Kismis Lodge, a freehold site located off Toh Tuck Road, is up for collective sale. This is the second time the site is being put up for sale. According to its marketing agent Jones Lang LaSalle, the 70,283 square feet site is zoned for a "3-storey mixed landed" development. The site can be redeveloped to yield up to 43 strata terraces or a combination of conventional and strata landed homes, subject to...
General
Property developer Hao Yuan Investment has admitted that the botched proposed sale of its Forestville executive condominium (EC) was due to "some technical issue." In a statement on Wednesday, Hao Yuan said it acknowledged that "there were some technical issues with regards to Forestville Executive Condominium." It added that its "architects are working closely with the relevant authorities to resolve...
NTUC Income will be acquiring a further 51 per cent stake in 16 Collyer Quay from Goldman Sachs to fully own the prime office building. In a statement, the Singapore insurer said the acquisition values the 37-storey, 999-year leasehold building formerly known as Hitachi Tower, at around S$660 million. This works out to less than S$2,400 per square foot on a net lettable space of over 278,000 square...
Prices of new private homes in Singapore rose to a new record in the fourth quarter of 2012. This comes on the back of rising demand for private homes in the sub-urban areas. Preliminary data from the Urban Redevelopment Authority (URA) showed a 1.8 per cent quarter-on-quarter increase to a record 211.9 points in the fourth-quarter period from the previous quarter. But prices increased by about 2.8 per...
Resale prices for HDB flats reached another record high in the fourth quarter of 2012. Flash estimates showed HDB's Resale Price Index rose by 2.5 per cent over the previous quarter. This is the largest growth for 2012 and since the third quarter of 2011, where growth was 3.8 per cent. This brings the total growth for last year to 6.6 per cent, down from the double digit growth of 10.7 per cent in 2011,...
Singapore's economy grew 1.2 percent this year, hurt by weak US, European and Japanese economies, said Prime Minister Lee Hsien Loong in his New Year message on Monday. "Next year we expect to grow by 1-3 percent. In our new phase, we must expect slower growth than we have become accustomed to," he added. Mr Lee said Singapore has made steady progress in 2012 by improving Singaporeans' lives and...
Prices of completed non-landed private homes surged 1.9 per cent last month from the previous month, accelerating sharply from October's 0.8-per-cent rise, according to the advance estimates of the Singapore Residential Price Index (SRPI) released yesterday. According to the SRPI, developed by the National University of Singapore's Institute of Real Estate Studies, homes in the Central region led gains...
Iskandar Malaysia was launched in November 2006 with the aim of developing the southern Johor region into a strong and sustainable metropolis of international standing. With a total area of 2,217 sq km, the region will have five flagship zones including the Johor Baru City Centre, Nusajaya and Senai-Skudai, and will incorporate work, live and play elements. A number of key projects have been planned to...
The Urban Redevelopment Authority (URA) has released detailed sales conditions for an industrial site at Woodlands Avenue 12. URA said in a statement on Friday that the land parcel is released for sale under the Reserve List of the second half of this 2012's Government Industrial Land Sales programme. The 30-year leasehold plot has a site area of about 3.9 hectares and a maximum permissible gross plot...
It has been a record year on the housing front, with a bumper crop of 27,000 Build-to-Order (BTO) flats launched in 2012, 2,000 more than originally planned. This brings the total number of flats launched in the past two years to more than 52,000. The increase in the number of flats has helped meet the demands of many first-time home buyers. The overall first-time application rate through the year has...