General

Singapore developer CapitaLand's second-quarter net profit rose 4.4 per cent from a year ago to S$605 million, boosted by contributions from newly acquired investment properties in Singapore, China and Germany as well as revaluation gains. These were partially offset by lower portfolio gains and contribution from the group's residential business, CapitaLand said in a statement on Wednesday (Aug 8)...

Singapore's latest round of property curbs are probably enough to cool the market, and may present buying opportunities, the head of the Republic's biggest developer said. "With the recent property curbs, we see new situations, new opportunities arising," CapitaLand chief executive Lim Ming Yan said in a Bloomberg Television interview on Wednesday (Aug 8). The Republic took additional steps to reign...

Imagine the sheer pleasure of living along Orchard Boulevard, one of the world's most coveted and prestigious pieces of real estate, and yet still feel ensconced amidst tropical lushness and you would have just imagined life at 3 Orchard By-The-Park. Located amidst the privileged heart of the island's diplomatic enclave, iconic retail destinations as well as the finest names in luxury hotels, all spread...

Singapore’s office market is in the early stages of a recovery as tapering office supply and strong pre-commitment levels have caused the office vacancy rate to decline, offering landlords higher bargaining power to increase rents. “Office rent is expected to increase by 20 to 25 per cent between 2018 and 2020, of which 12 to 16 per cent is expected in 2018,” said Ms Regina Lim, head of capital...

The Regalia, a freehold condo at 2 River Valley Close, has been put up for public tender. The property has 112 apartments and four penthouses, sits on a site of 63,371 sq ft and commands "prominent corner dual road frontages" of about 150m along River Valley Close and River Valley Road, according to CBRE, the sole marketing agent for the collective sale. The owners have indicated a guide price of...

Resale prices of condominiums and private apartments climbed 1 per cent in July from the previous month, as the number of transactions dipped by 2.8 per cent, based on flash estimates from real estate portal SRX Property. Resale prices increased by 12.3 per cent on a year-on-year basis, while transaction volumes went down by 1.5 per cent. Prices have climbed 9 per cent since the beginning of this...

Prospective home owners will now find it easier to apply for home loans with the launch of United Overseas Bank’s (UOB) fully digital home loan system, the bank said on Tuesday (Aug 7). The new system includes the first bank-backed instant property valuation service in Singapore, and matches buyers to bankers via the GetBanker digital service. The service sees UOB partnering with four other...

More than 140 units of The Tre Ver, a new 99-year leasehold condominium in Potong Pasir, were sold within the first three hours of its launch on Saturday. The sales represent over 70 per cent of the 200 units released in Phase 1. The project, designed by Woha Architects, is developed by UVD (Projects), a 50:50 joint venture between UOL group and United Industrial Corporation (UIC). Jesline Goh,...

The proposed fund will be Keppel Capital’s first retail-focused real estate fund Keppel Corp said on Monday (Aug 6) a unit of its asset management arm had entered a memorandum of understanding with Australia's Vicinity Centres to establish a private fund. The companies intend to invest in an initial A$1 billion (S$1.01 billion) portfolio of Australian retail properties currently owned by Vicinity,...

Two large interlinked warehouse buildings in Gul Industrial Estate are up for sale by expression of interest, said its sole marketing agent JLL. The sellers, an import and distribution business servicing the print industry, are relocating in order to optimise their operations, and are seeking offers in excess of S$13 million, said JLL. The property at 3 Gul Crescent near the Gul Circle MRT station has...