WHETHER the property market is up or down, some areas are always popular, according to new analyses from property consultancy Savills Singapore. Its list of perennial property hot spots includes one surprise locale far from the city centre. District 15, which includes the Katong, Joo Chiat, Amber Road, Marine Parade and Tanjong Rhu areas, consistently topped all 28 regions in terms of the number of...
General
Much-anticipated index shows private home prices edged up just 0.2% in February Prices of non-landed private homes held steady in February, a new index set up to track residential property prices here shows. The Singapore Residential Price Index, or SRPI, showed that private home prices across the island rose just 0.2 per cent month-on-month in February 2010, after climbing 2.2 per cent in January. But...
It's clear skies for the industrial investment market with the influx of foreign investors, say LEE PEI YING and DONALD HAN THERE has been a change in foreign investors' perception of the industrial market over the last 10 years. Industrial properties have evolved from being a non-core investment product to a preferred asset class. This became more marked around 2008. Before that, en bloc industrial...
ABOUT a quarter of the 56 units released for The Residences at W Singapore Sentosa Cove were sold over the weekend for prices starting at $3.4 million. This upscale condominium, which is part of the trendy 'W' boutique hotel brand, is being built by City Developments. Its spokesman said the price achieved during the exclusive by-invitation-only preview was in line with its launch price of between $2,500...
MINORITY owners will get to go ahead with their suit over the failed $500 million Horizon Towers en bloc deal. The High Court yesterday threw out an appeal by two former sales committee members who had applied to block the owners' action against them. Three sets of minority owners are suing the pair - ex-committee chairman Arjun Samtani and ex-member Tan Kah Gee - over costs incurred in the course of...
I THANK Mr Thomas Toh for his letter last Tuesday, 'Restore Clifford Pier to new glory', in which he reminisced about the bumboats that used to ply Clifford Pier. Following the construction of the Marina Barrage, bumboats and other commercial vessels now operate from Marina South Pier. There are still small boats, water taxis and cruise boats that will ply Marina Bay to ferry visitors to and from the...
NATIONAL Development Minister Mah Bow Tan is on a three-day working trip to Hong Kong, starting today. He will meet senior officials from the Transport and Housing Bureau, the Hong Kong Housing Authority, and the Estate Agents Authority, to learn more about their experiences in regulating real estate agents, said the Ministry of National Development in a statement yesterday. The ministry had announced...
FAMILY ties among public housing residents have strengthened over the years, the Housing and Development Board's latest sample household survey shows. The survey, which covered 8,000 households, also revealed a growing trend among married couples to live near or together with their parents. The survey explored three main aspects of family ties - living arrangements, interaction and support and the...
WEF report also shows big role govt plays in Republic's high ranking Even before the full rollout of the ambitious Next Generation National Broadband Network (Next Gen NBN), Singapore has moved up two places to the second spot in the global Networked Readiness Index (NRI) ranking published by the World Economic Forum (WEF). The NRI is part of the 2009-2010 Global Information Technology Report, a widely...
From Seletar Aerospace Park to Biopolis and Fusionopolis, estates showcase green technologies for a sustainable environment DEVELOPING industrial parks used to be relatively straightforward - clear the land, build the factory blocks and companies will come and set up their production lines. But JTC Corporation's job has got more complex over the years as Singapore's manufacturing sector moved up the...