K-REIT Asia has reported a distributable income that is 24 percent higher than forecast at S$11.2 million. This is for the eight months from the end of April when the property trust was listed on the Singapore Exchange. K-REIT cited higher rental income and higher rental rates for new and renewed leases for the strong performance. For the three months to December, it booked a distributable income of...

More than 85 per cent of the en bloc transactions for 2005 and 2006 were located in district 1 (Marina Bay), the prime districts of 9,10 and 11, as well as district 15 (Katong), according to a report by Savills. Experts agree as property developers continue to build and sell projects, they need to acquire new land to continue the business cycle. With land being a premium in the prime districts, the...

Even as developers gloat all the way to the bank with their new projects continuing to fetch stratospheric prices, a little remarked fact is that it has led to an oxymoronic development in the industry — pricey new launches that are “affordable”. Despite the fact that prices for many of these new projects are hitting 10-year highs such as the nearly $1,700 per square foot (psf) prices seen at the...

By the time the Sentosa Cove land parcels are fully sold by the year-end, slices of Singapore’s Southern Islands could be up for sale to the world’s richest men looking for a mini-Monaco in Asia. According to documents obtained by Today from a Singapore Tourism Board (STB) presentation, the tourism body is planning to launch a Request For Concepts (RFC) for the cluster of seven islands by the first...

Create a world all of your own The luxurious home of your dreams is now a stunning reality. Presenting the magnificent freehold Sky@eleven. This stunning, iconic condominium development in the heart of District 11 represents a new epitome in exclusive living. With its unmatched spaciousness, breathtaking views and superb location, Sky@eleven will inspire you to live a life without limits or...

Evergro Properties has reported a full-year profit of S$7.5 million. This is nearly six times higher than its income for 2005. Evergro says the better performance is due to an increase in the sale of golf memberships and income from its golf course operation. Going forward, the unit of Keppel Corporation expects the strong growth of the Chinese economy and foreign investments to be maintained this...

A new residential project at Meyer Road is setting a new benchmark for properties in that area. According to developer GuocoLand, apartments on the higher floors of its boutique development, The View @ Meyer, have achieved selling prices of close to S$1,700 per square foot. The average price for other units facing the sea is close to $1,500 per square foot. This is a price level not seen in the Meyer...

Shareholders of Mapletree Logistics Trust have approved plans by the trust to issue new units. Under the proposal, first announced last month, Mapletree is seeking to raise up to S$349 million to help boost its market share in Asia. The funds will be used partly to fund the acquisition of 15 new distribution centres and warehouses in Singapore, Malaysia, Japan and China, and to refinance 5 properties in...

St. Thomas Suites, an iconic freehold condominium, standing 33 stories high, with a striking curvilinear profile - a distinctive creation of the renowned Japanese architect Miyake Masaki. At St. Thomas Suites, you can own a stunning home at the edge of Orchard Road, one of the world’s most famous shopping and entertainment destinations. Orchard Road is without doubt Singapore’s most desirable...

In a move that will address the dual directions that luxury and mass market private homes increasingly move in, the Urban Redevelopment Authority (URA) is set to introduce different price indices for various segments of the market. As early as the end of this month, the URA could provide more information for its private property price index (PPPI) when it’s due to present the figures for the final...