Department store John Little will close its last remaining outlet at Plaza Singapura by the end of December this year, the Robinsons Group announced in a statement on Saturday (Nov 5). The decision was made after evaluating the relevancy and sustainability of its brick-and-mortar business, said the Robinsons Group, adding that John Little will instead evolve as a brand into a pop-up format, which it...
General
Resale prices for Housing and Development Board (HDB) flats remained unchanged in the third quarter from the previous one, said the agency in its press release on Friday (Oct 28). The Resale Price Index remained at 134.7, but resale transactions have seen a tumble, HDB added. The number of resale transactions fell 5.5 per cent to 5,514 from 5,838 in the second quarter, according to its statistics....
When she wanted to sell her flat along Hougang Avenue 4 earlier this year, Ms Lee and her husband engaged a property agent and at the same time, decided to have a go at creating their own listing on a few online property portals. “Our friends told us about these DIY (do-it-yourself) platforms and we thought: ‘Why not? There’s no harm trying’,” said the 39-year-old who declined to reveal her...
Prices of private residential properties declined at a faster pace in the third quarter, falling by 1.5 per cent compared to a 0.4 per cent fall in the previous three months. According to data released by the Urban Redevelopment Authority (URA) on Friday (Oct 28), prices of landed properties declined by 2.7 per cent, compared to the 1.5 per cent decline in the previous quarter. Prices of non-landed...
All industrial land and properties under the Housing & Development Board (HDB) will be transferred to JTC in the first quarter of 2018, Minister for Trade and Industry (Trade) Lim Hng Kiang announced on Wednesday (Oct 19). The transfer, which will affect about 10,700 industrial units and 540 industrial land leases, will help the Government to better support small- and medium-size enterprises (SMEs), HDB...
LOCATION still trumps many factors when it comes to buying a property, going by the weekend launch of two massive 99-year-leasehold projects. Thanks to its popular Queenstown location, Queens Peak at Dundee Road saw a take-up rate of 34 per cent as it sold 250 units of the available 736 units during its first launch weekend. Some 242 units were moved on the first day on Saturday, with one and...
An average of 28 grassroots leaders per year, or less than 0.1 per cent of the total number, have utilised the Ministry of National Development’s Grassroots Organisation (GRO) Scheme over the last ten years, said Minister in the Prime Minister’s Office Chan Chun Sing in Parliament on Monday (Nov 7). Under the GRO scheme, grassroots leaders with three years of continuous and active service in their...
FOR a real-estate fund manager, access to capital is crucial and this may well explain why ARA Asset Management Ltd's founder John Lim is tying up with American private-equity (PE) heavyweight Warburg Pincus to launch a takeover of the company - if the rumour holds true. Mr Lim is leading a consortium of existing shareholders in the buyout plan, according to a Wall Street Journal report citing people...
AMAZON has signed a lease for nearly 100,000 square feet at Mapletree Logistics Hub - Toh Guan in the Jurong East area, sources have told BT. This is expected to serve as a fulfilment centre for its e-commerce business as well as offices. Operations are expected to begin in two months. Mapletree Logistics Trust (MLT), the owner of the six-storey ramp-up warehouse facility, declined to comment when...
SINGAPORE is a wealthy country with an abundance of investment capital and a limited domestic investment universe. As a result, Singapore-based investors are one of the most active sources of outbound capital globally, targeting the world's most liquid real estate markets. Since the end of the Global Financial Crisis (GFC) in 2008, Singaporean investors have exported S$154.4 billion, according to data...