THE opening of MRT stations along the Downtown Line in Phase 2, which connects Bukit Panjang to Rochor, would result in property prices surging - especially in areas on the outskirts of Singapore, said property agents. Seven out of 10 property agents my paper spoke to said that the cash-over-valuation (COV) amount for Housing Board flats in Bukit Panjang has increased by at least 10 per cent in the past...
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Logistics REIT MapletreeLog has acquired another property in South Korea. Worth 28 billion won ($32 million), the property consists of a three-storey warehouse and a four-storey warehouse. The entire property spans 28,700 square metres. Its vendor, Multi-Q Logistics, specialises in the storage and distribution of fast-moving consumer goods, said MapletreeLog. The acquisition is set to boost...
There are two methods through which one can buy an Housing Development Board (HDB) flat: Either purchase a new flat directly from the HDB, or a resale flat on the open market. A new flat from HDB tends to be much cheaper than resale flats in the same area due to subsidies from the HDB. For example, a four-room flat in the recently announced Senja Gateway development in Bukit Panjang is priced at $242,000...
A day after more details of the Downtown Line were announced, observers are already predicting a hike in property prices in those areas. Residents of Tampines and Bedok can expect five more stations serving their estates. And Jalan Besar will see a new station as well. Homes around the Downtown Line linking Singapore Expo in the east to Bukit Panjang in the north-west are likely to see property prices...
Soaring home prices in parts of Asia have sparked concerns over whether Asian banks have overextended themselves in housing loans. But market experts at the Invest Fair 2010 Conference on Friday believe that Asian banks - unlike their Western counterparts - will not be as vulnerable to real estate risk. This is because they are subject to stricter rules since the governing authorities are more...
Ascott Reit acquisitions make it 6th-largest property trust in S'pore Ascott Residence Trust (Ascott Reit) is acquiring 28 properties from its sponsor and 48-per-cent shareholder, The Ascott, for $969.6 million to become the sixth-largest property trust in Singapore in terms of assets. In turn, The Ascott will buy a serviced apartment building, Ascott Beijing, from Ascott Reit for $214 million, to...
Suburban condominium developments with good accessibility and in close proximity to popular schools and amenities like public transport, shopping and eateries continue to stay at the top of homebuyers’ wish lists, despite a recent runup in average prices. Newly completed projects continue to command a premium. For instance, at the recently completed 659-unit The Parc Condominium — a massive...
Details of the eastern section of the Downtown Line are out, and residents of Tampines and Bedok can expect five more rail stations serving their estates. But they may have to wait a little longer than planned, as the line will be completed in 2017. The challenge of engineering works is one of the reasons given for the one-year delay. Residents in the east will have another MRT line to town. The...
Having specialised, ready-made industrial facilities is the way to go if Singapore wants to lure more overseas investors here. The Economic Development Board (EDB) said small and medium-sized companies will likely be the main users of such factories. Sectors like aerospace and precision engineering are those that need functional, ready-made infrastructure. EDB said that having such facilities will...
JTC Corporation will launch an industrial site for sale by public tender on August 23. The 4.65-hectare site is located at Yishun Street 23 and Yishun Avenue 9. The plot which has a 60-year lease is on the Confirmed List of the industrial government land sales programme. JTC said the site will be developed as a ramp-up factory with direct vehicular access to all commercial units within the...