Immigration is the "wild card" in Singapore's housing demand equation, according to analysts at Credit Suisse. Singapore's low birth rate and market expectations of slow immigration growth have raised questions as to whether property prices are at risk of falling amid a record housing supply pipeline, said Credit Suisse in a research note this week. "In our view, prices are likely to stay flattish as the...
General
When real estate investment trusts (REITs) in Singapore need capital for an asset acquisition or expansion, they normally turn to the equity market to raise funds through a secondary share placement or a rights issue. For this reason, REITs have earned the reputation for asking back what they have given to shareholders. REITs are highly sought-after investments because they generate high dividends. For...
Resale prices of private non-landed homes rose strongly by 3.2 per cent in the third quarter, according to flash estimates put out by the Singapore Real Estate Exchange (SRX). SRX compiles data from 11 top property agencies in Singapore. It said non-landed private resale home prices hit a historic high of S$1,156 per square foot in Q3. This gain is led by a 2.5 per cent on-month increase in prices in...
The Urban Redevelopment Authority (URA) has launched the White site at Thomson Road / Irrawaddy Road for sale by public tender today. The land parcel was made available for sale through the Reserve List system on 30 November 2011. On 21 September 2012, URA announced that it had received an application from a developer to put up the site for tender. The developer has committed to bid at a price of not less...
The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Yishun Avenue 9 (Parcel 6) to Soilbuild Group Holdings Ltd. The company submitted the highest bid in the tender for the site at $31.688 million. Tender for the industrial site was launched on 29 August 2012 and closed on 26 September 2012. The land parcel was offered for sale on a 30-year lease term....
Demand for office space in Singapore in the third quarter was supported by companies beyond the financial services sector, with most taking up Grade A office space below 20,000 square feet, said property consultant Colliers International. Firms in sectors such as professional and legal services, insurance, commodities, energy and private equity have helped to moderate the Grade A office rental decline in...
Large flats in mature estates have proven to be the most popular among potential home buyers in HDB's latest Build-to-Order (BTO) exercise. As at 5pm, 8,776 applications have been received for 3,428 units offered, excluding studio apartments. Each four-room unit in Tampines Greenlace received about 3.3 applications from first-timers. Likewise, in Ang Mo Kio's Cheng San Court, each four-room unit had...
Property giant City Developments Limited (CDL) unveiled its new luxury hotel W Singapore - Sentosa Cove on Tuesday. Experts said the hotel, which claims to be Singapore's greenest new hotel, offers, will reinforce CDL's corporate sustainability efforts. The developer of W Singapore - Sentosa Cove said this is the first new hotel in Singapore to be awarded the Green Mark Platinum Award. The Platinum...
Notting Hill London, the private development division of Notting Hill Housing Group, one of London’s most experienced and successful housing associations, is today launching Folio, a new development located on Micawber Street in London’s vibrant City fringes, adjacent to the burgeoning government supported ‘Silicon Roundabout’ area, which is attracting technology and creative firms. Located...
Sky Green is a freehold development located at Macpherson Road, within minutes walk to Tai Seng MRT Station. It is near the upcoming Paya Lebar Central - a commercial business hub. Sky Green is also within walking distance to the stretch of restaurants located along Macpherson Road. Residents can head down to the nearby Circuit Road Market and Food Centre to purchase daily necessities. Good schools such...