Luxury property developer Ho Bee Group is not ruling out launching a real estate investment trust (REIT) in the next two years. These are for its commercial properties, including its latest mixed development The Metropolis. Ho Bee's chairman Chua Thian Poh said this on Thursday on the sidelines of the ceremony to mark the completion of structural works for The Metropolis. Even before the two towers are...
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Property developer Overseas Union Enterprise (OUE) is exploring the establishment of a real estate investment trust (REIT) on the mainboard of the Singapore Exchange (SGX). In a filing with the SGX on Thursday, OUE confirmed that it is in "preliminary discussions" with banks. But the property developer added that details such as the properties to be injected into the REIT, the pipeline assets of the...
The Housing and Development Board (HDB) has launched four Build-To-Order (BTO) projects, offering 3,898 new flats. They are in three non-mature towns - Bukit Batok, Punggol and Sengkang. HDB said on Thursday that a wide variety of flats are being offered. On the whole, it will launch a total of 25,000 BTO flats in 2013. In the latest launch on Thursday, first-time buyers will continue to get priority...
Hillview Peak Condominium - located nearby lush greenery including the Bukit Timah Nature Reserve, Dairy Farm Nature Park, Hindhede Nature Parks and Bukit Batok Town Parks. It is a 5 mins walk to future Hillview MRT and is well connected to major expressways. Hillview Peak will be within walking distance to HillV2, a 2-Storey 55,000 sq ft lifestyle and retail mall. It will offer a unique retail mix of...
Proposals to further raise standards in the real estate industry and better protect consumers are being finalised. The Council of Estate Agencies (CEA) is working with the industry to strengthen regulations and disciplinary powers. It is reviewing the Estate Agents Regulations, as well as the Ethics & Professional Client Care. The issues being looked into include dual representation, ways to avoid...
A commercial building at Middle Road has been put up for collective sale by tender. The building known as Bright Chambers has an indicative price tag of between S$45 million and S$50 million. The 9-storey building has 8 units with a total strata area of 34,972 square feet. Exclusive agent for the deal Jones Lang LaSalle says the site has a land area of 5,263 square feet. The building is located next to...
Real estate investment trusts (Reits) have become an investment darling in Singapore giving investors attractive returns. But for retailers, Reits are causing them to cough out more in rents. This is because Reits act mainly to boost returns for their shareholders. President of the Singapore Retailers Association (SRA), Jannie Chan, says the higher rentals are adding to the woes in the retail sector...
The number of hotel rooms in Singapore is expected is to grow by more than 20 percent to about 53,000 rooms by 2015. This is according to a research report by property consultancy Knight Frank. It says mid-tier hotels like Dorsett Regency Hotel, Ramada Singapore, and Changi Cove Hotel, will form almost half of the total future supply. With an influx of new rooms in the market over the next two years,...
Bartley Ridge is located within the developed Serangoon residential estate, just 15 to 20 minutes drive away from central of Singapore with connections of major expressway – CTE, PIE and KPE. Residents can drive to their working area in a short period of time. Bartley Ridge is also just 5 minutes walking distance away from Bartley MRT Station. With the convenient of Bartley MRT Station, residents can...
Singapore's prime shopping belt Orchard Road is set to welcome a new mall, Orchard Gateway, around November this year. Its marketing agent Savills said 80 per cent of the retail space has already been pre-committed. And there will be a few new-to-market brands that will appeal to fashion-forward shoppers. The mixed-development straddles both sides of Orchard Road and has 172,000 square feet of net...