Private resale homes prices has risen for the second straight month in April. This is according to the Singapore Residential Price Index (SRPI) flash estimate published by the Institute of Real Estate Studies at the National University of Singapore. Resale home prices climbed 0.8 per cent in April, after increasing 0.4 per cent in March. Central area prices were up 1.6 per cent in April, compared to...
General
Buoyant property sales in recent months have sparked fresh concerns that another round of cooling measures may be on the cards despite the last round of measures introduced in December 2011. Experts said the appetite for home purchases in Singapore is still strong despite several rounds of cooling measures that were introduced by the government. In fact, property developers have been selling over 2,000...
The tenants of Shaw Centre has to make way for renovations to the 37-year-old building in Scotts Road once their leases expire. The revamp will not affect the offices on 14 floors of Shaw Centre. Notable tenants include Nu-Reflexology Researc, Ship Restaurant and Les Amis Group's outlets, The Canteen and Canele Patisserie Chocolaterie. The refurbishment is timely according to some tenants and...
The Urban Redevelopment Authority (URA) has released the detailed sales conditions for the hotel site at Jurong Town Hall Road today. This is the first hotel site to be made available for sale in the Jurong Lake District. The land parcel at Jurong Town Hall Road is made available for application under the Reserve List of the 1st half 2012 Government Land Sales (GLS) Programme. This first hotel site is...
Malaysians reclaimed top spot among foreigners buying Singapore properties despite the tough cooling measures introduced in December last year. They have overtaken the Chinese buyers. A report by DTZ Research revealed that Malaysians had a high of 362 transactions, marking a 28 percent share among foreign buyers due to the larger number of Malaysian PRs in the country. In the same report, it is revealed...
A man has been fined S$40,000 for pretending to be a licensed estate agent. Mr Raymond Sim Soon Leong was sentenced on May 25. He will have to serve eight weeks in jail if he cannot pay the fine. The Council for Estate Agencies (CEA) said on Monday that Sim was fined for two property transactions. Sim was charged on 20 October last year representing himself as a sales agent when he was not registered...
Hongkong Land Holdings Limited today announced that its wholly-owned subsidiary, The Hongkong Land Company, Limited, has priced US$500 million of 10-year Notes that are to be issued through its wholly-owned subsidiary, The Hongkong Land Finance (Cayman Islands) Company Limited. The Hongkong and Shanghai Banking Corporation Limited, Mitsubishi UFJ Securities International plc and Standard Chartered Bank...
The National Parks Board (NParks) announced on 26 May 2012 that they would be developing a 30km cycling loop, a nature park and two towers around the Central Catchment Nature Reserve to make nature more accessible to Singaporeans. NParks' also announced new plans to bring nature closer to people, such as infusing more biodiversity into urban spaces. These developments are part of Singapore'tos...
A record number of 24 builders will receive the BCA Green and Gracious Builder Award this year. Out of the 24 winners, 18 join the ranks for the first time and six were re-certified to higher ratings under the Green and Gracious Builders scheme. Five of the top seven winners - Hexacon Construction Pte Ltd, Ho Lee Construction Pte Ltd, Samsung C&T Corporation, Sembawang Engineers and Constructors Pte...
Novena Ville has been successfully sold in a collective sale exercise for S$131.5 million to property developer Fragrance Group. The sale price works out a land rate of S$1,730 psf per plot ratio. The land area is about 51,092 sq ft, and has a gross plot ratio (GPR) of 1.4 and an allowable height of up to four storeys. There is no development charge is payable for redevelopment. The freehold mixed-use...