City Developments said the structure of the new W Singapore Sentosa Cove hotel is ready while the adjacent Residences at W Singapore Sentosa Cove is nearing completion. In an update on the construction of the luxury resort, CDL says it will be a cosmopolitan oasis for tourists and locals alike and is reminiscent of world-famous locations such as Port Grimaud along the French Riviera. The developer added...
General
The Singapore Accredited Estate Agencies (SAEA) is rolling out a series of courses to help real estate firms comply with regulations of the recently-formed Council for Estate Agencies (CEA). The agency said the courses will assist agencies to put in place standard operating procedures (SOPs) and guidelines for their operations. These SOPs and guidelines are needed by April next year - as stipulated by...
SC Global has announced the upcoming opening of commercial space for its residential development, Martin Number 38. Three lifestyle brands will open at Martin Number 38. These are: The Mill, a hip boutique gymnasium by Fitness Factory, and two awarding-winning restaurants, Graze and Kha. The luxury residences developer added that the restaurants will feature chic and casual all-day dining. The cuisine of...
The asset manager of Marina Bay Financial Centre said it has received "very strong interest" from prospective tenants for Phase Two of its Marina Bay Financial Centre project. This is when marketing efforts have not yet started for Phase Two. Phase Two includes the Marina Bay Financial Centre Tower 3, which is slated for completion in 2012. Raffles Quay Asset Management said that about 56 per cent of...
Bear in mind the importance of value investing as you look for your ideal property DESPITE the numerous government measures introduced to cool the property market, the high-end residential market in Singapore has not been adversely affected. To begin with, the measures so far are targeted at the mass market which has seen property values rising ahead of economic recovery. Based on Jones Lang LaSalle...
The battle among banks here - both local and foreign - to acquire mortgage customers is intensifying as expectations gain ground that the Government will announce new measures to cool the residential property market. Malaysian bank CIMB, for instance, is offering to charge private-home buyers only 0.65-per-cent more than the three-month Singapore Interbank Offered Rate (Sibor), which is currently at 0.44...
Property developer CapitaLand on Wednesday said it has entered into a joint venture with Mitsubishi Estate Asia and GIC Real Estate to invest in residential projects in Vietnam. CapitaLand will invest US$100 million for a 50 per cent stake. Each of the other two partners are investing US$50 million for a 25 per cent stake. The joint venture will use the committed capital for acquisitions and development...
Land investment firm Walton International has set its sights on what it believes is growing demand in Asia for its products. It has embarked on an exercise to improve its branding, with the industry's image tainted by news of scams. It hired a public relations firm for Singapore last month and is looking to do the same for other markets. The company buys up large areas of land and divides them up into...
More Chinese investors are entering the Singapore property market, according to property consultant DTZ. Among non-Singaporeans, mainland Chinese buyers have grown significantly in number from 2009, recording their highest ever share of 20 per cent in the third quarter this year. This puts them on par with Indonesians as the second-largest group of non-Singaporean buyers after Malaysians, who topped with...
Demand is burgeoning for Grade A new office space in Singapore. Citibank Singapore has agreed to lease more than 250,000 square feet of office space at Asia Square, which will house the US bank's new corporate office as well as its largest trading floor in Asia Pacific. This is the largest leasing transaction in Singapore's central business district in two years, according to real-estate investment firm...