The dramatic improvement in sentiment has already resulted in property prices creeping up over the past two months, particularly in the secondary market. According to anecdotal evidence, owners are sticking to their asking prices, with some even withdrawing their properties from the market in the hope of fetching a higher price later on. At the prestigious Ardmore Park, the bellwether for luxury...
2009
SINGAPORE’S drive to become an education hub is providing a form of support for the home leasing market. According to property and student agents, more international students in Singapore are turning to condominiums for accommodation even as the more traditional hostels and HDB flats remain in hot demand. The influx of foreign students has visibly strengthened since the Economic Development Board...
Mainboard-listed Yongnam Holdings has secured two new contracts worth a total of S$40.7 million for the Marina Bay Sands Integrated Resort and the Marina Coastal Expressway. In the Marina Bay Sands contract, the engineering firm will construct a segment of the integrated resort's Lion Garden Bridge and a cooling tower structure. The second contract will involve the installation and eventual extraction of...
Singapore continues to face the long-term challenge of low fertility and an ageing population, according to its latest population report. But the record number of foreign residents in the country has helped grow the total population to 4.84 million in 2008 - an increase of 5.5 per cent over the previous year. Foreigners now make up about 25 per cent of the total population. The National Population...
WE WRITE in response to recent newspaper reports regarding the declining quality of life in the conserved Tiong Bahru estate. Since the gazetting of Tiong Bahru as a conservation site in 2003, committed residents have consistently collaborated with grassroots leaders and the town council to improve its heritage value. We are deeply distressed that current developments will reverse much of this work, and...
Singapore has seen a drought of en bloc sales lasting more than a year. But analysts said that could change by the end of this year. They believe that with developers experiencing lower inventories, and government land sales still depressed, en bloc sales could present a more attractive option. More than 5,500 private homes have been sold in the primary market this year - already more than the total...
SALES of private residential properties surged to their highest level in nearly two years in May. According to the latest data by the Urban Redevelopment Authority released yesterday, overall home sales totalled 1,668 units last month, the highest monthly figure since the all-time record of 1,723 units was set in August 2007. Purchases of private homes in the prime districts, which include Holland Road,...
Fragrance Assets, a unit of mainboard-listed Fragrance Group, has won the tender for a hotel site at Short Street. It had submitted the top bid of S$15.5 million for the site. The Urban Redevelopment Authority (URA) received a total of 15 bids, ranging from S$8 million to S$15.5 million. Other companies that had tendered for the site include Regal Land, Centurion Properties and Sim Lian Land. The...
A new twist has emerged in the ongoing saga at The Grangeford. TODAY has learnt that more than 200 sub-tenants at the condominium in Leonie Hill were in danger of having their power cut off because former master tenant Ideal Accommodation did not pay the electricity bill. Utility firm SP Services had sent Ideal a letter on June 5, seeking arrears amounting to nearly S$130,000. It had to pay up by last...
Behold a breathtaking waterfront development by Far East Organization - realise your dream of living in a modern and elegant home amid a tropical, resort-style setting at Singapore's eastern enclave! Reside in Waterfront Key and have the clear waters of Bedok Reservoir soothe away your knotted nerves. This lush 427-unit condo offers a full range of country club facilities including a 50-metre lap pool and...