Singapore's residential collective sales market is poised for larger deals after rebounding strongly this year from a virtual lull last year, according to real estate services firm DTZ Research. Since the start of the year, 34 residential collective sale deals worth a total of about $1.5 billion have been transacted, according to DTZ's quarterly report. The burst of activity this year followed the...
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CapitaLand said that its China unit sold, over the Christmas weekend, more than half of the units in a high-end residential project recently launched for sale in Beijing. A tower comprising of 220 units at the Beaufort condominium was released for sale on Christmas day. "To date, about 60 per cent of the units have been sold," CapitaLand, which counts on China for about a fifth of its sales, said in a...
More than 80 per cent of the 217 units released at residential property The Tennery have been sold, said its developer Far East Organization. Located at the junction of Woodlands Road and Choa Chu Kang Road, 181 units were taken up at a preview. Far East Organization said selling prices of The Tennery ranged from S$950 to S$1,300 per square foot. The Tennery is an apartment complex sitting on the...
Singapore's residential collective sales market has rebounded after a virtual lull last year, and prospects of larger deals look good going forward, said real estate services firm DTZ Research. Since the start of 2010, DTZ's quarterly report said, 34 residential collective sale deals worth a total of S$1.47 billion have taken place. The burst of activity in the market followed the solitary sale of Dragon...
The Singapore Conference Hall and the adjoining Trade Union House which was the former home of the labour movement, have been gazetted as National Monuments by the Preservation of Monuments Board (PMB). Also being gazetted are three Esplanade Park Memorials, the Lim Bo Seng Memorial, Tan Kim Seng Fountain and Cenotaph. This brings the number of Singapore's National Monuments to 63. The Board said the...
The developer of Medini, the flagship site under Malaysia's Iskandar Development Region in Johor, is stepping up efforts to attract investments. A sales and marketing programme will officially kick off in the first half of 2011, in neighbouring Singapore and one of the key targets will be small and medium enterprises. The company in charge of developing the site, will also look at other ways to boost...
Singapore has seen a record number of visitors this year, and hotels have said that business is almost at pre-crisis levels in 2008. It has been a good year for Royal Plaza on Scotts, and it is not afraid to show it, with elaborate Christmas decorations at the hotel's lobby and facade. Patrick Fiat, General Manager of Royal Plaza on Scotts, said: "Occupancy and rate was very good, and we've won quite...
Most heartland malls have reported significant profits this year, compared to profits recorded last Christmas. That's because many customers are snapping up traditional Christmas items there. At Thomson Plaza, for instance, last-minute shopping is a breeze. Supermarket giant FairPrice says the sale of traditional favourites like turkey and ham has gone up by at least 30 per cent compared to last...
UOL Group (UOL), the property firm controlled by United Overseas Bank chairman Wee Cho Yaw, has raised further its interest in United Industrial Corp (UIC). On Friday, wholly-owned subsidiary UOL Equity Investments bought 50,000 shares in UIC in the open market for S$2.40 each, raising UOL's interest in UIC to 42.024 per cent. The purchase comes two days after UOL boosted its stake in UIC to 42 per cent...
Analysts say malls across Singapore will be stepping up their game next year, now that retail spending looks set to increase due to robust growth and higher tourism arrivals. More landmark developments will be open from next year, on the stretch of the iconic Orchard Road. Orchard Road Business Association executive director Steven Goh said: "...Orchard Road is a street where it continues to reinvent...