The Mezzo (former Ruby Plaza) is located along the main thoroughfare of Balestier Road, in the Novena Planning Area, and is a mere ten-minute drive to the Central Business District and the prime Orchard Road shopping district. It is also close to prime schools and amenities including the Novena MRT station. Location: 205 Balestier Road (District 12) Tenure: Freehold Site Area: approx 3819sqm Year of...
2008
Domestic construction demand is expected to reach close to S$30b this year compared to S$17b in 2006. But National Development Minister Mah Bow Tan warned the industry is expected to see a slowdown with the current economic situation. Mr Mah was speaking at the Singapore Contractors Association's 71st Annual Dinner. He said that if the need arises, the government will restart some of the deferred public...
K-REIT Asia has booked a distributable income of S$40.8 million for the first nine months of the year. That is almost triple compared to same period in 2007. This works out a distribution per unit of 6.28 cents per unit. Net property income climbed 31 per cent year-on-year to hit S$27.8 million, with a distribution yield of 8.72 per cent. The jump was due largely to its acquisition of a one-third...
Singapore's commercial property sector may see a lot more downside, says Chor Hoon Chua, senior research director at DTZ. She tells CNBC's Martin Soong that commercial property rentals can fall as much as 60% over the next two to three...
Singapore's second major research and development (R&D) hub - Fusionopolis - was opened by Prime Minister Lee Hsien Loong on Friday, with the announcement that the Republic recorded the highest gross domestic expenditure in R&D last year. Fusionopolis stands side by side with Biopolis, the biomedical sciences hub. Mr Lee told the gathering of top international researchers that the current global...
Sandy Island is a rare collection of 18 waterfront villas nestled within a tropical island oasis of privacy and calm. Designed by world celebrated architect Claudio Silvestrin in concert with multi-award winning landscape designer Jamie Durie, these exclusive villas are embedded in a lush rainforest setting, like precious jewels waiting to be discovered in the splendour of nature. Sandy Island is situated...
Investment trusts are losing their attraction as good defensive options for investors in the current turbulent markets. As lending from banks begins to dry up, these trusts are facing refinancing difficulties. Analysts said their once attractive yields no longer seem as enticing, and real estate investment trusts (REITs) are no exception. REITs that have the backing of sponsors such as Mapletree and City...
CapitaLand residential projects in Bahrain and Abu Dhabi have attracted S$1 billion in sales since June 2008. The projects were taken up by a mix of individual and corporate parties. CapitaLand has two major projects in the Gulf Cooperation Council region – Rihan Heights, which is part of the landmark Arzanah integrated development in Abu Dhabi, and its first Raffles City integrated development in...
Property developers sell just 376 units last month despite launching four times as many units SALES of private homes continued to languish last month, with the poor sales in August - the Hungry Ghost month - proving to be more than just the usual annual blip. It was more of a sign of things to come, as the ongoing financial turmoil takes its toll on home-buying sentiment. According to data released...
Municipal governments in Shanghai and Hangzhou on China's east coast have joined a growing number of cities to introduce measures to prop up the sliding real estate market. For individuals buying their first homes in Shanghai, the maximum they can borrow from the government's housing fund has been doubled to 200,000 yuan ($43,100), the city's housing fund management agency said. The new rules took effect...