Heron Bay, the deluxe Executive Condominium located at Upper Serangoon View, opened for sale over the weekend and some 90 per cent of the units have been snapped up. The project by Serangoon EC, a joint venture company between CNH Investment, Evia Real Estate Management, Ho Lee Group and See Hup Seng, received more than four times the number of e-applicants for its 394 units. Units in the project - which...
General
CapitaLand said yesterday its third-quarter net profit rose 85 per cent due to higher operating income and one-time gains from asset sales, mainly in its key Singapore and China markets. South-east Asia's largest property developer by market value also reiterated its confidence in those two countries, pledging new investments there while playing down the impact from slowing economic growth and recent...
The recent property cooling measures introduced in Hong Kong will not have an impact on Singapore property prices. Experts said foreign property investors are unlikely to switch their portfolio from Hong Kong to Singapore. Besides being leading international financial centres, both Singapore and Hong Kong hold some of the world's most expensive homes. Hong Kong tops the list, according to research from...
More than 80 horses at the Bukit Timah Saddle Club (BTSC) may have to be relocated if the club fails to win a public tender after its tenancy expires on December 31. The Singapore Land Authority (SLA) said it informed BTSC in May 2011 that its lease will not be automatically renewed. SLA's Private Land Operations Division Director Mr Lee Seng Lai said a public tender will be called on Tuesday for 51...
Prices reach new high but market watchers believe Govt curbs will have impact Private home prices rose at a faster pace than initially estimated to hit a new all-time high in the third quarter, boosted by the strong response to new launches last month, but analysts say the market has stabilised amid expectations the Government will impose more curbs if these are necessary to forestall the impact of hot...
The Singapore real estate investment trust (REIT) market is up about 40 per cent this year -- double the returns in major REIT markets like the US and Japan. While returns and yield spreads on Singapore REITs may be the best in the world, some analysts said the market could become over-invested In 2002, CapitaMall Trust became the first Singapore-listed REIT. A decade on, there are over 20 REITs across...
The number of private homes in Singapore purchased by mainland Chinese during the first three quarters of this year plummeted by 48 percent from the same period in 2011, reported The Business Times. According to Knight Frank’s analysis of caveats data from URA Realis, China nationals bought just 1,066 units in the first nine months, an almost 50 percent drop from the 2,046 units seen during the same...
Singapore's private home prices in the third quarter rose 0.6 per cent from the previous quarter. This is the highest rate of increase this year compared to the 0.1-per cent drop in the first quarter and the 0.4-per cent increase in the second quarter. It was also higher than the flash estimate of 0.5 per cent released earlier this month. Meanwhile, resale prices of Housing & Development Board (HDB)...
The former headquarters of Singapore's Criminal Investigation Department (CID) has attracted high bids to rent its premises. Six bids in total were received for the property's less than three-year rental lease, with the highest bid at about S$92,000 per month. The building at Eu Tong Sen street, which has been gazetted for conservation, has a monthly guide rent of some S$43,000. Possible uses for the...
A jazzed up Jurong is primed to become a hip town Its name pays homage to England's famous Lake District, whose scenic beauty has been immortalised in numerous paintings and poems. And perhaps Jurong Lake District will soon inspire its own cultural rhapsodies - this 360-ha region, after all, is in the midst of a major makeover that will transform it into Singapore's "jewel in the west", with enticing...