The Housing and Development Board (HDB) and Energy Market Authority (EMA) on Tuesday (June 3) inked a deal with Japanese technology company Panasonic to explore the feasibility of a smart home energy pilot. In a joint statement, HDB and EMA said a memorandum of understanding was signed with Panasonic on Tuesday during the World Cities Summit to conduct a year-long study to explore a suite of different...
General
ampines residents will soon have their own Town Hub as construction for the integrated community lifestyle hub began on Sunday. The Tampines Town Hub is the first of its kind in Singapore, with sporting facilities, eating places, a library, recreational facilities and clinics located under one roof. There will also be information centres and offices such as the town council. The residents...
Singapore-listed Real Estate Investment Trusts (S-REITs) have gained popularity among investors this year. Their unit prices have risen by about eight per cent year-to-date, outperforming the benchmark STI. While market watchers are upbeat about the growth prospects for REITs, they say investors should focus on good asset quality. Suntec REIT is among the top performing REITs in Singapore this year,...
The office leasing market in the central business district has seen a greater diversification in tenants over the past 12 months. Property consultants say that as financial institutions continue to rationalise their real estate costs, others such as dotcom companies are expanding in prime city locations to attract "Gen Y" talent. Unlike those in other cities, tech companies in Singapore are located...
One Raffles Place shopping mall, formerly known as OUB Centre, will reopen on Thursday (May 29) after a major refurbishment exercise, its developer said in a statement on Wednesday. Located above Raffles Place MRT station, the mall has a net lettable area of approximately 98,500 square feet spread over six levels, and a committed occupancy of more than 90 per cent. The mall’s tenants will...
An executive condominium site in Sembawang has been made available for sale under the Government Land Sales Programme, the Housing and Development Board (HDB) said Thursday (May 29). The 99-year leasehold site, located at Sembawang Avenue, will yield an estimated 620 residential units, HDB said. The tender for the site will close at 12pm on July 10. Source : Channel NewsAsia - 29 May...
For the first time since May last year, there were more than enough new units to go around for first-time buyers in the latest Build-to-Order (BTO) exercise. The drop in first-timer application rates from 1.4 in the previous exercise to 0.9 in the bidding that closed on Wednesday (May 28) suggested the backlog for BTO units among this group has been cleared, said analysts, who also noted that some of...
Residential properties in prime Singapore districts have become less popular with Indonesians investors, who are now focusing on cheaper apartments in outlying areas, real estate consultancy DTZ said on Tuesday (May 27). DTZ said fewer than one in five of homes purchased by Indonesian investors during the fourth quarter of 2013 and the first quarter of 2014 were in districts 9, 10 and 11. This is...
The Land Transport Authority (LTA) announced on Tuesday (May 27) that a new entrance will be built to connect City Hall MRT station to the redeveloped Capitol Singapore via an underpass. The entrance leads to the basement of the retail mall of the new Capitol, billed as Singapore's first luxury integrated development. In addition to the mall, it will have a hotel, residences, and a theatre. The...
The EDB said that despite a one-off “firm-specific factor” that led to what economists called a surprising decline in electronics manufacturing output, continued investment interest will support growth in the sector. EDB director of electronics Terence Gan said, in response to a TODAY query, that electronics firms had committed S$16 billion in fixed asset investments over the past three years,...