General

Rents of office space in the central region of Singapore rose 1.3 per cent in the second quarter of this year over the previous three months. This contrasts with the drop of 0.6 per cent in the first quarter, according to figures from the Urban Redevelopment Authority (URA) released on Friday. URA's price index of office space in the central region rose 0.9 per cent in second quarter 2019, a slower pace...

Rents of retail space in the central region of Singapore declined 1.5 per cent in the second quarter of 2019 over the previous three months, after dipping 0.2 per cent in the first quarter of this year, according to data released by the Urban Redevelopment Authority (URA) on Friday. URA's price index of retail space in the central region rose by 0.4 per cent in the second quarter of 2019 over the...

Singapore's resale public housing market has emerged out of its stupor, with the number of homes exchanging hands rising 29.8 per cent in the second quarter of this year. The prices of resale flats also dipped slightly, falling 0.2 per cent in the three months ending June, the Housing and Development Board (HDB) said on Friday (Jul 26), confirming flash estimates announced at the start of this month....

Singapore’s hotel room rates are expected to rise by 2 per cent in 2020, following “significant” investments into the travel market, according to data from American Express Global Business Travel (GBT) on Friday. Such investments, which includes the multibillion dollar expansions of Changi Airport and Resorts World Sentosa, are expected to increase tourism and the meetings, incentives,...

Inventor of the bagless vacuum cleaner James Dyson is poised to purchase his second luxury property in Singapore, complete with an infinity pool and indoor waterfall, weeks after news broke that he had snapped up the city-state's priciest penthouse. The Straits Times newspaper reported on Friday that the British billionaire had been given approval to buy the plush house - which was marketed at about...

Loss of income from a recently divested property, absence of a one-time recovery of costs for another, plus lower revenue and net property income (NPI) due to a challenging market, dampened results for industrial property owner Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) in its second quarter. Distribution per unit (DPU) shrank to 0.62 Singapore cent from 0.82...

Prices and rentals of industrial space in Singapore continued to remain stable in the second quarter of this year compared with the previous quarter, going by the latest data released by industrial land and infrastructure agency JTC Corp on Thursday. The price index dipped 0.1 per cent, while the rental index inched up 0.1 per cent . Compared with a year ago, the price index was down 0.1 per cent...

While sales of new private homes rose in the second quarter from the same time last year, the private property resale market remained in the doldrums, real estate firm Huttons said in a report on Wednesday (July 24). Between April and June, there were about 2,400 resale transactions, down 50 per cent from the same period a year ago, it said. This was partly because there is a significant gap between...

Property developer Fragrance Group will be launching the sale of its Jervois Treasures condo in prime District 10 on Saturday with prices starting from S$1.37 million for a one-bedroom apartment. Located at Jervois Road in the Tanglin area, the five-storey luxury development has 36 units, comprising one- to three-bedroom units of 506 to 1,432 sq ft. Prices for two-bedroom units start from S$1.64...

Grade A office rents in Singapore’s central business district (CBD) rose for the eighth straight quarter, hitting a 10-year high at S$9.93 per square foot per month (psf pm). This is up 12.6 per cent from a year ago, according to Colliers Research data. Out of the six office micro-markets tracked, rental growth remained the strong in the Beach Road or Bugis area, rising 18 per cent from a year ago,...