If you're looking to buy a private high-end property, market watchers said the resale market appears to be offering better deals right now. They said discounts of up to 50 per cent can be found in the resale market for Singapore private properties compared to developer launches where prices may only be lowered by about 20 per cent. Property market sentiment appears to be recovering with developers...
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Cove Development says that 49 former tenants of Ideal Accommodation have decided to stay on at The Grangeford after the June 30 deadline. They are being offered rental rates of between S$2,600 and S$3,500 for a whole apartment. Until the deadline, residents can continue to stay at The Grangeford rent-free, while they seek other accommodation. Cove recently took control of The Grangeford, after...
Mainboard-listed Aztech Group has signed a deal to buy a property worth S$10.5 million from shipyard Swissco Structural Mechanical. The property located at Pandan Road includes an existing office building, five warehouses and a waterfront. Aztech intends to use internal sources of funds and external borrowings to finance the purchase of the property. Aztech said in a statement that it bought the...
Mainboard-listed Parkway Life Real Estate Investment Trust (REIT) said Friday that its issuer default rating was downgraded. Ratings agency Fitch cut Parkway Life REIT's rating to 'BBB' from 'BBB+', giving it a stable outlook. Fitch said the REIT could be impacted by its sponsor, Parkway Holdings, the owner of Parkway Hospital Singapore. Parkway Hospital is the operator of the REIT's three hospitals...
The poor economic climate has affected many neighbourhood retailers but there'll be some relief through the housing board's scheme to bring shoppers back into the heartlands. It's spending S$12 million to renovate 33 sites islandwide, covering some 3,000 shops, more than double the amount spent in its pilot scheme in 2007. The owner of a fish stall in Bukit Batok estate said his business saw a 10 to 20...
Singapore's prime shopping belt Orchard Road is set for a revival, with three new malls to be launched by the end of the year and two refurbished fronts. The malls include Orchard Central and 313@Somerset, and the new fronts are at Mandarin Gallery and Park Hotel Orchard. That amounts to about 1.8 million square feet of new retail space, bringing the total space available at Orchard Road to eight million...
Location: Woodleigh Close (District 13) Tenure: 99 years leasehold Year of Completion: 2012 Total Units: 330 (5 blocks, 15 storeys) Unit Types: 1 bedroom ~ 418 sqft 2 bedroom ~ 823-878 sqft 2+1 bedroom ~ 956 sqft 3 bedroom ~ 942-1088 sqft 3 (Dual Key) bedroom ~ 1149 sqft 4 bedroom ~ 1366 sqft EXCELLENT LOCATION *Situated on elevated ground *Unblocked views *North - South Facing Orientation *5 mins away...
Gallop Green is an exclusive 53 unit project at Woollerton Park, amidst the landed houses. It is 5 minutes drive to the Holland Village and Orchard Road and there are many buses at the main road of Farrer Road. It is also minutes walk to Farrer Road MRT station. The apartments are combed with modern fixtures and fittings and the appealing factor is the full glass windows, roof terraces and...
Fragrance Assets, a unit of mainboard-listed Fragrance Group, has put in the top bid of S$15.5 million for a hotel site at Short Street. The Urban Redevelopment Authority said it received a total of 15 bids, ranging from S$8 to S$15.5 million. Other companies that had tendered for the site include Regal Land, Centurion Properties and Sim Lian Land. Property consultancy CBRE said the strong response...
Brokerage Nomura said prices of residential assets in Singapore will take a W-shaped recovery, instead of its previous forecast for a U-shaped upturn. In a research report, Nomura predicts that there will be a positive quarter-on-quarter rise in property prices in the third quarter this year. This could occur because developers have seized on the recent positive market sentiment to clear their...