SC Global’s development is conferred ‘Best Housing Project’ at The World Architecture Festival, the world’s biggest architecture award SC Global Developments' loft inspired development Martin No.38 was awarded “Best Housing Project (Completed Developments)” last Friday evening at the prestigious ‘World Architecture Festival’ held at Marina Bay Sands, in Singapore. Now in its fifth year,...
General
Visible changes have been made over the last two years to improve the standard of real estate agencies, but more changes might be on the way, experts at a National Real Estate Congress said yesterday. The Council for Estate Agencies (CEA) was set up in October 2010 to enhance regulations for the industry, which has about 1,500 agencies and 32,000 licensed agents. The statutory board provides regulatory...
The current low interest rate environment has led to a trend of home buyers refinancing their loans to take advantage of promotional rates. Most analysts agree that it may no longer be attractive for investors with longer loan terms to do so, given the 35-year cap on new home loans. Most home buyers refinance their mortgages in the third or fourth year of their loan repayment period. This as interest...
A real estate investment trust backed by Hong Kong tycoon Li Ka-shing announced Wednesday it hopes to raise around US$800 million in a yuan-denominated initial public offering in Singapore. The offer by Dynasty REIT will be the first yuan-denominated flotation in the affluent city-state and the second outside mainland China. Dynasty REIT, which is sponsored by real estate fund manager ARA Asset...
Singapore's Fraser and Neave has received an unsolicited cash offer from an unidentified party for its serviced-residence and hospitality business. The conglomerate said the S$1.4 billion (US$1.1 billion) offer is unrelated to any director or substantial shareholder of F&N. Last month, TCC Assets, which is linked to Thai Beverage, offered S$8.88 a share for the entire F&N business, valuing the...
The Republic's real-estate investment trusts (REITs) could be a better bet in the coming months for investors looking for exposure to the property sector but are nervous about the possibility of more cooling measures, according to some analysts. "In view of the impact of cooling measures, we believe investors will remain defensive with stock picks towards the year-end. That's why for the fourth quarter,...
Katong Park Towers, a 99-year leasehold condominium in Arthur Road, has been put up for collective sale with an indicative price range of S$330 million to S$340 million, sole marketing agent DTZ Debenham Tie Leung said yesterday. According to the Master Plan 2008, the 140,758 sq ft site has a plot ratio of 2.1 and can be developed into a 24-storey condominium project with a maximum gross floor area of...
Rentals for private homes are expected to ease in the next 12 months, especially those in the luxury segment. Experts said current rentals for private homes are just 1 per cent off the peak recorded in the second quarter of 2008. It used to take about a month to secure a tenant for private homes in the rental market last year. Now, it takes about three to four months, according to analysts. While...
A land parcel at Woodlands Avenue 6/Woodlands Drive 16 for executive condominium (EC) development has attracted a total of five bids at the close of tender. The top bid was jointly placed by Fraser Centrepoint's unit - Opal Star and Lum Chang's Binjai Holdings for about S$150.2 million, or about S$302 per square foot per plot ratio (psf ppr). According to the Housing and Development Board, the top bid...
Singapore's property giant CapitaLand Group has appointed a new president and chief executive officer (CEO). Mr Lim Ming Yan will take over from Mr Liew Mun Leong on 1 January 2013 and will also be appointed as director of CapitaLand. Mr Lim, 49, is currently CapitaLand's chief operating officer (COO), a position he has held since 6 May 2011. He is also the deputy chairman of CapitaLand China executive...