Sales of uncompleted private homes continued to fall in November, making it the fourth consecutive month of decline. Just 600 units were sold last month, a 26 per cent drop over October. It was also the second time since January that private home sales have dipped below 1,000 units. November followed the trend in October, which showed a pickup in the number of high-end units being sold. More than half...
2009
First-time homebuyers now have more options when it comes to getting their dream home. The Housing Board is offering 2,670 new flats through four Build-to-Order projects launched on Tuesday. This brings the total flat supply for this year to 13,500 units. HDB said two BTO projects in Queenstown estate, SkyVille and SkyTerrace@Dawson, cater mainly to buyers who are prepared to pay more for a prime...
The Housing and Development Board (HDB) is launching for sale a site at New Upper Changi Road and Bedok North Drive. The site is zoned for mixed commercial and residential development and will be integrated with a bus interchange. The site area spans 24,902 square metres, with a permissible gross floor area of 87,157 square metres. It has a lease term of 99 years and is being made available under the...
Introduce more green features in flats and develop design guidelines for sustainable and energy efficient HDB townships. That's what the Housing and Development Board (HDB) and National University of Singapore (NUS) are embarking on through Singapore's first Township Climatic Study in Punggol town. The Sonic Detection and Ranging instrument, better known as SODAR, can measure wind speeds up to 300 metres...
As many as 14,500 new homes are expected to be sold in the whole of 2009, second only to the record of 14,811 units in 2007. Despite the high volume of sales, property consultancy CB Richard Ellis (CBRE) said the caveats lodged to date showed that the total selling price paid for new homes in 2009 was 58 per cent of that in 2007. CBRE said this was likely due to the dominance of mass market and mid-tier...
ARA Asset Management has entered a partnership agreement with Qatar-based Regency Group to jointly manage a Shariah-compliant real estate investment trust (REIT). The partners plan to list the REIT on the Singapore Exchange in the second half of 2010. ARA said the proposed REIT is expected to comprise mainly of hospitality properties, including hotels and serviced apartments in Qatar. These will be...
Public flats will continue to appreciate in value as long as the Singapore economy continues to grow. And with limited space, the future of public housing looks set to go up - with more skyscraper flats to be built. Minister Mentor Lee Kuan Yew said this as he launched The Pinnacle@Duxton, which at 50 storeys, is the tallest HDB development in Singapore. The first rental HDB blocks in Tanjong Pagar were...
Singapore property developer CapitaLand has set ambitious targets for its China operations, as it marks 15 years of doing business on the mainland. It wants to double the number of its shopping malls and housing developments in China in the next five years. It is also looking to expand its service apartments business. CapitaLand is celebrating 15 years in China with a bang. It said China will continue to...
Mainboard-listed Suntec REIT says its private placement of 128.5 million units was more than five times oversubscribed. The trust had priced the new units at S$1.19 each, a discount of 6.5 percent to Thursday's volume-weighted average price of S$1.2724 per unit. Suntec REIT said the gross proceeds from the private placement amounted to S$152.9 million. Net proceeds after deducting the underwriting,...
CapitaLand's serviced residence unit, Ascott, has clinched a contract to manage its third service residence in Xi'an, China. No financial details of the contract were given. The Citadines Xi'an Xingqing Palace is slated to open in 2011. The property will offer 160 studio apartments, each with a fully-equipped kitchen, an en-suite bathroom and a separate work area. Ascott's two other serviced residences...