AFTER property fever hit euphoric levels last year, flash estimates from the Housing and Development Board and the Urban Redevelopment Authority (URA) show the growth in real estate is slowing down significantly. The index for the private home market showed prices rose 4.2 per cent in the first three month, down from the last quarter’s 6.8 per cent growth. And looking ahead, some property watchers are...
April 2008
Private residential property prices in Singapore rose 4.2 percent in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority. The pace was slower than the 6.8 percent clip recorded in the fourth quarter of last year. On a quarter on quarter basis, the biggest rise in property prices for non-landed properties came from the central districts just...
From 1 April, Home Office Scheme approvals granted by the Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) for new applications and renewals will be valid for five years - up from the current three years. This is to provide greater convenience to home office users and to help them formulate longer term business plans. The scheme was introduced in 2003 to allow private property...
The freehold Pinetree Condominium site in prime district 10 has been re-launched for sale by tender. The property in the Balmoral area currently comprises a five-storey block with 50 apartment units. Consultants Jones Lang LaSalle, which is marketing the site, said it has an indicative asking price of S$128 million. But if a neighbouring plot, which is presently housing some landed homes, is included, the...
A hotel site at Balestier Road has been launched for sale. The 1.77-hectare plot is one of two hotel sites on the Confirmed List of the Government Land Sales Programme for the first half of this year.But for the first time, the government has made developing a park a requirement as part of the tender. Balestier Road is buzzing with activity. And adding to it will be a new contemporary hotel which draws...
Balestier Road site will face Sun Yat Sen Memorial Hall IMAGINE a hotel development in the midst of a public park. Better still, one that blends in with the area’s heritage. That could soon be a reality following the Urban Redevelopment Authority’s (URA) launch of a land parcel for sale by tender off Balestier Road. The site, located across the Sun Yat Sen Nanyang Memorial Hall, will be nestled in...
Mapletree Industrial Fund has bought an industrial property from First Engineering Plastics for nearly S$22 million. The property comprises three buildings with a gross floor area of 14,387 square metres. The land, which spans more than 10,000 square metres, is located in the established Woodlands East Industrial Estate. First Engineering Plastics will lease back the premises following the sale. The...
Hotel rooms that provide a good view of Singapore's first Formula One Grand Prix race in September are being snapped up, including those that cost more than S$13,000 a night. Most hotels that line the track said business is good. With six more months to go before the big event, some have already had confirmed bookings for 50 to 95 percent of the rooms. From the 26th floor of Fairmont Hotel, one gets to see...
Jade Spring, the second batch of Built-To-Order flats in Yishun, is over-subscribed by almost five times. Homebuyers, who are considering the housing project, have until Monday midnight to file their forms. The project offers 576 units of two-, three- and four-room flats. Launched on 18 March this year, the project received 241 applications on its first day. The overwhelming response prompted the...