The biggest challenge for emerging markets is transparency and identifying the right partner for placing capital. Leaders in infrastructure and real estate development must deliver inventive and profitable products in order to maintain a strong industry reputation. To secure their competitive advantage, today's development strategists must utilise innovative decision-making skills when considering the many...
General
POTENTIAL landlords, here's a tip: Turn the apartment you are planning to rent out into a "green" home. The reason? More Singaporean renters are clamouring for lower energy costs and an eco-friendly lifestyle. Despite the higher cost of energy-efficient appliances, landlords are moving towards investing in energy-saving air-conditioning units, for example, as a green apartment can command rents which are...
A new survey has found that Singapore and Hong Kong are the least complex, most consistent and most predictable economies in terms of tax policies in the region. Accounting firm Deloitte said these are the findings of its inaugural Asia Pacific Tax Complexity Forecast. It said Singapore and Hong Kong's stable tax policies indicate that many firms continue to choose the two economies as their regional...
HOME buyers and investors keen on getting a cluster house may soon find themselves with an increasingly limited pool of new choices to select from. This is because the number of new cluster-housing launches looks set to fall after this year, following a recent change in Government regulations, say property experts. In the new ruling, which came into effect last February, the Government stipulated a cap...
Pebble Bay, a 510-unit waterfront condominium in Tanjong Rhu, has seen strong interest from home-buyers since early this year. Prices climbed to a high of $1,389 psf in January when a 2,099 sq ft three-bedroom unit on the sixth floor changed hands for $2.9 million, surpassing the previous high of $1,372 psf achieved at the condo in the previous peak of 2007. According to Sheirly Leo, ERA Realty Network...
Unit costs $3.74m; son and daughter-in-law buy apartment unit for $2.47m; review and approval by audit committee CAPITALAND Group president and CEO Liew Mun Leong, and his son and daughter-in-law, have picked up two units at The Interlace at Depot Road/Alexandra Road for a total $6.2 million. Mr Liew, who also sits on CapitaLand's board, paid about $3.74 million for a 23rd storey penthouse, around $1,092...
Mass market housing in China remains affordable, and is unlikely to face the bubble pressures in the high-end segments and top-tier cities. Speaking at an investor conference, CapitaLand CEO Liew Mun Leong added that opportunities in the retail property segment across the mainland continue to expand. The China property market is hot. And fears of an asset bubble on the mainland have sparked government...
Going green has its rewards, especially for Treetops Executive Residences, managed by DTZ Debenham Tie Leung Hospitality Management Services. It has won them the prestigious Green Mark Gold Award, an accolade awarded by the Building and Construction Authority (BCA). Treetops is the first building under the service apartment industry category to receive this accolade. Beyond meeting the stringent criteria...
Many had owned units for less than a year before they sold them for profit Nearly a quarter of those who profitably disposed of a condo or private apartment in the subsale market in the first four months of this year had owned the unit for less than a year, according to an analysis by Savills Singapore. This is higher than the 19.7 per cent who had held their properties for under a year before divesting...
A higher proportion of them are profitable and the gains have shot up, too Subsales are becoming more and more profitable. At the low point of the market in the first quarter of 2009, only 67.5 per cent of the subsales of private apartments and condos yielded a profit. That proportion grew to 95.1 per cent in Q1 this year and 96.1 per cent in April, according to Savills Singapore's analysis of URA...