General

Located at the junction of Sims Drive and Aljunied Road, Sims Urban Oasis is a 99-year leasehold residence representing the best in city-edge living. Its excellent connectivity means everything is close to you, including the Marina Bay, CBD, Aljunied MRT Station and more. This makes going to work, school or anywhere a breeze – convenience you enjoy everyday at this location. Encompassing a size and scale...

The Ministry of National Development (MND) said the Housing and Development Board's (HDB) net deficit will continue to be high in the next few financial years. Speaking in Parliament on Tuesday (Jan 20), National Development Minister Khaw Boon Wan said the spike in FY2013 was due to HDB's ramp-up in its flat-building and upgrading programmes. He was responding to a question by MP Foo Mee Har regarding...

A total of 202 flats were compulsorily acquired by the Housing and Development Board (HDB) between January 2012 and December 2014, Minister of State for National Development Desmond Lee said on Tuesday (Jan 20). Flats are compulsorily acquired from lessees who have committed major lease infringements such as the unauthorised subletting of flats, Mr Lee said, in response to a Parliamentary question by MP...

The Singapore Business Federation (SBF) has launched a set of guidelines to promote sound practices in the rental market. Called the Fair Tenancy Framework, it sets down key reference points to help tenants and landlords work out rental agreements under three initiatives. To work with the Government to provide rental data information for businesses. The introduction of a guide to help small...

Keppel Land is expanding its Indonesian portfolio with the acquisition of a 4.6-hectare site in West Jakarta for S$40.2 million. It plans to develop the site as a residential project for middle-income earners. Expected to be launched in phases from 2017, Keppel Land's upcoming development will comprise more than 4,000 apartment units ranging from studio apartments to three-bedroom units as well as...

The Amore EC - the last executive condominium (EC) for which HDB upgraders do not need to pay a resale levy - opened for booking on Saturday (Jan 17). The project has 378 units on offer. As of 3pm, about 70 units have been sold. Channel NewsAsia understands that buyers picked up mostly the three-bedroom units, which make up 65 per cent of units sold. Potential buyers whom Channel NewsAsia spoke to...

The tender for an industrial site at Tuas South Street 9 has been awarded to the highest tenderer, Asiaone Logistics & Warehousing Pte Ltd, at a tendered sale price of S$7,038,000. In a press release on Monday (Jan 19), JTC Corporation (JTC) said the tender for the site had attracted four bids. The site has an area of 8,369 square metres with a tenure period of 20 years and seven...

Cambridge Industrial Trust (CIT) on Friday (Jan 16) reported a 0.6 per cent on-year rise in distribution per unit (DPU) of 5.004 Singapore cents for the financial year ended Dec 31, 2014. CIT's gross revenue increased 3 per cent to S$99.3 million for the year, while net property income declined 3.2 per cent to S$77.8 million as a result of higher property expenses due to the conversion of several...

Centurion Corp, which owns and manages worker hostels in Singapore and Malaysia, is considering spinning off some of its assets via a real estate investment trust (REIT) to free up capital for expansion. In a filing with the Singapore Exchange (SGX) on Friday (Jan 16), Centurion said it is exploring a possible REIT listing with the help of Barclays, United Overseas Bank and UOB Kay Hian. Centurion,...

Demand for new private homes in Singapore fell sharply in December, according to latest data from Urban Redevelopment Authority (URA) on Thursday (Jan 15). According to the URA, developers sold 230 units of new homes last month, down 45.6 per cent from the 423 units sold in November 2014. During the month, developers launched just 53 new units for sale, excluding executive condominiums. The mass...