S'poreans are putting their money in overseas property PROPERTY buyers are not just snapping up properties in Singapore but are also looking overseas, in yet another sign that property investments are still in vogue. Last weekend, marketing agents Top Leaders Realty and Jones Lang Lasalle launched private residential properties in Chennai and London, respectively. Both projects garnered relatively...
2009
SOME 17 months after the idea was mooted, a proposal to privatise an HUDC estate in Hougang remains in limbo. This, despite the fact that to date, 282 resident owners have voted in favour of it, more than the 75 per cent required. The Housing and Development Board (HDB) says that it is still working out the conversion costs. However, some residents wish that the HDB could act faster to decide on the...
At the heart of Novena & Thomson lies a FREEHOLD residence that is inspired by the buzz of the city and the tranquility of nature. Imagine peering from a majestic tower overlooking the cityscape and the lush surroundings of MacRitchie. Experience the vast expanse of a contemporary landscape, as you appreciate the verdant foliage by the poolside. There's always room for a rendezvous on the sky...
CapitaLand has won the Cityscape Best Developer Award for its corporate social responsibility efforts. The project that clinched the award for the developer was its Muchuan Green Hope School in China's Sichuan Province. It was selected for showing outstanding social responsibility towards the community and the environment. Co-funded by the CapitaLand Hope Foundation and the local authorities in China,...
Global real estate investors are looking to tap on to growing opportunities in Asian markets. Experts speaking at an industry event, Cityscape Asia 2009, in Singapore on Tuesday said China currently offers the most potential. This is due to a number of good valuations available in the market, and the economy's positive growth outlook. China's industrial property sector has been hit hard by the global...
Singapore's property market is among the worst-performing in Asia for the first quarter of this year. A report by property consultant CB Richard Ellis (CBRE) found that Singapore's prime office rents recorded the region's worst contraction. Compared with the first quarter of 2008, prime office rents in Singapore fell by 34 per cent, followed by Hong Kong which was down by 32 per cent. In terms of retail...
Brokerage DBS Vickers said the Singapore private property market could pick up this year. In a research report, the firm said the prices of mass market private homes are likely to rise by the second half of this year if demand continues to hold. Mid-tier private residential homes, meanwhile, could see price stability towards the later part of the year. However, DBS Vickers added that the high-end...
Real estate consultancy firm Colliers International says the industrial properties market has been hit by the global financial crisis. Its latest bi-annual survey found that rents, land and capital values of industrial properties in most cities across the Asia Pacific, except for Jakarta, contracted by up to 40 per cent. The study of 13 key cities in the region was conducted between October 2008 and...
Singapore will be home to luxury auctioneer Christie's International's first fine art storage facility in Asia. The Christie's Fine Art Storage Services facility will be located at The Singapore FreePort. The Singapore FreePort at Changi Airport is a Fort Knox-like vault that houses private art collections and collectibles from all over the world. It is supported by Singapore's Economic Development...
Eighty per cent of the high-end Martin Place Residences condominums launched were sold over the weekend. A third of the 302 units available have been launched. The freehold Martin Place Residences is just a few minutes from the heart of Singapore's prime Orchard Road shopping belt. Developer Frasers Centrepoint said the units were transacted at between S$1,260 and S$1,700 per square foot. Six in 10...