Healthcare real estate investment trust, First Reit, on Thursday reported a 0.5 per cent increase in its distribution per unit (DPU) for the second quarter. For the quarter ended in June, its DPU was 1.92 cents, higher than the 1.91 cents announced over the same period last year. Distributable income for the period rose 1.5 per cent to S$5.3 million. Going forward, First Reit said healthcare demand...
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Complaints about property agents run the gamut from service quality to commission disputes. Each week, the Singapore Accredited Estate Agencies (SAEA) deals with 15 to 25 such enquires and feedback from the public, comparable to the 1,000 to 1,200 that reach the Consumer Association of Singapore every year. Based on the four most frequent complaints received, the SAEA offers tips on how you can deal with...
A residential site at Dakota Crescent will be placed for public tender in about two weeks, following commitment from a developer to bid at least S$130 million for the land parcel. According to the Urban Redevelopment Authority (URA), who made the announcement on Wednesday, the site has an area of about 1.7 hectares and will be able to generate a maximum permissible gross floor area of about 60,164 square...
Cove Developments, which owns the Grangeford condominium, said a good number of tenants has moved out. Cove had obtained a court order to recover 171 apartments last Friday. The firm would only say it is in the midst of ascertaining how many tenants are still staying behind before applying for the writ of possession to evict them. Channel NewsAsia understands this will take place before the end of the...
Office landlord CapitaCommercial Trust (CCT) announced Wednesday a distribution per unit (DPU) of 1.71 Singapore cents in the second quarter. That was a 32.6 per cent increase over the 1.29 cents of DPU announced over the same period last year, after adjusting for its recent rights issue. Without such adjustments, the second quarter DPU would have been lower than the DPU of 2.6 cents announced a year...
The Housing and Development Board (HDB) will launch a condominium site at Bukit Panjang for sale by public tender on Thursday. HDB said earlier this week it had accepted an application under the reserve list system from a developer to put the land parcel up for tender. The 99-year land parcel has a site area of about 244,000 square feet and a permissible gross floor area of 513,000 square feet. The...
Mainboard-listed Keppel Land said its second quarter net earnings rose 10.4 per cent to S$58.2 million from a year ago, as sales of residential property rose on improved sentiments. Revenue for the three months ended June climbed 34.4 per cent to S$250 million from a year earlier. The developer said sales of its Marina Bay Residences, The Sixth Avenue Residences, Reflections at Keppel Bay and The Tresor...
Location: 26 St Michael Road Tenure: Freehold Year of Completion: 2014 Total Units: 70 (1 tower, 11 storey) Facilities: Sky Swimming Pool, Sky Gym, Sky BBQ Unit Types: Studio ~ 333 sqft (9 units) 1 Bedroom ~ 409 sqft (9 Units) 1+1 Bedroom ~ 484 to 506 sqft (40 Units) 2 Bedroom ~ 624 sqft (9 units) Penthouses ~ 603 to 1,012 sqft (3 Units) Email [email protected] with the following for more info: Air...
Property consultancy Colliers International said the Singapore investment sales market experienced a surge of activity in the second quarter this year. Both the private and public sectors garnered investment sales transactions totalling S$1.35 billion from April to June, nearly four times higher than the previous quarter. Colliers said the renewed buzz in the investment market was supported mainly by...
HSBC is shaking up the home-loans market here by offering a so-called benefits portability feature in such loans. It is enabling its home loan customers who sell their property to continue from where they left off on the sliding interest rate spread on their new home loans. For example, if a customer sells the property in the third year of the loan, he can enjoy a first year loan interest rate of 1.69...