Bay South Garden, a section of the waterfront gardens in the new Downtown @ Marina Bay, will open on June 29. It is the largest of the three gardens that make up Gardens By The Bay, Singapore's new green oasis in the city. Bay South features the two cooled conservatories, and the 18 "supertrees". The man-made, tree-like structures tower at between 25 and 50 metres tall. Visitors can look forward to...
General
Prices of HDB resale flats saw nearly flat growth in the first three months of the year, inching up just 0.6 percent over the fourth quarter of 2011. The flash estimate released by the Housing and Development Board (HDB) is less than half the growth seen in the previous quarter. Flash estimates of the resale price index, which provides information on the general price movements in the public residential...
Bartley Grove Apartment, together with three adjoining terrace houses at Bartley Road have been sold for S$74.1 million to a subsidiary of Singapore-listed Top Global. Located in District 19, the combined freehold site has a land area of 65,305 sq ft with a gross plot ratio of 1.4 and an allowable height of up to five storeys. Marketing agents Credo Real Estate said the sale price translates to a unit...
HDB resale prices rose in the first quarter of 2012, while private homes prices fell for the first time since 2009. HDB flash estimates showed an increase of 0.6 per cent in the January-March 2012, the smallest rise in resale prices since the third quarter of 2006. The increase was also lower than the 1.7 per cent gain registered in the fourth quarter of 2011. Separately, an estimate by the Urban...
Whether you are a first-time home-buyer or are looking into investing in a property, securing the right housing loan package to suit your financial need is of utmost importance. In Singapore, the major banks offer highly competitive housing loan interest rates and packages. Understanding the differences between these packages and their impact on your financial commitment will help you decide on the most...
The high sales volume of new private homes seen in the first quarter of 2012 is not likely to be sustainable, according to real estate consultancy CBRE. In the first three months of 2012, CBRE expects 5,200 units of new private homes to change hands, the second highest since the 5,578 units sold in Q3 2009. The strong demand is primarily driven by a large supply of new units in the market, high liquidity...
The Republic has been ranked the fifth most important city in the world - up two notches from its previous ranking - by high-net-worth individuals (HNWIs), according to The Wealth Report 2012 by Citi Private Bank and property consultancy Knight Frank. London took top spot in the ranking, followed by New York, Hong Kong and Paris. The survey assesses the importance of key cities to HNWIs based on the...
A tiger sanctuary in the Rail Corridor - that's one of 18 winning ideas on the future use of the former KTM railway land. Another winning entry, titled TransFARMation, proposes turning the space into a series of family farms. It impressed the judges with its ideas on ways to bring communities together. Entries in the "Journey of Possibilities" competition were assessed on how they responded to challenges...
Former head of civil service Peter Ho will take over as chairman of the Urban Redevelopment Authority on Sunday. He will take over from Mr Alan Chan, who will step down on Saturday when his term ends. Mr Ho is currently a senior advisor to the Centre for Strategic Futures and senior fellow at the Civil Service College. He retired from the Administrative Service in 2010 after 34 years, including 15 years...
Every month, when the National University of Singapore (NUS) releases flash estimates for its Singapore Residential Price Index (SRPI), there will always be at least one reporter who will be feeling perplexed as to how he or she should read the indices. Are property prices heading upwards, downwards or trudging sideways? Compared to the Urban Redevelopment Authority's (URA) quarterly price index, the SRPI...