PRICES and rentals of industrial space in Singapore continue to fall in tandem with occupancy rates, while vacancy rates edge upward, a report has found. Prices for overall industrial property market in the second quarter fell 6.5 per cent year on year and 2.3 per cent quarter on quarter, JTC Corporation's latest statistics released on Thursday show. Industrial rents fell 6.1 per cent year on year...
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PRICES of completed private apartments and condominiums in Singapore appreciated in June 2016 over the preceding month - contrasting with the month-on-month decline posted in May this year. National University of Singapore's (NUS) June flash estimate for its Overall Singapore Residential Price Index (SRPI) released on Thursday reflects a 0.6 per cent month-on-month (m-o-m) increase - contrasting with a...
The idea of a smart home brings to mind Marvel's Tony Stark and his "smart home" controlled by his trusty computer sidekick, Jarvis. Keppel Land partners software developer Philip Tang & Sons to offer residents of Corals at Keppel Bay their own miniature version of Jarvis - an integrated smart home app called Habitap. Homeowners of the development, which has sold about 56 per cent of its units for...
THE property cooling measures will remain, the Monetary Authority of Singapore (MAS) said on Monday, noting risks of a renewed surge in property prices in this lower-for-longer-rates environment that keeps investors on the hunt for yield. At a press briefing, MAS managing director Ravi Menon said property prices have adjusted "only modestly" after a run-up that was stronger than that of income...
JTC has offered for sale a Confirmed List site at Tampines Industrial Drive (Plot 3) under the second-half 2016 Industrial Government Land Sales programme. The launch of the 0.49-ha site is part of the Singapore government's efforts to offer more choices for industrial development, JTC said in a release on Tuesday. The 20-year-tenure site is zoned for Business-2 development and has a maximum...
IN what MCL Land chief executive officer Koh Teck Chuan described as “overwhelming demand”, the developer sold 436 units or 61 per cent of its Jurong West condo, Lake Grande, during its launch weekend. “We initially released 350 units out of the 710 units in the project but due to overwhelming demand, we released another 150 units,” he said. The average transacted price was S$1,368 per square...
British landlords are unsure or concerned about the consequences of Brexit for the private rental sector, according to research consultancy BDRC Continental. In a post-referendum survey of landlords published on Friday, 40 per cent said they think the vote to leave the European Union will have a negative effect on the sector and a quarter said they were uncertain what the impact would be. In a separate...
Let grandeur inspire your lifestyle. Feel the heartbeat of this city on streets lined by high-end boutiques and an array of dining options that will leave one spoilt for choice. Bask in the comfort of your own home when you seek tranquillity and rejuvenate your spirit with a stroll among the natural lush landscape at your residence. At Lloyd SixtyFive, elevated glamour and distinction are easily within...
Funan DigitaLife Mall, which closed this July, will undergo three years of redevelopment works, according to CapitaLand Mall Trust Management on Friday (Jul 22). This is to enhance the site's attractiveness as a lifestyle destination in the revitalised Civic and Cultural District in Singapore, according to its press release. Slated to be completed in the fourth quarter of 2019, the new integrated...
The prices for private residential properties decreased by 0.4 per cent in the second quarter of this year, compared to the 0.7 per cent decline in the previous quarter, according to figures released by the Urban Redevelopment Authority (URA) on Friday (Jul 22). The prices of landed properties declined by 1.5 per cent, compared to the 1.1 per cent decline in the previous quarter, while non-landed...