Just as doors open for you at certain stations in life, we’re pleased to present to you a window of luxurious living at Carinhill Residences. Designed to surround you in an oasis of a privileged lifestyle, Carinhill Residences is a reflection of your refined taste of every turn in its exclusive apartments. From its close proximity to Singapore’s shopping and entertainment hub of Orchard Road,...
The property market, which in the past few months has been driven largely by an interest in high-end residential developments, is starting to enjoy a more broad-based recovery. This observation was made by Mr David Neubronner, executive director of Savills Residential, at a weekend property seminar organised by Singapore's largest private developer (Far East Organization) in conjunction with Today and DBS...
Maybank says it wants to grow its home loan business in Singapore.This was announced on Wednesday during a news briefing to introduce its new Singapore country head - Pollie Sim. Over the past year, Maybank's share of the home loans sector in Singapore grew by three-fold, with 30 percent coming from HDB homeowners. As part of the strategy to focus on the development of its consumer banking business,...
Large format retail stores are the way forward, especially in a climate of rising rentals.This is according to retailer Courts, at the sneak preview of its new megastore which is set to launch as early as mid-December.Courts is investing a total of S$80 million into creating the store and it expects to breakeven by the second year. Spend a certain sum of money on your furniture and furnishings, and you'll...
The Urban Redevelopment Authority (URA) has received eight bids for its tender for the proposed commercial and hotel development at Collyer Quay.The tenders will be evaluated through a two-envelope system. Tenderers are required to submit their concept proposals and tender prices for the 2.7 hectare site in two separate envelopes. The concept proposals will be evaluated first by a Concept Evaluation...
CapitaCommercial Trust said Wednesday its distributable income for the third quarter rose 19.2 percent from a year earlier. The commercial property investor reported that distributable income for the three months ended September 30 was S$19.4 million, or 1.80 Singapore cents a unit, compared with S$16.3 million a year earlier. For the month of September, which follows the joint acquisition of the...
Ascendas REIT says its distributable income for the first half of the year improved by 20 percent on year.This amounts to over S$80 million. This will give a distribution of 6.25 cents per unit for the six months to September. For the second quarter alone, its distributable income was up 19 percent to S$40 million. In line with the growing economy in Singapore, the property trust expects demand for...
Indonesia's Lippo Group has bought a waterfront condominium site on Sentosa for nearly S$235m. It beat six other bidders for the site which measures about 2.2 hectares. The purchase price works out to about $818 per square foot per plot ratio. The site, dubbed the Marina Collection, will be developed into luxury waterfront residences. Lippo can build a condominium of up to four storeys, with a maximum...
Retailers bagged good sales in the first half of this year and the trend is set to continue. However, analysts say strong demand for prime retail space is likely to push rentals up by some five percent over the next 12 months. Consumers spent some $24b on shopping, and food and beverage last year. Retail sales was up by nearly 8 percent compared to 2004, while F&B spending rose by 2.8 percent. This...
Wing Tai has signed a collective sale agreement to acquire Ardmore Point at Ardmore Park for S$201 million. It plans to redevelop the 60,500 square foot site into a new residential property development for sale. The site has plot ratio of 2 point 8 times. Wing Tai earlier bought Newton Meadows, Belle Vue in Oxley Walk, and Phoenix Mansion in Cairnhill Road to add to its land bank. Source: Channel...