If you like to have a drink or two before you return home after a hard day’s work, Clarke Quay is as good a place as any. It is great for people-watching and there are plenty of bars and restaurants to choose from. Clarke Quay has the added advantage of having its own station on the North East MRT Line (NEL). Even if you have had one too many, you can still safely return home to any condominium within...
General
When the Government introduced loan curbs via the Total Debt Servicing Ratio (TDSR) framework last June, the private housing market went into a tailspin. The repercussions — tepid sales and weak prices — were so severe, some market analysts took to describing the curbs as cooling measures. Many tend to forget that the majority of private home buyers these days are investors first rather than...
Hyflux is selling its eponymous Hyflux Innovation Centre at Bendemeer Road to Ascendas Real Estate Investment Trust (A-Reit) for S$170 million in cash and will lease the property back for 15 years, the water treatment specialist said yesterday. The deal, inked with HSBC Institutional Trust Services (Singapore) as trustee of A-Reit, will net a gain of about S$84 million over book value, rental support,...
Equity Plaza, a 28-storey office tower in Singapore's central business district (CBD), has been sold for S$550 million to a consortium led by mainboard-listed GSH Corp. Real estate consultancy CBRE, which brokered the sale, said the price works out S$2,181 per square foot (psf) based on the building's current net lettable area of about 252,135 square feet. Keppel Land was the seller of the property....
The Government on Thursday (June 26) announced the launch of three residential sites for sale this month under the first half of the Government Land Sales (GLS) Programme. The two residential sites at Fernvale Road in Sengkang and one Executive Condominium site at Choa Chu Kang Drive – which can collectively yield up to 1,700 housing units – were launched under the confirmed list, the Urban...
The Urban Redevelopment Authority (URA) and JTC have launched three sites under the Industrial Government Land Sales (IGLS) Programme, as part of the Government's efforts to offer more choices for industrial development. In a joint statement on Tuesday (June 24), the agencies said two confirmed list sites at Gambas Crescent and off Tuas South Avenue 7, and a reserve list site off Tuas South Avenue 14...
The #SaveZouk petition has garnered over 20,000 signatures as of Monday (23 June), from supporters who are hoping that the 23-year-old night spot can continue to operate at its current location at Jiak Kim Street. However, some property analysts say that having a nightspot at the site may not fully maximise its economic value. "Based on the new masterplan, where Zouk is located is meant for more...
Three more plots of State land reserved for redevelopment were opened up to the public by the Singapore Land Authority (SLA) on Tuesday (June 24). In a statement, the SLA said these lands are former schools and educational institutions reserved for redevelopment, but are now opened to the public for community use in the interim. The three playfields are: Property Address Estimated Land...
The Total Debt Servicing Ratio (TDSR) was introduced in June 2013 to ensure financial prudence among borrowers and strengthen credit underwriting practices among banks. The ratio determines how much an individual can borrow from the banks. Under it, total monthly debt payments including home and car loans cannot exceed 60 per cent of the property buyers' income. These debt payments are wide-ranging and...
The Republic has taken significant steps to remain competitive and companies that want to expand here will have sufficient space to grow, Deputy Prime Minister Teo Chee Hean said on Friday (June 20). Speaking at a luncheon that followed the annual general meeting of the Singapore International Chamber of Commerce, Mr Teo said the Government hopes to see more companies use Singapore as a base to seize...