All-round trade growth is buttressing Singapore's position as the world's busiest container port and ship fuelling hotspot, despite increased competition from China and other parts of the world. In the latest numbers, a record 24.8 million container loads passed through the Singapore port last year. And to top it all, numbers for fuel sales and ship calls also hit record highs. 2006 was a bumper year...
The spotlight is starting to turn on mass market residential properties. Following record prices set by the high-end sector recently, developers are seeing good response to new launches at the mass market end, and if recent soft launches are anything to go by, the units are seen being snapped up in no time. Blossoms @ Woodleigh was launched last weekend, and already some 100 of the 240 units on sale...
While its efforts to attract foreigners here are bearing fruit, the Government needs to apply the same acumen to making sure they fit in once they land on our shores. To do so, it needs to stop viewing them in terms of purely dollars and cents — that is, offering them only economic opportunities. "We need to look at integration policies, which are as complex as our immigration policies … What we...
Tucked away in the alluring ambience of one of the most prestigious neigbourhoods, Orange Grove Residences is the perfect enclave for the ones who value an exclusive retreat above all. You will find yourself the ideal escape from the pressures of the everyday. From the signature lush greenery to the serene waterscapes, here lies a picture of calm and simplicity. It promotes the idea of an abode where...
WITH the buying frenzy for high-end apartments still fresh in memory, property developers now seem ready to cash in on the hype, with two of them poised to test the waters of mass market condominiums. This weekend, NTUC Choice Homes is set to preview YewTee Residences, while Frasers Centrepoint Homes is officially unveiling the ClementiWoods Condominium. Both these 99-year leasehold developments will...
Location: 20 - 30 Wilby Road (District 10) Tenure: Freehold Year of Completion: 2003 Total Units: 443 Unit Types: 2 Bedroom ~ 958 - 1,270 sqft 3 Bedroom ~ 1,313 - 1,679 sqft 4 Bedroom ~ 1,615 - 1,776 sqft Penthouse ~ 3,358 - 3,671 sqft LUXURY FREEHOLD LIVING IN BUKIT TIMAH The Tessarina is situated along Bukit Timah Road. The development, ideally located within the prestigious District 10 neighbourhood, is...
One day after announcing it has taken a 20 percent stake in a Macau casino project, CapitaLand says it is exploring further opportunities in the leisure and entertainment sector. The Singapore developer is eyeing projects in China, India, Japan and Vietnam and may set up a real estate investment trust based on these projects. The comment came from President and CEO Liew Mun Leong during Wednesday's...
Property consultant CB Richard Ellis (CBRE) has painted a rosy outlook for real estate investment trusts in Asia in 2007. It said it expects Asian REITs to follow their present expansionary trend this year. CBRE cited robust economic conditions, continued demand for property and a more benign interest rate outlook for its optimism. But it also warned that investors should be mindful of the volatility...
A 24-unit, walk-up apartment block off Amber Road was sold collectively on Tuesday, to a subsidiary of Far East Organisation for $28 million. The sale drew four bids and achieved more than 80% consensus from the owners, becoming the first residential en bloc sale of the year. The site sits next to the Chinese Swimming Club and covers an area of nearly 2,000 square metres. It is zoned for residential use...
While the euphoria and hype of the high-end residential property market have yet to filter down to the mass and mid-market segment, where home prices are still in the doldrums, it is a happier situation in the rental market. Rents for private residential apartments across the board are edging towards their 1997 peak, say experts. “Rentals are picking up quite a lot — by 8 per cent to 10 per cent on...