The value of property investment sales in Singapore hit a record low in the fourth quarter of 2008. In its latest report, real estate consultancy Colliers International said total investment sales in the three months to December fell by 93 per cent on-year to nearly S$577 million. This is the lowest since the property market picked up four years ago. It also represents a drop of 68.8 per cent from the...
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CapitaCommercial Trust (CCT) will pay 11 cents per unit for its full year 2008, up 26 per cent from the previous financial year. The trust reported distributable income of S$153 million for its financial year ended 31 December 2008. CCT said it performed well in 2008 because of higher rental reversions and the addition of the One George Street property to the portfolio. The trust has also refinanced...
Singapore mainboard-listed Evergro Properties has posted a 178 per cent increase in full-year earnings. Net profit for the year ended in December came in at S$545,000. Revenue for the period rose 9.8 per cent to S$43.6 million. According to the property firm, sales last year were primarily driven by its projects in China, namely Changzhou and Tianjin, adding S$36.8 million to its coffers. Evergro noted...
K-REIT Asia's distribution per unit (DPU) climbed one per cent for the 12 months ended December 2008, hitting 8.91 Singapore cents. Total revenue for the period was up 84.2 per cent to S$23.4 million. The strong results were attributed to increasing rental rates. But real estate trust said in a filing to the Singapore Exchange that the current economic downturn is expected to affect its earnings,...
Jiā is the mandarin word for home. A place that gives you comfort, warmth and serenity. At Jiā, you’ll be pleasantly surprised at how easy it is to get away from the hustle-bustle of city living. This exclusive 7 storey development comprises only 22 units – 19 apartments and 3 penthouses. Jiā is situated at 65 Wilkie Road amidst lowrise buildings. It is nestled in the quiet and prestigious...
THE grey clouds hovering over the private property market here have gotten even darker. Islandwide launches of new private homes last month slumped to a record low since the Urban Redevelopment Authority (URA) started releasing the monthly data in June 2007. Developers placed just 157 units for sale last month, down nearly60 per cent from November. And out of these, they managed to sell 131...
Location: 38 & 40 Cairnhill Road (District 9) Tenure: Freehold Year of Completion: 2013 Site Area: 78,047sqft Total Units: 229 (2 blocks, 20 storeys) Unit Types: 1 bedroom ~ 549 | 667 | 721 sqft 2 bedroom ~ 883 | 1,001 | 1,345 sqft 3 bedroom ~ 1,281 | 1,302 | 1,313 | 1,765 | 1,927 sqft 4 bedroom ~ 1,819 | 2,573 sqft Penthouse ~ 3,853 | 4,768 | 4,833 sqft Facilities: Swimming Pool (50m x 12m), Jacuzzi,...
Islandwide launches of new private homes in December 2008 slumped to a record low since the Urban Redevelopment Authority (URA) started releasing the monthly figures in June 2007. Developers placed just 157 units for sale last month, down by 59 per cent from November. Analysts said there has been softening demand for homes. But the low launch volume could also be due to seasonal adjustment and developers...
A new bridge linking mainland Singapore to Resorts World at Sentosa is expected to open later this year. Resorts World said it should receive traffic ahead of its grand opening. The 710-metre bridge is expected to serve some 15 million visitors a year once the resort is fully operational. After completion, the traffic flow to Sentosa will be realigned. The three lanes are capable of handling some 6,000...
The Singapore Police Force is setting up a dedicated security centre at Marina Bay to manage the challenges expected once the integrated resort there has been completed. The new Marina Bay Neighbourhood Police Centre (NPC) is expected to have 180 officers, three times the number of staff for each existing centre. The other 32 existing neighbourhood police centres have an average of about 70 officers...