Resale prices of non-landed private homes hit a 16-month low in April, while the resale volume last month reached its highest since October last year, according to the latest flash estimates from the Singapore Real Estate Exchange (SRX). Advance data from SRX showed that overall resale prices of non-landed private residential properties slipped by 1.7 per cent in April from the previous month -- the...
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Three malls along Orchard Road - Singapore's premier shopping belt - are planning to work together to drive greater synergy between their tenant mix. New kid on the block orchardgateway, along with 313@somerset and Orchard Central, have formed a steering committee to look at ways to boost shopper traffic - a first among competing malls in Singapore, said analysts. orchardgateway straddles both sides...
Luxury property developer KOP is perhaps best known for its Hamilton Scotts condominium, where a unit sold for as much as S$24 million. It was also responsible for developing the Montigo resorts in Bali and Batam. But the firm is changing its strategy to focus on building mixed-use entertainment centres. Amid sluggish demand in the high-end property market, KOP said it is now seeing better...
Hotels and serviced apartments are increasingly finding favour among corporate investors in Singapore, according to property consultants. Chesterton Singapore says the segment is compelling, leveraging on the growth in tourism as well as rising interest in hospitality real estate investment trusts. Mapletree Investments recently signed a deal to buy a 49-per cent stake in Oakwood Asia Pacific, with...
The Council for Estate Agencies (CEA) and the Consumers Association of Singapore (CASE) will conduct a public seminar this month on topics including buying homes in new developments, leasing property and the potential problems in real estate transactions. The last of a four-part series that began last August, the seminar on May 24 will be held at NTUC Centre, 1 Marina Boulevard from 10am to 1pm. Mr...
Robin Residences is situated in the heart of prestigious district 10. An address of unmatched convenience. A short stroll away from upcoming Stevens MRT Station, its offers swift connections to vibrant Orchard Road and the bustling Central Business DistricRobin Residences is what one would call the perfect paradox, while the development is hidden from the bustling city and it’s only a short drive away to...
The Serangoon North HUDC Estate has been privatised, clearing the path to a possible collective sale of the entire estate to private property developers. The Housing and Development Board said in a statement on Thursday the estate will be converted into a strata-titled property under the Land Titles (Strata) Act. The privatisation is initiated by residents and a requisite 75 per cent majority support...
Social media companies such as LinkedIn and Facebook are taking office space in the central business district here because they want to attract the best talent, said Mr Chris Archibold, international director and head of markets at property agency Jones Lang LaSalle in Singapore, as the tech giants displace large banks in some prime locations. Barclays, the second-largest United Kingdom bank by assets,...
Resale prices of Housing and Development Board (HDB) flats remained relatively flat last month, a flash report from the Singapore Real Estate Exchange (SRX) showed. Overall, HDB resale prices dropped slightly by 0.2 per cent in April compared to March. This decrease is driven by 3-, 4- and 5-room flats which softened by 0.2 per cent, 0.8 per cent and 0.4 per cent respectively. However, prices of...
China’s property bubble has burst and growth in Asia’s largest economy could slow sharply to less than 6 per cent this year unless the government steps in with fresh stimulus measures, economists at Nomura securities brokerage warned yesterday. “It is no longer a question of ‘if’, but rather ‘how severe’ the property market correction will be. We are convinced that the property sector has...