JTC Corporation (JTC) on Tuesday launched for sale by public tender two plots of land at Tuas. The sites at Tuas South Street 6 and 7 are launched under the Industrial Government Land Sales (IGLS) Programme. They have been zoned Business-2, which means the sites can be used for industry and warehouse purposes. Plot 26 at Tuas South Street 7 measures 1.01 hectares, while Plot 31 at Tuas South Street 6...
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Homebuyers in Singapore will likely opt for mortgage loans with shorter repayment periods. That's despite the availability of new home loans that offer up to 50-year tenors. Experts said more are taking into account their retirement age and interest costs when servicing their loans. Currently Singapore banks are offering home loans with a maximum term of 35 to 40 years with age capped at 70 to 75. UOB...
To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) have launched two residential sites at Dairy Farm Road and Punggol Way / Punggol Walk respectively for sale by public tender today. The two land parcels are launched for sale under the Confirmed List of the 2nd half 2012 (2H2012) Government Land...
The City Harvest Church (CHC) has raised its shareholding in Suntec Singapore International Convention and Exhibition Centre to 39.2 per cent. Executive pastor Aries Zulkarnain made the announcement at a service on Saturday. In 2010, the church, through its wholly-owned subsidiary, Urban Property Investments Limited acquired 20 per cent effective shareholding for an aggregate purchase price of S$43.75...
The old Serangoon bus interchange will undergo a S$3.9 million facelift. It'll house Singapore's largest Integrated Day Facility (IDF) which aims to provide better support for the elderly to age-in-place. The IDF will be ready by the second half of 2013. The old Serangoon bus interchange used to serve buses and its passengers and has been around since 1988. The old interchange has been left vacant...
Asia's largest logistic facilities provider, Global Logistic Properties (GLP), says the booming e-commerce market is helping it to weather China's economic slowdown. Online retail sales in China have doubled every year for the last five years. GLP, a unit of the Government of Singapore Investment Corporation (GIC), is on an expansion drive to provide more warehouses in Chinese cities like Chengdu,...
CapitaCommercial Trust (CCT) said on Friday that its second quarter distribution per unit (DPU) rose 7.3 per cent on-year to 2.06 cents. It is its highest quarterly DPU since 2009 and comes on the back of strong revenue from its acquisition of Twenty Anson and higher rental income from HSBC Building and Raffles City Singapore. Higher yield protection income from One George Street also contributed to the...
United Industrial Corporation (UIC) is set to launch the residential component of its V On Shenton development by the end of the month. Located along Shenton Way, the 99-year leasehold mixed development will offer 510 housing units catering to city-loving urbanites. Units include studios, one-bedders, one plus study, two-bedroom units, two plus study, three-bedders and penthouses. Only 100 to 200...
Private home prices in Singapore have been on an uptrend post-global financial crisis, with the market having risen about 55 per cent since the middle of 2009 to hit a new high. Excess liquidity in Asian markets, a lacklustre United States economy and weakening European markets - as well as local factors such as low mortgage rates, higher immigration numbers, rising affluence and decreasing household sizes...
Frasers Centrepoint Trust (FCT) has posted a 33.3 per cent on-year increase in its third quarter distribution per unit (DPU). The DPU of 2.60 Singapore cents for the April to June period is the highest the trust has ever paid out, up from 1.95 cents distributed in the same period a year ago. Net property income in the period grew 32.1 per cent on-year to S$24.6 million, up from S$18.7...