Resorts World Sentosa (RWS) will open the last two of its six hotels on Thursday, 16 February. The new hotels - Equarius Hotel and Beach Villas - are aimed at high-end guests. Room rates for Equarius begin at S$800, while those of Beach Villas start from S$1,200. The resort will open fully by the end of the year with three more attractions - Marine Life Park, a water theme park and a destination...
General
Tai Keng Court, a freehold residential and commercial redevelopment site in the Upper Paya Lebar area, has been put up for collective sale. In a statement, its sole marketing agent Jones Lang LaSalle said the indicative price for the site is around S$130 million or about S$903 per square foot per plot ratio, subject to the tender process. About S$1.325 million is payable for development charge. The plot...
More second-time applicants appear to be going for executive condominiums (ECs), according to property developers. That's because the pool of first-time flat buyers is shrinking due to recently-ramped up supply of Build-to-Order flats. Prices of the 728 units at a new EC in Punggol - Twin Waterfalls - are likely to start from S$617,000 for a three-bedroom unit and S$823,000 for a four-bedroom...
Singapore shopping mall developer CapitaMalls Asia has reported a net profit of S$205.4 million for its fourth quarter ended December - up 42.6 per cent from the previously-reported S$144 million last year. In a stock exchange filing, the company said revenue grew S$66.3 million from S$55.2 million in the same period last year, driven by strong growth in markets like Singapore, China and Malaysia. In...
It has been nine weeks since the additional buyer's stamp duty (ABSD) on residential property was imposed. Have private home prices made their long-awaited move downwards? At this week's Singapore Property Analytics Conference 2012, opinion from the floor - comprising mainly property agents - was divided. These are people who interact with buyers and sellers everyday. If prices have come off in a...
A residential site at Bedok South Avenue 3 attracted seven bids at the close of tender yesterday, with the top one of S$345.9 million coming from a consortium comprising FE Lakeside, Frasers Centrepoint's FCL Topaz and Sekisui House Singapore. The best bid translates to about S$534 per sq foot per plot ratio, the Urban Redevelopment Authority (URA) said. Mr Lee Sze Teck, senior manager of research and...
Developers in India holding property fairs here as record-low rupee entices and cooling measures bite Mr Vivek Sharma, like many Indians who came to Singapore for work, failed to jump into the island state's booming property market before the government imposed taxes to deter foreign buyers. Now, he is joining thousands of his compatriots who are taking advantage of the drop in the rupee to a record low...
Resale prices of public housing in Singapore have risen rapidly in recent years but market players said those days are over. Speaking at an industry forum on Wednesday, they said resale prices of HDB flats will drop by three to five per cent this year. But the drop may be more severe, if the external environment takes a turn for the worse. Executive condominiums such as the Trilliant in Tampines have...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Jervois Road to SL Development, which submitted the highest bid of S$118.9 million. The 99-year leasehold site had attracted 17 bids during the tender exercise, which was launched on Dec 22 last year and closed on Feb 2. The 96,423-sq-ft site has a maximum permissible gross floor area of about 135,000 sq ft and is...
The Building and Construction Authority (BCA) has taken another step forward to help boost productivity in the sector with a technology initiative. BCA has tied up with software modelling company Tekla and the Institute of Technical Education (ITE) to promote the use of building information modelling (BIM) among industry practitioners. BIM is a three dimensional (3D) technology that can change the way...