teo, who is also chairperson of the Changi 2036 Steering Committee.The mega-terminal is expected to handle 50 million passengers per annum (mppa) and will be...
Continue Reading • 2 Sept 2013
More S'poreans snapping up Philippine property
A growing number of Singapore-based buyers and investors are looking at Philippine properties as an alternative to more established overseas destinations like Australia and the UK due to proximity and much lower prices, according to experts.Another factor is the slew of cooling measures that have...
Continue Reading • 2 Sept 2013
Property tycoons top Singapore rich list
Forbes Singapore's rich list now has a record 21 billionaires from just 16 last year. As for the combined net worth of the 50 richest Singaporeans, it stands at US$80 billion or over S$102 billion. Holding on to top spot are property tycoons Robert and Philip Ng whose net worth rose to US$10.6...
Continue Reading • 30 Aug 2013
Philippines show back this weekend
Asia's leading property portal PropertyGuru will hold its third Philippines Property Show (PPS) at Marina Bay Sands Convention Centre this weekend (31 August - 1 September) from 11am to 7pm daily.The two-day exhibition will showcase a range of residential and resort developments across the...
Continue Reading • 30 Aug 2013
It's looking like a buyer's market
To offset the effects of tighter mortgage rules, developers are giving home buyers more leeway in choosing units and making purchase decisions, media reports said.The preview periods for new launches have been extended by many developers to give buyers more time to decide and secure enough...
Continue Reading • 30 Aug 2013
S'pore household debt at 77.2% of GDP: report
Singapore’s household debt during the first quarter was relatively high compared to other Asian countries at 77.2 percent of its GDP, revealed a report from Bank of America Merrill Lynch. It then comes as no surprise that the government has implemented measures to ensure that Singaporean...
Continue Reading • 30 Aug 2013
Singapore spotlight for BKK condos
EXCLUSIVE: Thailand property investments will once again be in the Singapore spotlight this weekend with three exhibitions taking place that will showcase a number of condominiums from Bangkok.Prominent listed developer Land and Houses is exhibiting two of its premium projects outside Thailand...
Continue Reading • 30 Aug 2013