The real estate investment trust (REIT) market appears to be holding up for now, despite the current cautious sentiment in the property market. Strong dividend yields, on the back of rising inflation, continue to make Singapore REITs attractive to investors. But industry watchers said these REITs are starting to feel the impact of the global credit crunch. Marjan Van Der Weijden, Head, Structure Finance...
May 2008
THE United Kingdom’s first offshore campus in Singapore has moved into its new $38-million premises. The Queen Margaret University (QMU) Asia Campus has been operating at its Balestier site since May 2. The enhanced facilities of the new, self-contained campus at Ah Hood Road will help the university to “widen and deepen” its undergraduate and postgraduate programmes, according to QMU Asia and its...
Bogus contractors are apparently making their rounds at Woodlands Drive. Residents said contractors claiming to be from the town council and the Housing and Development Board (HDB) have been knocking on their doors. The contractors showed some form of identification document to justify their claims before recommending that residents change their door locks. They cited a rise in theft cases in the...
Parc Emily, freehold #01-12, 7 Mount Emily Road Units: A 689 sq ft one-bedroom unit Price: $930,000, or $1,350 per sq ft (psf) This sub-sale unit, next to Mount Emily Park and near the Dhoby Ghaut MRT station, gets some afternoon sun. The whole condo, developed by City Developments and TID, is fully sold and will be completed this year. Other two- and three-bedroom units are also on sale. Viz @...
New residential properties must now include basic environment-friendly features before the building plans are approved. This is a requirement introduced on 15 April by the Building and Construction Authority (BCA). Under the new guidelines, BCA has set a limit on the amount of heat that can enter a residential building through its facade. This limit is called the Residential Envelope Transmittance Value....
Cushman and Wakefiled’s Donald Han offers his views on the property market in the Channel NewsAsia programme, When The Bears Are Out - Invest Wise, hosted by Lin Xueling. What are your favourite locations at the moment? And for which categories? It all depends on your investment profile and investment criteria. I always say that you should go into a project or property sector that you are most familiar...
Events such as the Grand Prix are new growth drivers to help cushion the slowdown: Analysts THE Singapore economy is in for at least a year-long slowdown, but there will still be growth, according to most economists surveyed by Today. This is the U-shaped scenario painted by Prime Minister Lee Hsien Loong during his May Day Rally speech on Thursday, which predicts that it could be next year before the...
The Federal Reserve announced Friday that it will expand a series of efforts to deal with the global credit crisis, in coordination with European central banks. The Fed said it was boosting the amount of emergency reserves it supplies to United States banks to US$150 billion ($205 billion) in May, from the US$100 billion it supplied in April. The Fed took this action and several other moves to boost...
Enbloc sales woes and unhappiness at Mandarin Gardens have left the condominium without a management committee for the past week. The previous committee refused to be re-nominated for elections at its Annual General Meeting last Sunday. Since then, no one is taking charge of the day-to-day management at the condominium on Siglap Road. Channel NewsAsia understands that the entire management committee...
An exquisite development located in the Exclusive and tranquil setting of the Braddell Height Estate. Total Units : 18 individual strata titled Bungalows (of which seven are unsold)with its own individual private pool, lush landscaping, numerous water features, coupled with an efficient layout and modern fixtures and fittings-offers a luxurious lifestyle for a selective few only. Location : Dunsfold...