Five privately owned wet markets won't be converted into air-conditioned supermarkets if Sheng Siong takes over. This is because HDB told MediaCorp, the supermarket chain has expressed taking over the wet markets in their existing state. The wet markets are located in areas like Choa Chu Kang, Bukit Batok and Serangoon North. Earlier, stallholders at the Serangoon Wet Market were trying to garner 3,000...
General
Revenue from government land sales fell 41 per cent to S$7.3 billion in the last fiscal year ended March 2009. But analysts said despite the decline for the full year, land prices have actually risen 30 per cent in the past six months and there are some concerns that this could lead to another property bubble. Showflats have been packing in the crowds for many months now. Demand for land has also picked...
Property consultancy DTZ said on Thursday investment sales here tripled in the third quarter of this year. Total property investment value in the July to September period jumped 200 per cent on-quarter to S$2.3 billion. Historically though, the figure is still below the S$4 billion to S$12 billion mark achieved quarterly between 2005 and 2008. DTZ attributed the increase in investment sales in the third...
Property developer CapitaLand said on Thursday that it will hold an extraordinary general meeting or EOGM on its plan to list its shopping mall business. It is seeking approval for the proposed public offering of shares in CapitaMalls Asia. On Monday, CapitaLand announced that it is re-organising its retail unit by having CapitaMalls Asia hold its shopping mall business, including the retail real estate...
Mainboard-listed high-end property developer, SC Global, said on Wednesday it has sold six units of its project at Sentosa for record prices. The units of its Seven Palms Sentosa Cove development were sold at an average price of about S$11 million per residence, with prices ranging between S$3,100 and S$3,400 per square foot. These are higher than the previous peak of about S$2,734 per square foot for a...
The Urban Redevelopment Authority (URA) received 15 bids at the close of the tender for the residential site at Serangoon Avenue 3 on Wednesday. The site, which was originally on the Reserve List of the Government Land Sales Programme, was launched for public tender on September 9. The 99-year leasehold site has an area of about 13,877 square metres and a maximum permissible gross floor area of 38,857...
The Housing and Development Board (HDB) will launch another eight "build-to order" (BTO) projects for flats by the end of this year. These projects will be launched in Sengkang and Jurong West this month, two projects in Punggol next month and four projects in Dawson, Bukit Panjang and Sembawang in December. National Development Minister Mah Bow Tan, who viewed one of the selection exercises at the HDB...
Sales of small non-landed private properties in Singapore have hit an all-time high, even before the year has ended. According to property consultant CB Richard Ellis, 412 units with a size of 500-square-feet or smaller have been sold this year so far. This is a stark contrast to 1995, when just one unit of that size was sold. CBRE said it has seen a rising trend in the popularity of such small homes -...
Located in a quiet neighbourhood of popular district 10, Parvis (formerly Holland Hill Mansion) boasts a well-known address highly sought after by both locals and expatriates. The development is highly accessible via major roads, such as Holland Road, Queensway and Farrer Road and nearby Farrer MRT Station and Holland MRT Station. The Singapore Botanic Gardens, Holland Village and...
CapitaLand said on Monday its wholly-owned unit CapitaLand Retail will be listed on the SGX mainboard and be renamed CapitaMalls Asia. Following a corporate reorganisation, CapitaMalls Asia will hold CapitaLand's integrated shopping mall business, including the retail real estate fund and REIT management business. CapitaMalls Asia will have 86 malls in its portfolio, with a total property value of S$20.3...