Home & Décor June Issue out now
If you wish to update your garden’s wall with the most modern fad and the materials you will need for the make over, get a copy of Home and Décor’s June issue, available at bookstores only $5. This issue provides a free Designer Showcase booklet, a bumper issue consisting of...
Continue Reading • 12 Oct 2009
Ferrell: RiverGate’s 80 units available
The RiverGate estate condominium in Robertson Quay has now 80 apartments, a project by one of Indonesia’s Lippo Group’s investors, Ferrell Asset Management. An exclusive sneak peek was initiated a few days back. The joint developers of this 545-unit villa, CapitaLand and Hwa Hong...
Continue Reading • 12 Oct 2009
CTC’s right issue pulls down others
The portfolio’s value of office real estate trust (REIT) fall 10.15 percent made CapitaCommercial Trust (CCT) decided to raise $828.3 million due to an issue in rights, which will lessen the gearing. According to CCT, Singapore properties lost an estimated amount of $640,000 yesterday since...
Continue Reading • 12 Oct 2009
BCA awards environmentally aware developers
The Building and Construction Authority or BCA will be sponsoring a commencement: Green and Gracious Builder’s Award. This award seeks to bring out the environmental awareness of developers when they are constructing their projects.To earn such prestigious award, they should have achieved...
Continue Reading • 12 Oct 2009
Battle for Gilman Heights finally over
Ankerite Pte Ltd, CapitaLand’s auxiliary, has finally purchased Gilman Heights Condominium at $548 million. It will be redesigned by Anekrite to consist of 1,000 apartments. Speculations have been formed when the developer did not reach the preceding deadline of May 15. Even so, lawyers of...
Continue Reading • 12 Oct 2009
Property investment industry goes back to basics
A panel discussion of speakers yesterday noted that the global economic crisis has caused the property investment landscape to change significantly.In an annual real estate conference and exhibition for investors, Blake Olafson, Asia real estate group’s head and director said property...
Continue Reading • 12 Oct 2009
Macquarie Bank sold Anson House
A 13-storey office block, owned by Australia’s Macquarie Bank has been sold for $85 million. Though the second transaction for the 11-year-old Anson House took several days, it was still a successful transaction.Anson House boasts several tenants like ArcelorMittal, GE Group and Swire...
Continue Reading • 12 Oct 2009
Property investors got new opportunities
The world’s real estate sector has borne the burden of today’s sub-prime fallout through troubled times.However, organisers of the current Cityscape Asia exhibition and conference say that this year will be the start for investors to pick up undervalued assets from economies of...
Continue Reading • 12 Oct 2009
Mall Owners need to help reduce rent
Rentals have increased to about 10% in 2007, 12% in 2008 and 15% this year.The current financial reports of FJ Benjamin somewhat reflects the current situation of the retail industry, thus mall owners should find this the right time to cut rents to ensure survival.Even after its struggle with...
Continue Reading • 12 Oct 2009
Large unit launches up ahead
More and more developers are getting involved, commencing more units, in the buying wave. A 999 year-old leasehold townhouse, The Wharf Residence of Mohamed Sultan Road has opened 100 two and three-bedroom units to the public. Several of these 100 units were carried over from a recent...
Continue Reading • 12 Oct 2009
Shares increase as traders wager on
In response to the report of Alcoa on its encouraging earnings in the third quarter after the closing of the US market on Wednesday, traders decided to bet on Thursday on Wall Street rising by pushing the prices of stock upward.The basis of this analysis was on the strong performance of the US...
Continue Reading • 9 Oct 2009
Land sales revenue falls 41 percent
In the previous financial year ended March 2009, government land sales revenue dropped by 41 percent to S$7.3 billion.However, according to several analysts, land prices have in fact grown 30 percent within the last six months despite the drop for the full year. It also created concerns which...
Continue Reading • 9 Oct 2009
Higher sales proceeds as property market's activity resumes
In the year ended March 2009, the Singapore government collected around $7.3 billion profit from state land sales, $5.1 billion less than the $12.4 billion recorded in 2008.The figures had been released yesterday in the latest annual report of the Singapore Land Authority.For the recent financial...
Continue Reading • 9 Oct 2009
Frasers likely to renounce Arsenal deal
Frasers Centerpoint, a unit of Fraser & Neave, has laid down 10 percent non-refundable deposits for the S$106 million (£47 million) deal to purchase 120 flats at the old stadium site of Arsenal, an English football club. According to reports in February, Frasers is likely to forfeit its...
Continue Reading • 9 Oct 2009
DTZ expects minimal drop for retail rents
DTZ, the property consultancy, anticipates a slight dip in retail rents for the remaining months in 2009 as well as in 2010. “Although investment activity has risen, retail spending remains weak and depends on the extent of economic recovery,” said Chua Chor Hoon, the head of...
Continue Reading • 8 Oct 2009
15 bids for Serangoon residential site
As 15 developers submitted their bids for the 99-year-leasehold site located in Avenue 3 in Serangoon, the intense competition for residential lands have not shown any sign of abating.To date, the number of bids was the highest for government residential land. Each of the last 3 tenders had drawn...
Continue Reading • 8 Oct 2009
6 out of 10 units sold out
Yesterday, the SC Global Developments announced that it will release in its Seven Palms Sentosa Cove condo around 10 out of its 41 total flats at $3,300 per sq ft average price. Prices for absolute quantum begin at around $8.5 million per flat.Recently, the high-class developer has sold six out...
Continue Reading • 8 Oct 2009
Land sales by government affect developers
Recently, the Singapore government has released lands for sale in the property market, even though there is still plenty of supply in that market. The move has affected the property investors in the country.A 223, 303 sq. ft. plot of 99 years lease hold was released by the government. The said...
Continue Reading • 7 Oct 2009
Recovery in home prices continue in Q3
After reaching the lowest point in Q1 of 2009 due to the upshot of the global financial crisis, the DTZ’s latest figures show that completed non-landed and landed private home prices in different segments have continued to recover in Q3.The average price of completed freehold prime district...
Continue Reading • 7 Oct 2009
Seven Palms at Sentosa Cove sets price records
SC Global Developments, an upscale developer, has reportedly sold six flats at its Seven Palms at Sentosa Cove condominium for $3,100 per square foot to $3,400 per square foot - record-setting prices for the upmarket waterfront residential district. The three and four-room flats were...
Continue Reading • 7 Oct 2009