DBSS prices comparable to ECs
Design, Build and Sell Scheme (DBSS) flats are now being sold at prices comparable to those of Executive Condominiums (ECs), attributed to the strong interest DBSS units have been getting.The demand is also boosted by the flats’ proximity to mature estates and MRT stations.Property firm...
Continue Reading • 9 Nov 2011
Positive outlook for UK buy-to-let market
The latest CHL Mortgage Landlord Survey has confirmed a positive outlook in the UK buy-to-let market.According to the survey, three out of four respondents are confident about the future of the rental market.The figure is slightly higher than it was in summer and closer to the two-out-of-four...
Continue Reading • 9 Nov 2011
Residential site in East Coast up for sale
A freehold residential land parcel at East Coast in District 15 has been launched for public tender, according to Channel NewsAsia.HSR Investment Sales, its exclusive marketing agent, said the owners of the four landed homes on the site unanimously agreed to the joint investment sale.Located near...
Continue Reading • 9 Nov 2011
Bedok Reservoir deaths won't affect property values
Despite six deaths in Bedok Reservoir since June, residents living in the area can be assured that these events are unlikely to affect the values of their homes.Property firms and agents believe that deaths in residential areas will not have long-term repercussions.According to Charles Chua, Head...
Continue Reading • 9 Nov 2011
China's home prices could fall 30%: Barclays
Home prices in China are expected to decline by as much as 30 percent in 2012, primarily attributed to government measures, according to Barclays Capital Research.The Barclay’s report noted that the correction in the property market will affect the country’s economic growth but will...
Continue Reading • 9 Nov 2011
Indians dominate the private resale market
Among permanent residents (PRs) and foreigners, Indian nationals are the most prominent buyers in Singapore’s private residential resale market. Market watchers noted that they usually acquire completed homes for immediate occupation.However, in the new homes sales market, the mainland...
Continue Reading • 8 Nov 2011
KSH Q2 profit up despite construction slowdown
Property firm KSH Holdings Limited has posted a 26.1 percent increase in net profit after tax to S$5.3 million in the second quarter, on the back of S$54.4 million in revenue.“The construction and property environment remains challenging but I am pleased to report that the Group has...
Continue Reading • 8 Nov 2011
Late mortgage payments in US climb up
More homeowners in the US are having difficulty paying their mortgage, with payments delayed by 60 days or more climbing to the highest level in the third quarter since Q4 2009, according to TransUnion.US homeowners who missed at least two payments rose to 6.44 percent, up from 5.82 percent in Q2...
Continue Reading • 8 Nov 2011
Is S'pore's subsale market losing its appeal?
A relatively smaller percentage of private home buyers, particularly foreigners who are not permanent residents (PRs), have been active in the subsale market this year than in recent years, according to DTZ.This trend is primarily attributed to the increase in supply of newly-launched units over...
Continue Reading • 8 Nov 2011
Rents of city fringe homes rising steadily
Rents for non-landed homes in the Rest of Central Region (RCR) are rising steadily, narrowing the rental gap between the prime districts and the RCR, according to CB Richard Ellis (CBRE).Rents in the RCR climbed to S$3.36 psf by the third quarter of this year, up from S$3.15 psf in...
Continue Reading • 8 Nov 2011
Punggol condo site attracts 5 bids
The tender for a 99-year leasehold residential site at Punggol Central / Edgedale Plains was officially closed yesterday, with a total of five bids received.Qingjian Realty (South Pacific) Group Pte Ltd submitted the highest bid of S$215.87 million.“The top bid of S$215.87 million or S$330...
Continue Reading • 4 Nov 2011
Green Lodge up for sale again at S$195m
Green Lodge, a residential development site at Toh Tuck Road, has been launched for sale with an indicative price of around S$195 million.This works out to around S$866 psf ppr, with no development charge payable for proposed development of up to 1.49, said real estate adviser DTZ, the...
Continue Reading • 4 Nov 2011
Roxy-Pacific's net profit jumps 50%
Roxy-Pacific Holdings Ltd, a homegrown specialty property and hospitality group, has announced strong financial results for the third quarter ended 30 September, with its net profit jumping 50 percent year-on-year from S$8.9 million to S$13.4 million.However, its revenue for the quarter declined...
Continue Reading • 4 Nov 2011
Works to start soon on Tuas MRT station
The Land Transport Authority (LTA) has awarded a S$190 million contract to Shanghai Tunnel Engineering for the construction of the Tuas MRT station, according to The Straits Times.With construction expected to begin by end-2011, the civil engineering company from China, which has also been...
Continue Reading • 4 Nov 2011
US mortgage modifications up in September
The US government’s home foreclosure prevention programme saw a significant increase in permanent loan modifications in September, attributed to improved technology for case status reporting. According to a Reuters report, the Home Affordable Modification programme aided 40,141 homeowners...
Continue Reading • 4 Nov 2011
PLife Reit's Q3 revenue hits S$22m
Parkway Life Real Estate Investment Trust (PLife Reit) has posted a 4.1 percent increase in its Q3 gross revenue to S$22 million, while its net property income rose 3.6 percent to S$20 million.This was mainly attributed to higher rents from the company’s Singapore properties and...
Continue Reading • 4 Nov 2011
Guangzhou cancels sales of land plots
Guangzhou city in China has called off the auction of some land plots for the second time in two weeks.The Guangzhou Municipal Land Resources and Housing Administrative Bureau stated that the local authorities cancelled the auction for 12 of the 18 land plots without offering any explanation for...
Continue Reading • 4 Nov 2011
Frasers to launch Perth's first mixed-use project
Frasers Property Australia (FPA), an international property arm of Frasers Centrepoint, will be launching the first mixed-use urban development in Perth, Australia.Known as Queens Riverside, the project spans 15,300 sq m and comprises 408 luxury apartments in three buildings and 236 serviced...
Continue Reading • 3 Nov 2011
The Residences at W Retreat Koh Samui set for HK launch
Hong Kongers and other Asian jetsetters are the target market for The Residences at W Retreat in Koh Samui, Thailand.Hailed as one of the 20 Top Resort Properties in Asia, The Residences at W Retreat Koh Samui will be launched in Hong Kong from 4 to 7 November 2011.“We are thrilled to have...
Continue Reading • 3 Nov 2011
Jones Lang reports strong Q3 earnings
Global real estate services firm Jones Lang LaSalle (JLL) posted strong earnings in the third quarter, with revenue climbing 28 percent to US$903 million (S$1.167 billion).This was mainly attributed to higher market share and incentive fees, as well as the acquisition of King Sturge. “We...
Continue Reading • 3 Nov 2011