Tree House, The Holland Collection being launched this weekend Developers plan to launch more residential projects this weekend - even though home sales slowed in April after a strong showing in March. 1,761 new private homes were sold in March - a 47 per cent month-on-month increase. But sales have come off this month, market watchers say - though there have been exceptions. UOL Group said that it sold...
General
HOUSING markets everywhere are fraught with market failures and there is no housing market in the world devoid of government intervention. I am stating the obvious, of course, but it bears repetition, especially in the light of the growing frenzy in the residential property market in Singapore. There are two schools of thought, diametrically opposed, on what should be done. Would-be home buyers,...
GOVERNMENT policies aimed at cushioning the financial crisis and cheaper utility bills have helped bolster Ascendas Real Estate Investment Trust's (A-Reit's) full- year distributable income by 11.4 per cent to $234.9 million. Distribution per unit for the year ended March 31 fell by 13.7 per cent, from 15.18 cents to 13.10 cents, and for the fourth quarter by 15.5 per cent, from 3.23 cents to 2.73 cents,...
INDOCHINE pub and restaurant chain owner Michael Ma went to the High Court yesterday in a bid to reclaim $386,000 he had paid for the option to buy five conservation shophouses. He had handed over 5 per cent of the Tanjong Katong Road shophouses' total worth of $7.7 million thinking he could buy them for commercial use. But he later found out they were partially restricted to residential use. Mr Ma...
The Urban Redevelopment Authority (URA) will be organising two public forums next month to gather feedback for the upcoming Concept Plan 2011. URA earlier formed two focus groups to consider issues that will shape Singapore's environment in the years ahead. Over the past four months, the focus groups have met to discuss quality of life, ageing, sustainability and identity issues The groups will share...
IN light of the upcoming ministerial community visit by Law Minister K Shanmugam, Joo Chiat Constituency yesterday gave an update on the success of its clean-up efforts and also announced that it will be promoting both active ageing and youth activism within its community. In a media briefing, Joo Chiat MP Chan Soo Sen spoke on grassroots efforts to counter the incursion of karaoke pubs, massage parlours...
ASCENDAS Real Estate Investment Trust (A-Reit) saw a 1.4 per cent dip in its distribution per unit (DPU) for the fourth quarter ended March 31, from 2.77 cents to 2.73 cents. For the financial year, the Reit saw an 11.4 per increase in its DPU from 11.76 cents to 13.10 cents. These comparisons were based on the proforma DPUs from the previous financial year, which took into account the units issued from...
Net property income up 28% to $13.9m in Q1; distribution per unit at 1.33 cts RECENT acquisitions have boosted K-Reit Asia's financial results for the first quarter ended March 31, 2010. K-Reit yesterday posted a net property income of $13.9 million - 28 per cent higher than a year ago. The trust received more rental income from the six strata floors in Prudential Tower which it bought late last year,...
K-REIT Asia said its first quarter distribution per unit (DPU) rose 12.7 per cent to 1.33 cents compared to a restated DPU of 1.18 cents recorded in the same period last year. Distributable income for the three months ended March 31 rose 13.8 per cent to S$17.8 million from S$15.7 million in the previous year. K-REIT said this was due mainly to higher net property income and income contribution from One...
The Urban Redevelopment Authority (URA) is organising two public forums next month to gather feedback on the recommendations of its Concept Plan 2011. The Concept Plan 2011 maps out the long term directions for Singapore's land use and transportation plans over the next 40 to 50 years. As part of the process, URA is organising the public forum to engage and involve Singaporeans on plans to shape the...