Distribution per unit (DPU) at CapitaLand Mall Trust was up for the second quarter on a rise in net property income, the manager reported yesterday. Unitholders can look forward to a DPU of 2.81 cents for the three months to June 30, a rise of 2.2 per cent on the same period a year earlier, while distributable income advanced 2.9 per cent to $100 million. The retail Reit (real estate investment...

Property in Singapore is expensive, whether you are looking to rent, buy your first HDB or upgrade to a private property. Recently, the government has introduced measures to cool the property market, which are expected to benefit HDB properties and could make private properties more affordable. However, it will still be very difficult for people to upgrade from HDB flats to a condo. Beyond the exorbitant...

British and Malayan Trustees as the trustee of Frasers Commercial Trust (FCOT) has entered into an agreement for the sale of a commercial property at 55 Market Street, in Raffles Place for a sale consideration of S$216.8 million. Manager of the trust, Frasers Commercial Asset Management Ltd, said the transaction is expected to be completed by Aug 31, 2018. The sale consideration of S$216.8 million is...

DBS Group Holdings said that the recent rush buy property ahead of the Singapore government's latest price cooling measures may give a temporary boost to its mortgage business but in the longer term, the market is likely to slow down. The country's largest bank expects "a slight ramp-up in mortgage financing requirements" in the next one or two months as a result of the July 5 rush to purchase...

Pinetree Condominium at Balmoral Park enclave has been put on the collective sale market with a reserve price of S$148 million. The development sits on 41,276 square feet (sq ft) of land and consists of predominantly three-bedroom units measuring between 1,162 sq ft and 1,851 sq ft. The site is zoned 'residential' with a plot ratio of 1.6 as per the 2014 masterplan, which translates to a gross floor...

A collection that includes seven freehold shophouses, 15 terrace houses, four walk-up apartments and three plots of state land at the intersection of St George’s Road and Serangoon Road has been launched for sale at a reserve price of $133.7 million. A short four-minute walk from Boon Keng MRT station, the properties have a total land area of 25,621 sq ft. Owners of the 29 units can expect to receive...

The Tre Ver is a 729-unit waterfront development located next to the Kallang River, and is poised to benefit from the government’s initiative to transform the river into a lifestyle hub. Designed by the award-winning architects WOHA, it will preserve most of the existing rain trees lining the riverfront, with lush landscaping that blends seamlessly with the waterfront promenade. The Tre Ver is also...

Residents of new public housing projects launched from July onwards will live in more nature-centric neighbourhoods, with greenery to reduce heat and noise, as well as space for community farming. Under the Biophilic Town Framework, all new precincts will be developed with the aim of allowing residents to connect better with nature, the Housing and Development Board (HDB) said on Wednesday (Jul...

Kentish Green in Oxford Road has jumped on the bandwagon of developments here trying for a collective sale. The 122-unit condominium is located near Farrer Park MRT station. The owners have set a reserve price of $230 million for the 59,143 sq ft site. Based on the reserve price, each owner will net between $1.736 million and $2.086 million from a successful sale. The site can be redeveloped to...

A row of four contiguous freehold conservation shophouses at No. 15, 17, 19 and 21 Tessensohn Road (the “Property”) has been launched for sale. Cushman & Wakefield, the appointed marketing agents for the site is expecting a good reception to the tender as the property can be partially developed into a mixed use retail/residential project in a charming heritage precinct dotted with conservation...