Facing. Facing the most important within the location factors. "Location Within A Location". This means that even in the same shopping complex, shop units with a better facing generally command higher rentals after considering their unit size. A ground floor shop facing the road or the main concourse commands a higher rental than a shop facing a secondary corridor. Escalators and lifts. The most...
More hotel land sites will be put up for sale over the next few years, according to Minister for National Development Mah Bow Tan.He was speaking to reporters at the launch of the Gardens by the Bay Masterplan Exhibition on Wednesday.The move is in line with the government's drive to attract 17 million visitors to Singapore by 2015. National Development Minister Mah Bow Tan said: "We are ramping up sites...
Lack of new office supply in Singapore will likely push prime office rents up by 69 percent for the next five years.This was the forecast made C Y Leung, Chairman of real estate consultancy DTZ Debenham Tie Leung, during a panel discussion during the Forbes Global CEO conference on Monday.And he predicted that Asia will attract many more foreign names which have absent from the region so far. Prime office...
Real estate consultancy DTZ Debenham Tie Leung said Singapore and Hong Kong are expected to record the highest growth in prime office rents in Asia over the next five years due to a lack of supply of new office space.C Y Leung, chairman of DTZ Debenham Tie Leung, the Asian arm of the global real estate consultancy DTZ, said Hong Kong grade A office rents will likely rise 70 percent between now and 2010,...
It is possible to have a tenancy for any duration you desire. Typically a landlord prefers a 24 month (two year) lease which is the most common period within the Singapore market, however many landlords are willing to consider a 12 month (one year) or even six month lease if that is what you require.. So what are the differences between a 24 month, 12 month and 6 month tenancy? 24 Months Tenancy The...
The development charge for non-landed residential sites for the next six months to February 2007 has been raised by a hefty 9%.This follows the half-yearly review of the rates by the Ministry of National Development.The development charge is paid by a developer to enhance a site's use or to develop a bigger project on it. The 9% jump in development charge for condo projects and apartments is the biggest...
Singapore's property market is continuing to see strong investment sales.Property consultants CB Richard Ellis said the Singapore property market saw more than S$19 billion worth of investment deals so far this year, outstripping the S$13.5 billion for the whole of 2005.For the first six months alone, more than S$13 billion worth of investment deals were recorded. This is thrice the S$3.6 billion recorded...
Residents of some 2,300 private condominium estates can now be assured of better service from their managing agents. There is now a new national standard that aims to raise the level of professionalism of these agents. While only 15% of the population live in private housing estates, the number of condominiums and private apartments has been on the rise. And so there is a growing need for managing...
City Developments Limited is converting a former commercial building in the Central Business District, One Shenton Way, to a condominium and is expected to release units for sale this year. Carlos Ott, renowned for his designs of Opera de la Bastille in Paris, the Hangzhou Grand Theatre and the National Bank of Dubai, has been engaged as the architect for the project. The 99-year leasehold project is...
The Inspira, a freehold project, is located at Martin Road / Arnasalam Chetty Road. It is minutes away to town. The Inspira consist of a block of 13-storey building with 120 units. Choice of 1 / 2 / 3 / 4 / penthouse units. Prices are from $1100psf. Developer is Tiong Aik and its expected TOP is December 2009. Location: Arnasalam Chetty Road District: 9 Tenure: Freehold Year of Completion: 2009 Site...