As the housing market moves into the peak rental season, the Core Central Region (CCR) continues to struggle to regain the rents it commanded before the global financial crisis. According to the Singapore Real Estate Exchange’s (SRX) Rental Price Index for non-landed private homes, rents in the CCR are now down 1.9 per cent from their pre-crisis peak. The CCR consists of the city centre including...
General
The second phase of the iconic Battersea Power Station redevelopment in London is being marketed at more than twice its Phase 1 price, Malaysia’s The Star daily reported, with its Malaysian owners pulling out all the stops for the landmark site in the British capital. Launched in London yesterday, the 254 units in Phase 2 are priced at an average of £2,300 (S$4,870) per sq ft (psf), compared with...
The Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) have released a commercial and residential site, and a residential site respectively for sale under the Government Land Sales (GLS) Programme. Together, the two sites can yield about 1,300 residential units. The commercial and residential site at Meyappa Chettiar Road, launched for sale under the Confirmed List, is...
A residential site at Sims Drive attracted only four bids at the close of a Housing & Development Board (HDB) tender on Tuesday. First Changi Development, a unit of Guocoland, submitted the highest bid of S$530.9 million for the 23,900.1-square-metre site. The price translates to S$687.9 per square foot per plot ratio (psf ppr). The second highest bid came from a consortium comprising Verwood...
Mapletree Investments and California-based Oakwood Worldwide have signed a multibillion-dollar deal to acquire and develop serviced apartments. Under the deal, Mapletree will acquire a 49 per cent stake in Oakwood Asia Pacific -- the United States firm's serviced apartment business in Asia -- for an undisclosed amount. The joint venture then aims to acquire and develop some US$4 billion (S$5 billion)...
Three sites have been launched for industrial development, under the first half of 2014 Industrial Government Land Sales (IGLS) Programme. Located at Woodlands Avenue 12, a 3.9 ha site released by the Urban Redevelopment Authority (URA) has been zoned for Business-1 development and has a 30-year tenure and a maximum permissible gross plot ratio of 2.5. A second site, at 8,922 sq m, has been released...
The pleasures of life are maximised to the limit at 26 Newton. The 26-storey skyscraper consists of 180 units ranging from 1,2 and 2 + 1 - bedroom to duplex penthouse. Situated at Prime District 11, convenience is not a privilege, but a way of life. In proximity are Orchard Road, CBD and Integrated Resorts. Newton and Novena MRT stations, shopping malls, Newton Food Centre and expressways are within...
Resale prices of completed non-landed private homes continued to fall last month, according to Singapore Residential Price Index (SRPI) flash estimates released on Monday, with declines registered across the board. The SRPI, compiled by the National University of Singapore’s (NUS) Institute of Real Estate Studies, showed overall prices decreased by 1.1 per cent last month from the month earlier,...
There was no last-minute reprieve for the private housing market in Singapore in the first three months of the year, with finalised data from the Urban Redevelopment Authority (URA) confirming that the price decline had picked up pace amid persistently weak sentiment. Private home prices slipped 1.3 per cent in the first quarter of the year from the previous three months, unchanged from the preliminary...
Some are giving big discounts, while others are going on marketing blitzes -- property developers are pulling out all the stops to boost sales which have been hit by cooling measures. Statistics from the Urban Redevelopment Authority (URA) on Friday showed a 1.3 per cent decline in prices in the first quarter of this year. It is the largest drop since the second quarter of 2009, when prices fell by 4.7...