The Singapore government has announced it would be keeping both the Tajong Pagar Railway Station and the Bukit Timah Railway Station because of their deep historical significance and to protect physical reminders of the country's rich heritage. The Preservation of Monuments Board (PMB) is gazetting the Tanjong Pagar Railway Station as a national monument, while the Urban Redevelopment Authority (URA) is...
General
HDB upgraders’ dreams of acquiring suburban condominiums are drifting further out of their reach. This is due to the record property prices coupled with the property cooling measures implemented by the government. According to property consultancy DTZ Research, seven out of 10 home buyers in Q1 2009 were HDB upgraders. However, this figure fell to about 3.5 out of 10 home buyers in 2010. Chua Chor...
Global home prices climbed only 2.8 percent last year, as more markets saw negative growth in the fourth quarter, according to the Global House Price Index 4Q 2010 by global real estate agent Knight Frank. Asia Pacific recorded the highest price increases at 7.5 percent per annum, followed by the Middle East at 5.3 percent and South America at 3.8 percent. However, 41 percent of the total markets...
Discover secret gardens where dreams and landscapes intertwine to caress your senses. Eight courtyards offers tranquil living spaces with tender touches of 8 rejuvenating courtyards. While enjoying the intimate outdoor space, Eight Courtyards is also at close proximity to Yishun MRT station, shopping and dining options such as Northpoint Shopping Centre, new Khoo Teck Puat Hospital, Seletar Aerospace Park...
Heritage supporters and conservationists may lament that the rapid growth of Singapore has led to the loss of communities such as the Peranakan cluster in Katong or the foreign military neighbourhood in "Ang Sar Li" (Serangoon Gardens); or perhaps the loss of iconic monuments such as the Van Kleef Aquarium, the National Theatre and the red brick National Library at Fort Canning. Rejuvenation, renewal and...
European companies in China ranked Shanghai as the most attractive city to locate their Asia-Pacific headquarters as the Chinese city provides companies with direct access to the region's biggest market, a survey showed yesterday. Hong Kong and Singapore ranked the second and third most preferred locations out of 15 cities examined in the survey, which was conducted by the European Union Chamber of...
A condominium land site located on Bendemeer Road/Whampoa East has been awarded to United Engineers Developments, which submitted the top bid of S$543 million or S$8,332.87 per sqm (psm) based on gross floor area (GFA) The 99-year leasehold land parcel, sized at 18,618 sqm or 200,404 sq ft, has a maximum permissible GFA of 65,163.9 sqm or 701,424 sq ft. The site, which went up for tender on Feb 23, can...
The latest flash estimates showed private property prices rose by a slower 2.1 per cent in the first quarter from the preceding three months while HDB resale prices increased just 1.6 per cent. I must admit that I did not think it was possible to rein in HDB resale price rises so soon. This is because the problem here is not so much of dealing with strong demand but the lack of supply. Owners have to...
Rents for hi-tech industrial properties in Singapore grew at a faster rate in the first quarter. According to DTZ Research, the average rent for hi-tech properties, which include business parks, rose 3.1 per cent quarter-on-quarter to S$3.30 per square foot per month in the first quarter. It had increased 1.6 per cent in the previous quarter. Rents for conventional industrial space also continued on its...
Singapore’s top quality education has placed the country second on the list for second-home purchases for ultra-rich Asians, especially the Chinese and Indians, according to The Wealth Report 2011 compiled by Citi Private Bank and Knight Frank. Meanwhile, when it comes to principal residence, Singapore is the top choice for Asia’s ultra-high net worth individuals (UHNWIs). This was mainly attributed...