Demand for private residential properties in Singapore rebounded in July, according to data released by the Urban Redevelopment Authority (URA). Figures showed that excluding Executive Condominiums (ECs), sales of private properties rose to 1,943 units last month, up nearly 42 per cent from June. Three out of the top four best selling projects were located in the suburban areas. They were Parc Centros...
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The Housing and Development Board (HDB) on Wednesday won the Global Superior Achievement Award for the Punggol Waterway project. The waterway was lauded for its innovation, green practices and novel technologies. The award is the highest honour conferred by the International Water Association for the most outstanding project in all categories. It is also the first time an Asian country has clinched the...
UP@Robertson Quay is set to define a new standard of riverside living in the city. It is the ideal setting for your intimate but purposeful life space. Where you have the privilege of choosing the layout that fits the lifestyle you want – to live, work and play. 70 luxurious apartments located in prestigious District 9 with selected units featuring up to 7.2m floor-to-floor heights, private timber pool...
CapitaLand said Tuesday that the group will relocate to Westgate Tower in Jurong progressively from early 2015. The group will occupy about 160,000 square feet across 11 floors of the new 20-storey prime office tower. It will also maintain a city office at Capital Tower as a flexible workspace to liaise with clients or business partners, it said. The group, which includes CapitaMalls Asia, CapitaMall...
Planning to buy your next home? Are you: concerned about the amount of CPF you can use; overwhelmed by the numerous housing loan options; or unsure if you should engage a real estate salesperson? Get the answers to your home-buying concerns by attending the ‘Buying Your Next Home' talk, held by CPF Board in collaboration with the Association of Banks in Singapore (ABS) and the Council for Estate...
Longer mortgage tenures could have adverse implications for the property market, borrowers and banks if it becomes more widespread. Deputy Prime Minister Tharman Shanmugaratnam gave the assessment in a written reply to Parliament on Monday. He added that the government will continue to closely monitor the property market. Stretching a home loan out over 50 years does translate to a lower monthly...
Singapore office rents are extending their slide as global economic uncertainty forces landlords to drop prices. Colliers International said the average monthly gross rents for central business district (CBD) Grade A space fell by 1.1 per cent quarter-on-quarter to S$8.45 per square foot in the three months ended June 2012. This follows a 4.3 per cent on-quarter drop in Q1. The price decline appears to...
Property developer Ho Bee on Tuesday said second-quarter net profit surged 44.6 per cent from the corresponding period a year earlier to S$72.9 million as revenue rose 6.7 per cent to S$147.1 million. The rise in profit was due mainly to the increase in turnover and a gain of S$17.9 million in the sale of investment property, it said. Ho Bee chairman and chief executive Chua Thian Poh said that the...
Singapore's City Developments is confident China's residential property market won't crash. And it's waiting for opportunities for hotels to get cheaper for acquisitions. City Developments is planning to launch its first residential development in Chongqing in southwest China next year, should the property market improve. Its confidence in the market is underpinned by a trust that authorities will act to...
City Developments' second quarter earnings tumbled 37.7 per cent from last year to S$137.7 million. The Singapore-listed developer noted a lack of substantial divestment gains in 2012 compared to a year earlier, and said revenue in the latest quarter was down by 19.6 per cent to S$787.7 million. From its hotels worldwide, Revenue Per Available Room (RevPAR), which is a measure of how good a hotelier is...