Mainboard-listed luxury resorts operator Banyan Tree says one of its subsidiaries is selling a hotel asset in Thailand for some S$110 million. The subsidiary, Laguna Resorts & Hotels, is selling the "Dusit Thani Laguna Phuket" in Phuket to Dusit Thani Public Company. The expected gain on disposal for Banyan Tree is about S$68.4 million. The excess of the sale proceeds over the book value is expected...
General
Beijing's efforts to deter property speculators look to be paying off China's property prices rose at the slowest pace in six months in July as the government clamped down on speculation to prevent asset bubbles and keep housing affordable. Prices in 70 major cities climbed 10.3 per cent from a year earlier, the Statistic Bureau's newspaper, China Information News, reported this morning. That was less...
Conveniences that even time simply has no effect on; whether it's the pursuit of indulgences at the City, the generous repose offer by the beach or scrumptious delicacies to sate cravings, these are just minutes from here. It just gets better everyday. A locale synonymous with familiarity for the young and old. It is where leisurely pursuits and paiates can be easily gratified with the scores of popular...
But acquisitions of private apartments and condos slip 7.4% in Q2 Foreigners including permanent residents bought 81 landed homes in Singapore in the second quarter of this year, up from 69 in Q1. And the Q2 figure is the strongest quarterly showing since Q2 2007, according to Knight Frank's analysis of URA Realis caveats information up to July 30. District 15, which includes Katong, Telok Kurau and East...
Final data out Tuesday showed that the economy expanded by 18.8 per cent on-year, lower than the 19.3 per cent increase initially estimated. Compared to the previous quarter, gross domestic product or GDP in the April to June period stood at 24 per cent. That's also just a tad below the 26 per cent on-quarter growth initially forecast. For the first half of this year, the Ministry of Trade and Industry...
Location: Robinson Road (Dsitrict 2) Tenure: Freehold Year of Completion: 2016 Land Size: approx 9,096 sqft Total Units: 148 Unit Types: 1 + study ~ 484 / 495 / 506 sqft 2 bedroom ~ 603 & 614 sqft 2 bedroom garden suites ~ 969 & 1,001 sqft Penthouse ~ 1,087 - 1,346 sqft Facilities: 2 Sky Terraces on 7th & 19th floor Indoor Gym . 2 Pools . Outdoor Fitness Corner . Spa Room . Sky Park Garden...
Q: The state does have a major role in deciding how a large percentage of citizens live, given that 80 per cent of us live in HDB flats. Do you think this will change? I think we can answer that through two perspectives. One is whether the Government will have a big role in deciding our living conditions. The second is whether public housing will still cover such a large proportion. To the first...
Sibor and SOR, rates that mortgages are pegged to, have fallen KEY interest rates that determine mortgage levels have fallen steeply, promising cheaper home loans but even leaner times for those with bank deposits. The rates have been driven down by the economic recovery, which has led to an increased willingness by banks to lend and a flood of cash coming in from foreign investors. The falling rates...
Letter from Hwang Yu-Ning Group Director (Physical Planning) Urban Redevelopment Authority IN HIS Property commentary "Time to relook plot ratios" (July 30), Today editor-at-large Conrad Raj commented that the plot ratios in Singapore could be less restrictive and suggested that plot ratios should be raised for popular areas. The writer also queried the need to restrict the height of developments. The...
Targeting older flats and those in less popular areas can mean paying well below the high cash-over-valuation prices When homebuyer Ng Hui Hui and her husband, Mr Edwin Soon, read newspaper reports of how median cash-over-valuation (COV) prices hit a high of $30,000 recently, they heaved a sigh of relief. This may seem a surprise, given that having to fork out a higher cash premium to snare that...