Residents in Tampines can look forward to a Town Hub by 2015 - touted as Singapore's first integrated lifestyle hub in the heartlands. The size of seven football fields, the Tampines Town Hub will bring key facilities together. This includes bringing together the community club, sports and recreation centre, Tampines Regional Library and HDB branch office. The project will be managed by the People's...
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182 Clemenceau Avenue near Dhoby Ghaut MRT Station is up for sale. The price could be about $75-80 million or $1,613-1,720 per square foot based on its net lettable area of about 46,490 sq ft. Next to Singapore Shopping Centre, the six-storey building is fully occupied. The bulk of the space is leased to GE Money until 2013. Based on existing leases and the $75-80 million pricing for the property, the...
When the latest property measures were unveiled on Jan 13, it took most market watchers by surprise, mainly because we had been reassured several times that the previous rounds of measures announced on Aug 10 had been effective. Reaction from the local market has been negative but not too severe, as shown in a survey by property blog propwise.sg. Were these new measures necessary? Definitely. At the...
Government measures are most effective when they are unexpected. That was why I concluded last week that the single most effective move was not the measures themselves but the timing of their introduction. In economics, this topic is covered under the expectations theory. If the market expects the announcement, players will take positions that will nullify some of its effectiveness. Looking at the latest...
While the Government has to act to prevent the property market from getting beyond the reach of most Singaporeans, I am however not very comfortable that the latest steps - announced last week - are the best means of dealing with the issue. Not only are the measures fairly drastic, they appear to be dealing more with curbing demand than raising supply. The Government has claimed that there is no shortage...
Once living in the shadow of their inner-city and city fringe cousins, suburban residential properties are now stepping out on their own - with some of these properties located in more remote areas only accessible by feeder buses and light rail transit (LRT). And property experts say such mass market homes remain in high demand from owner-occupiers, who are unscathed by the new round of cooling measures...
In a survey conducted at property blog www.propwise.sg, 66 per cent of the 269 respondents believe that the latest round of cooling measures by the Government is sufficiently harsh to prevent a property market bubble in Singapore, while the other 34 per cent do not think so. Some 41 per cent of the respondents believe that property prices will go down this year as a result of the measures, a sharp...
Mapletree Logistics Trust (MLT) said it has posted a distribution per unit (DPU) of 1.55 cents for the fourth quarter ended December 31 last year. This is 1 per cent higher than 1.54 cents in the third quarter of last year. Distributable income grew 17 per cent for Q4 2010 to S$36.8 million, while net property income grew 13 per cent to S$53.8 million. MLT said the improved fourth quarter performance...
Regent Court, a freehold residential property at 1091 Serangoon Road, has been put up for sale by tender. The property has a combined land area of 38,857 square feet and is zoned for high rise residential development of up to 36 storeys. It has a plot ratio of 2.8, which allows a maximum gross floor area of 108,800 square feet. No development charge is payable. According to its marketing agent Cushman...
The Housing & Development Board (HDB) will launch three residential sites on Friday. It said the 99-year leasehold sites can yield a total of about 1,670 housing units. The sites are in Bishan Street 14, the junction of Sengkang Square & Compassvale Road, and Choa Chu Kang Drive. The sites are being offered as part of the Government Land Sales Programme for the first half of this year. HDB said...