Category Archives: Developer News

CDL seen poised for acquisitions, analysts raise target price

ARMED with a war chest of more than S$3 billion and an improved balance sheet, City Developments (CDL) is poised to make acquisitions in Singapore and overseas, prompting some analysts to raise the target price for the property group. CDL … Continue reading

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Singapore property curbs set to stay in ’17, CapitaLand CEO says

ingapore’s residential property curbs are set to stay in place for at least another year amid signs the city’s housing market is stabilising, the chief executive officer of South-east Asia’s biggest developer said. “We see volume picking up and the … Continue reading

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Redas calls for review of property tax, transparency in valuation

THE Real Estate Developers’ Association of Singapore (Redas) is urging the government to review property tax for vacant private land, and exempt property tax for land under or slated for development or buildings undergoing renovations. Among other key suggestions, it … Continue reading

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Hatten Land in non-binding pacts with founders to buy plots in Malaysia

HATTEN Land Limited said on Friday that it has entered into a non-binding memorandum of understanding (MOU) with the founding Tan brothers to acquire four land parcels and a company that owns development rights in Malaysia. Those targeted four plots … Continue reading

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Developers’ association calls for review on property taxes in Budget

THE Real Estate Developers’ Association of Singapore (Redas) is urging the government to review property tax, improve transparency in the property valuation process, and reduce business costs and regulatory fees. It is also asking for special training grants to enhance … Continue reading

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Ho Bee Land sells London office block for £94.5 million

PROPERTY group Ho Bee Land has entered into a deal to sell Rose Court, an office block in Southwark, London to an unrelated Guernsey property unit trust for £94.5 million (S$167.5 million). The buyer has paid a deposit of 10 … Continue reading

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Augustine Tan re-elected as Redas president

AUGUSTINE Tan was on Thursday named president of the Real Estate Developers’ Association of Singapore (Redas) management committee for the term 2017/2018. Mr Tan, 58, executive director, property sales & corporate affairs of Far East Organization, was re-elected to the … Continue reading

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New guidelines issued to developers for public spaces on private property

Public spaces on private property will soon have to meet new design guidelines such as providing ample shade and public seating, according to a circular to building owners and developers by the Urban Redevelopment Authority (URA) on Tuesday (Jan 24). … Continue reading

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Roxy-Pacific buys five shophouses for S$17m

PROPERTY developer Roxy-Pacific Holdings has agreed to acquire five adjoining two-storey shophouses on Upper Bukit Timah Road for S$17 million in total, it said in a Singapore Exchange filing on Tuesday. It said the shophouses made up a freehold residential … Continue reading

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CapitaLand offloads The Nassim

CAPITALAND on Monday said it has sold its 100 per cent stake in Nassim Hill Realty (NHR) to an unrelated private company, Kheng Leong, for S$411.6 million. Included in the sale are also 45 unsold units in The Nassim, a … Continue reading

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