JB condo delay irks S'porean buyers
A group of Singaporeans who bought condo units at the 602-unit KSL D’Esplanade Residence in Johor Bahru, have complained about plan changes, repeated construction delays and confusing information on when the project will be completed. According to media reports, the buyers said they...
Continue Reading • 27 Jun 2013
District 10 luxury condo to launch this weekend
One Balmoral (pictured), a 91-unit luxury condo by Hong Leong Holdings, is set to launch this weekend. Located in District 10 along Balmoral Road, the freehold development features one- to four-bedroom units ranging between 592 sq ft and 1,657 sq ft in size, and are priced from S$1.5 million....
Continue Reading • 27 Jun 2013
Free property seminar at Sky Habitat
Asia’s leading property portal PropertyGuru and CapitaLand are jointly organising a seminar at the Sky Habitat Show Suite next to Bishan MRT station this Saturday (29 June).The event will feature two key speakers: Keith Cheong, Head of Research & Analytics, PropertyGuru Group, will...
Continue Reading • 27 Jun 2013
Swiss 5-star hotel set for Singapore preview
The Chedi Andermatt Residences (pictured), a five-star luxury hotel in Andermatt, Switzerland will hold its Singapore preview tomorrow, 27 June. The exclusive seminar and lifestyle show will be held at the Four Seasons Singapore Hotel.The Chedi Andermatt features 50 luxury hotel rooms and...
Continue Reading • 26 Jun 2013
Cushman buys Project Solution Group
Cushman & Wakefield (C&W), the world’s biggest privately-held service firm for commercial properties, has agreed to acquire Singapore-based project management specialist Project Solution Group (PSG).The acquisition is in line with C&W’s plan to strengthen its presence in...
Continue Reading • 26 Jun 2013
Agent jailed 3 weeks for pocketing $2,900, forgery
Property agent Bentley Ang was jailed for three weeks after pocketing S$2,900 of his client’s money and committing forgery to cover up the crime, the local media reports.A former agent of Knight Frank Property Network, Ang pleaded guilty to forging his client’s handwriting and...
Continue Reading • 26 Jun 2013
Sites on GLS confirmed list to offer fewer units
The land supply in the pipeline under the GLS Programme for 2H2013 will provide for the development of 14,155 residential units, which is roughly the same as the number of units made available under the 1H2013 GLS Programme with a total of 14,035, according to Collier’s Director of Research...
Continue Reading • 26 Jun 2013
Indians turn savvy on overseas property
More Indians are now keen to invest in overseas property, since the Reserve Bank of India (RBI) has increased the allowable money remittance abroad to US$200,000 (S$253,685) from US$50,000 (S$63,421) previously.According to Knight Frank, they now receive 20 enquiries monthly compared to only four...
Continue Reading • 26 Jun 2013
Logistics Holdings to acquire Minton Court for S$13.4m
Logistics Holdings, through its indirect wholly-owned subsidiary Le Premier Development is set to acquire Minton Court (pictured) for around S$13.4 million, marking its first foray into property development.The purchase price is around S$1,010 per sq ft, based on the site’s land area of...
Continue Reading • 26 Jun 2013
S'pore prime office rents fall 16.3%
Rental prices of prime office space in Singapore fell the most anywhere in the world during the 12 months ending March 2013, according to new data from CBRE.Although Asia dominates the list of most expensive office locations, the price of prime Grade A office space in the city-state...
Continue Reading • 25 Jun 2013
Govt releases 31 sites under GLS Programme
The government has released 31 sites under its 2H2013 Government Land Sales (GLS) Programme, 11 of which are in the confirmed list while the remaining 20 are on the reserve list.The confirmed list sites comprise 10 private residential sites, including five executive condominium (EC) sites, and a...
Continue Reading • 25 Jun 2013
Indonesia says sorry for haze in Malaysia, Singapore
The Indonesian government has apologised for the haze in Malaysia and Singapore, caused by forest and peatland fires in Sumatra.President Susilo Bambang Yudhoyono yesterday said: “As the president, I apologise for what has happened and hope for understanding from our friends in Singapore...
Continue Reading • 25 Jun 2013
Colliers in Asia announces new key appointments
Colliers International has appointed Terence Tang (pictured) as its new Managing Director of Asia Capital Markets and Investment Services. He will be based in Singapore and Hong Kong, where the most investment funds and institutions across the region are located.Piers Brunner, Chief Executive...
Continue Reading • 25 Jun 2013
Court proceedings underway for Thomson View en bloc sale
The High Court yesterday began the week-long hearing that will decide on the S$590-million collective sale of Thomson View (pictured) condominium.The case centres on whether the sale of the 255-unit development to a joint venture between Lucrum Capital and Wee Hur Development was made in good...
Continue Reading • 25 Jun 2013
Hot interest in S'pore, HK for Sydney project
Australian property developer Crown Group has achieved over AU$20million (S$23.62 million) in apartment sales for its Skye by Crown (pictured) project at recent launches in Singapore and Hong Kong.“Residents of Singapore and Hong Kong are among the savviest investors in the world,”...
Continue Reading • 25 Jun 2013
CEA: We cannot force GST payments
Singapore’s Council for Estate Agencies (CEA) has confirmed that it does not have the power to force consumers to pay GST on commission fees charged by real estate agents.In an email sent to all Singapore real estate agencies yesterday, Yeap Soon Teck, Deputy Director (Licensing) for CEA,...
Continue Reading • 25 Jun 2013
London's small houses a hit with Asians
Asian buyers of London property opt for smaller, lower-priced units and prefer waterside locations according to the latest research from Savills.In its The World in London report, published yesterday, the real estate agency noted that 38 percent of buyers in the overall prime London property...
Continue Reading • 25 Jun 2013
Coronation Road site awarded for $366m
The tender for a residential site (pictured) at Coronation Road has been awarded to Athens Residential Development after submitting the highest bid of S$366 million or S$9,775.46 per sq m, according to the Urban Redevelopment Authority (URA).Launched for tender on 28 March, the 37,440.7sq m site...
Continue Reading • 25 Jun 2013
New condo sells half of its units in two hours
Freehold condominium Three 11 (pictured) in Upper Thomson Road sold half of its units in two hours after its launch, according to media reports.Knight Frank, the project’s sole marketing agent, revealed that 33 of the 65 units were sold mostly to Singaporean buyers who accounted for 80...
Continue Reading • 24 Jun 2013
Landed homes prices rising fast: DTZ
Prices of resale landed homes grew faster than their non-landed counterparts during the first half of 2013, according to survey conducted by DTZ.In prime Districts 9, 10 and 11, prices of freehold landed homes rose 3.1 percent while those of freehold apartment increased only by one percent. For...
Continue Reading • 24 Jun 2013