Singapore's total population grew by 1.6 per cent to reach 5.4 million as of June this year. That is the slowest growth rate in the past nine years, according to the latest report from the National Population and Talent Division. As the population ages and shrinks, there has only been a marginal increase in the number of Singaporeans getting married and having babies. This is despite a third round...
General
Prices for the Housing and Development Board's (HDB) new 3Gen flats in Yishun will start from S$335,000, excluding grants. Several potential home buyers and analysts Channel NewsAsia spoke with say they think this price is reasonable. The prices were announced at the HDB's latest sales launch on Thursday where 5,293 flats are on offer. It is the first time the HDB is offering 3Gen flats at its...
Real-estate developer Overseas Union Enterprise is considering setting up a commercial real estate investment trust to be listed on the main board of the Singapore Exchange (SGX), the company said yesterday. The initial portfolio of the proposed REIT is expected to include OUE Bayfront, an 18-storey office building at Collyer Quay, as well as commercial properties owned by Lippo China Resources, the...
Viva Industrial Trust plans to offer a 2014 dividend yield of about 8.8 per cent in an initial public offering that will raise as much as S$375 million in Singapore, according to people with knowledge of the matter. The trust, which will be backed by three industrial properties, kicked off its pre-marketing process yesterday and plans to list on the Singapore Exchange next month, they said. They...
New property launches in choice locations such as Bishan and Thomson have been attracting interest from home buyers, despite recent curbs on housing loans. Some analysts said this is because property prices have since softened and are now more competitive. Potential home buyers have been checking out CapitaLand's latest project in Bishan - Sky Vue - since its showflat was open for previews last...
Judging by the regularity with which property analysts have blamed the Total Debt Servicing Ratio (TDSR) framework for the recent less-than-bullish property sales, it appears that we finally have a cooling measure that actually works — notwithstanding the fact that it was never framed as one in the first place. Do we? Although the developers’ sales volume for August of 742 units was 54 per cent...
National Development Minister Khaw Boon Wan said the authorities are working to address the huge demand of two-room Build-to-Order (BTO) flats. In a blog post on Monday, Mr Khaw said the Housing and Development Board (HDB) will put up for sale all its balance two-room flats in non-mature estates from previous BTO exercises later this month. The release will add 1,100 flats to the September BTO launch...
An upcoming executive condominium (EC) project Waterwoods in Punggol will offer private lift lobbies for larger units - a feature more commonly associated with upscale apartments. Its developer Sing Holdings said the project will also be the first to include maisonettes in the EC segment. Waterwoods is Sing Holdings' first foray into the executive condominium market and the builder of mid to high-end...
Real estate consultancy Jones Lang LaSalle says it is seeing an increase in the number of Singapore investors buying properties in London. And demand out of Singapore has already eclipsed that of Hong Kong last year. In 2012, buyers from overseas purchased 54 percent of all newly built apartments sold in London, with Singaporeans making up the largest percentage of Asian buyers. The Singapore...
Singaporeans make up 74 per cent of foreign home buyers in the Nusajaya township in Johor’s Iskandar region, according to Malaysian property developer UEM Sunrise. UEM Sunrise is the master developer of the Nusajaya township. Among its flagship developments in Nusajaya are East Ledang, a garden-themed luxury residential development, and the Teega and Imperia on prime waterfront land in Puteri...