Developers have achieved an 18-month high in private homes sold in a month, with the 1,000-unit mark having already been breached so far in February. Most of the developers who are prepared to pare their price expectations to more affordable levels continue to be rewarded. A near 10 per cent price chop was all it took for GuocoLand to sell off almost 90 per cent of the 182 units at The Quartz condo in...
2009
Some want to pay investors part-units instead of all cash WHEN the property market was booming, investors picked up real estate investment trusts (Reits) for their policy of paying out most of their profits in cash. But with the economy now slowing and asset prices falling, these one-time market darlings are looking for ways to conserve cash - and that may lead some of them to pay investors partly in...
WE REFER to Mr Quek Soo Beng‚s letter "A second chance at home" (Feb 10), on the Lease Buyback Scheme (LBS). The LBS is a generous scheme specially designed to meet the needs of the elderly. It allows them to continue living in the same HDB flat and neighbourhood, while leading a more financially secure retirement. It is an option to unlock the value of the flat, in addition to subletting a room or...
Location: Simei Street 4 (District 18) Tenure: Leasehold 99 years w.e.f 4 April 2008 Year of Completion: 2012 Site Area: 32,210.50 sqm Total Units: 646 Unit Types: 1 bedroom (538 - 635sqft) 2 bedroom (915 - 1335sqft) 2 bedroom + study (1001 - 1765sqft) 3 bedroom (1259 - 1765sqft) 3 bedroom + study (1830 - 2142sqft) 4 bedroom (1550 - 2379sqft) Duplex (3606 - 3703sf) Penthouse (2982 - 3488sqft) Ancillary...
Inspired by sweeping views of vast greenery and blue skies, Ascentia Sky at the fringe of good class bungalows in Tanglin defines a new lifestyle for aspiring modern cosmopolites. A vision of a bold and contemporary 45-storey development, expressed by imagery of glass boxes and gardens suspended poetically amidst the sky, creates an eco-habitat appearance in harmony with the tranquil surroundings....
The government has decided against relaxing tax exemption rules for real estate investment trusts or REITs. Senior Minister of State for Finance Lim Hwee Hua said the minimum payout ratio for REITs will not be cut. To qualify for the tax incentives, REITs are curently required to distribute at least 90 per cent of their taxable income to unit holders. If they do so, they are exempted from paying...
Singapore will press on with development plans for the Seletar Aerospace Park and grow the research and development (R&D) efforts for the aerospace industry. The aviation industry has taken a nosedive amid turbulent economic conditions. But the Economic Development Board (EDB) believes that long-term prospects remain positive. President of the Association of Aerospace Industries of Singapore,...
A silver silhouette stands out at the Shanghai Road address. One that is sleek and cool, smooth and fluid, solitary and outstanding. A single tower rises above its surroundings draped in quicksilver. This is THE MERCURY – where everything and everybody stops to enjoy the joys of life. Beyond the famed Orchard Road and before the iconic Singapore River, The Mercury stands out as a representation of the...
The foreign workers' dormitory in Serangoon Gardens could begin operations in August, says the area's MP, Mrs Lim Hwee Hua. Last September, the proposal to have a foreign workers' dormitory built in Serangoon Gardens resulted in a heated debate and protest from the residents. A website was set up to inform residents on the dorm's progress. In a letter that was put up on the website, Mrs Lim, who is also...
Resorts World at Sentosa will top out its first hotel, Maxims Tower, by the end of this month. The structural completion of the 11-storey hotel marks yet another major milestone in the development of the integrated resort, which remains on track for a soft opening in the first quarter of 2010. Maxims Tower will open with three other hotels - Hotel Michael, Festive Hotel and Hard Rock Hotel - as well as...