General

Kingsford WaterBay is situated along Upper Serangoon View, standing next to the Sungei Serangoon Reservoir. It sidevelopment is surrounded by lush acres of greenery, water features and landscapes. All units in the development will get to enjoy either the picturesque view of the serene reservoir or a stunning pool view. Exquisitely designed with resort-like features, Kingsford WaterBay is the ideal home...

A row of five adjoining shophouses at Teck Chye Terrace was sold for S$14.63 million on Thursday (Jan 22), according to marketing agent Colliers International. This is higher than the indicative price of S$13 million. The auction was conducted on Thursday and ended in the evening, but Colliers was unable to disclose the buyer's details. Located at the junction of Upper Serangoon Road and Boundary...

JTC Corporation has revised the methodology it uses to compile price and rental indices for industrial property in Singapore, in a move to provide more comprehensive data coverage and introduce greater transparency into the market. The revisions include expanding the indices’ geographical coverage to the whole of Singapore, from just the central region previously. The indices now also include new...

Faced with a sluggish property market, fewer people are getting themselves licensed as real estate agents and more are leaving the industry, according to figures from the Council for Estate Agencies (CEA). As at Jan 1, there were 30,830 real estate salespersons, or agents, down from 31,783 the year before. Of the total, 3,006 were new entrants to the industry, down from 3,336 in the previous...

Recent headlines suggest an oncoming storm - as property prices come down, speculators are clearing out the market, leaving banks holding the bag. In the case of Marina Collection in Sentosa Cove, lender UOB is suing the developer and several homebuyers after 37 out of 38 units there defaulted. Now, rising interest rates only seem to add to the gloom - since the start of the year, three-month SIBOR, a...

Businesses will get greater clarity on trends in Singapore's rental market. Starting on Thursday (Jan 22), more detailed data on rents for retail, office and industrial space will be released by the Government every quarter. The move comes on the back of calls from businesses for greater transparency in the rental market. Earlier this week, the Singapore Business Federation (SBF) introduced the Fair...

CapitaCommercial Trust (CCT) has reported a distribution per unit (DPU) of 2.15 cents for the fourth quarter of 2014. This is 2.9 per cent higher from a DPU of 2.09 cents in the same quarter a year ago. Distributable income for the quarter also rose 5.7 per cent on-year to S$63.6 million. For the full year ended Dec 31, CCT recorded a DPU of 8.46 cents, up 3.9 per cent from the previous year. CCT's...

A land parcel at Anchorvale Crescent for an executive condominium (EC) housing development attracted just three bids at the close of the tender on Tuesday (Jan 20), attesting to weaker sentiment in Singapore's housing market. Sim Lian Land submitted the top bid of S$157.8 million for the 17,450.10 square metre 99-year leasehold site, which can be used to develop an estimated 525 dwelling units, the...

The Housing and Developmental Board (HDB) may grant a third housing loan to home owners - but only in exceptional instances, and at the market rate, said Minister for National Development Khaw Boon Wan on Tuesday (Jan 21). In a Parliamentary question, MP Zainal Sapari had asked about HDB’s rationale for imposing a higher interest rate for home owners who take a third housing loan. In response, Mr Khaw...

There are regulations in place to minimise the health and environmental impact of construction on surrounding residential areas, Minister for National Development Khaw Boon Wan said on Tuesday (Jan 20). In response to a Parliamentary question from MP Zainal Sapari about safeguards that developers are required to put in place for construction sites near densely-populated residential areas, Mr Khaw...