The government will introduce three new sites in its industrial land sales programme for the second half of the year. The Trade and Industry Ministry says this is to meet potential demand for industrial land. With the addition, there will be nine sites on the Reserve List. The three new sites are parcels at Woodlands Avenue 12, Kaki Bukit Avenue 4 and Ubi Road 1/Ubi Avenue 4. The nine sites on the...
2009
Location: Balmoral Road (District 10) Tenure: Freehold Site Area: 102,183 sqft Year of Completion: June 2014 Total Units: 85 Unit Types: 2 bedroom ~ 1,324 sqft (20 units) 3 bedroom ~ 1,636 – 2,809 sqft (31 units) 4 bedroom ~ 2,174 – 2,745 sqft (29 units) Penthouse ~ 3,509 – 6,168 sqft (5 units) Highlights: * Prestigious residential enclave in District 10 address * Panoramic views towards lush...
More banks here offering new competitive rates A HOME loan war is hotting up among banks in Singapore, with new player the State Bank of India (SBI) and Standard Chartered Bank launching attractive home loan packages this week that could potentially stir other banks to respond with even more competitive packages. SBI - India's largest bank that only started operations here last year - has offered a...
The property rush continues to grab the headlines with queues at new launches and crowds at show flats. Perhaps a sobering reminder would be the still declining prices based on the Urban Development Authority’s (URA) flash estimates released earlier this Wednesday. The price index for private residential property is still falling, albeit at a slower rate. Overall residential prices fell by 5.9% in 2Q09...
Private home prices in Singapore have fallen for the fourth straight quarter, though at a slower pace. Initial estimates from the Urban Redevelopment Authority (URA) on Wednesday showed that the cost of private residential properties fell by 5.9 per cent in the second quarter, compared to the record drop of 14.1 per cent in the previous quarter - the steepest fall since 1975. Observers projected that...
CapitaLand unit, Ascott, has opened two new serviced residence apartments in China. Somerset JieFangBei is in Chongqing, while Somerset Garden City is located in Shenzhen. The properties are Ascott's first in each city. Ascott now has 26 properties in 12 cities across China, making it the largest international serviced residence owner and operator in the country. Ascott CEO Lim Ming Yan said the...
The Land Transport Authority (LTA) has awarded another contract worth S$378 million for Downtown Line 2 (DTL2). The contract for civil works went to local firm, Sembawang Engineers and Constructors. The firm will design and build stations and tunnels at Botanic Gardens and Stevens. Construction of the stations is scheduled to start in the third quarter of 2009 and targeted to complete by 2015. DTL2 is...
Private home prices in Singapore have fallen for the fourth straight quarter, though at a slower pace. Initial estimates from the Urban Redevelopment Authority (URA) showed Wednesday that the cost of private residential properties fell by 5.9 per cent in the second quarter, compared to the record drop of 14.1 per cent in the previous quarter - the steepest fall since 1975. According to the latest...
The Urban Redevelopment Authority (URA) will put an industrial site at Kaki Bukit up for sale through a public tender. It says it has accepted an application from a developer who has agreed to bid for the land parcel at or above the minimum acceptable price of S$5 million. The identity of the developer was not revealed. The 1.07 hectare site, located at Kaki Bukit Road 2, has a 30-year lease period. The...
Singapore has moved a notch higher to 18th spot as the most expensive retail location in the world, despite easing rental rates for super prime retail space. Property consultancy firm CB Richard Ellis (CBRE) said prime retail rents have declined across the globe with the global financial crisis reducing consumer confidence and weakening spending. Yet super prime rents in Singapore stood at US$408 per...