HDB flats throughout Singapore could be completely powered by sunlight in future. With the first phase of HDB's largest solar power project finally complete, three neighbourhoods can now rely on the sun for 80 per cent of their electricity. And HDB hopes to improve that figure to 100 per cent. Some HDB blocks in Bukit Panjang have each been installed with 30 to 35 kilowatt peak solar panels. From...
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ainboard-listed Amara Holdings has announced that it plans to give a $32 million face lift to its shopping mall at 100 Tras Street and re-brand it as "100 AM". Amara said the additions and alteration works to its existing four-storey Amara Shopping Centre is slated for completion in the second quarter of 2012. The revamp will add another 22,000 square feet of supermarket space at Basement 1 to the...
Mainboard-listed Thakral Corporation has set a new strategy for its real estate business and said it will partner with developers as a financial investor. In a filing to the Singapore Exchange, the firm said that as a capital investor, it is looking to invest in affordable mid-sized residential developments located within inner cities in Australia and the Asia Pacific. Thakral said the new strategy will...
Prices for luxury residential property in Hong Kong are likely to fall over the next quarter as investors turn to commercial properties after the government imposed harsh measures to cool the housing market, industry executives said. Hong Kong, which has some of the most expensive apartments in Asia and is home to property tycoons such as Li Ka-shing and Lee Shau-kee, has seen luxury home prices exceed...
Private residential property prices are expected to rise between five and 12 per cent next year. Analysts expect high-end properties to lead the price increase. They say prices in that segment still have room to grow because of the positive economic outlook for 2011. Robust economic growth forecast of between four and six per cent next year and abundant liquidity are making analysts upbeat. Karamjit...
Integrated property developer Soilbuild has received approval from a majority of its shareholders for the firm to be taken private and be delisted from the Singapore Exchange. At the close of its exit offer on December 10, it received valid acceptances amounting to 523.2 million shares representing 99.43 per cent of all shares. As the offeror has received more than 90 per cent of acceptances from its...
Two freehold developments, Euro-Asia Apartments and Bartley Grove Apartments, have been put up for collective sale by public tender. Euro-Asia Apartments, a 56,476 square feet (sq ft) development along Serangoon Road, has a price tag of $142 million. It also has an estimated development charge of about $339,000 or about $899 per square foot per plot ratio (psf ppr). The property comprises of 85 units...
The 509-unit River Place on Havelock Road has recently caught the attention of investors and property agents attribute it to the perception that it could be undervalued relative to other newer projects in the vicinity — for instance, The Pier at Robertson, completed in 2006, where transaction prices in late September/October ranged from $1,696 to $2,032 psf; and Watermark at Robertson Quay, completed two...
Despite the cooling measures introduced by the government in August, many home buyers feel that Singapore properties are still expensive. This is according to the latest survey by property listings site PropertyGuru.com.sg. Steve Melhuish, Chief Executive Officer, PropertyGuru.com.sg, said: "One of the things that came out in terms of the most recent research findings is that people still think that HDB...
More than 270 units of the Prive - the third executive condominium project launched this year - have been taken up by Friday evening. Prior to the start of balloting, analysts have already been expecting a good turnout for the project which is located near the Punggol MRT. They said the 680 two- to four-bedroom units offered will appeal to buyers known as the "sandwiched class". The project was launched...