Even as some market observers are saying that the Singapore property market is weakening, Macquarie Global Property Advisers (MGPA) is still optimistic and sees value in the office, retail and residential sectors. “There are still some good bargains around, and in the next 6 to 9 months, there might be better pricing value,” said MGPA’s chief executive (Asia investments) Simon Treacy at the signing...
General
THE new laws regulating en bloc sales that kicked in last October may mean controversial collective sale tangles are unlikely to arise again. But for Gillman Heights, where the sale process started before the rules were tweaked, the 22 minority owners’ attempt to overturn the privatised ex-HUDC estate’s sale now hinges on how the High Court rules the property’s age should be calculated. The last...
Macquarie Global Property Advisors (MGPA) says it expects office rentals in Singapore to remain hot, jumping by 10 to 25 percent this year. The Australian private equity real estate fund management firm is converting two plots of land at Marina View into twin office blocks. The two towers, expected to be completed in 2012, will also house a luxury five-star hotel. These land parcels drew top dollars from...
The second batch of flats under this year's Build-To-Order project was launched on Tuesday. Called Jade Spring, HDB is offering 576 two-, three- and four-room flats. The site is located at the junction of Yishun Ring Road and Yishun Avenue 11. It is also near the town centre where the MRT station, Northpoint Shopping Centre and the future Khoo Teck Puat Hospital are located. The prices of the units...
Singapore's property investment market remained robust in the first two and a half months of this year, with investment sales totalling S$5.9 billion in that period. The is according to a survey by consultant CB Richard Ellis. It said strong economic fundamentals and the positive long-term outlook in Singapore underpinned property investment activity. This is despite uncertain global economic conditions...
Sales of new private residential homes in February fell 46 per cent compared with the previous months. This is according to figures released by the Urban Redevelopment Authority. And industry watchers said this is the slowest sales since last August when the URA first released the data. About 170 new private apartments were sold in February, compared with 316 units in January. Donald Han, Managing...
The dollar has fallen to an all time low, around the world. The dollar has struggled against the Euro for some time now, but is now at a record low against this currency. In addition, the economic troubles the US is facing have dropped the value of the dollar against many currencies which it is traditionally stronger than. What does the falling value of the American dollar mean to those looking for loans...
Fresh revelations about the relationship between the National University of Singapore (NUS) and purchaser Ankerite have surfaced, adding a new twist to the Gillman Heights condominium collective sale brouhaha. Acting for a group of minority owners fighting to scupper the Strata Titles Board's (STB) approval of the S$548-million sale of the property to developer CapitaLand, Senior Counsel Michael Hwang...
A night street race will make Singapore's Formula One circuit stands out, but its pit design is something to take note of. Artist's impression of new F1 pit design Costing $4 million, the pit is meant to give an impression of space. There will be an outdoor viewing gallery for guests to get close to the race. It will be able to accommodate up to 2,000 people. The designing team said one of the key...
Celebrations were held at the recently upgraded Upper Boon Keng Riverview precinct on Sunday. A total of 183 flats have been upgraded under the Housing and Development Board's S$11 million Main Upgrading Programme (MUP). Information, Communications and the Arts Minister and MP for the area, Dr Lee Boon Yang, visited some of these apartments which have been improved with the fixing of new doors, more...