The Housing and Development Board (HDB) will launch a condominium site at Bukit Panjang for sale by public tender on Thursday. HDB said earlier this week it had accepted an application under the reserve list system from a developer to put the land parcel up for tender. The 99-year land parcel has a site area of about 244,000 square feet and a permissible gross floor area of 513,000 square feet. The...
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Mainboard-listed Keppel Land said its second quarter net earnings rose 10.4 per cent to S$58.2 million from a year ago, as sales of residential property rose on improved sentiments. Revenue for the three months ended June climbed 34.4 per cent to S$250 million from a year earlier. The developer said sales of its Marina Bay Residences, The Sixth Avenue Residences, Reflections at Keppel Bay and The Tresor...
Location: 26 St Michael Road Tenure: Freehold Year of Completion: 2014 Total Units: 70 (1 tower, 11 storey) Facilities: Sky Swimming Pool, Sky Gym, Sky BBQ Unit Types: Studio ~ 333 sqft (9 units) 1 Bedroom ~ 409 sqft (9 Units) 1+1 Bedroom ~ 484 to 506 sqft (40 Units) 2 Bedroom ~ 624 sqft (9 units) Penthouses ~ 603 to 1,012 sqft (3 Units) Email [email protected] with the following for more info: Air...
Property consultancy Colliers International said the Singapore investment sales market experienced a surge of activity in the second quarter this year. Both the private and public sectors garnered investment sales transactions totalling S$1.35 billion from April to June, nearly four times higher than the previous quarter. Colliers said the renewed buzz in the investment market was supported mainly by...
HSBC is shaking up the home-loans market here by offering a so-called benefits portability feature in such loans. It is enabling its home loan customers who sell their property to continue from where they left off on the sliding interest rate spread on their new home loans. For example, if a customer sells the property in the third year of the loan, he can enjoy a first year loan interest rate of 1.69...
I REFER to "Every transaction should be taxed" (July 20) in which Mr Gilbert Tan Hee Khian compared the high cost of condominium ownership in Singapore to that in Australia and Canada. Mr Tan was invited to a property launch only to be told that all the units had already been sold. The following day, some of the properties were listed in the market for $100,000 more. He viewed these speculators as the...
The Housing and Development Board (HDB) will launch the public tender for a residential site at Bukit Panjang later this week. HDB says it has accepted an application under the reserve list system from a developer to put the land parcel up for tender. Under the reserve list system, the government will put up a reserve list site for public tender if it receives an application from a developer who commits,...
Location: Ang Mo Kio (District 20) Tenure: 103 years leasehold Year of Completion: 2014 Total Units: 329 (1 towers, 34 storeys) Unit Types: 2 bedroom ~ 775 to 911 sqft 3 bedroom (compact) ~ 921 to 1,025 sqft 3 bedroom ~ 1,104 to 1,214 sqft 4 bedroom (compact)~ 1,305 sqft Penthouse ~ 1,660 to 2,244 sqft Contact us at [email protected] with the following for more info: Centro Residences / Name /...
ION Orchard will open its doors on Tuesday in its soft opening, with over 70 per cent of the shops ready for business. It is the second major mall to open in a decade along the prime Orchard Road shopping strip, with 96 per cent of its space leased. After two and a half years, and more than S$2 billion in investment and construction costs, the eight-storey mall, with a retail mix of established brands,...
Singapore-listed K-Reit Asia has reported a second quarter distribution per unit (DPU) of 2.64 cents. This is up 21 per cent from a year ago. The manager of the property trust says the higher DPU was mainly due to higher rental rates for new and renewed leases. Net property income for the three months ended June grew 34 per cent to S$12.3 million. K-Reit says it will pay out 4.99 cents for the period...