Nearly 75 per cent of flats on offer at a new Build-To-Order (BTO) project are two- and three-room flats. The Housing & Development Board (HDB) said the 700-unit development, Fernvale Crest at Sengkang, comprises 512 two- and three-room flats. HDB said this is the largest number and proportion of smaller flats offered for sale in a BTO project. The 140 units of two-room flats are priced at between...
General
Residents of The Grangeford condominium off Orchard Road continue to face eviction after their landlord illegal partitions in their units. They were given three days notice to clear out by the landlord, who'd known for at least a month that the partitions breached government rules. Tenants of The Grangeford were informed on Sunday that they had three days to move out. With the deadline looming, many are...
Holland Residences is a freehold property located along Taman Warna. It has a land area of approximately 6,855 sqm and is located within the vicinity of Holland Village. Prominent developments in the vicinity also include Holland Road Shopping Centre and The Mera Saga. Accessibilty to and from the subject property is enhanced by its proximity to the Ayer Rajah Expressway and Holland Road. The proposed...
Cheang Kok Kheong, chief operating officer of Frasers Centrepoint Homes, says he will be “camping out” at the Martin Place Residences showflat over the weekend tomorrow and on Sunday, the first weekend of the official launch of the high-end project. After two weekends of private previews, which saw a total of 150 units snapped up, Frasers Centrepoint Homes officially launched its high-end condominium,...
High-end private homes have seen renewed interest among buyers recently and the trend looks set to continue. Developer Frasers Centrepoint said 15 out of 40 units launched on Friday at its Martin Place Residences have been sold. Frasers said it has lowered prices by about 20 per cent to between S$1,350 and S$1,600 per square foot. It said the homes sold were a mix of studios, two- to four-room units and...
City Developments (CDL) and CapitaLand have fully sold their joint venture Botannia condominium project, located near West Coast Park. The majority of the 493-unit development with a 956-year leasehold was bought by Singaporeans. Foreigners purchased about a quarter of the units. In a statement, CDL said the strong sales is a clear indication that homeowners and investors have become more upbeat,...
The rental cost for industrial properties in Singapore could come down by as much as 30 per cent this year. Property consultants said this is due to a drop in demand as companies scale back their space as well as increased supply. A slump in demand for Singapore's exports has led to factories running at excess capacity and this has prompted companies to either put expansion plans on hold, or even scale...
Singapore-listed Pan Hong Property Group has posted a S$7.8 million loss for the financial year ended March. This reverses a S$39.2 million profit in the previous financial year. The China-based developer said the net loss was mainly due to a sharp drop in revenue as it sold fewer residential units during the financial year. Revenue for the period fell 93 per cent to S$8.4 million. Giving an update on...
CapitaLand's wholly-owned service residence business unit, Ascott, has opened its newest property in northern China. The property - called Somerset YouYi, Tianjin - is located in the heart of the downtown Hexi commercial district. The serviced apartment in Tianjin is the fifth property that Ascott has opened this year. Another eight will follow for the rest of this year, including three in...
The Monetary Authority of Singapore (MAS) has released a consultation paper on a proposal to require real estate investment trusts (REITs) to hold annual general meetings (AGMs). The proposal will affect all REITS which are regulated as Collective Investment Schemes in Singapore. Potential changes include requiring REITS to hold AGMs every calendar year, with an interval not exceeding 15 months from the...