Wendy Cheng, 32, has been trying to buy a home for over two years but without success. Cheng and her American teacher husband cannot afford property on the open market where a government-built apartment can fetch as much as $700,000, and they have been unsuccessful in balloting for flats available from the state at a cheaper price. At her last attempt to buy an apartment directly from Singapore’s...
General
JTC Corporation has launched the site at Fusionopolis Link, for Fusionopolis Phase 3, for sale by public tender. The 6,253 square metre site has a 60-year lease and is on the Confirmed List of the Industrial Government Land Sales programme. With a plot ratio of 4.0, the zoned business park has set aside 40 per cent of its space for offices. JTC said Fusionopolis is the key development at one-north that...
Mapletree Logistics Trust (MapletreeLog) said that it has acquired a property in the Chugoku region in western Japan for S$114.2 million. It said in a statement that the Hiroshima Centre consists of two buildings - a two-storey warehouse for cold or frozen storage and a two-storey dry warehouse with an ancillary office. The combined total gross floor area of both buildings is about 43,600 square metres,...
Despite Government cooling measures, there has been respectable take-up and optimistic land bidding Whenever the Government imposes measures to cool the residential property market, there would be knee-jerk reactions resulting in potential buyers hesitating and adopting a wait-and-see attitude. This behaviour was obvious after the Aug 30 measures were announced but the short-lived patience of buyers...
There were two good property reads this week. One was a perceptive commentary which had "ghost towns" in its headline but it was not images of vacant HDB flats that came to my mind. But more of that later as I first need to lay the foundation for that story with the other, which should then lead us nicely to my comment on ghost towns. The focus of this other news analysis was on the winning margins of...
Perched at the base of the Beskydy Mountains in the Czech Republic is a titanium-plated house in the fanciful shape of a bird with wings extended. The steel-and-glass structure in the picturesque northeastern region is the home of Pavel Horak, the chief executive of PPL, an express mail firm. Mr Horak is a man who, perhaps it goes without saying, has an earthy sense of fun. "I was really concerned...
Devonshire Residences is Oxley Holding's latest offering. At 55 Devonshire Road, the freehold property in District 9 is a 25-storey tower housing 84 apartment units. The 13,396 sq ft property comprises only one-bedroom units. There are 76 units sized from 495 to 506 sq ft, four units of 818 or 829 sq ft with high-ceilings, and four penthouse units of 947 or 1,055 sq ft. Amenities include a basement...
The last two rounds of the government’s property cooling measures may have driven more home buyers to opt for smaller and cheaper homes, according to new research. Property analysts attributed the trend to the tighter loan-to-value (LTV) ratio for home buyers with existing mortgages. The LTV ratio has been cut twice since last year, from 80 percent to 70 percent in August 2010, then to 60 percent in...
Serviced apartment chain Frasers Hospitality has said it is undertaking its most ambitious expansion project yet. It announced plans to add 4,300 serviced apartment units to its current inventory in the next two years, bringing the total number of units to more than 9,000. The company is kicking off its aggressive expansion plan with the launch of Fraser Residence Orchard. Fraser Residence Orchard is...
It will soon be cheaper for owners of skyscraper buildings to install more greenery. This was announced by Senior Minister of State for National Development, Grace Fu, at the official opening of CapitaLand's indoor vertical garden at Six Battery Road on Thursday evening. Ms Fu revealed that the new "Skyrise Greenery Incentive Scheme" will offer cash incentives of up to half the costs of installation of...