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Novelty Bizcentre is a fully integrated one-stop centre that caters to every business and lifestyle need. A mix of wellness facilities adorning your workplace provides work-life balance, and promotes long-term productivity and ease of employment. Vast business, factory and warehouse units with ample space are conveniently available. En-suite washroom in every unit provides hygienic working condition and...

The property market in Singapore has continued to defy expectations even as global economic prospects darkened, with prices for resale Housing and Development Board (HDB) flats as well as private homes hitting new highs in the third quarter. According to preliminary estimates from the HDB yesterday, the resale price index increased by 3.8 per cent from the previous quarter, after rising 3.1 per cent in...

Analysts have said a lower supply of Housing & Development Board (HDB) resale flats has driven up the prices of such units. Prices of HDB resale flats in the third quarter jumped 3.8 per cent from a quarter ago. The squeeze on supply drove the steepest quarterly increase since the third quarter of 2010, which saw a rise of four per cent. Chesterton Suntec International research & consultancy...

With the uncertain economic outlook already moderating the bids for Government land sales, analysts expect a continued decline if the economic situation turns dire. Mr Ku Swee Yong, chief executive of International Property Advisor, told Today it is "possible" for commercial land bids to fall by 5 to 10 per cent in the next year, depending on the employment situation in Singapore. SLP International...

First time applicants who applied for Build-to-Order (BTO) flats stand a good chance of getting their flats in the latest bumper launch of 8,200 flats. That's because the BTO application rate is 1.7 this time round, which according to National Development Minister Khaw Boon Wan in his latest blog entry, means first-time applicants will get a chance to select their flats. He had said earlier that a BTO...

The private home market may have continued to enjoy robust turnover in the third quarter of this year but the prices of luxury apartments appear to have peaked. According to a report by property consultancy Savills, the average per sq ft price for non-landed high-end private homes dipped 2 per cent to S$2,243 for the first two months of the third quarter from S$2,286 in the second quarter of this year. In...

Flash estimates on property prices show that buyers are willing to pay more for HDB resale flats while those purchasing private property are showing caution. HDB's flash estimate of the 3rd Quarter 2011 Resale Price Index (RPI) climbed 3.8 per cent in the third quarter compared to the 3.1 per cent rise seen in the second quarter. In the first three months of the year, the rise was 1.6 per cent. The rise...

The Resale Price Index (RPI) of public housing in the third quarter 2011 has reached 187.1, an increase of 3.8 percent over the second quarter. In its flash estimate released on Monday, the Housing and Development Board said the increase is slightly higher than the 3.1 percent registered in the previous quarter. The index provides information on the general price movements in the public residential...

The Urban Redevelopment Authority (URA) has launched the office site at Mountbatten Road for sale by public tender today. The land parcel was made available for sale through the Reserve List system on 31 October 2008. On 19 September 2011, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than...

Flash estimate of the private residential property index for the third quarter 2011 shows that the rate of increase in private residential property prices continues to moderate for the eighth consecutive quarter since the fourth quarter 2009. According to flash estimates from the Urban Redevelopment Authority (URA), the private residential property index rose from 203.0 points in the second quarter 2011...