General

HDB resale prices rose 0.1 per cent in August from July, according to flash estimates by real estate portal SRX Property on Thursday. August is the first full month since surprise measures aimed at cooling the private residential market took effect in early July. But it is also traditionally a quieter month, as it coincides with the month-long Hungry Ghost Festival. Prices in August have dipped 1.7...

CapitaLand was recognised as the best real estate developer in Singapore for the second consecutive year according to the Euromoney Real Estate Survey 2018. The survey, now in its 14th year, is a ranking of leading firms involved in the real estate sector worldwide. Bagging a total of four awards, CapitaLand was also voted Singapore's top real estate developer in the retail and mixed sector...

The redevelopment of ageing properties is an important stage in the life cycle of urbanised cities with limited land supply. For a small country like Singapore, when houses built in the country’s early years age, redevelopment becomes increasingly pertinent both from an economic and urban renewal perspective. Ageing houses, if not redeveloped, have significant implications for the community and...

Marketing agent CBRE is launching the tender sale of 87 and 88 Amoy Street, a pair of two adjoining prime 4-storey conservation shophouses in the heart of the CBD. Both 87 and 88 Amoy Street have a combined land area of approximately 5,375 square feet, and a total gross floor area of approximately 14,641 square feet. The site is zoned for commercial usage under the Chinatown (Telok Ayer) Conservation...

Social media giant Facebook on Thursday (Sep 6) announced it will pour in more than S$1.4 billion to construct its first data centre in Asia in Singapore. The new facility, located at Tanjong Kling (formerly known as Data Centre Park) in the west of Singapore, will span 170,000 sq m and will “support hundreds of jobs”, the company said in its press release, adding it will form part of its growing...

Keppel Land in collaboration with the Building and Construction Authority of Singapore (BCA), will be incorporating five new and emerging energy efficient technologies in Keppel Bay Tower, where the headquarters of Keppel Corporation is based. The five technologies that will be piloted at Keppel Bay Tower include a high efficiency air distribution system, a revolutionary cooling tower water management...

The Building and Construction Authority (BCA) on Wednesday (Sep 5) launched the Super Low Energy (SLE) Programme in a bid to improve energy efficiency at non-residential buildings. Under the programme, BCA introduced a new benchmark to recognise buildings that have achieved either Super Low Energy or Zero Energy status. The new Green Mark (GM) for SLE voluntary certification framework provides...

Bidding counts at two of three state tenders that closed on Tuesday were noticeably subdued, showing developers' sentiment following the latest property cooling measures. Just five bids competed for the plot on Dairy Farm Road and three bids were submitted at Jalan Jurong Kechil, far fewer than the record 24 bids submitted last year for a nearby Toh Tuck Road plot that has since been developed into...

In the first major property launch since July's property cooling measures, Qingjian Realty has unveiled its plan to build more than 1,200 apartment units in Shunfu Road, on the site of the former Shunfu Ville estate. JadeScape, as the new development in Bishan is to be called, will be kitted out with fully-integrated smart home technologies and an intelligent estate monitoring system. The project...

The claims that HDB flat buyers do not own their flats and are renting them is "factually and legally wrong", said Minister for National Development Lawrence Wong. There is also no basis to such a claim, he said at the HDB's Peak Forum for building professionals on Tuesday (Sep 4). Mr Wong added that all buyers of leasehold properties, private or public, enjoy ownership rights over their properties...