Sales of private home properties moderated in December, but still came in above the 1,000 units level. Data released on Monday by the Urban Redevelopment Authority (URA) shows that 1,332 private homes were sold last month. That is a 30 per cent on-month drop from the 1,915 units sold in the previous month. Including Executive Condominiums, the total sales would have reached an even higher figure of...
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JTC Corporation has awarded the tender for an industrial site at Old Toh Tuck Road/Toh Tuck Avenue to Incorporated Builders. The developer submitted the highest bid of S$8.7 million for the 10,083 square metre land parcel. Tender for the site was launched on October 29 last year and closed on December 10, with five bids submitted. The land usage, zoned for Business 2, is meant for logistics facilities -...
At least seven real estate investment trusts (REITs) that could raise around $4 billion are expected to make their debut on the Singapore Exchange this year. Analysts expect further upside for REITs and said more of them will likely ride the momentum and issues as big as last year's two mega-IPOs could be in the pipeline. One of these is the Mapletree Commercial Trust to be launched sometime in late...
The Building and Construction Authority of Singapore (BCA) has awarded HarbourFront Centre a Green Mark Platinum certificate under the "Existing Buildings" category. The highest rating for green buildings in Singapore recognises developments which are energy efficient. Mapletree Investments, which owns HarbourFront Centre, retrofitted the 33-year old building with a more energy efficient central chiller...
Plans for the "Gateway to the East Coast" were unveiled on Saturday as part of the S$1 billion Remaking Our Heartlands (ROH) programmes for three areas announced a week ago by National Development Minister Mah Bow Tan. Senior Minister S Jayakumar, who is an MP for East Coast GRC, said the plans once realised, will benefit not only those living in the East Coast but other Singaporeans too. Plans to remake...
National Development Minister Mah Bow Tan said the latest property cooling measures were not meant to crash the market. He described them as "calibrated", "targeted" and "pre-emptive". Mr Mah was speaking to reporters at a community event on Saturday. Explaining the government's rationale for the recently announced property cooling measures, Mr Mah said a judgement call was needed when property prices...
With the latest round of Government measures, there might be concerns among first-time home buyers, those looking to upgrade their properties as well as property investors on how they will be impacted. Let me share my views: First-Time Home Buyers and Property Upgraders For first-time home buyers, you need not worry as these measures do not impact you directly. You will still be able to obtain loans of...
The latest round of cooling measures introduced by the Government, which kicked in today, appears to have created some knee-jerk reaction in the private property market. MediaCorp understands that some sellers rushed to close deals before midnight to avoid the new rules. Others have pulled their properties from the market. Property firms told MediaCorp that they have received many enquiries from...
The latest round of property cooling measures which kicked in Friday appears to have caused a knee-jerk reaction from the private property market. Channel NewsAsia understands that some sellers even rushed to close deals before midnight to avoid the new rules. Others pulled their properties from the market. To 36-year-old Christopher Ng, the new measures were welcome news as he hopes prices will soon...
Share prices of major developers like CapitaLand and City Developments took a beating on Friday, a day after the government announced a fourth set of measures within two years to cool the property market. City Developments share price dropped 4.6% to S$12.16 while that of CapitaLand lost 3.4% to S$3.71. The property-cooling measures, effective on Friday, include a sharp increase in the Seller's Stamp...