About two weeks ago, property analysts at Credit Suisse released their findings of a survey it conducted to obtain a clearer picture of buyer behaviour given the strong sales at private residential project launches this year. It said its sample of 300 households had a profile that matched the Singapore population "quite accurately", with 80 per cent living in public housing and with close to 9 in 10...
General
The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the residential site at Prince Charles Crescent for sale by public tender. The land parcel was made available for sale through the Reserve List system on 15 May 2012. URA received an application from a developer for the site to be put up for public tender. The developer committed to bid...
The Urban Redevelopment Authority (URA) has launched the residential site at Farrer Road and another residential with 1st storey commercial site at Tai Thong Crescent for sale by public tender today. The sites were made available for sale through the Reserve List system on 30 Apr 2012 and 15 May 2012, respectively. On 11 July 2012, URA announced that it had received an application from a developer to put...
Statistics from the Urban Redevelopment Authority (URA) show that the total transaction value of residential en-bloc properties for the first half of this year has plunged by 80 per cent compared to the same period last year. And there were fewer en-bloc property transactions. Real estate analysts believe that this is due to the global economic slowdown, and the government cooling measures introduced...
The Urban Redevelopment Authority (URA) released today the real estate statistics for 2nd Quarter 2012. Prices of private residential properties increased by 0.4% in 2nd Quarter 2012, compared to the 0.1% decrease in the previous quarter. Prices of non-landed properties in Core Central Region (CCR) and Rest of Central Region (RCR) increased by 0.6% and 0.4% respectively in 2nd Quarter 2012, compared to...
The Housing and Development Board's (HDB) Resale Price Index (RPI) in the second quarter of this year is 194, an increase of 1.3 per cent over the previous quarter when it was 191.6. According to data released by HDB, there were 7,000 resale transactions in the second quarter, an increase of 19 per cent compared to the first quarter when there were 5,900 cases. Also released - data on Median Resale...
Developers and building owners can expect more funding from the Building and Construction Authority (BCA) to improve the energy efficiency of their buildings. Under the enhanced Green Mark Incentive Scheme for Existing Buildings, BCA will co-fund up to 50 per cent or S$3 million of the cost of building projects. This includes the purchase of energy-efficient equipment, such as chillers and LED lightings,...
Shopping mall developer CapitaMalls Asia has posted S$232 million in net profit for the second quarter of the year, up 40.7 per cent from the same period last year. CapitaMalls Asia attributed the rise in net profit to portfolio gains from its injection of two of its China assets into a private fund, as well as contributions from newly-acquired properties in Japan and China. Group revenue for the three...
Mapletree Logistics Trust Management (MLTM) has appointed Ms Ng Kiat as its new chief executive officer (CEO) with immediate effect. She replaces Mr Richard Lai, who has resigned from MLTM due to personal reasons. Mr Lai will be on leave until his last day of service on August 25. Prior to the appointment, Ms Ng was the chief investment officer, Southeast Asia at Mapletree Investments Pte Ltd. She...
Monthly rentals of luxury apartments fell 0.8 percent in Q2 this year due to tighter immigration rules, noted Colliers International Research. The consultancy stated that stricter immigration controls affected spill-over leasing demand from foreigners who cancelled or postponed their buying decisions due to the additional buyer’s stamp duty (ABSD). “Coupled with the seasonal summer break lull, the...