Singapore’s key mortgage benchmark jumped to a seven-year high on Monday (Sep 14), ahead of a Federal Reserve meeting later this week that could mark the start of US interest rate hikes. The three-month Singapore Interbank Offered Rate (Sibor) rose 5.2 per cent to 1.13100 per cent, up from 1.07483 per cent on Thursday, according to latest data from the Association of Banks in Singapore. Monday’s...
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Singapore-listed hotel landlord CDL Hospitality Trusts has made its first foray into the UK with the purchase of a 198-room hotel in Cambridge for £62.5 million (S$135.3 million). Announcing this in a statement on Wednesday (Sep 9), CDL Hospitality said the acquisition is its first in Europe and marks a diversification of its portfolio from the Asia-Pacific region. "The hospitality outlook for UK...
CapitaLand's new office development in the Central Business District, CapitaGreen, officially opened on Wednesday (Sep 9), after the 40-storey premium Grade A office building was completed in December last year. With a focus on sustainable development, CapitaGreen has features such as a green facade covered by living plants, and a rooftop wind scoop, which contributes to cooling the building naturally....
Much has been done in the area of housing, but it remains a “work-in-progress” in the face of changing demographics, said National Development Minister Khaw Boon Wan, who on Monday night (Sep 7) reminded voters that this General Election (GE) is like buying a new house — too important to leave to chance. Speaking at a People’s Action Party (PAP) rally for Sembawang Group Representation...
The resale volume of non-landed private residential units was up 16 per cent year-on-year in August, with 466 units resold, according to latest data from SRX Property released on Tuesday (Sep 8). However, compared to the previous month, resale volume declined 16.8 per cent from the 560 units resold in July. Resale prices inched up 0.2 per cent from July, driven by units in the Rest of Central Region,...
The resale volume of Housing and Development Board (HDB) flats slipped again in August after registering a decline in July, SRX Property said on Thursday (Sep 3). A total of 1,447 HDB resale flats were sold last month, down 6.8 per cent from the 1,552 transacted units in July. However, compared to a year ago, resale volume was up 9 per cent, according to SRX Property's flash estimates. Resale prices...
The city revolves around you at City Gate; where the CBD and its attractions at Beach Road/ Ophir-Rochor areas are brought right up to your doorstep. This is the ultimate lifestyle of convenience that you’ve always desired. Live above it all in a 30-storey iconic mixed development, away from the daily rush; where 311 exclusive apartments elevate you to a tranquil sanctuary. Bring your senses to higher...
The Prospex, a nine-storey commercial building in Bugis, has been put up for sale by private real estate investment firm Pamfleet Group with an asking price of S$80 million or S$1,913 per square foot (psf) of gross floor area. The move to sell the entire building through an expression of interest (EOI) rather than to stick to the original plan of selling strata units came amid recent sluggish office...
Shunfu Ville, a 358-unit residential sale in the Bishan-Thomson area, has been launched for collective sale by tender, marketing agent JLL announced on Wednesday (Sep 2). The Shunfu Road estate comprises three 16-storey apartment blocks and three low-rise blocks of 6-storey maisonettes. It was built in the late 1980s by the former Housing and Urban Development Company (HUDC) and was privatised in...
There will be a new benchmarking scheme, called Green Mark 2015, for non-residential buildings, and this will have an expanded focus to "address sustainability in a more balanced and holistic manner", said the Building and Construction Authority (BCA) on Wednesday (Sep 2). The Green Mark 2015 has been structured into four main sections: Climactic response; building energy performance; resource...