The Housing and Development Board (HDB) has committed another S$550 million to upgrade the living environment for another 54,000 homes in three middle-aged towns - Pasir Ris, Tampines and Hougang. Launching the HDB's 50th anniversary celebrations at Tampines Town on Sunday, Deputy Prime Minister Teo Chee Hean said the government has already spent S$540 million in these three towns to the benefit of some...
General
NET office demand surged in the second quarter of this year to its highest quarterly level since Q3 2007. Urban Redevelopment Authority figures released yesterday showed a net increase in demand of 398,264 square feet in Q2, up about 68 per cent from the previous quarter. The Singapore office market has not seen such strong quarterly take-up since Q3 2007, when net demand of 646,000 sq ft was...
New Creation and City Harvest don't flout new rules but will have to abide by usage curbs: URA THE commercial investments of New Creation Church and City Harvest Church do not infringe the Urban Redevelopment Authority's (URA) new guidelines, it has been clarified. But plans for the one-north hub and Suntec Convention Centre will have to comply with restrictions on the use of commercial space for worship,...
Private home prices in Singapore continued to trend up, but at a slower pace. Data released by the Urban Redevelopment Authority (URA) on Friday showed that overall prices rose by 5.3 per cent in the second quarter of 2010, compared to 5.6 per cent in the first three months of the year. The increase pushed the residential property price index to an all-time high, surpassing the market peak of 181.4...
Private home prices in Singapore continued to trend up but at a slower pace. Data released by the Urban Redevelopment Authority showed that overall prices rose by 5.3 per cent in the second quarter of 2010, compared to 5.6 per cent in the first three months of the year. This was marginally higher than the initial forecast of a 5.2 per cent climb for Q2 reported earlier this month. The increase pushed...
Prices of HDB resale flats have hit a new high in the second quarter of this year. According to the latest statistics released by the Housing Development Board (HDB), the resale price index in the second quarter this year rose 4.1 per cent over the previous quarter, compared to the increase of 2.8% in the first quarter of this year. The median Cash-Over-Valuation (COV) amount amongst all resale...
Frasers Centrepoint Trust (FCT) has announced a third quarter distribution per unit of 2.07 cents. That's 6.7 per cent higher than the DPU of 1.94 cents achieved in the same quarter last year. Distributable income over the period rose 34.6 per cent to S$16.3 million while net property income jumped 46.3 per cent to S$21.5 million. FCT said the increase in revenue was helped by contributions from its...
CapitaRetail China Trust (CRCT) said its distribution per unit or (DPU) increase to 2.07 Singapore cents in the second quarter. That's up 6.7 per cent on-year from the DPU of 1.94 Singapore cents compared to same period a year ago. Net property income over the period rose slightly 1.9 per cent on-year to S$19.8 million. CRCT's distributable income also rose some 7.3 per cent on-year to S$12.9...
Ascendas India Trust said its distribution per unit (DPU) for the first quarter stood at 1.66 cents. That's down 19 per cent from the DPU of 2.06 cents achieved in the same period the previous year. Unitholders' distribution in the first quarter also fell 19 per cent on year to S$12.67 million. Ascendas said this was mainly due to realised gains in the first quarter last year of S$4.1 million from the...
DB resale flat prices have hit record highs again. Prices rose by 4.1 per cent in the second quarter of 2010 compared with the previous quarter. This makes it the fifth straight quarter of increase. The HDB resale market continues to attract keen interest. Analysts said the demand is driven by those who don't qualify for a new flat or want a flat quickly. These are the singles, permanent residents, flat...