Malaysia’s leading property developer S P Setia Bhd Group is planning to enter the Singapore property market this year, said Liew Kee Sin, Chief Executive Officer of SP Setia. “Singapore is a good market to enter but we will do it step by step,” said Mr. Liew at the Invest Malaysia 2011 event. For a start, S P Setia plans to develop condominium projects in the country and in addition to cross...
General
Effective 1 May, real estate agencies in Hong Kong could have their licenses permanently revoked if they violate new regulations on the sales of primary residential properties, according to the Estate Agents Authority. The authority has updated its guidelines for property sales in order to prevent the recurrence of cases similar to The Icon scandal. According to the latest regulations, sales agencies are...
Commercial real estate is one of the top two assets, along with equities, that wealthy individuals and their investment advisers are targeting for investment this year, according to a study published by property consultancy firm Knight Frank and Citi Private Bank. The study showed that wealthy investors plan to allocate around one-fifth of their investment portfolios to commercial real estate and another...
Singapore has ranked 9th in the list of most expensive office locations globally, up from 15th place six months ago, said property consultants Colliers International in a report issued Wednesday. The Global Office Real Estate Review 2H2010 said that Grade A office rents in the Singapore's central business district (CBD) continued to trend up, with rental growth momentum picking up pace from 6.6 per cent...
Chong Kim Apartment, a freehold development at Bassein Road, will be launched for collective sale by public tender on Thursday. It is expected to fetch around S$40 million, including the estimated development charge of about S$3.7 million. This works out to some S$842 per square foot of potential gross floor area. Each owner of the 25-unit development may get between S$1.23 million and S$2.9 million...
From Wednesday, home-buyers will have easy access to property market information on the go from their iPhones and iPads. Developed by the Urban Redevelopment Authority (URA), it can be downloaded from the Apple's App Store. It will allow members of the public easy access to transaction and rental prices for different private housing projects by project name, street name and district. Users can also see...
Tripartite Developers, a joint venture (JV) company between City Developments, Hong Leong Group and TID, are expected to start marketing its Hedges Park condominium project along Upper Changi Road later this week. According to market analysts, the average price of units at the 99-year leasehold project is estimated to be within S$850 psf to S$900 psf. Hong Leong has developed seven large condo projects...
Shopping mall developer and operator CapitaMalls Asia has signed an agreement with Japan's PARCO to explore business collaborations in China and Japan. PARCO owns 20 malls in key Japanese cities including Tokyo, Osaka, Nagoya, Fukuoka and Sapporo. It also manages one property in Singapore's Marina Bay area. CapitaMalls Asia has been bringing Japanese retailers to its other markets outside Japan. It...
SC Global has a substantial inventory of approximately one million square feet gross of saleable floor area in different luxury housing projects in Singapore. However, Chairman and CEO Simon Cheong was in no rush to sell off the properties, as he is aware of the difficulty of finding replacement landbank in the country’s top-end segment. He believed that replenishing the landbank will be the luxury...
Despite the en bloc fever, some prime sites have been bypassed as the recent property market cooling measures make developers picky about their land acquisitions. These sites include the S$700 million Hawaii Tower at Meyer Road as well as the S$92 million Grand Tower, located near Novena MRT Station. The estimated S$70 million Holland Tower, which is a short drive from Orchard Road, has yet to find a...