A museum, neighbourhood heritage corners and galleries are some initiatives Queenstown residents can expect, as part of upcoming plans to celebrate the history of their estate. This is according to the "My Queenstown Heritage Blueprint 2020", which was developed by civic group, My Community, and Queenstown Citizens' Consultative Committee (CCC). A media tour of the initiatives was organised on Wednesday...
General
With Stevens MRT station minutes’ walk away and with major road like the Bukit Timah Road and major express ways such as the CTE, residents of Hallmark Residences will enjoy the epitome of convenience of city living. All it takes is a 15 minutes’ drive or less to reach places like the Central Business District (CBD), Singapore Flyer, Marina Bay and Southern Waterfront Areas, travelling to prime...
Over the last three years, the global financial firms that dominated 60 per cent of office space in Singapore’s Central Business District (CBD) have given up 500,000 square feet (sq ft) in space. Taking their places are big names from the e-commerce, consumer products and insurance industries, according to real estate group Jones Lang LaSalle. “Ten years ago all anyone wanted was financial houses...
The number of completed but empty private homes in Singapore is rising but property watchers have said the vacancy rate is still "healthy". They expect the number to go up in the next few years, with the increase in the suburbs being the most significant. According to the Urban Redevelopment Authority (URA), the vacancy rate of completed private homes hit 7.1 per cent in the second quarter of this year...
Property group Ho Bee Land on Monday (Aug 11) reported a 54 per cent decline in second-quarter net profit to S$12.2 million from a year ago. However, group turnover for the three months rose to S$26.8 million from S$6.1 million in the same quarter last year. The company attributed the boost to higher revenue from its investment properties. Rental income from the company's industrial and commercial...
Kallang Theatre could in the near future become a venue for sports events, as Sport Singapore is taking over the management of the building from February next year. Kallang Theatre is currently being managed by arts event management company Asia Arts & Culture. Since 2011, it has been renting the premises from the Singapore Land Authority for a monthly fee of S$43,000. The lease expires on January 31...
Housing portal co-founder says there is room for further decline in prices, which have fallen only 2 to 3 per cent this year With private home prices declining a mere 2 to 3 per cent in the first six months of this year, the Government has done the right thing to maintain the property curbs for now, said chief executive and co-founder of real estate portal PropertyGuru Steve Melhuish. At the current...
The resale prices for non-landed private homes continued its downward trend in July, falling 1.3 per cent month-on-month, according to flash estimates from the Singapore Real Estate Exchange (SRX) on Monday (Aug 11). The decline represented a 21-month low since October 2012, SRX said, and the fall in prices were felt in all three regions. Prices for the Core Central Region fell the most with 4 per cent,...
Homeowners can look forward to more protection against errant contractors who fail to honour contractual agreements and unsatisfactory services. This is after the Consumers Association of Singapore (CASE) and the Singapore Renovation Contractors and Material Suppliers Association (RCMA) announced they would jointly develop a voluntary CaseTrust-RCMA accreditation scheme for the renovation...
Property giant Frasers Centrepoint (FCL) on Monday (Aug 11) reported a 60 per cent drop in fiscal third quarter net profit on-year due to a lack of fair value gains. FCL, which was spun off from Fraser & Neave earlier this year, earned S$109 million in the three months ended June, down from S$271 million in the same period a year ago. This was despite a 41 per cent rise in revenue to S$575...