General

The Republic's private home prices are still inching higher - albeit at the slowest pace in five quarters - even after the government imposed additional property curbs to avoid the risk of a sharp correction that could be destabilising to the city-state’s economy. An index tracking private residential prices increased 0.5 per cent in the three months ended Sept 30 compared to a 3.4 per cent advance in...

The rise of private home prices slowed sharply in the third quarter after the government announced measures to cool the red-hot market, data released by the Urban Redevelopment Authority (URA) on Monday (Oct 1) showed. Private home prices rose 0.5 per cent in the July to September period, a sharp slowdown from the 3.4 per cent rise in the second quarter and 3.9 per cent rise in the first quarter....

Prices of resale flats for the third quarter fell 0.2 per cent, continuing a declining trend, according to flash estimates released by the Housing and Development Board (HDB) on Monday (Oct 1). The resale price index - which provides information on the general price movements in the resale public housing market - is estimated to have slid to 131.5 from 131.7. Resale prices for HDB flats have been on...

Located adjacent to the Kallang River, Jui Residences is a 117 contemporary crafted units development in an 18-storey tower with column-less layouts, allowing maximum natural lighting and cross-ventilation. Jui Residences is a waterfront residential development in park-like settings, with convenient amenities for its community surrounded by an integrated transport network – including the Potong Pasir and...

Opendoor, a startup that flips homes, attracted attention in June when it announced it had raised US$325 million from a long list of venture capitalists. The financing valued the four-year-old company at more than US$2 billion. Three months later, Opendoor has more than doubled its cash pile. On Thursday, the company said that SoftBank's Vision Fund had invested US$400 million in it. The valuation for...

It was once an area struggling with a reputation as a tourist trap, with aggressive touting and overcharging complaints not uncommon. Aside from "unsavoury business practices", the Singapore River precinct wasn't exactly a pretty sight, said Michelle Koh, executive director of Singapore River One (SRO). "We had overhanging cables running from shophouses to the outdoor refreshment area (at Boat Quay),...

The redeveloped Funan mall will open two months ahead of schedule in the second quarter of 2019, instead of the projected third quarter, thanks to smart technologies used in its construction. This was announced on Friday (Sep 28) during its topping out ceremony, which marked the integrated development's structural completion. Its developer CapitaLand adopted new construction methods, such as virtual...

Sabana Reit is selling a data centre in Tai Seng to the government-linked Ascendas-Singbridge Group, with the manager citing its strategy of divesting under‐performing and mature assets. The manager inked a conditional sale and purchase agreement on Wednesday to sell Geo‐Tele Centre for S$99.6 million to a trust, it said. Ascendas-Singbridge, which is jointly owned by state entities Temasek Holdings...

Singapore’s office leasing market is tracking expectations with rents climbing for the sixth consecutive quarter in 3Q18, JLL’s research show. Specifically, the gross effective rents of Grade A office space in the CBD edged up 2.3 per cent quarter-on-quarter (q-o-q) in 3Q18 to average SGD 9.93 per sq ft per month. Rent growth in 3Q18 was broad-based across all submarkets. Mr Chris Archibold, Head of...

A Chinatown site slated for hotel use is up for grabs, with the Urban Redevelopment Authority (URA) launching the land parcel for sale by public tender from the government land sales (GLS) programme's confirmed list on Thursday. The 99-year leasehold, 5,121.4 square metre (55,130 square foot) site, at the junction of Cross Street and Club Street, has a maximum gross floor area of 24,310 sq m and could...