HDB awards tender for Sengkang residential site
By Romesh Navaratnarajah:The Housing and Development Board (HDB) has awarded the tender for a site at Sengkang West Way (pictured) to Secure Development, which submitted the top bid of S$262.1 million.Launched for sale on 28 February, the 99-year leasehold site attracted eight bidders and is...
Continue Reading • 15 Apr 2013
Henderson launches global property fund
By Shabnam Muzammil:Henderson Global Investors has launched the Henderson Global Property Income Fund to help investors tap on opportunities in the global property market. In addition to real estate investment trusts (REITs), the fund comprises a portfolio of listed property securities from...
Continue Reading • 12 Apr 2013
PropertyGuru hosting first-ever India Show this weekend
By Shabnam Muzammil:PropertyGuru, Asia’s leading property portal, will hold its inaugural India Property Show (IPS) in Singapore this weekend (13 - 14 April) from 11am to 7pm at Marina Bay Sands Convention Centre, Level 4 (Melati Ballroom). The event will feature signature properties from...
Continue Reading • 12 Apr 2013
Trump makes landfall in India
By Romesh Navaratnarajah: In an effort to expand its footprint in India, US-based property firm Trump Organisation is in talks with real estate developers in Mumbai and the National Capital Region (NCR) for two Trump-branded housing projects.“This is the first of its kind tie-up Trump has...
Continue Reading • 12 Apr 2013
New Boracay resort attracts keen interest
By Shabnam Muzammil:The first branded resort residence in Boracay Island is seeing strong interest from Asian buyers. Aqua Boracay, designed by yoo Studio, held an exclusive sales event in Singapore this week to tap on growing demand for Philippines properties. Speaking exclusively...
Continue Reading • 12 Apr 2013
London's Trafalgar Place launching here
By Romesh Navaratnarajah: Australia-based developer Lend Lease has unveiled Trafalgar Place (pictured), a new urban residential development located in Elephant & Castle within prime central London. As part of its global launch, an exhibition in Singapore will be held this weekend (13 to 14...
Continue Reading • 12 Apr 2013
Sengkang residential site draws S$262.1m top bid
By Nikki De Guzman:A 99-year leasehold site (pictured) at Sengkang West Way has attracted a total of eight bids, with Secure Development submitting the highest offer of S$262.1 million or S$5,262 psm. Launched for sale on 28 February, the 16,603.90 sq m land parcel has a maximum gross floor area...
Continue Reading • 12 Apr 2013
Vantone Taipei 2011 global launch in Singapore
By Shabnam Muzammil:Vantone Taipei 2011 (pictured) will be unveiled in Singapore on 13 and 14 April, leveraging on its successful launch in Hong Kong with sales exceeding the 75 percent mark. Located in Taiwan, the development comprises luxurious vacation homes and has seen significant...
Continue Reading • 11 Apr 2013
Home prices up despite new cooling measures
By Romesh Navaratnarajah: Despite the recent cooling measures, private home prices moved up quarter-on-quarter in Q1 2013, according to a DTZ report.The consultancy revealed that price growth for the first quarter was stronger compared to the same period in 2012 following the first round of...
Continue Reading • 11 Apr 2013
Singapore to host The Apartment auditions
By Romesh Navaratnarajah: The Apartment, a hit reality television show returns with live auditions to be held for the first time in Singapore at Ngee Ann City Civic Plaza on 20 April. Organised by the programme’s partner Dulux, the Apartment Stage Show will provide an opportunity for...
Continue Reading • 11 Apr 2013
Woodlands EC receives 155 applications
By Nikki De Guzman:Frasers Centrepoint's Twin Fountains executive condominium (pictured) in Woodlands saw strong buyer interest at its launch yesterday, drawing 155 e-applications as of 5pm, reported The Straits Times.Notably, 31 percent of the applicants were first-time home buyers. Steven Tan,...
Continue Reading • 11 Apr 2013
$12m Indian Heritage Centre to open in 2015
By Nikki De Guzman:Construction has started on the Indian Heritage Centre (pictured), a four-storey building showcasing the trades and culture of Singapore's early Indian settlers, reported The Straits Times. At an estimated cost of S$12 million, the centre will have a gross floor area of...
Continue Reading • 11 Apr 2013
Property investment in S'pore off to slow start
By Nikki De Guzman:Singapore's property investment market had a weak start to the year with the sales volume recording its second straight quarterly decline, noted a report from Colliers International.Overall, property investment sales slumped 27.5 percent to S$7.11 billion in Q1 2013, following...
Continue Reading • 11 Apr 2013
Mixed-use developments gaining popularity
By Nikki De Guzman:Several mixed-use projects are coming onto the market in response to greater demand among younger consumers wanting to have their homes near to shops, according to real estate agents and reported The Straits Times. Among the upcoming projects is The Midtown and Midtown...
Continue Reading • 10 Apr 2013
Wing Tai chief selling home for $300m
By Romesh Navaratnarajah: A massive property (pictured) in the posh Nassim Road enclave is set to become Singapore's largest bungalow sale if transacted for the record price of S$300 million. "The sale would set a new price benchmark and result in the largest deal for a single Good...
Continue Reading • 10 Apr 2013
Frasers Centrepoint launches first EC for 2013
By Nikki De Guzman:Banking on the success of Esparina Residences in Sengkang and Twin Waterfalls in Punggol, Frasers Centrepoint launched today Twin Fountains (pictured), an executive condominium (EC) project at the junction of Woodlands Avenue 6 and Woodlands Drive 16.The first EC unveiled in...
Continue Reading • 10 Apr 2013
CapitaLand jointly tops out Vietnam devt
By Nikki De Guzman:CapitaLand and Vietnamese property developer Khang Dien have jointly topped out PARCSpring, an urban living community along the river promenade in Binh Trung Dong Ward, District 2, Ho Chi Minh City.The event was attended by hundreds of guests including business partners,...
Continue Reading • 10 Apr 2013
New law slams deceptive showflats
By Shabnam Muzammil:In a bid to ensure transparency, Parliament recently amended the Housing Developers Act enforcing strict regulations on marketing and information disclosure.With the new laws, developers can no longer portray showflats that look larger than the end product through the use of...
Continue Reading • 9 Apr 2013
Large investors eye UK residential rental market
By Nikki De Guzman:The UK residential rental market is poised to receive huge investment capital, with investors bringing in around £7 billion (S$13 billion), according to media reports.The property investment arm of London-based insurer Prudential invested £105.4 million (S$199.5...
Continue Reading • 9 Apr 2013
Philippines builds eco-friendly neighbourhood
By Nikki De Guzman:Nuvali, a new eco-friendly neighbourhood in the Philippines, hopes to become a model for innovative homebuilding development in Asia.Built on a former sugar plantation, the development integrated cutting-edge amenities such as bike-share system and electric buses that transport...
Continue Reading • 9 Apr 2013