Singapore-listed Macquarie Prime Real Estate Investment Trust (REIT) has been renamed the Starhill Global REIT. This came after Starhill Global REIT Investments bought a 26 per cent stake in the REIT, as well as a 50 per cent stake in Macquarie Prime REIT's manager, Macquarie Pacific Star Prime REIT Management. Starhill Global is an indirect wholly-owned subsidiary of Malaysia-based conglomerate YTL...
2008
While the focus has been shifted to 2-room flats, the 4-room is still most popular AS the Housing Board launched its last Build-To-Order (BTO) exercise for the year, offering 1,181 units in Punggol and Choa Chu Kang, applications for its Dew Spring @ Yishun, which draw to a close today, reflect an interesting trend. While just 864 flats are up for grabs at Dew Spring, 2,091 applications had been received...
Singapore's commercial and residential property sectors will remain attractive to investors in the medium to long term. Property watchers told Channel NewsAsia that is because of Singapore's status as an international financial hub. 2009 looks set to be a difficult year by all accounts, but market watchers said property investment fundamentals here remain strong. As global financial institutions cut...
The Housing and Development Board (HDB) launched two new housing projects in Choa Chu Kang and Punggol on Tuesday in its last sales exercise of the year. It will offer a total of 1,181 flats, from studio apartments to 5-room units, under the Build-To-Order (BTO) system - where flats will be built only after most of the units in a specific site have been booked. This brings the total number of flats...
Non-landed prime districtproperties to bear the brunt: DTZ THE fallout from the financial crisis is hitting the private home market hard, with one estimate putting the drop in private home prices at 21.6 per cent this year, a plunge not seen since the 1997 Asian financial crisis. DTZ's dramatic estimate is based on caveats lodged on Urban Redevelopment Authority's (URA) REALIS portal. However, other...
IN APRIL, they learnt how nearby Jurong would be transformed into a "lake district" and Singapore's largest commercial hub outside the city centre. Yesterday, residents of three estates located a stone's throw away - including one that made history by being the first to reject upgrading - found out they would be part of the rejuvenation, too. The 30-year-old public housing neighbourhoods of Teban and...
Private home sales in Singapore have taken a sharp fall in the fourth quarter of this year. According to a report released Monday by property consultant DTZ, only 112 private homes were sold in the primary market in October, and 192 units sold in November. This, compared to the monthly average of 444 units sold in the first nine months of the year. The October sales volume is the lowest since the...
The Singapore government is proceeding to put in the infrastructure to facilitate the growth of Jurong Lake District. This follows the unveiling of the area's development blueprint in April this year. Giving an update on Monday, both the Urban Redevelopment Authority (URA) and JTC said the measures include constructing a new spinal road, expanding the Jurong East MRT station and redeveloping the bus...
Singapore's Trade and Industry Ministry says it will release the advance economic growth estimates for the country's fourth quarter and the whole of 2008 on January 2. The announcements will be made at 8 am that day. The Singapore government has brought forward its annual budget sitting, which usually takes place in February, to January 22 next year. This is to address measures needed to tackle the...
A PILOT project could see more privately-built and run markets and food centres in the heartlands, with Sengkang residents being the first to benefit. The latter can look forward to a new market and food centre come 2010. The Housing and Development Board (HDB) has launched a tender for a market and food centre development at Sengkang Square/Sengkang East Road. :This will be a standalone,...