Pulau Serangoon, commonly known as Coney Island, is expected to open to the public next year. Located off the northeastern coast of Singapore, the Urban Redevelopment Authority said under the Master Plan, a part of Coney Island is zoned for residential, sport and recreational use. As the land is not immediately required for development, a part of Coney Island will be kept as an interim park for the...
General
The new subletting quota for foreigners is likely to hit estates such as Simei, Yishun and Bukit Merah earlier than other areas. This is because a larger non-citizen crowd is employed in offices and other places of work located in these estates, according to analysts. The Housing and Development Board (HDB) announced the quota on subletting of whole flats to non-citizen subtenants some two weeks...
A land site for an executive condominium (EC) development at Canberra Drive has attracted six bids at the close of tender on Tuesday. According to the Housing and Development Board (HDB), City Developments unit Verwood Holdings and its joint venture partner TID Residential has submitted the highest bid for S$226 million. That works out to about S$350 per square foot, per plot ratio (psf ppr). The...
Orchard Hotel Shopping Arcade on Claymore Road will be undergoing renovation works and rebranded as a new family-friendly mall. In a statement, CDL Hospitality Trusts (CDLHT) said the mall will be known as Claymore Link, and will be enhancing its retail offering, with supermarket retailer Cold Storage The Fresh Food People already selected as anchor tenant. The S$25 million redevelopment is expected...
Analysts have said the collective sales of large Collective sale projects will remain challenging amid a slowing property market. Of the 13 HUDC estates that have been legally privatised so far, only five have successfully completed the en bloc deal. Braddell View is the last of 18 HUDC estates to be announced for privatisation. Analysts said that should it go through, residents will have greater...
Prices of resale non-landed private homes declined 0.7 per cent in December after falling by 0.5 per cent in November, according to the flash estimate of the NUS Singapore Residential Price Index (SRPI). The drop was led by resale homes outside the central area where prices dipped 0.9 per cent last month, after a 0.1 percent decline in November. Resale prices for private homes in the central area...
Private home prices fell in the last three months of last year in the first drop since the beginning of 2012, figures released by the Urban Redevelopment Authority (URA) today (Jan 24) showed. Prices of private residential properties dipped by 0.9 per cent in the fourth quarter of last year, greater than the 0.8 per cent drip that the URA forecast earlier this month. The last time overall prices fell...
Resale prices for HDB flats fell more than expected in last three months of 2013 when compared to flash estimates, figures released today (Jan 24) show. The Resale Price Index (RPI) fell by 1.5 per cent from 204.8 in the third quarter of last year to 201.7 in the fourth quarter. The RPI for the full year of 2013 registered a decline of 0.6 per cent, the first annual decline in eight years, since...
Keppel REIT, the second-biggest office property trust in Asia excluding Japan, is seeking buyers for its 30-storey Prudential Tower in Singapore’s financial district, Bloomberg News reported on Monday, citing two people familiar with the matter. Keppel REIT owns a 92.8 per cent stake in the tower, which was valued at S$490 million as of Dec 31 by independent valuers, according to the company’s...
Singapore's fourth quarter private home prices fell 0.9 per cent -- the first time in almost two years as the government's mortgage curbs took effect. The dip in prices was slightly more than the 0.8 per cent drop based on preliminary data announced on January 2. According to final data from the Urban Redevelopment Authority (URA), prices of private homes for the full year rose 1.1 per cent, lower...