Government agencies are embarking on energy solutions testing for public housing with Panasonic. Flats in Punggol Eco Town will become a test-bed for energy solutions. This follows a collaboration struck between the Housing Development Board, Energy Market Authority, the Economic Development Board and Japanese electronics giant, Panasonic. Solar panels will be fitted to power lifts and lighting, as well...
General
New condominiums in the city fringe, particularly those next to MRT stations and near the heritage area of Little India, have seen prices setting new highs recently. According to caveats lodged with URA, over the week of June 28 to July 5, a seventh-floor 570 sq ft studio apartment at City Square Residences located at Kitchener Link was sold for $975,000, or a record $1,709 psf. Another unit in the...
From August 1, the Ministry of Law (MinLaw) will be implementing new measures to safeguard conveyancing money from rogue lawyers. In a news release, the Ministry of Law said: "With the new measures, clients' money in conveyancing transactions will enjoy a higher standard of protection." Under the new rule, lawyers will no longer be allowed to receive and hold monies used for purchase or sales of...
Three Balmoral. A coveted address that signifies prestige like no other. An exclusive development in the Prime District 10 for the creme de la creme of society. Eneveloped within the serenity of nature, life is beautiful with rustling leaves orchestrating the soundtrack of your sanctuary. Location: Balmoral Road (District 10) Tenure: Freehold Year of Completion: 2016 Total Units: 42 Unit Types: 1 + Study...
Singapore’s luxury prime market remained stable in the second quarter, as home buyers stayed cautious after recent cooling measures implemented by the government, according to a report from global real estate services firm Jones Lang LaSalle (JLL). “Despite the low interest rates environment, capital values for the Singapore luxury residential market is expected to remain stable,” said Jacqueline...
Home buyers and real estate investors are less optimistic about property affordability than they were in the first quarter of this year, according to the results of a survey on property market sentiment, compiled by PropertyGuru. The survey shows that 79 percent of all respondents believe property in all categories in Singapore is expensive, an increase from 75 percent in the previous quarter. Conducted...
Good Class Bungalow (GCB) deals have continued to dry up this month following the slowdown seen in the first half of 2011. Just one caveat for a bungalow in a GCB area has been lodged for July so far, for a property at Andrew Road that sold for $8.88 million, or about $780 per square foot on land area. There may be a few more caveats for deals sealed in July to trickle in over the next few weeks, say...
Total bank lending in Singapore amounted to S$374.3 billion last month, up 3 per cent from the previous month, according to data released yesterday by the Monetary Authority of Singapore (MAS). On a year-on-year basis, total bank lending surged 26 per cent on the back of robust economic growth. Housing loans rose 1.3 per cent to S$121.3 billion last month from S$119.7 billion in May. The MAS also, for...
Mapletree Investments has acquired a major retail and commercial complex in Hong Kong for HK$18.8 billion or about S$2.9 billion. Mapletree, a wholly-owned property arm of investment company Temasek Holdings, said it is buying Festival Walk - located in Kowloon Tong on the Kowloon peninsula - from Swire Properties. Festival Walk has a seven-storey shopping mall and a Grade-A office tower with a gross...
The Urban Redevelopment Authority (URA) is launching an industrial site at Woodlands Avenue 12 for sale by public tender in two weeks' time. The land parcel was made available for sale through the Reserve List system on 24 March 2011. The tender was triggered because URA has received an application from a developer at a price of at least S$56.15 million for the land parcel on a 60-year lease. The...