Singapore is the world's most preferred city for business meetings for the second year running. The city-state is named the "Top International Meeting City" in the Union of International Associations 2008 Global Rankings. Singapore edged out cities like Paris, London and Tokyo. The country also moved up one notch up from 2007 to third position as one of the top three preferred countries for...
General
Hospitality group Banyan Tree is on track to develop one of Vietnam's largest integrated resorts. The phase one development of its US$900 million beachfront project Laguna Hue will commence on Saturday with a groundbreaking ceremony. The Singapore-listed company raised US$283 million for the project through a real estate fund established in 2008. When the first phase of the 280-hectare project is...
The showflat was only due to open today. But on Monday, some, mostly property agents, were already lining up for units at the Optima condominium at Tanah Merah. They went home after developer TID made it clear the queue would not be recognised. However, this did not stop hundreds from turning up early yesterday - leading to a massive queue and the occasional ugly spat over queue-jumping. The result? TID...
Location: Toa Payoh (Junction of Lorong 2/3 Toa Payoh)Tenure: 99 years leasehold wef 15 July 2008Year of Completion: 2012Site Area: approx 150,212 sqftTotal Units: 590Unit Types:Studio ~ 465 sqft (19 units)1+study ~ 690 sqft (25 units)2 bedroom ~ 860 to 926 sqft (117 units)2+study ~ 1,012 sqft (19 units)3 bedroom ~ 1,100 to 1,280 sqft (298 units)4 bedroom ~ 1,560 to 1,730 sqft (112 units) Email...
WHEN the original Punggol 21 vision was unveiled 13 years ago, enthusiasts who bought homes in the sleepy estate became disillusioned when the model waterfront living failed to materialised and facilities were slow to appear. But then the dream was revived with a bang two years ago - and since then, interest has been strong, with recent HDB Build-To-Order (BTO) projects seeing robust demand. Yesterday...
Suntec Real Estate Investment Trust said its second quarter distribution per unit rose 6.6 per cent to 2.97 cents. This was on the back of higher net property income which rose 6.2 per cent on year to S$149 million for the three months ended June. The property trust said this was mainly due to higher rents achieved for the Suntec City and Park Mall properties. As at June, the committed occupancy for its...
Singapore-listed Ascendas India Trust said it will pay 2.05 cents per unit for its fiscal first quarter. This was up 25 per cent over the same period a year ago. All in, its first quarter distributable income to unit holders came to S$15.7 million. The rise was on the back of a 15 per cent increase in net property income to S$18.3 million for the three months ended June. The manager of the trust said a...
There was a flurry of transactions for condominiums in the neighbourhood of Bayshore Road and Upper East Coast Road, with at least half a dozen apartments changing hands in the week of June 26 to July 3, according to the URA Realis database of caveats lodged. Property agents say the heightened activity is partly due to the euphoria surrounding URA’s new home sales figures for June, which, at 1,825...
The Housing and Development Board (HDB) launched another Build-To-Order (BTO) project in Punggol on Thursday. Punggol Residences offers 769 flats, comprising 615 units of 4-room flats and 154 units of 5-room flats. It is a premium contract with enhanced architectural designs, improved facades and better landscaping. The flats will come with full finishes such as timber strip flooring for the bedrooms,...
Singapore property developer CapitaLand said on Thursday it slipped into the red during the second quarter with a net loss of S$156.92 million (US$108.76 million) – its first quarterly loss since 2003. This compared with a profit of S$515.2 million in the same quarter last year. CapitaLand said the June quarter loss was due to revaluations and impairment provisions the property developer took during...