S'pore's most expensive private hospital to open next year
The S$2 billion Parkway Novena Hospital, the most expensive private hospital to be built in Singapore in the last 30 years, is scheduled to open in the second half of 2012.According to The Straits Times, the hospital will feature 333 single-bed wards and the latest medical equipment.The hospital...
Continue Reading • 19 Oct 2011
Lake Vista DBSS units being snapped up quickly
Lake Vista@Yuan Ching, the first Design, Build and Sell Scheme (DBSS) project in western Singapore, was launched yesterday, receiving a total of 100 applications as of 6pm.Developed through a joint venture (JV) between Sunway Development, S C Wong Holdings and Hoi Hup Realty, the 682-unit project...
Continue Reading • 19 Oct 2011
Bedok Reservoir deaths likely to affect take-up in short term
Bedok Reservoir is currently being marketed by property developers as a waterfront destination in Singapore.The area includes a number of residential projects such as Waterfront Waves, Waterfront Isle, Waterfront Gold and Waterfront Key.However, the recent series of horrific deaths there has...
Continue Reading • 19 Oct 2011
BCA, UNEP work to promote sustainable building practices
The Building and Construction Authority of Singapore (BCA) and the United Nations Environment Programme (UNEP) will work together to establish and promote sustainable building practices in Southeast Asia.“We are very pleased to formally establish BCA’s Centre for Sustainable Buildings...
Continue Reading • 19 Oct 2011
Ascott wins contract to manage serviced residence in Oman
The Ascott Ltd, CapitaLand’s wholly-owned serviced residence unit, has signed a contract with Allied Real Estate LLC, an established property company in Oman, to manage a 220-unit serviced residence in Muscat, the capital of Oman.Called Somerset Panorama Muscat, the serviced residence is...
Continue Reading • 19 Oct 2011
Ocean 13 picks Fractional Exchange
Ocean13: The Residences, a four-year-old resort with one-, two- and three-bedroom villas on the Thai island of Koh Samui, has selected FractionalExchange.com for its vacation exchange requirements. Project Director, Manish Antal, said resort owners considered a variety of exchange options before...
Continue Reading • 19 Oct 2011
Banyan Tree looks to Vietnam
Luxury resort operator Banyan Tree is unveiling its first investment holiday homes in Vietnam.The showcase, which takes place on October 22-23 at the Mandarin Oriental Hong Kong, unveils luxury apartments now being developed as part of Laguna Lãng Cô - Banyan Tree's first 'integrated...
Continue Reading • 19 Oct 2011
Two-hour sell-out success for Sansiri in Phuket
Thai property developer Sansiri sold 556 units within just two hours at last weekend’s pre-sales event for its new dCondo development at Kathu, Phuket.Executive Vice President Suriya Wannabuit told The Phuket News that buyers had started queuing at 7am, and by 10am, all the units had been...
Continue Reading • 19 Oct 2011
Govt wants public's opinion on real estate agency industry
The government will conduct a nationwide survey to gauge the public’s perception of the real estate agency industry, according to Lee Yi Shyan, Minister of State for National Development.To cover four areas, the survey will include questions relevant to customer expectations and...
Continue Reading • 18 Oct 2011
Collective sales market healthy despite downturn
Singapore’s en bloc market is heating up, with over S$1.5 billion worth of private properties launched for sale as of yesterday.After the Dragon Mansion en bloc sale exercise on Monday (S$142m target for Dragon Mansion collective sale), three more sites followed in its path, with the Faber...
Continue Reading • 18 Oct 2011
Koon in JV to develop Pasir Ris EC
Koon Holdings Ltd, one of Singapore’s leading construction specialists, has announced that its wholly-owned subsidiary, GPS Alliance Development & Investment Ltd, has entered into a joint venture (JV) to develop an Executive Condominium (EC) project at Pasir Ris Drive 3 / Pasir Ris...
Continue Reading • 18 Oct 2011
The Westin Xi'an launching 1st December
Westin Hotels & Resorts will open The Westin Xi’an on 1 December 2011, marking its first foray into the Shaanxi province of China.“We are delighted to introduce the Westin brand to Xi’an! The location of this hotel in one of the most important cities in Chinese history...
Continue Reading • 18 Oct 2011
Tiong Seng set to build Waterway Terraces II
Mainboard-listed construction group Tiong Seng Holdings Ltd has clinched a S$147 million contract from the Housing and Development Board (HDB) for the construction of the 804-unit Waterway Terraces II in Punggol West.“We are extremely happy to have the opportunity to work with HDB...
Continue Reading • 18 Oct 2011
S'pore private home sales soar 21%
The number of new private homes sold in Singapore last month rose to 1,631 units, up 21 percent from 1,351 units sold in August, according to data released by the Urban Redevelopment Authority (URA).Including executive condos (ECs), the number of private homes sold in September hit 2,064...
Continue Reading • 18 Oct 2011
MPs call for review of housing policies
Singapore’s housing policies were a hot topic during the parliamentary debate on the President's speech yesterday, with several Members of Parliament (MPs) urging a review of the pricing formula for HDB flats.“CPF grants are helpful but it seems like we are just taking money from one...
Continue Reading • 18 Oct 2011
JLL acquires DST, plans to increase SE Asia presence
Jones Lang LaSalle (JLL) has acquired DST International Property Services as part of a greater plan to increase its residential footprint in Southeast Asia.Established in 1998, DST is a Singapore-based property services company that globally markets refurbished and new residential property, with...
Continue Reading • 18 Oct 2011
Aussies warned to be careful with home loans
Australians planning to acquire new property have been advised to look for home loans that best suit their individual financial situation.Mortgage Choice noted that there are various types of loans to consider, and how appropriate they are for each individual depends on several factors, such as...
Continue Reading • 18 Oct 2011
URA, HDB to launch 4 residential sites this month
UpdateThis morning, PropertyGuru broke the news that the URA and HDB would be releasing four residential sites this month (4 residential sites go on sale). Altogether, the sites can yield approximately 1,900 units, adding to the 13,825 units released under the Government Land Sales (GLS)...
Continue Reading • 17 Oct 2011
4 residential sites go on sale
BREAKING NEWS: The URA and HDB will release four residential sites for sale this month. These sites can potentially yield around 1,900 dwelling units, on top of the 13,825 units launched under the GLS programme in 2011. On Monday, the first site at Alexandra Road went on sale by public...
Continue Reading • 17 Oct 2011
Bangkok residential yields remain firm
Despite renewed concerns surrounding the state of the global economy and the Euro Zone debt crisis, residential yields in the Thai capital Bangkok have remained firm. Data published today from CB Richard Ellis' (CBRE) research team along with data from the company’s residential leasing...
Continue Reading • 17 Oct 2011