DBS on Tuesday (July 24) officially launched an online property marketplace, where interested home-buyers and tenants may browse through listings by both agents and owners, as well as make transactions to buy or rent a property or apply for a property loan. It is the bank's third online portal in under a year, following the earlier launch of two other e-marketplaces for cars and electricity which it...

The manager of Mapletree Industrial Trust (MIT) has announced a distribution per unit of 3 cents for the 1Q ended June, 2.7% higher than its 1Q18 DPU of 2.92 cents a year ago. Net property income for the quarter rose 1.9 per cent to S$69.5 million from a year ago. In a media statement, it said the wider economy and business sentiments of small and medium enterprises in Singapore "remain...

Horizon Towers has extended the closing date for its collective sale tender by more than a month. This following cooling measures that took effect the day after the site had launched for sale on July 5 with a S$1.1 billion reserve price. "The decision was made following feedback from developers that they remain interested in the prime site, but would now require more time to observe and re-assess the...

Freehold residential redevelopment site Sutton Place has been put up for sale by tender with a reserve price of S$268 million, Knight Frank Singapore announced on Monday. A five-storey development comprising 44 apartments, Sutton Place sits on a site area of 8,657.0 sqm (approximately 93,185 sq ft). The site is regular in shape and is elevated away from traffic, overlooking surrounding developments....

A unit of Hong Kong-based developer Wheelock and Co said on Thursday (Jul 19) it had launched an offer for all the shares of Singapore-listed subsidiary Wheelock Properties Singapore at S$2.10 each. Star Attraction, a wholly owned indirect subsidiary of Wheelock and Co, said the voluntary unconditional general offer would allow Wheelock Property shareholders to realise their investment entirely in cash...

The Urban Redevelopment Authority (URA) has commissioned a "more detailed survey" of Singaporeans' views on short-term accommodations, after a public consultation earlier this year yielded mixed results. The survey, to be conducted by a research firm, will complement feedback obtained through the public consultation exercise and meetings with stakeholders, URA said. "We will continue to study the...

Lured by discounts offered by developers, thousands of prospective home buyers flocked to the preview of two private property projects over the weekend, in spite of the latest round of property cooling measures introduced barely two weeks ago. On Sunday (July 22), Daintree Residence at Toh Tuck Avenue in Upper Bukit Timah and The Tre Ver in Potong Pasir were jam packed when TODAY visited. More than 200...

Days after the release of Urban Redevelopment Authority’s flash estimates, the Government announced a new round of cooling measures, which caught many in the housing market by surprise. Authorities might have been right in principle to impose these harsh cooling measures, amidst a private property market heating up. The private housing market experienced an inflexion in prices last year after 15...

Eyes will be on Daintree Residence when sale launches on July 28 - the first condominium to do so since the latest round of cooling measures. The pricing has left analysts divided as the Toh Tuck Road condo will likely go in the region of an average of S$1,800 per square foot (psf), according to Neo Keng Hoe, general manager for the developer SP Setia. Previews began last weekend with 3,000 people...

About 3,000 visitors flocked to the opening day preview for private project The Tre Ver in Potong Pasir on Saturday (Jul 21), just two weeks after higher stamp duties and tighter loan limits were introduced. Units at the 729-unit condominium, which will be completed in 2022, are priced from around S$1,400 psf. But even with the tighter loan-to-value limits, homebuyers Channel NewsAsia spoke to were not...