Singapore may have seen the worst of the economic slowdown and some economists believe the country's economy could see mild recovery in the current quarter. This comes after Prime Minister Lee Hsien Loong warned of a prolonged downturn and a tough year ahead in his May Day rally message last week. Mr Lee said the optimistic scenario is for a U-shaped recovery, not a V-shaped one. He also cautioned that...
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Location: Watten Estate (District 11) Tenure: Freehold Year of Completion: 2012 Total Units: 59 Unit Types: Terrace / Semi-Detached / Detached Facilities: Two 60m lap pool, Gymnasium, Outdoor exercise area, Children's play area, Walking tracks, Private car park, 24-hour Security Email [email protected] with the following for more information: Watten Res / Name / Contact # / Unit Type...
Hong Leong Group said it has started to introduce precautionary measures against the spread of swine flu at its various offices. These include increasing the frequency of cleaning and disinfecting all lifts and toilets. By Tuesday, City Developments will also set up checking counters at the building entrances of all its investment properties. The counters will screen visitors and record their...
CapitaCommercial Trust (CCT) is turning the interior ground floor open space at its Market Street property into a fully air-conditioned, themed-food court. The property trust announced on Thursday that the 11,000 square feet space has been leased to food court operator, Koufu. CCT made the move after deciding earlier this year not to redevelop the Market Street Car Park into a commercial building. The...
Hong How Investments tests the market with a new SoHo development LOCAL developer Hong How Investments is testing the market with the soft launch of 14 units in a SoHo development on Armenian street. It has cut its asking price by 12.5 per cent to $2,100 to $2,200 per square foot (psf) from the $2,400 to $2,500 psf range when the developer was first ready for launch last August. While enquiries have...
There have been few transactions at the luxury end of the condominium market this year. But the few sales in the secondary market that have surfaced in the most coveted prime residential address in Singapore, Ardmore Park and Claymore Road, according to the caveats lodged from March 24 to April 7, show that some owners are prepared to let go of their freehold luxury condos at prices below $2,000 psf. At...
Wilkie Studio is a contemporary freehold project nestled within the tranquil and prestigious enclave of District 9, close proximity to the Central Business District, walking distance to Dhoby Ghaut & Little India MRT stations, minutes to Orchard shopping belts, near Singapore’s blooming arts and cultural hub (Nanyang Academy of Fine Arts and the upcoming Schools of Arts), a private oasis of verdant...
Suntec Real Estate Investment Trust (REIT) has booked a distribution income of S$46.4 million for the first quarter – up from S$37.6 million in the same period a year ago. It works out to a distribution per unit (DPU) of 2.918 Singapore cents, up by 16 per cent from a year earlier. In the first three months ended March, the property trust posted a 15 per cent increase in net property income to S$49...
Construction for Singapore's most expensive highway, the Marina Coastal Expressway (MCE), has begun. Costing more than $4 billion, it is much higher than the initial estimation of $2.5 billion due to the difficult soil conditions. When completed, the 5-kilometre road will serve as a high speed link to the new Downtown area in Marina Bay. It will also link up to the Kallang-Paya Lebar Expressway, East...
Recession woes have not deterred Hong Kong billionaire Li Ka Shing from seeking out investment opportunities in Singapore's property market. The tycoon's Cheung Kong Holdings is aiming to increase its investments in the city-state. Justin Chiu, executive director, Cheung Kong Holdings, said: "Actually there are ample opportunities in Singapore right now, so we are looking at various locations. We hope...