The Housing and Development Board (HDB) said the tender for the residential site at Bright Hill Drive has attracted a total of six bids. United Venture Development (UVD) placed the top bid of S$291.5 million for the 99-year leasehold site. UVD is a joint venture company of UOL and Singapore Land Limited. The top bid is about 18 per cent more than the second highest bid of S$246.8 million jointly tabled...
General
CapitaLand's serviced residence business unit, The Ascott, clinched a management contract on Tuesday for a new serviced residence in the Philippines. Scheduled to open in 2015, the 210-unit Citadines Millennium Ortigas Manila will be located in the financial district of Ortigas Centre in Metro Manila. Ascott said the new management contract will strengthen its position as the "largest international...
Even as the government shifts its focus on meeting the housing needs of second-timers, the number of such applicants has crept up - after a sharp downward trend in recent months - based on figures from the latest Build-to-Order (BTO) exercise. Application for the 4,200 units on offer closed yesterday. As at 5pm on Monday, the application rate of second-timers -- who are mostly upgraders, according to...
Despite concerns over the eurozone debt problems, Singapore saw buoyant purchase demand from investors and home buyers in the second quarter of 2012. According to DTZ Research, real estate investment rose 48 per cent quarter-on-quarter to S$6.9 billion in the second quarter, lifted by an increase in both domestic and cross border investments. Whilst government land sales (GLS) contributed to 43 per cent...
Property developers are becoming more creative with their projects. They are coming up with new designs and lifestyle themes for their developments to differentiate their projects amid the growing competition. From waterfront units to condominiums designed by renowned architects, and more recently, 'sports-themed' apartments, developers are chasing new lifestyle concepts to draw home buyers to their door...
Home buyers should consider their financial situation carefully before committing to a home loan in the market. This, according to experts who warn buyers against being swayed by new loan offerings. United Overseas Bank (UOB) drew controversy recently when it introduced a new home loan spanning 50 years, the longest available in the market - which it said is geared towards young executives. On Sunday,...
Celebrates with Singapore’s First Property Speed Dating Event to Match-Make Landlords with Potential Tenants in August eBay Classifieds Group today announced the launch of an enhanced Gumtree Singapore – Singapore’s popular classifieds portal, which promises to deliver a free, easy-to-use and effective trading environment to existing and new users. Gumtree is dedicated to bringing people together...
At least 20,000 new Housing and Development Board (HDB) flats will be built next year, said National Development Minister Khaw Boon Wan on his blog on Monday. Mr Khaw said the government has made steady progress in ramping up supply and stabilising the housing market, and it wants to keep up the momentum and help more Singaporeans own their own flats. "I expect this sustained supply to firmly stabilise...
Large flats proved to be the most popular amongst potential home buyers for HDB's latest Build-To-Order exercise. As of 5pm on Monday, each 4-room flat in Clementi received about four applications from first-time applicants. The 5-room flats in Punggol also received about four applications per unit offered from first-time applicants. Although the Special Housing Grant has been extended to 3-room flats...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Tanah Merah Kechil Road to Fragrance Group Limited and World Class Land Pte Ltd. The companies submitted the highest bid in the tender for the site at S$285.215 million. This also translates to S$676 per square foot per plot ratio (psf ppr). The tender for the residential site was launched on 20 June 2012 and...