Private home prices in Singapore fell 4.7 per cent in the second quarter of this year, compared with the previous three months. Although that marked the fourth straight quarter of falls, the pace of the decline appeared to be moderating. Prices fell a record 14.1 per cent on quarter in the January to March period. The second quarter decline was also better than 5.9 per cent fall predicted in the advance...
General
The resale prices of HDB flats rose by 1.4 per cent in the second quarter of 2009, higher than an initial estimate of a 1.2 per cent increase made earlier this month. This comes after a slight drop of 0.8 per cent in the three months ending March. Resale transactions also increased, jumping from 6,400 cases in the first quarter to 10,000 cases in the second quarter. The median cash-over-valuation (COV)...
CapitaMall Trust (CMT) will distribute 2.13 Singapore cents per unit to unitholders in the second quarter – down 39 per cent from a year ago due to a higher number of units as a result of a recent rights issue. Excluding the adjustment for new units through the rights issue, its distribution per unit would have risen about 15 per cent. All in, the trust had S$67.9 million to distribute in the second...
DESPITE the economic recession weighing on the property market, some Singapore-listed real estate investment trusts (Reit) that posted their results yesterday maintained or raised their payouts for the quarter ended June compared to a year ago. CapitaRetail China Trust Distribution per unit (DPU) in the second quarter rose 14.1 per cent from a year earlier to 1.94 cents. Distributable income was $12...
THE sizzling-hot property market and the rush by buyers to secure choice units have led some property agents to turn greedy. Some agents are offering potential buyers their services to secure a booking for their choice units if they pay them a commission. This has prompted at least two marketing agencies to warn their agents against this practice. This scheme is reportedly rampant at the freehold...
Mainboard-listed retailer Isetan (Singapore) will open its sixth Isetan department store here by end-2010 in the upcoming Serangoon mall called nex. To cost a reported $1.3 billion, the store is said to be Isetan's first in 15 years in Singapore. It will occupy a total retail area of about 53,000 square feet over three floors, Isetan said yesterday. Source : Today – 24 Jul...
More homeowners at Horizon Towers are putting their units up for sale after the proposed $500 million en-bloc sale to a joint venture led by Hotel Properties Ltd fell through in April. The 99-year leasehold property near Orchard saw a total of eight transactions from June 1 to 26 versus only one deal in May. There were four units sold at an average of $848 psf, from June 19 to 26, according to caveats...
Property developer TID will hold a preview of its newest condominium project - Optima@Tanah Merah - before the end of this month. Located next to the Tanah Merah MRT Interchange along New Upper Changi Road, commuters will be able to get to the city centre by train in less than 20 minutes and to Changi International Airport in about 6 minutes. The 99-year leasehold development has 297 units that...
The upcoming suburban mall Nex located at Serangoon Central has leased 60 per cent of its lettable space. Its developer Gold Ridge said retailers like Isetan, Courts and Challenger are among its key tenants. Gold Ridge added that Isetan has secured a 53,000-square foot space, spanning three floors. This will be Isetan's first new department store in Singapore since 1995. Another first, the developer...
Mapletree Logistics Trust has reported a second quarter distribution per unit (DPU) of 1.48 Singapore cents, down 27 per cent from a year earlier. The fall in DPU was mainly due to the enlarged number of outstanding units as a result of the rights issue last August. Net property income for the three months ended June rose 19.2 per cent to S$45.7 million. Distributable income meanwhile rose 26.7 per cent...