Property developer Hong Leong Holdings Limited will release new homes at Bartley Residences, after all 240 units launched during Phase One were snapped up over a period of three weeks. Betsy Chng, Head of Sales & Marketing at Hong Leong, said that the majority of buyers were attracted by the prime location of the project, which is next to Bartley MRT station, reputable schools and major townships like...
General
Shoebox units may be small, but for those who need an even smaller space, utility rooms and bomb shelters are being rented out. Some homeowners have resorted to renting out the smallest rooms in their house for extra income, although the practice is illegal for public housing. As for private property, no clear guidelines cover this practice. Owners usually put in a single mattress or a bed and a small...
The Jurong Lake District will help to lead the way in Singapore's efforts to become a smarter business city in the way it delivers municipal services, engages citizens and optimises use of resources. It has been selected as a recipient of the IBM Smarter Cities Challenge grant for 2012. Launched in 2011, the Smarter Cities Challenge is a three-year philanthropic initiative, covering 100 cities and...
The prime and mass-market private housing segments in Singapore are facing starkly different fortunes. According to recent industry data, while the mass-market segment is still enjoying healthy demand and price increases, the prime segment seems to be suffering from waning demand as foreign investors exit the Singapore residential property market. Take the January and February sales figures as a case in...
Property developer Keppel Land sees less pessimism in Singapore's luxury-home market and says mass-market demand should stay supported amid signs that the global economy is on the mend. Mr Augustine Tan, president of Keppel Land's Singapore residential arm, said yesterday that recent economic indicators suggesting a healthier American economy and receding fears over Greece's debt crisis meant "there is a...
The former Pandan Gardens Swimming Complex will be up for sale by tender next month. The Singapore Land Authority has indicated that the space next to Ayer Rajah Community Centre should be used as a sports facility or fitness centre. Some residents living in the area have appealed for the swimming pool to be rebuilt. But analysts said the rebuilding costs will be too high. The former swimming pool was...
With the prices of high-end properties moderating, some developers are looking to lease unsold units of new developments for better returns. Keppel Land said it will tap on the strong leasing demand for luxury water front residences and lease 154 units of its high-end condominium - Reflections at Keppel Bay. These will be set aside as corporate residences and rents will range between S$8,000 to S$9,000...
Fragrance Group, together with Aspial Corporation have jointly acquired Tai Keng Court for S$161.11 million. In a statement released Thursday, Fragrance Group said it incorporated a special purpose company with Aspial Corporation known as Kensington Village Pte Ltd to acquire Tai Keng Court through a collective sale tender. Fragrance Group said the vendors of Tai Keng Court have accepted the tender bid...
Hong Kong and Singapore commercial property rents and prices will drop by more than 15 per cent this year as financial services companies keep a lid on growth or shrink, according to Jones Lang LaSalle. Hong Kong rents will drop by 15 per cent this year and prices by 16 per cent, while Singapore rents will fall 11 per cent and values 20 per cent, Mr Alastair Hughes, Asia-Pacific chief executive officer of...
Non-landed home prices in the secondary property market in Singapore continued to soften in the first quarter of 2012, with those in the prime districts 9, 10 and 11 faring worst. According to a report by DTZ Research, resale prices of luxury condominiums and freehold condominiums in the prime districts fell by 0.8 per cent and 0.7 per cent respectively. Resale prices of leasehold condominiums in the...