The Housing & Development Board (HDB) has closed the tender for a residential site at Yuan Ching Road after receiving six bids. The highest bid came from joint bidders Hoi Hup Realty, Sunway Developments and SC Wong Holdings, that bid S$131.6 million. The next highest bid came from Yuan Ching Development that bid S$125.3 million. The land parcel has a site area of more than 21,000 square metres and...
General
The Urban Redevelopment Authority (URA) said it will launch the tender for an industrial site at Kaki Bukit Road 4 in two weeks' time. The land parcel was available for sale through the Reserve List system in November last year. The tender was triggered because URA has received an application from a developer for the site. The developer has committed to bid at a price of not less than S$18 million for...
Wilmar International said on Wednesday it has won the bidding for six land sites in China's Liaoning province for a total of US$204.4 million in partnership with two Hong Kong firms. The bids were won by a consortium formed by SGX-listed Wilmar with Kerry Properties and Shangri-la Asia. All three firms are linked to Malaysian billionaire Robert Kuok. Wilmar is the the world's largest-listed palm oil...
The former head of CapitaMall Trust is reportedly planning to launch an initial public offering (IPO) of a real estate investment trust (Reit) in Singapore to raise $1 billion. The Reit will be floated under Perennial Real Estate - the firm established by Mr Pua Seck Guan, who left CapitaMall Trust in 2008 - and will consist of Chinese assets, according to a Dow Jones report. Quoting a person familiar...
Global Logistic Properties (GLP), a unit of the Government of Singapore Investment Corp, is in talks to acquire a majority stake in China's Airport City Development, people familiar with the matter said yesterday. Airport City Development, which is 40 per cent-owned by Beijing Capital International Airport (BCIA), is the sole developer of air cargo handling and bonded warehouse logistic facilities for...
Spottiswoode 18 is a luxury freehold condo located within the Tanjong Pagar precinct, which will gradually be transformed into a bustling seafront and entertainment hub. Two themed sky terraces on the 14th and 24th floor offer you a world of endless possibilities. From practising yoga to pampering your body and soul. Admiring the city skyline to an evening stroll in the company of lush greenery. Catching...
The Housing and Development Board's (HDB) latest public housing project, Punggol Topaz, is a hit with home buyers. As at 5pm on Tuesday, it received 6,846 applications for the 1,010 units available. This works out to nearly 7 applications for each unit offered. Applications close at midnight. But the strong demand for new flats is proving to be a continuing problem for those in search of their first...
A jump of interest in high-end luxury homes pushed prices in the segment, which has underperformed the rest of the market over the last two years, to a fresh all-time high in Q4 2010. In the rest of the market, prices of private homes as well as HDB resale flats grew more slowly in the fourth quarter compared to the first three quarters of last year. Flash estimates released by the Urban Redevelopment...
Residential property prices in Singapore continued to rise in the fourth quarter, capping off a full year of strong growth for 2010. Based on initial flash estimates, prices of HDB resale flats for the full year rose almost 14 percent while private home prices increased by 17.6 percent. But signs are emerging that the market is stabilising, as the rate of growth slowed in the fourth quarter. According...
Prices of private residential properties hit a new high in the fourth quarter of 2010. This is according to the latest flash estimates from the Urban Redevelopment Authority (URA). The price index for private residential property rose 2.7 per cent to 194.8 points. This compares with 2.9 per cent in the previous quarter. For the full year, the price index increased by 17.6 per cent in 2010. For the...