As retail players in the Republic recalibrate their strategies to stay afloat amid turbulent times, more clarity from the Government over property cooling measures is needed, said Mr Terry O’Connor, CEO of mainboard-listed electrical, IT and furniture retailer Courts Asia. “We need some certainty in terms of what the policies are going to be and hope to see some long-term direction in the...
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CAPITALAND announced on Wednesday the setting up of a venture fund, C31 Ventures, to tap global tech startups as part of its ongoing effort to innovate and build real estate of the future. The Singapore-listed real estate group said it is prepared to eventually invest up to S$100 million as it seeks compelling investment opportunities beyond Singapore. C31 Ventures targets startup companies that fit...
SOILBUILD Business Space Real Estate Investment Trust, or Soilbuild Reit, said its manager is proposing to buy an industrial property at 2 Bukit Batok Street 23 for S$100.5 million. At the same time, Soilbuild plans to enter into a master lease arrangement with the seller of the property, SB Westview Investment, which is a subsidiary of sponsor Soilbuild Group Holdings. The lease is for seven years....
RESALE prices of non-landed private homes in Singapore rose 0.4 per cent in May 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday. This follows a revised 0.6 per cent month-on-month gain for April 2016 - which was slightly higher than the 0.5 per cent rise that SRX Property had indicated earlier based on its flash estimates for April. Giving a...
Wing Tai has sold another apartment at its freehold Le Nouvel Ardmore condominium. The seventh floor unit is being sold for S$21 million, which works out to S$4,006 per square foot based on the strata area of 5,242 sq ft (inclusive of 280 sq ft of strata void area). The buyer is believed to be Trihatma Kusuma Haliman, who controls Indonesian property group Agung Podomoro Land, which has been making...
The resale prices for non-landed private residential flats inched up in May, with resale volume also increasing, according to estimates released by SRX Property on Thursday (Jun 9). On a month-on-month basis, resale prices were up 0.4 per cent last month. Compared to a year ago, prices increased by 0.2 per cent. In individual sectors, the Core Central Region and Rest of Central Region posted a...
The resale prices of Housing and Development Board (HDB) flats inched up in May, but resale volume remained flat, according to estimates released by SRX Property on Thursday (Jun 9). On a month-on-month basis, HDB resale prices were up 0.2 per cent last month. Compared to a year ago, prices remained flat. Resale prices of three-room and five-room flats rose by 0.7 per cent, while prices of executive...
Frasers Logistics and Industrial Trust is set to raise about S$903 million ($666 million) after pricing its Singapore initial public offering at the top of its indicative range in the country's biggest new listing in three years. The real estate investment trust (REIT) said in a filing on Friday (Jun 10) that it is selling 521.7 million units - priced at 89 cents apiece - to institutions and retail...
The British government is expected to relaunch two freehold Nassim Road Good Class Bungalow (GCB) plots carved out from part of the garden land at the British High Commissioner's residence, Eden Hall. This comes after bids during the initial tender that closed in January - when sentiment slumped during the stock market rout - did not meet the guide price. BT understands that the guide price has also...
LAND for private housing including executive condominiums (ECs) that will be offered by the government in the second half of the year is slightly more than in the first half. This is mainly due to a 39.1 per cent rise in the confirmed list supply to 2,170 homes (no ECs), from 1,560 (635 ECs) in H1. Putting things in perspective, National Development Minister Lawrence Wong said in a blog post that the...