The Urban Redevelopment Authority's (URA) Price Index for industrial properties is expected to register an increase of about eight per cent in the third quarter. This is according to analysts ahead of flash estimates to be released by the URA on Monday. While price increases are set to moderate, there are concerns that the uptrend in industrial property prices may spur policy changes to cool the...
General
Singaporean buyers of luxury homes so far this year have surpassed the total number of similar transactions recorded for the entire 2011, according to The Business Times. A report by DTZ revealed that 46 luxury homes were acquired by Singaporeans year-to-date, exceeding only 40 units last year. The growth was mainly credited to robust numbers in Q2, wherein 31 high-end homes were sold to Singaporeans,...
The Council for Estate Agencies (CEA) is watching over the rise of so-called “rental coordinators”, who perform similar functions to legitimate property agents, according to Straits Times. Property firms typically attract individuals who want to work as rental coordinators by offering attractive commission earnings of up to S$10,000 a month. The CEA has observed that in recent months, there have been...
The Urban Redevelopment Authority (URA) closed the tender for the industrial site at Yishun Avenue 9 (Parcel 6) today. The site at Yishun Avenue 9 was launched for public tender on 29 August 2012. It was originally on the Reserve List of the Government Industrial Land Sales Programme. URA had, on 14 August 2012, accepted a successful application for the site to be put up for sale. The site was offered for...
To provide developers and home-buyers with more choices for private housing, the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing two Executive Condominium (EC) sites and a residential site for sale in September 2012. The two EC sites at Sengkang West Way / Fernvale Link and Pasir Ris Drive 3 / Pasir Ris Rise are launched for sale under the Confirmed List today....
The Urban Redevelopment Authority yesterday said it awarded the tenders for two 99-year leasehold housing sites at Dairy Farm Road and Prince Charles Crescent to the top bidders at S$244.3 million and S$516.3 million, respectively. The Dairy Farm site has an area of 188,861 sq ft and a maximum gross floor area of 396,618 sq ft that is expected to yield about 390 homes. The top bid from First Shine...
China plans to stick to its tight property sector policies and a nationwide rebound in home prices remains unlikely, a senior official at the housing ministry said in remarks published by the state media yesterday. The comments underscore Beijing's determination to keep a lid on rising home prices - a source of social discontent - especially in the run-up to a once-a-decade leadership transition this...
More than 3,500 Singapore businesses have set up shop across the causeway in Iskandar Malaysia over the past six years, with a cumulative investment of more than RM5 billion as at June 2012. Iskandar Malaysia is a special economic zone in Johor, Malaysia that was launched in 2006. It covers an area of 2,217 square kilometers and is administered by the Iskandar Regional Development Authority, a Malaysian...
Of the 262 units released at the 99-year leasehold eCO in Bedok South Avenue 3, over 220 were snapped up on the first day of its preview, according to The Business Times. Units at the 748-unit development were selling at S$1,250 psf on average, said marketing agents. Around 95 percent of the buyers are Singaporeans and permanent residents (PRs). Those who committed to buy units on the first day were...
The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the White site at Thomson Road / Irrawaddy Road for sale by public tender. The land parcel was made available for sale through the Reserve List system on 30 November 2011. URA has received an application from a developer for the site to be put up for public tender. The developer has...