The cost of prime office space in Singapore is expected to halve by the end of the year, to hit almost five-year lows. It fell sharply by 25 per cent to about S$9.20 per square foot per month in the first quarter this year, compared to the previous quarter. Analysts expect a similar fall in the second quarter, before a moderation in the second half of the year. 2.4 million square feet of office space...
2009
Property developer CapitaLand has been recognised as a corporate sustainability leader by two international sustainability benchmarks. It has been included as a component of the newly-launched Dow Jones Sustainability Asia Pacific Index. The index ranks the top 20 per cent of the largest 600 companies in Asia Pacific based on long-term economic, environmental and social criteria. CapitaLand is the only...
The Housing and Development Board (HDB) has received 1,540 applications for its Build-To-Order (BTO) project called Nautilus@Punggol. The project, which consists of 519 four-room and five-room flats, is HDB's latest BTO project and the first in Punggol. Prices for the four- and five-room flats are expected to cost 20 to 30 per cent less than resale flats in the vicinity. At the close of applications on...
Luxurious Living Comes Naturally At The Lincoln Residences. Elegance has a new address: The Lincoln Residences. A freehold condominium comprising just 99 units, it's a haven of exclusivity and luxury in the prestigious location of Newton Road. An exquisite mix of 3 bedroom, 3 bedroom + study, 4 bedroom and penthouse units awaits your selection. Make An Elegant Statement In A Prime District. The Lincoln...
Property developer Far East Organization has said its S$700 million Orchard Central mall is on track to open in June. The 12-storey mall has just obtained the temporary occupation permit. It expects to raise tenancy take-up rate to 75 per cent in the coming months, from the current 65 per cent. Far East Organization said Orchard Central will stand out from other malls when it opens in about two...
The Inland Revenue Authority of Singapore (IRAS) has reduced the Annual Values of over 115,000 private properties in the first quarter of this year. That is almost 100 per cent of the total number of properties reviewed. With the reduction and the 40 per cent property tax rebate announced in this year's Budget, owners of these properties will pay between 45 per cent and 60 per cent less in terms of...
Singapore's investment property market was quiet in the first quarter of the year, as the global recession continues. The first three months of 2009 saw only 10 investment transactions, compared to 15 in the fourth quarter of last year. All the deals were below S$40 million. Real estate adviser DTZ said all the investment sales in the first quarter took place in the private sector. This is partly due...
CapitaLand's CEO Liew Mun Leong has raised his stake in its unit, CapitaMall Trust, following the REIT's recent rights issue. Mr Liew almost doubled his interest in CapitaMall, increasing the number of shares held from 333,410 to 633,479. That means he now holds about 0.02 per cent of CapitaMall, up from the previous stake of 0.0105 per cent. Mr Liew is the deputy chairman and a non-executive director...
Location: Holland RoadTenure: FreeholdYear of Completion: 2014Site Area: approx 76,635 sqftTotal Units: 75 (69 apartments & 6 strata villas) Unit Types:2 Bedroom ~ 947 to 1,076 sqft3 Bedroom ~ 1,421 to 1,464 sqft4 Bedroom Maisonatte ~ 1,679 to 1,765 sqft3 Bedroom Penthouse ~ 1,711 to 1,733 sqft4 Bedroom Penthouse ~ 2,239 to 2,260 sqft5 Bedroom Strata Villas ~ 3,552 to 3,918 sqft Facilities: *...
First Real Estate Investment Trust, or First REIT, has secured a three-year loan facility from OCBC Bank worth S$70 million. OCBC will also provide a notional amount of S$50 million as part of an Interest Rate Derivative Facility for interest hedging on this loan. This will then limit First REIT's exposure to possible upward fluctuations in interest rates. The trust said some of the money will be used...