The Housing and Development Board’s (HDB’s) latest Build-To-Order (BTO) project in Sengkang has attracted almost thrice the number of applicants compared to units available. Fernvale Crest has a total of 1,992 applications versus 700 units available. Fernvale Crest has, by far, the most number of small flats in a BTO development. Its two-room flats were the least popular, with 169 applications...
2009
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Evan Lim & Co’s property development arm has scored a few successes and now plans to acquire more residential development sites THE PROPERTY MARKET stirred when Illuminaire on Devonshire, the first launch in a prime district (District 9) for the year, saw all its units snapped up within three days of previews. Also noteworthy was the average price per sq ft (psf) achieved at $1,700 psf, which was...
Sales of uncompleted private homes climbed 37 per cent on-month in May as improving market sentiments spurred more home buyers to snap up properties. A total of 1,668 units were sold last month, up from 1,214 in April. Home sales in the mid-tier market picked up pace in May. The developments that sold the most units last month were Martin Place, The Wharf, The Arte and The Mezzo. These four projects,...
THE past week has been, in a word, “stressful” for the 27-year-old advertising agency executive who has been busy juggling work with “running around looking at apartments”. “Even my lunch breaks are spent meeting agents to check out places to rent,” Jenny (not her real name) told Today. Making things even more difficult, rental rates, she claims, have “shot up”, leading her to conclude...
If you're looking to buy a private high-end property, market watchers said the resale market appears to be offering better deals right now. They said discounts of up to 50 per cent can be found in the resale market for Singapore private properties compared to developer launches where prices may only be lowered by about 20 per cent. Property market sentiment appears to be recovering with developers...
Cove Development says that 49 former tenants of Ideal Accommodation have decided to stay on at The Grangeford after the June 30 deadline. They are being offered rental rates of between S$2,600 and S$3,500 for a whole apartment. Until the deadline, residents can continue to stay at The Grangeford rent-free, while they seek other accommodation. Cove recently took control of The Grangeford, after...
Mainboard-listed Aztech Group has signed a deal to buy a property worth S$10.5 million from shipyard Swissco Structural Mechanical. The property located at Pandan Road includes an existing office building, five warehouses and a waterfront. Aztech intends to use internal sources of funds and external borrowings to finance the purchase of the property. Aztech said in a statement that it bought the...
Mainboard-listed Parkway Life Real Estate Investment Trust (REIT) said Friday that its issuer default rating was downgraded. Ratings agency Fitch cut Parkway Life REIT's rating to 'BBB' from 'BBB+', giving it a stable outlook. Fitch said the REIT could be impacted by its sponsor, Parkway Holdings, the owner of Parkway Hospital Singapore. Parkway Hospital is the operator of the REIT's three hospitals...
The poor economic climate has affected many neighbourhood retailers but there'll be some relief through the housing board's scheme to bring shoppers back into the heartlands. It's spending S$12 million to renovate 33 sites islandwide, covering some 3,000 shops, more than double the amount spent in its pilot scheme in 2007. The owner of a fish stall in Bukit Batok estate said his business saw a 10 to 20...