General

The Scala @ Serangoon

Location: Serangoon Ave 3 (District 19)Tenure: 99 years leaseholdYear of Completion: 2013Site Area: 149,378 sqftTotal Units: 468 Unit Types:1 bedroom ~ 473 sqft2 bedroom ~ 828 sqft2 + study ~ 893 sqft3 bedroom ~ 1,033 sqft3 + study ~ 1,108 sqft4 bedroom ~ 1,270 sqft Features:Close Proximity to Australian International School and Stamford American International School10 mins walk or 1 MRT...

HDB organises seminar to help retailers enhance business

The Housing and Development Board is organising a retail seminar as part of its efforts to help HDB retailers stay competitive and relevant. The seminar, entitled "The Insights of Doing Heartland Business", will dispense practical tips and best practices for retailers to enhance their business. HDB says it is critical for HDB retailers to continually widen their retail knowledge and practices. The...

An eerily quiet May

The ongoing European debt crisis has had greater success in cooling Singapore's red-hot private housing market than a cluster of anti-speculation measures or even the recent announcement of a sharply-accelerated Government land supply programme. Show flats, which at times have resembled crowded scenes at a sale, have grown eerily quiet. This is partly because many developers have delayed their project...

Office rents in prime financial district up by 25% over next two years: analysts

Rentals for international Grade A office space in Singapore's financial district may climb at least 25 per cent in the next two years. Analysts said Grade A office rents have already hit bottom, and will likely pick up from the second half of this year. Singapore's Marina Bay Financial Centre is one of prime areas in the city offering a new generation of office buildings. They are less than 10 years old...

Marina Bay Link Mall phase one take-up rate at 80%

Marina Bay Link Mall said it has leased 80 per cent of the retail space for phase one of its development, while phase two has also seen healthy take-up at 66 per cent. The mall which will open in November this year is expected to serve over 50,000 workers and residents in downtown Marina Bay. More high-end homes like The Sail and Marina Bay Residences are being built in the downtown area, and Marina Bay...

S’pore top country for business, barriers in rest of ASEAN: study

Singapore has been ranked the best place to do business in the world, but barriers remain for the rest of ASEAN, a study released in Vietnam on Thursday said. The World Economic Forum index ranked 125 countries based on their performance in four main areas: market access, border administration, transport and communications infrastructure and general business environment. Singapore kept the top rank it...

ERA agents reminded to be careful in choice of words in written communication

Real estate firm ERA has reminded its property agents to be careful in their choice of words when it comes to written communication. In an email to its more than 3,000 agents on Tuesday, ERA's associate director of Asia Pacific, Eugene Lim, said agents have a responsibility to communicate the latest property market information to customers. But agents are not to "twist the information and use them as...

20,258 flat owners register subletting agreements with HDB

As of end April, 20,258 flat owners who sublet their rooms have registered with the Housing and Development Board (HDB). Under new rules that kicked in February, new subletting agreements have to be logged with HDB within seven days. Flat owners must also inform HDB of changes to the tenant's particulars, and if they renew or terminate contracts. However, there is no need to seek prior approval for the...

Developers’ bullish bids

Property developers are still bidding aggressively for land despite the Government's announcement of more land sales in the second half of this year. As the tender closed for the residential site at Upper Serangoon yesterday, a top bid of $113.7 million had been submitted by China based developer Qingdao Construction. That translates to $607 per square foot (psf) - the second highest recorded for a...

Qing Dao puts in top bid for Upper Serangoon residential site

Developer Qing Dao Construction has put in a top bid of S$113.7 million for a residential land parcel in Upper Serangoon. That works out to about S$607 per square foot. Consultants Colliers International said this is also the second highest price recorded for a 99-year leasehold land parcel sold by the government for non-landed housing in the city fringe area. The tender by the Urban Redevelopment...

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