Singapore’s booming residential property sector is finally showing signs of cooling but projects including the two integrated resorts developments should underpin long-term prices, analysts say. The market was described by real estate giant Jones Lang LaSalle as the world’s hottest in 2007, when the city-state’s property prices surged 31 per cent overall. But this year the sector has not escaped...
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Inspired lesisurely living. D10 location, freehold. Enticingly near Orchard. Abundant greenery. Lovely unobstructed views. SIGNATURE AT LEWIS - EVERYTHING A PREMIER ADDRESS SHOULD BE Location : 1 Lewis Road (District 10) Tenure : Freehold Year of Completion : 2011 Total Units : 32 (1 block, 12- storeys) Unit Types : 1 BR 2 BR 4 BR 4 BR Penthouse + Pte Pool 4 BR Penthouse + Pte Pool Location Map...
Positive consumer sentiment and the Great Singapore Sale have provided some support for the retail property market in Singapore, according to property consultants DTZ. It said given the general uncertain global outlook, tenants have resisted committing to higher rents, and this has kept the retail sector stable during the second quarter. Going forward, analysts said they see at most a marginal increase...
Frasers Hospitality - the property arm of mainboard-listed Fraser & Neave - is planning to grow its presence in the emerging markets of China, India and Vietnam. Revealing this at a news briefing on Thursday, Frasers said it plans to add about 5,000 serviced apartment units to its portfolio over the next two years. It is scheduled to open 10 new properties this year, and another 25 over 2009 and...
Construction not putting tenants off Sentosa Cove is slowly, but surely, attracting high-end tenants with the completion of an estimated 300 homes, including the 200-unit The Berth by the Cove condominium. Despite ugly construction sites dotting many parts of Sentosa, the first luxury condo units and landed properties have drawn rents comparable to, if not higher than those in prime districts on the...
The leasing market in Sentosa Cove is starting to pick up, as more units are ready for occupation, according to property consultants Colliers International. With some 300 units at Sentosa Cove having temporary occupation permits, Colliers said the leasing market could be starting to take shape. Numbers from the Urban Redevelopment Authority showed that some 51 leasing contracts were recorded for homes...
Business parks are set to see occupancy rates go beyond 90 per cent by the end of June this year to hit a new peak, according to property consultants CB Richard Ellis (CBRE). At the end of March, the average occupancy rate for business parks stood at about 88 per cent. CBRE said office space shortage and persistent rent increases are driving office tenants towards industrial properties. This has pushed...
Singapore will introduce a new Long Term Pass (LTP) card to all foreigners residing in Singapore on Student’s Pass (STP), long term visit pass, Employment Pass (EP) and Dependant’s Pass. The move is part of the government’s initiative to enhance the national security of the country, said the Immigration & Checkpoints Authority (ICA) and the Ministry of Manpower (MOM) in a joint statement on...
Urban Resort is located in the coveted District 9 of Singapore, right in the heart of Orchard Road. It’s only 3 minutes away from Somerset MRT Station and walking distance to Orchard Road shopping belt. This development consists of large 3 & 4 bedroom unit sizes which are a rarity in the city living Singapore. With only 64 units in the development, Urban Resorts ensures exclusivity for a chosen...
IT ROSE to fever pitch just 12 months ago, but as the latest property market figures roll in, the en bloc charge could be all but over for property owners and developers alike. Price growth in the private residential market slowed for the third straight quarter to 0.4 per cent, even as Housing Development Board resale prices grew strongly by 4.4 per cent between April and last month. This petering off in...