More than 70 per cent of the 182 apartments released for sale at Vista Residences have been sold within a week of its launch. The 280-unit development in Balestier offers one-bedroom units and penthouses ranging from 617 square feet to 2,575 square feet. Prices started at S$960 per square foot and the average selling price was S$1,070 per square foot. The 130 apartments taken up were mostly bought by...
General
Property consultants Credo Real Estate has just released a unique cluster of 18 shophouses in the Joo Chiat area for sale by tender. The properties are owned by a family trust, who is seeking offers in the region of S$25 to S$30 million. The cluster consists of two back-to-back rows of nine units of freehold three-storey shophouses which are part of the gazetted Joo Chiat Conservation area. One row faces...
National Development Minister Mah Bow Tan said the HDB resale market is stable despite prices rising 1.2 per cent between April and June. Market watchers had expected HDB prices to continue to slide with recessionary pressures. Although HDB resale prices have risen in the last quarter, Mr Mah said there is no real cause for concern for now as long as there are no wild fluctuations in price movements and...
The opening of Singapore's first casino has been put back several months due to shortages of labour and materials, the chairman of developer Las Vegas Sands said Wednesday. Sheldon Adelson said Marina Bay Sands will open early next year for its initial phase, after being originally slotted to welcome its first visitors by the end of this year. "The opening date we seriously anticipate will be in January...
Singapore and Hong Kong are the two most trade-conducive economies, the World Economic Forum said on Tuesday in a study that placed the United States in 16th place, its performance affected by fears of crime and terrorism. The WEF said in its Global Enabling Trade Report that Singapore and Hong Kong, in addition to offering a trade-friendly business environment, "are endowed with well-developed transport...
From Wednesday, motorists heading to Sentosa can now travel via the newly completed bridge. Costing more than S$80 million, the new bridge will cater to the projected 13 million visitors slated to visit Resorts World at Sentosa, set to open early next year. The current link will be used for outbound vehicles to ease traffic flow. These changes are a part of Singapore Land Transport Authority's...
SINGAPORE is now the 10th most-expensive city in the world for expatriates, according to a survey conducted by human resource and financial consultant Mercer. The Republic climbed three places from last year, knocking Italy's Milan out of 10th place in this year's Worldwide Cost of Living survey. The most expensive city for expatriates is Tokyo, which overtook Moscow. Osaka moved to No 2 after the yen...
Central Mall Katong...
CapitaCommercial Trust (CCT) said on Tuesday almost half of its leases expiring this year have been renewed. The REIT has also signed on new leases and renewals for an aggregate area of some 336,000 square feet in the first four months of 2009. Key tenants include Legg Mason, BNI, Koufu and parent company, CapitaLand. It gave the update as ratings agency Moody's upgraded its outlook. The ratings agency...
Wee Hur Development has submitted the highest bid of S$22.9 million for an industrial site at Woodlands Avenue 4. The Urban Redevelopment Authority (URA) has closed the tender on Tuesday for the site after receiving 8 bids in total. The site spans about 2.5 hectares and has a gross plot ratio of 2.5. Wee Hur's bid translates to about S$34 per square foot. Soilbuild Group put in the second highest bid...