2009

Luxury apartments for $7 million

In the latest caveats for the week of Aug 28 to Sept 4, there were four transactions for apartments in the $7 million range, mainly for existing freehold projects in the luxury prime districts of 9 and 10. One is a 3,477 sq ft second-floor unit at the 32-year-old Nassim Mansion, a luxury freehold 72-unit development on Nassim Hill in a neighbourhood of Good Class Bungalows. It was sold for $7.5 million...

Bishan Park undergoes S$76m facelift

One of Singapore's most popular parks is about to blossom - with a river promenade, cafes, themed playgrounds and diverse wildlife to give it vibrancy. This will be the new face of Bishan Park after the 35-metre wide canal beside it is transformed into a river that meanders through the park - the first time a canal will be naturalised and integrated into a park in Singapore. When completed in 2011, it...

HDB blocks 101 to 109 in Potong Pasir Ave 1 to get lift upgrading

Blocks 101 to 109 in Potong Pasir Avenue 1 will be the first in an opposition ward to undergo lift upgrading, according to People's Action Party (PAP) adviser to Potong Pasir, Sitoh Yih Pin, in a news release on Friday evening. In July, the government announced that some blocks in opposition-held Potong Pasir and Hougang will come under the Lift Upgrading Programme (LUP). The plan is to have all eligible...

Private home prices rise 16% in Q3 flash estimates

Singapore private property prices in the third quarter saw the steepest quarter-on-quarter increase since 1981. The Urban Redevelopment Authority's (URA) flash estimates showed private home prices rose 15.9 per cent in the third quarter - a sharp turnaround from the 4.7 per cent fall in the second quarter, and snapping four straight quarters of decline. Overall, prices are back to where they were at the...

Saizen REIT unit gets S$15.7m loan from Japan’s Mizuho bank

Yugen Kaisha JOF, a subsidiary of mainboard-listed Saizen REIT, has entered into an agreement for a S$15.7-million loan from Japan's Mizuho Bank. The loan, which has been fully disbursed, has a term of 10 years. Under the terms, the asset manager of Saizen will act as a guarantor for the loan, and the property portfolio of Yugen will be pledged as security for the loan. The proceeds will be used to...

7,000 HDB flats to be made available in next three months

The Housing and Development Board (HDB) will release 7,000 new flats in the next three months, to cope with strong market demand. This is more than that offered in the first nine months of the year. From now to December, the HDB will launch 5,000 new flats for sale under its Build-to-Order (BTO) scheme. These will be in both new and mature towns, including 1,700 units in Dawson estate in...

Wembly Residences @ Yio Chu Kang

Sought after FREEHOLD boutique development 33 exclusive units of good sizes 1-Bedroom / 2-Bedroom / 3-Bedroom / Penthouses Opposite Serangoon Sports Stadium Short distance to Serangoon integrated transport hub (Circle line, North-East line & bus interchange) Short distance to NEX Serangoon Mega Mall Close proximity to reputable schools (Rosyth School, Paya Lebar MGS, etc) Near various international...

K-REIT to raise S$620m through one-for-one rights issue

K-REIT Asia is planning to raise S$620 million through a one-for-one rights issue. It is offering about 667 million rights units at 93 cents each, representing a 21.2 per cent discount to K-REIT Asia's closing price of S$1.18 per unit on September 30. K-REIT Asia said it intends to use about 80 per cent of the gross proceeds to repay borrowings provided by Kephinance Investment. This includes a bridging...

Nearly 1.2m sq ft of new office space added in Q3, says DTZ

An estimated record 1.19 million square feet of new office space was added in the third quarter of this year, according to the latest Singapore Property Market Report by consultant DTZ. This increased the overall office stock by two per cent. The new supply in the third quarter was more than last year's total new supply of 1.14 million square feet. Newly completed offices included Mapletree Anson, 2HR,...

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