General

With an unparalleled location in the heart of Prime District 10, Royalgreen is a rare collection of 285 exquisite homes in a low-rise, low-density setting. A thoughtfully curated suite of facilities, including a 50 metre lap pool and a rooftop tennis court, lets residents relax while enjoying the lush, tranquil surroundings. 2 to 4-bedroom unit types with practical layouts add to the overall quality of...

NUS Director of the Institute of Real Estate and Urban Studies Sing Tien Foo gives his take on the effects of the new housing grant and higher income ceilings. Public housing has played an important role in building a social compact that holds Singapore’s society together. More than 78.7 per cent of resident households in Singapore live in flats built by the Housing and Development Board (HDB) in...

The coworking business is here to stay notwithstanding the recent woes of coworking giant WeWork that has forced it to pull the plug on an initial public offering, according to separate reports from Jefferies and DBS. A Credit Suisse report earlier this week said poor sentiment on the company could further damp demand for coworking spaces amid slowing gross domestic product growth, hurting office Reits...

The e-commerce and logistics sector accounted for 44 per cent - the biggest chunk - of occupied warehouse space in Singapore, according to a Colliers International report on Thursday. The third-party logistics (3PL) and logistics sector comprise e-commerce firms, freight forwarders, transport agents, supply chain and logistics support companies, delivery services and storage services. Other warehouse...

Fewer Housing Board (HDB) resale flats were sold in September compared with the previous month, and their prices fell. In all, 1,875 such flats changed hands, a 4.9 per cent fall from the figure in August, real estate portal SRX Property said on Thursday when releasing its preliminary figures. Compared with a year ago, last month's decline was 6.3 per cent. Four-room flats made up 39.6 per cent of...

Concerns about co-working giant WeWork may amplify the negative impact of a weakening economy on Singapore's commercial real estate investment trusts (Reits), according to Credit Suisse Group. Poor sentiment on the company could further damp demand for co-working spaces amid slowing gross domestic product growth, hurting office Reits, analysts led by Nicholas Teh wrote in a report. "Office Reits have...

Two straight quarters of increases in the overall private home price index of the Urban Redevelopment Authority (URA) have sparked a debate on whether this might prompt the authorities to respond with more measures to cool down the property market. Barclays' regional economist Brian Tan thinks the risk of more cooling measures has risen to "a relatively high level", and that the government could act...

Keppel Reit has sold Bugis Junction Towers to Village Prop Pte Ltd for S$547.5 million or S$2,200 per square foot, S$388 million more than the S$159.5 million the property was acquired for in 2006. The Business Times understands the main buyer is a fund managed by Angelo Gordon, a US-headquartered global alternative investment manager. Alongside the fund, Singapore-based property investment manager...

Private home prices in Singapore rose for the second consecutive quarter, with apartments in the central region proving most popular with buyers. The private residential property index increased 0.9 per cent to 152.2 points in the third quarter, data from the Urban Redevelopment Authority (URA) showed on Tuesday (Oct 1). Private home prices had fallen 0.7 per cent in the first quarter and 0.1 per...

Midtown Bay - the residential component of Guoco Midtown integrated development that is set to rejuvenate the Beach Road district. It will provide a new epicentre for this side of Singapore’s Central Business District (CBD). Nestled within the City Hall office micromarket, Guoco Midtown will be the final critical piece of jigsaw that completes the transformation of the area. The development has a total...