Five sites at Tuas South and Gambas Crescent have been launched for sale under the Industrial Government Land Sales (IGLS) programme on Thursday. In a joint statement, the Urban Redevelopment Authority and JTC Corporation said the launch is part of the government's continuing efforts to offer more choices for industrial development. URA and JTC said the three sites at Tuas South Street 10 each have a...
General
The Urban Redevelopment Authority (URA) will waive the processing fees for applications to carry out localised repair and maintenance works that do not alter the structure or appearance of conserved buildings. This will take effect from November 1. In a blog post, Minister for National Development Khaw Boon Wan said this would make it easier for owners to keep conserved buildings in good...
The government has released two residential sites for sale on Thursday under the 2nd half 2013 Government Land Sales Programme. These two sites can yield about 980 residential units. The Housing & Development Board launched the executive condominium site at Westwood Avenue for sale under the Confirmed List. The Urban Redevelopment Authority made the land parcel at Lorong Lew Lian available for...
New York's Museum of Modern Art (MoMa) is about to get the luxury touch, thanks to Singapore-based property developer, Pontiac Land. The company, controlled by the four Kwee brothers - whose net worth is estimated by Forbes at around US$5.3 billion - plans to invest in a 72-story luxury residential tower adjacent to the famous art museum. The 750,000 square feet building will be designed by Pritzker...
Private residential property prices rose 0.4 per cent - that is according to the flash estimate of the price index for private residential property for the third quarter 2013 released by the Urban Redevelopment Authority (URA). The private residential property index rose 0.8 points from 215.4 points in Q2 2013 to 216.2 points in Q3 2013. URA said this is a moderate increase compared to the 1.0 per...
Prices of resale private homes continued to soften in September. According to the flash estimate of the NUS Singapore Residential Price Index (SRPI), overall resale private home prices dipped 0.7 percent last month. This is compared to a 0.4 percent on-month decrease in prices in August. The SRPI showed that resale prices for private homes in the central areas fell 1.7 percent, while prices of...
With home prices in the city centre softening, analysts say many developers are likely to hold back on launching new projects for the rest of the year. Real estate consultancy CBRE estimates that there are some 2,000 units of private homes yet to be launched for sale in the core central region -- the highest compared to the city fringe and the suburban areas. Upcoming project DUO Residences in Bugis...
More measures will be taken to encourage builders to adopt gracious construction practices, which help to address environmental concerns and mitigate inconveniences to the public caused by construction works. Speaking at an industry event, Senior Minister of State for National Development and Trade and Industry Lee Yi Shyan said the Building and Construction Authority (BCA) will be enhancing its Green...
Singapore's second oldest listed company is partnering one of Asia's largest REIT managers to expand their property business. Conglomerate Straits Trading Company (STC) is acquiring a 20.1 per cent stake in ARA Asset Management (ARA) for S$294 million. Under the strategic alliance, STC will pay ARA Group CEO John Lim as well as Hong Kong-listed developer Cheung Kong Group S$294.37 million for the...
Private home prices inched up 0.4 per cent in the third quarter, a slowdown from the 1 per cent increase recorded in the preceding three months, real estate data released by the Urban Redevelopment Authority today (Oct 25) showed. Prices of non-landed properties in the Core Central Region (CCR) declined by 0.3 per cent, after the 0.2 per cent decrease in the previous quarter. In the Rest of Central...