The heat is on for the Marina Bay Sands integrated resort to open with a bang next year. But with delays and escalating construction costs earlier this year, people have been left guessing when the doors will open. Sources have told MediaCorp the earliest the resort will start operations is in April. But some industry observers said June is a more realistic date. They said the resort is determined to...
2009
Prices of resale landed homes in the prime districts of 9, 10 and 11 in the fourth quarter have reached levels that surpassed the previous peak in the first quarter of 2008. According to a DTZ Research report, the average price of freehold landed resale homes in the prime districts increased 4.6 per cent in the fourth quarter to reach a new high of S$1,447 per square foot (psf). This is about 12 per cent...
The value of non-residential properties here has more than tripled this year. Property consultancy Jones Lang LaSalle's auction house said on Thursday that the quantum of non-residential properties has jumped from last year's S$26.9 million to S$101.18 million to date. It said the rise is due to investors being attracted to the higher rental yield from non-residential property, compared with an...
Logistics company CWT said that it is in advanced talks on the proposed sale and leaseback of its logistics facilities in 24 Penjuru Road and 2 Fishery Port Road. These facilities could eventually be included in the proposed listing of a real estate investment trust (REIT). However, CWT said it has not reached any definitive agreements yet and has not received any regulatory approvals for the proposed...
CapitaLand's wholly owned serviced residence unit, The Ascott, said it is making a foray into the Eastern European market. It's opening a property called Citadines Tbilisi Freedom Square in Tbilisi, Georgia. Ascott said the property is the first international serviced residence to operate in Georgia. It added that the property consolidates and strengthens Ascott's presence in Europe, where it already...
Location: Hullet Road (District 9) - former Char Yong Gardens Tenure: Freehold Year of Completion: 2013 Site Area: 93,274 sqft Total Units: 165 (20 storeys, 3 towers) Unit Types: 2 bedroom ~ 1,044 sqft (26 units) 3 bedroom ~ 1,550 - 1,615 sqft (94 units) 4 bedroom ~ 2,100 sqft (40 units) Penthouse ~ 3,348 | 3,907 | 4,715 sqft (5 units) Project Features: Heart of Orchard shopping paradise Designed by...
The Build-To-Order flats at the popular Dawson estate in Queenstown have received an overwhelming response from home buyers. The HDB received 2,300 applications for the 1,718 units available, just two days after they were launched. Four-room flats at SkyVille@Dawson and SkyTerrace@Dawson were the most popular, with 1,400 home buyers vying for 1,100 flats. Five-room flats were over two times subscribed,...
Location : Ocean Drive, Sentosa Cove (District 4) Tenure : 99 years leasehold Site Area : approx. 132,701 sqft Year of Completion : 2011 Total Units : 13 tropical villas Development Features : All villas feature a private pool and cantilever lounge over the lake Lush landscape with black bamboo trees an Eucalyptus trees Each villa comes with the name of a lake Each lake fronting villas provides a stunning...
The rebound in economic activity has lifted demand for office space in the fourth quarter, slowing down the rate of rental decline. Jones Lang LaSalle said on Wednesday preliminary estimates showed that in the last three months of the year, the average gross effective rent of Prime Grade A properties in the CBD core area has fallen 4.9 per cent on-quarter to S$7.80 per square foot a month. Around 1.2...
CapitaLand's wholly-owned serviced residence business unit, The Ascott, has launched its first Citadines serviced residence in Malaysia. The property, called Citadines Kuching Uplands, is scheduled for completion by the first half of 2012. It is located in the Jalan Simpang Tiga area, which is set to be a hub for education and local federal government administration offices. With the latest launch,...