AUGUSTINE Tan was on Thursday named president of the Real Estate Developers' Association of Singapore (Redas) management committee for the term 2017/2018. Mr Tan, 58, executive director, property sales & corporate affairs of Far East Organization, was re-elected to the position at the Redas' 57th annual general meeting. Mr Tan is flanked by Redas management committee vice-presidents, UOL Group's...
General
PERENNIAL Real Estate Holdings has led a consortium of vendors to sell a 70 per cent stake in TripleOne Somerset to Hong Kong-listed Shun Tak Holdings for S$350 million. Perennial, which will receive about S$101 million for the 20.2 per cent interest that it is selling, will retain a 30 per cent share in the office and retail development. The real estate developer said it will use its share of the...
Yes, you heard it right - Singapore's home prices are set to make a comeback after a three-year losing streak. And analysts think property developer stocks are the best way to play that rebound. Amid a restructuring push to boost a slowing economy, the government could signal its intention to reconsider property cooling measures as early as the budget speech in February, Carmen Lee, head of research at...
THE Housing & Development Board said on Thursday that its resale flat price index dipped 0.1 per cent in the fourth quarter of 2016 over the preceding quarter. The drop for the whole of last year was also 0.1 per cent. The number of resale applications registered dropped 9.1 per cent to 5,012 cases in Q4 2016 from 5,514 cases in Q3 2016. For the full year of 2016, the number of resale transactions rose...
THE Urban Redevelopment Authority's price index for private homes fell 0.5 per cent in the fourth quarter of 2016 over the previous quarter. This was a smaller decline compared with the 1.5 per cent quarter-on-quarter drop in Q3 2016. For the whole of 2016, prices fell 3.1 per cent, also a smaller drop compared with the 3.7 per cent decline in 2015. For full-year 2016, prices of landed properties...
RENTS and prices of commercial space in Singapore fell by a faster clip in 2016 compared to 2015, with office vacancies shooting up to a four-year high since Q1 2012. Latest data from the Urban Redevelopment Authority (URA) released on Thursday showed that rents of office and retail space slipped over 8 per cent in 2016. Office rents slipped for the seventh straight quarter by 1.8 per cent in the...
The Clement Canopy is in the middle of three transformational growth areas. To the West, Jurong. To the East, one-north. And just right next door, the Kent Ridge Education Belt. Thoughtfully designed facilities bring the family closer together, by taking the home beyond its walls. The landscape becomes your playground and sanctuary. Various pools, fitness and wellness spaces, play areas for children, and a...
Public spaces on private property will soon have to meet new design guidelines such as providing ample shade and public seating, according to a circular to building owners and developers by the Urban Redevelopment Authority (URA) on Tuesday (Jan 24). These spaces include covered public spaces such as the area outside Asia Square, outdoor public spaces such as the atrium outside Ion Orchard, and urban...
Ascott has secured contracts to manage another six properties with more than 1,200 apartments in China, the serviced residence operator announced in a media release on Thursday (Jan 19). Two of the properties are in Handan and Xuzhou - two cities new to Ascott - and the rest in Changsha, Shenzhen, Tianjin and Wuhan. Citadines Sunhope e-Metro Shenzhen is slated to open this year, while Citadines...
Viewing decks and new spaces have been built along Kallang River and Sungei Whampoa, as part of national water agency PUB’s Active, Beautiful and Clean (ABC) Waters programme. The project at Kallang River was officially opened on Sunday morning (Jan 22) by Communications and Information Minister Yaacob Ibrahim who is also the MP for Jalan Besar GRC. The project involved an upgrade of a 320-metre...