The Green in Brisbane launches in Singapore
Lend Lease, a leading property developer in Australia, has launched Brisbane’s The Green in Singapore.The first residential project in Brisbane’s transformation of the iconic Royal National Agricultural and Industrial Association of Queensland Showground, The Green comprises 340...
Continue Reading • 14 Nov 2011
CDL's Q3 net profit declines, but plans new condo launch
Singapore property developer City Developments (CDL), along with its venture partners, Hong Realty and Hong Leong Holdings, plans to unveil the first phase of The Palette.Located at Pasir Ris Grove/Pasir Ris Drive 1, the 99-year leasehold condo development is within walking distance to Pasir Ris...
Continue Reading • 11 Nov 2011
Shiki Niseko preview coming to Singapore
Jones Lang LaSalle (JLL) is presenting a special preview cum investment seminar of Shiki Niseko, a luxury ski resort serviced residence in Japan, on 13 November 2011 at the Hilton Singapore.Developed by Malaysian firm AP Land Berhad, the project offers 68 apartments and five commercial lots. The...
Continue Reading • 11 Nov 2011
Shortlist of South East Asia Property Awards winners revealed
The judging process for Ensign Media’s first-ever South East Asia Property Awards (SEAPAs) 2011 has been completed, with the shortlist of winners in 28 categories, including Best Developer, Best Development and Green Development Awards.Leong Chi Meng, Managing Director at CBRE South East...
Continue Reading • 11 Nov 2011
30-year mortgages in the US fall below 4% again
Average rates on 30-year fixed-rate mortgages in the US dropped below four percent for the second time in history.Following the decrease to an average of 3.94 percent on 30-year fixed mortgages in the week ending 6 October 2011, rates had risen over the past month.According to Freddie Mac’s...
Continue Reading • 11 Nov 2011
S'pore billionaire, Johor royal family to jointly build S$2b complex
Singaporean billionaire investor Peter Lim has signed a joint venture (JV) agreement with a Malaysian royal family to build a S$2 billion mega complex on a prime waterfront land plot in Johor Baru, Malaysia.The JV will pave the way for the development of the 10 ha site that will comprise a...
Continue Reading • 11 Nov 2011
PropertyGuru launches Singapore's only dedicated property newspaper
PropertyGuru.com, Asia’s leading property portal, has launched the first and only dedicated property newspaper in Singapore - The PropertyGuru.The PropertyGuru will provide fresh property news, reviews, insights, research and exclusive interviews focused on the Singapore and international...
Continue Reading • 11 Nov 2011
Profit grows threefold for Koh Brothers
Construction and property development firm Koh Brothers Group Ltd has announced that its net profit in the third quarter more than tripled to S$13.1 million, from S$4.2 million over the same period last year.Revenue in the third quarter also climbed 35 percent to S$117.7 million, generated mainly...
Continue Reading • 11 Nov 2011
Freehold homes still the preferred choice
Prices of freehold homes have proven more resilient in the past few months compared to those of 99-year leasehold properties, according to a new report.Credo Real Estate found that price gains for freehold terraced homes and condominiums have exceeded those for similar homes with 99-year leases...
Continue Reading • 11 Nov 2011
Govt identifies new SERS site in East Coast
The government has identified three blocks at East Coast Road — Blocks 1, 2 and 3 — to be redeveloped under the Selective En bloc Redevelopment Scheme (SERS).Comprising 82 sold flats that are about 48 years old; the site is the 75th site to benefit from SERS. The...
Continue Reading • 10 Nov 2011
URA: Revealing reserve price not meaningful
The reserve price of a site serves only as a guide and is not necessarily a determinant on whether the government will award the site, said the Urban Redevelopment Authority (URA).In fact, the planning authority has awarded sites for which the highest bid fell below the reserve price, it...
Continue Reading • 10 Nov 2011
SC Global net profit jumps 75% in Q3
Residential property developer SC Global Developments has posted a 75 percent increase in its net profit to S$31.8 million in Q3 2011.This translates to earnings per share of 7.73 cents, from 4.56 cents over the same period last year.The group’s Q3 2011 revenue rose to S$197.4 million, up...
Continue Reading • 10 Nov 2011
Young buyers in Singapore shifting attention to Johor
Younger property buyers in Singapore are looking for alternative locations to purchase homes, with Johor emerging as a popular destination. A report by The Sun Daily said the long waiting time for Singaporeans to get public housing units and the high prices of properties in the secondary market...
Continue Reading • 10 Nov 2011
Vista Park up for collective sale again
Vista Park at South Buona Vista Road is up for collective sale again. This time, the asking price that amounts to S$323 million (the reserve price the majority owners have set) is notably lower than the S$338 million asking price when it was first put on the market as a leasehold site in...
Continue Reading • 10 Nov 2011
B-Lay Tong Phuket officially opens
MGallery, which includes a collection of upscale hotels by Accor, has unveiled the B-Lay Tong Phuket.Located at Patong Beach in Thailand, B-Lay Tong Phuket comprises 123 rooms and suites with a wide category of room types.The Deluxe rooms feature either direct lap pool access or a spacious...
Continue Reading • 10 Nov 2011
Ho Bee posts 16% net profit decline to S$32.6m
Ho Bee Investment, a property developer and investment firm in Singapore, has recorded a 16 percent drop in net profit to S$32.6 million for the third quarter of this year, as its revenue fell 43.4 percent to S$55.95 million.This resulted in a 34 percent year-on-year decline in net profit to...
Continue Reading • 10 Nov 2011
China property sales slowed last month
Property sales in China dropped for the first time in six months in October, indicating that property cooling measures have begun to take effect despite the robust real estate investment levels.According to calculations by Reuters, property sales dropped 9.1 percent in relation to floor space and...
Continue Reading • 10 Nov 2011
Aussie home loan approvals grow beyond expectations
With an increasing number of first-time buyers entering the market, mortgage approvals in Australia surpassed the forecast of economists in September, its sixth consecutive monthly gain. According to the statistics bureau, the number of loans granted to build or acquire apartments and houses...
Continue Reading • 10 Nov 2011
OUE posts S$19.9m in net profit
Property developer Overseas Union Enterprise (OUE) posted an 84.4 percent decline in net profit to S$19.9 million for the third quarter ended 30 September 2011.The group’s revenue grew 68.7 percent to S$86.4 million in Q3 2011, mainly attributed to higher income generated from its property...
Continue Reading • 9 Nov 2011
Qingjian Realty wins tender for Punggol condo site
The Housing & Development Board (HDB) has awarded the tender for a residential site at the junction of Punggol Central and Edgedale Plains to Qingjian Realty (South Pacific) Group Pte Ltd.The group offered the highest bid of S$215.87 million in a public tender that closed on 3 November...
Continue Reading • 9 Nov 2011