Singapore's property market is among the worst-performing in Asia for the first quarter of this year. A report by property consultant CB Richard Ellis (CBRE) found that Singapore's prime office rents recorded the region's worst contraction. Compared with the first quarter of 2008, prime office rents in Singapore fell by 34 per cent, followed by Hong Kong which was down by 32 per cent. In terms of retail...
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Brokerage DBS Vickers said the Singapore private property market could pick up this year. In a research report, the firm said the prices of mass market private homes are likely to rise by the second half of this year if demand continues to hold. Mid-tier private residential homes, meanwhile, could see price stability towards the later part of the year. However, DBS Vickers added that the high-end...
Real estate consultancy firm Colliers International says the industrial properties market has been hit by the global financial crisis. Its latest bi-annual survey found that rents, land and capital values of industrial properties in most cities across the Asia Pacific, except for Jakarta, contracted by up to 40 per cent. The study of 13 key cities in the region was conducted between October 2008 and...
Singapore will be home to luxury auctioneer Christie's International's first fine art storage facility in Asia. The Christie's Fine Art Storage Services facility will be located at The Singapore FreePort. The Singapore FreePort at Changi Airport is a Fort Knox-like vault that houses private art collections and collectibles from all over the world. It is supported by Singapore's Economic Development...
Eighty per cent of the high-end Martin Place Residences condominums launched were sold over the weekend. A third of the 302 units available have been launched. The freehold Martin Place Residences is just a few minutes from the heart of Singapore's prime Orchard Road shopping belt. Developer Frasers Centrepoint said the units were transacted at between S$1,260 and S$1,700 per square foot. Six in 10...
CapitaLand's newly released units at The Wharf Residences continued to see strong sales over the weekend, with another 24 units transacted. The developer had earlier sold 85 per cent of the 100 units launched on May 15. All in, CapitaLand said 134 units out of the 173 unit at The Wharf Residences have been sold. Apartments at the 999-year leasehold project are priced at between S$1,300 and S$1,600 per...
Mainboard-listed OKP Holdings has signed a S$3.4 million contract with Singapore's Urban Redevelopment Authority (URA) for environmental improvement works. The infrastructure and civil engineering firm says the first stage of works will begin on May 22 at Siglap Village and is expected to be completed in January next year. The second stage, covering works at Upper Serangoon Road and along the canal at...
Comprising of 46 freehold residential apartments and 3 retail shops, tucked away in its own corner of quietude, yet within close proximity to the city, provide optimum comfort and convenience. Relax and unwind while luxuriating by the pool, enjoy the reflections of the shimmering sun, every moment at Studio @ Marne, is a delightful experience. With MRT station a stone’s throw away and easy drives via...
CapitaLand said yesterday it had released 100 units for sale at The Wharf Residence and sold 85 units. The average price is between $1,300 to $1,600 psf. This brings the total number of units sold to-date at the development to 110. Buyers will also enjoy stamp duty absorption and an interest absorption scheme. The Wharf Residence is a 999-year leasehold condominium located at Tong Watt Road, off Mohamed...
Mainboard-listed property developer and investment group Sing Holdings said it will launch its latest residential development, BelleRive, at 9 Keng Chin Road today. The freehold development is located in District 10, off Bukit Timah Road between Balmoral Road and Robin Road. The 15-storey apartment tower with 51 units will showcase a clean and modern architectural design. Its two and three-bedroom units...