The world's largest hotel company Wyndham Group is starting operations in Singapore by managing two new hotels at Balestier Road. Wyndham will partner a joint venture (JV) between local property developer Hiap Hoe and Superbowl Holdings. This is also the JV's foray into the hospitality sector. The busy Balestier Road area is fast becoming home to more hotels. The latest two will be managed by the...
General
Is there a role for Singapore's Housing and Development Board (HDB), now that the entire population has been housed? Prime Minister Lee Hsien Loong said the answer is "Yes" as the HDB is still responsible for providing good public housing and fostering social integration. Speaking at its 50th anniversary, Mr Lee also revealed the board will celebrate half a century of achievements by building its one...
Mainboard-listed Frasers Centrepoint Trust (FCT) plans to raise up to S$182.2 million in a private placement. It said on Tuesday that it will launch a placement of 137 million new units at an issue price between S$1.29 and S$1.33 per new unit. This means it would raise gross proceeds of between S$176.7 million and S$182.2 million. The issue price of the new units represents a discount of between 3.7 per...
The second phase of the Circle Line will open to passengers on April 17. The 11-station stretch, from Bartley to Dhoby Ghaut stations, will start operations almost a year after the first five stations were opened to the public last May. With this new opening, about half the Circle Line or about 16 stations will connect commuters to places like the new Sports Hub through Stadium Station, to Suntec via...
Location : 53 Holland Rd (District 10) Tenure : Freehold Year of Completion : 2011 Site Area : 3,376.10 sqm (36,340.34 sqft) Total Units : 26 Unit Types : Garden Unit ~ 2 Bedroom & Library (1,281 sqft) Garden Unit ~ 3 Bedroom (1,496 sqft) Garden Unit ~ 3 Bedroom (Loft Units 1,841-1,970 sqft) Garden Unit ~ Triplex (3-Storey) (2,756-3,261 sqft) 1 Bedroom + Study (1,668 sqft) 2 Bedroom (Level 1 /...
City Developments (CDL) said it has sold 85 per cent of the units in its Cube 8 development, located at the former Albany and Thomson Mansion site along Thomson Road. Private previews for the former sites' owners, directors and staff of CDL started last Thursday and the public preview began on Friday. Over the weekend, all the one- and two-bedroom apartments have been sold. Singaporeans made up the...
A survey has found that almost eight in 10 people who used housing agents here encountered "bad service" of some sort. The survey by Ngee Ann Polytechnic found that 77 per cent of respondents said they met with bad service from their agents. Some of the respondents' top grouses were that their agents failed to negotiate a good price, that they gave the wrong advice and that they were late for...
Private home prices in Singapore continued to recover in the fourth quarter of last year, growing 7.4 per cent on-quarter. According to data from the Urban Redevelopment Authority, the rise is a slower pace from the 15.8 per cent jump in the previous three months. But analysts expect the cost of homes to still creep up this year, and match the peak levels seen in the second quarter of 2008. Mass market...
Prices of resale HDB flats continued to rise in the fourth quarter of last year, bringing the full-year increase to 8.2 per cent. Statistics from HDB also showed that the median cash premium paid by home buyers doubled quarter-on-quarter. But analysts said the market may be approaching a limit. 93 per cent of resale transactions in the 4th quarter of last year were above valuation and the cash premium...
Healthcare real estate investment trust, First REIT, reported Friday that its fourth quarter and full year distribution was little changed. Its distribution per unit (DPU) for the fourth quarter was 1.92 Singapore cents, just one per cent lower than the 1.94-cent DPU announced over the same period a year ago. For the full year, DPU was unchanged at 7.62 Singapore cents. In terms of its net property...