Location: 65 Cavenagh Road (District 9) Tenure: Freehold Site Area: approx 101,193 sqft Year of Completion: 2014 Total Units: 200 Unit Types: Studio ~ 581 - 754 sqft 2 bedroom ~ 1,033 -1,389 sqft 3 bedroom ~ 1,302 - 2,992 sqft 4 bedroom ~ 1,561 - 2,131 sqft Penthouse ~ 1033 - 2,809 sqft Facilities: Swimming pool with sun tanning water deck * Children's pool * Hydrotheraphy pool * BBQ * Children's...
General
The upcoming Marina Bay Sands integrated resort in Singapore could break even at the operating level within the first or second month of opening. This bullish forecast was given by Las Vegas Sands CEO Sheldon Adelson. He said the resort is set to open at the end of March 2010 although it could be delayed by a couple of weeks. When fully completed, the Marina Bay Sands integrated resort will boast of more...
THE cautions have come in fast and furious as investors and speculators continue to plough into the property market, which has seen prices rising sharply in the last few months. Various parties - including the Monetary Authority of Singapore (MAS) - have issued warnings that if the economy proves to be weaker than expected, or if interest rates start rising in a rebounding economy, property buyers,...
Since June this year, transaction prices of apartments at the 910-unit City Square Residences in the secondary market have increasingly crossed $1,000 psf, hitting a high of $1,271 psf in August, when a 570 sq ft studio apartment on the 26th floor of one of the two 30-storey towers was sold for $725,000. Since October, however, more units have been changing hands in the resale market at prices above the...
Businessman Andy Ong was looking to buy a second home for investment along River Valley Road where he lives. The 45-year-old was excited when he saw that Adria condominium's showflat, which was within walking distance of his home, was ready for viewing. But he was in for a surprise. 'When I got there, I found out that the actual project site is in the Thomson Road area,' he says. 'Even though the...
The heat is on for the Marina Bay Sands integrated resort to open with a bang next year. But with delays and escalating construction costs earlier this year, people have been left guessing when the doors will open. Sources have told MediaCorp the earliest the resort will start operations is in April. But some industry observers said June is a more realistic date. They said the resort is determined to...
Prices of resale landed homes in the prime districts of 9, 10 and 11 in the fourth quarter have reached levels that surpassed the previous peak in the first quarter of 2008. According to a DTZ Research report, the average price of freehold landed resale homes in the prime districts increased 4.6 per cent in the fourth quarter to reach a new high of S$1,447 per square foot (psf). This is about 12 per cent...
The value of non-residential properties here has more than tripled this year. Property consultancy Jones Lang LaSalle's auction house said on Thursday that the quantum of non-residential properties has jumped from last year's S$26.9 million to S$101.18 million to date. It said the rise is due to investors being attracted to the higher rental yield from non-residential property, compared with an...
Logistics company CWT said that it is in advanced talks on the proposed sale and leaseback of its logistics facilities in 24 Penjuru Road and 2 Fishery Port Road. These facilities could eventually be included in the proposed listing of a real estate investment trust (REIT). However, CWT said it has not reached any definitive agreements yet and has not received any regulatory approvals for the proposed...
CapitaLand's wholly owned serviced residence unit, The Ascott, said it is making a foray into the Eastern European market. It's opening a property called Citadines Tbilisi Freedom Square in Tbilisi, Georgia. Ascott said the property is the first international serviced residence to operate in Georgia. It added that the property consolidates and strengthens Ascott's presence in Europe, where it already...