Singapore Expo will develop new meeting facilities at Singapore's largest purpose-built meetings, incentive, conferences and exhibitions (MICE) venue. The new Max Atria @ Singapore Expo is due to complete in early 2012. It will feature 23 new meeting rooms and spacious pre-function areas, adding some 8,000 square metres of space to Singapore Expo's inventory. The existing space at Singapore Expo will be...
General
Property experts say more homes will be launched over the next two months to make up for the lull during the Lunar New Year period. And homebuyers will be spoilt for choice. Experts say developers are likely to launch more properties to avoid getting blindsided by further cooling measures. Far East Organization's Waterfront Isle is one of the first residential properties to launch over the Lunar New Year...
The Urban Redevelopment Authority (URA) has plans to clamp down on developers who use misleading showflats to lure flat buyers. Replying to queries from Channel NewsAsia, URA said it is reviewing the law -- the Housing Developers (Control & Licensing) Act and Housing Developers Rules -- governing housing developers so that flat buyers have more accurate information on housing projects. According to...
Hyundai Engineering and Construction has been awarded the contract for the construction of Asia Square's Tower 2. The South Korean contractor is currently overseeing the ongoing construction works of Asia Square Tower 1 and is scheduled to complete the building in June this year. This brings the total value of the construction of Asia Square to more than S$1 billion. The construction of Asia Square...
Buyers are continuing to pick up units at new condominiums in recent weeks despite the distractions of Chinese New Year and the property cooling measures. Almost half of the 320 units at Canberra Residences in Sembawang have been sold since its soft launch on Jan 22, with most of the one- and four-bedroom units at the 99-year leasehold development have been sold. The project, which is going for around...
Amber Glades in Marine Parade has been put up for collective sale. The condominium currently occupies a freehold residential site on Amber Gardens. The site comprises two blocks housing 63 units, with a land area of over 40,000 square feet. The indicative price is about S$120 million. This works out to about slightly under S$1,100 per square foot per plot ratio. This is comparable to the recent sale...
They allege that their basement car park has 280 points of water leakage, that their swimming pool has sharp surfaces that cut swimmers and ruin their swimwear, and that a third of their condominium's 51 units are leaking rainwater. These are some of the alleged defects that disgruntled unit owners of freehold development Emery Point, an 18-storey single residential tower at Ipoh Lane in Katong, are...
Catalist-listed Top Global is establishing a real estate investment and development business in Singapore, Malaysia, Indonesia and China, as well as lease or acquire hotels in Chinese cites, said Hano Maeloa, CEO of the company. Top Global recently set up a real estate consultancy firm in Singapore with two partners, which it hopes to franchise in Indonesia. It established Global Property Strategic...
The three latest Build-To-Order (BTO) projects by the Housing Board Development in Bukit Batok and Yishun are not seeing the same level of interest as the previous project in Punggol. With hours to go to the close of applications, the three projects have received on average close to two applicants for each unit offered. In contrast, the Punggol Topaz BTO project had nearly seven applicants for each unit...
Rising property prices lead to concerns of a similar asset bubble As property prices in China continue to rise - frustrating government efforts to rein them in - some analysts are concerned that China may end up with a Japanese-style asset bubble, which kept growing in the '80s before it burst with painful consequences for the economy. The analysts noted that China's property market seemed to be fuelled...