SINGAPORE: If he knew his two sons were taking his long-time mistress to court in a tussle for his property, once-prominent psychiatrist Wong Yip Cheong would be "heartbroken", a High Court judge said on Monday. In dismissing a bid by the plaintiffs to declare void their father's move to make Madam Patricia Ling Ai Wah joint owner of a S$7 million property along Chancery Hill Road, Justice Lai Siu Chiu...
General
Boathouse Residences, located near Serangoon Reservoir, has been launched at an average price of S$880 per sq ft. Jointly developed by Frasers Centrepoint Homes, Far East Organization and Sekisui House, the development comprises six towers between 15 and 18 storeys high with 493 residential units and one shophouse. The sizes of the units range from 624 sq ft for a one-bedroom to 1,464 sq ft for a...
City Developments said Monday that it sold 115 units of its Executive Condominium at Blossom Residences to second-time buyers and upgraders on Sunday. This follows the initial launch to eligible buyers, mainly first-timers on July 7, when 150 units were snapped up. To date, a total of 319 units have been sold. The units at the 602-unit development, which is located along Segar Road at Bukit Panjang, are...
The lower office rents in Singapore could be an attraction to some businesses in Hong Kong to relocate here. This is according to a report issued on Monday by property consultant Jones Lang LaSalle (JLL). Chua Yang Liang, Head of Research for Singapore and Southeast Asia at JLL believes that there could be some spill over effects from the Hong Kong office market which is experiencing rapidly escalating...
ARA Asset Management (ARA) reported an 18 per cent year-on-year increase in net profit to S$29.6 million for the six months ended 30 June. Total revenue for the same period rose 14 per cent to S$52.55 million. On a quarterly basis, net profit increased by 17 per cent to S$14.74 million while total revenue for the quarter rose by 8 per cent to S$25.35 million. ARA Group CEO, John Lim said that its...
Ho Bee Investment has announced a net profit of S$111.7 million for the six months ended 30 June, a 34 per cent decrease compared to the previous corresponding period. Ho Bee said the decrease in attributable profits was due to the 36 per cent decrease in group turnover from S$366.5 million to S$236.2 million, as a result of higher revenue recognition from development properties in the same period last...
Real estate investment trusts (Reits) are considered one of the most accessible means of gaining exposure in the Singapore real estate market. “Young investors, who are constrained in capital, and yet would like to invest in real estate, could consider Reits as an alternative investment option,” said Deng Yongheng, Director of the Institute of Real Estate Studies (IRES), NUS and finance professor at...
Outside the prime districts of 9, 10 and 11, the East Coast area (Districts 15 and 16) has traditionally been a draw for expatriates. In the last two years, the area has proven to be especially popular with mainland Chinese and Indian nationals, says Wendy Tang, director of residential services at Knight Frank. “Those who are permanent residents tend to buy for their own occupation, while non-PRs are...
Developers here are building more office space in the city's suburbs as companies including Credit Suisse and Deutsche Bank shift some operations away from downtown to cut costs, according to Cushman and Wakefield. The city's supply of suburban office space is expected to rise to 920,000 sq ft in 2014, five times the 190,000 sq ft that is expected to be completed this year, the world's largest privately...
More Singapore buyers are setting their sights on properties in India, according to a Q2 survey done by PropertyGuru. The survey, which featured over 2,200 respondents found that 14% of those considering overseas property investments listed India as their top pick, behind Malaysia (37 percent) and ahead of Australia (10 percent). Many analysts expect India’s real estate market to be relatively buoyant...