S’pore-designed: energy-efficient device cools air to 25 degrees Celcius When the Sentosa integrated resort opens in a few years’ time, visitors may enjoy aircon temperatures even as they queue outdoors. This is thanks to a new Singapore-designed device that chills air to about 25 degrees Celsius and consumes 20 per cent of the energy required by traditional air-conditioners using fans and solar...
General
SPRING Singapore is putting its headquarters up for sale ahead of a possible move to the second phase of Fusionopolis at One North. The Government’s enterprise development agency hopes to then lease half of the building’s units: back for the next two years for its roughly 300 employees while its new headquarters is being built. While no deal has been signed for Fusionopolis, it is understood that...
HDB upgraders’ demand for condos outside central region could also rise AS SOARING rental rates add to their cost burden, more Permanent Residents (PRs) are snapping up Housing and Development Board (HDB) resale flats. “Two years ago, you would pay less than $1,000 a month in rent for a four-room flat but now, you would be paying almost $2,000,” said PropNex chief executive Mohamed Ismail. “If...
The SPRING Singapore building at No. 2, Bukit Merah Central has been put up for sale by expression of interest. The property comprises a 22-storey tower block and a six-storey podium block. SPRING Singapore sits on an area of 88,295 square feet and the building has a total gross floor area of 355,153 square feet. The property has a lettable area of 198,744 square feet and is almost fully occupied. The...
UBS said more instability is expected in the relatively cool real estate investment trust (REIT) market before it picks up, and this turnaround could happen as early as the last quarter this year. Although REITs have been under pressure in the current volatile market, some other market-watchers said they expect to see new REITs being launched within the next six to 12 months. Retail and healthcare REITs,...
Mapletree Investments has formed a joint venture with Arcapita Bank of Bahrain to hold a portfolio of industrial properties bought from JTC Corp. The assets are worth a combined 1.7 billion Singapore dollars. Arcapita will hold a 56.5 per cent stake in the joint venture called Mapletree Industrial Trust (MIT). Mapletree will own 25.1 per cent, while the rest will be held by Mapletree Industrial Fund, a...
Located just off Pasir Ris Drive 1, Livia is within walking distance to the Pasir Ris MRT Station and highly accessible via the TPE, PIE and EXP. A Private gate at the Action Zone leads to the Sungei Api Api Park Connector and Pasir Ris Park. An Array of exciting shopping and entertainment amenities inclucing White Sands, Tampines Mall, Ikea, Courts, Giant Hypermarket and Downtown East with E! hub and...
Private residential property prices rose 0.4 per cent in the second quarter of this year, according to flash estimates released by the Urban Redevelopment Authority (URA) on Tuesday. The rise followed a 3.7 per cent increase in the first quarter. Prices of non-landed private residential properties increased by 0.2 per cent in the Core Central Region, 0.7 per cent in the Rest of Central Region and 1.3 per...
Prices of HDB resale flats rose 4.4 per cent in the three months to June over the previous quarter, according to the Housing and Development Board's flash estimate. Straits Vista @ Marsiling This was slightly higher than the 3.7 per cent increase in the first quarter. In the first half of the year, HDB has launched a total of 4,524 new flats. Subject to demand, HDB plans to offer about 3,900 new flats...
AN EXCITING cluster of shops, homes, entertainment centres, hotel and office space - all set within an attractive garden-like environment in the heart of Singapore’s city centre. This is the Urban Redevelopment Authority’s (URA) vision for the 2.7-hectare green field development site, :bordering Ophir and Rochor roads, it is putting out for tender. With analysts forecasting a possible land sales...