Retail space is filling up at Bukit Panjang’s upcoming shopping centre called Hillion Mall, announced Sim Lian Group on Friday (Nov 25). It said in a press release that 90 percent of the approximately 174,730 sq ft of lettable area has been taken up by about 100 retail as well as food and beverage (F&B) tenants. There are five anchor tenants - NTUC FairPrice, PCF Sparkletots Preschool, Amore...
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Serviced residence operator Ascott has unveiled its newest accommodation concept, Lyf, which is "designed for and managed by millennials who wish to experience destinations as locals do", it announced on Thursday (Nov 24). In a press release, Ascott said the properties will be designed to facilitate interaction between guests, with communal spaces and co-working areas that can be easily transformed...
The Housing and Development Board (HDB) on Saturday (Nov 19) enhanced its Cool Ideas Fund to provide more financial support for inventors seeking to improve living environment for public housing. In the past, applicants had to match dollar for dollar the funding disbursed, up to S$10,000. This is no longer a requirement as they can just apply for a grant of up to $10,000 to turn their ideas into...
More than 10,000 flats were launched for sale on Tuesday (Nov 22) in the Housing & Development Board’s (HDB) largest sales exercise this year. A total of 10,118 flats were offered, comprising 5,110 Build-To-Order (BTO) units and 5,008 units under the Sale of Balance Flats (SBF) exercise, the HDB said. Nine new BTO projects were launched - three in Punggol and another six in Bedok, Bidadari (Toa...
CAPITALAND will open eight malls in Asia in 2017 with almost one million square metres of gross floor area, the property developer announced on Thursday. Through wholly-owned CapitaLand Mall Asia, CapitaLand will open six malls in China, one in Malaysia and one in India. The first mall will open in the second quarter of 2017, and the last one in the fourth quarter. "As at Sept 30, 2016, 76 per cent...
THE revival in developers' private homes sales last month - sparked by new launches Forest Woods and The Alps Residences and supported by sales from earlier launches - is expected to continue this month. Two new major condo developments have hit the market this month so far - Queens Peak near Queenstown MRT station and Parc Riviera in the West Coast. Urban Redevelopment Authority (URA) data released...
DEVELOPERS' housing sales rose last month over the preceding month as well as on a year-on-year basis, show latest government numbers. In the private housing segment, excluding executive condos or ECs, developers sold 1,252 units in October 2016, up from the 509 units they moved in the preceding month and 549 units they sold in October last year. Including ECs, which are a public-private housing...
THE Singapore real estate market has been volatile. Amid the cyclical nature of the market, we looked at data from 2000 to find the best years to buy an office building in Singapore and hold for five years. We found that these periods have generally coincided with periods of high vacancy rates. In 2001 to 2004 prime office rents fell 42 per cent, before rising 270 per cent in 2005 to 2007, then...
Towering at 122 metres with 30 storeys, Cairnhill Nine will be one of the tallest buildings in the Orchard Road district. It is part of an integrated development that also comprises luxurious serviced residence Ascott Orchard Singapore. It is located a few minutes’ walk from Orchard as well as Somerset MRT stations, world-class shopping malls and premium medical facilities. Residents of Cairnhill...
REAL estate developer Wheelock Properties posted a net profit of S$28.3 million for its third quarter ended Sept 30, 2016, up one and a half times from S$11.3 million a year ago. Revenue was up 82 per cent to S$152.6 million. Higher revenue was due to sales in Ardmore Three and The Panorama. This was partially offset by lower unit sales in Scotts Square and lower dividend and interest income from the...