RENTALS for both non-landed private homes and HDB flats continued to ease month-on-month (m-o-m) in October 2016. However, leasing volumes rose in both segments, according to the latest flash estimates released by SRX Property on Wednesday morning. SRX's rental index for private apartments and condos fell 0.4 per cent in October 2016 over September 2016 after retreating 0.5 per cent m-o-m in September...

The impact of the North-South Corridor (NSC)’s construction on the 92-year-old Ellison Building can “be reduced to one corner shophouse unit, instead of a larger portion of the building”, said Senior Minister of State for National Development Desmond Lee in Parliament on Tuesday (Nov 8), citing recently concluded engineering studies. A prior assessment had stated that three units of the conserved...

Resale prices of condominium units and apartments fell by 0.7 per cent in October from September, according to flash estimates released by SRX Property on Tuesday (Nov 8). The month-on-month drop was the sharpest since a 0.9 per cent fall in January and February this year. September's drop in resale prices was revised up to 0.6 per cent from the flash estimate of 0.9 per cent. Based on the SRX...

Blackstone is to buy OfficeFirst Immobilien from IVG Immobilien AG, ending months of talks over a potential sale or stock market listing of the German property company. Both sides did not comment on the price, but three people familiar with the process said Blackstone was paying around 22 euros per share, which, including debt, gives the deal an enterprise value of 3.3 billion euros (US$3.65...

A 99-year leasehold white site with a mandatory office component along Central Boulevard in Singapore has attracted seven bids. The highest bid of S$2.57 billion, which works out to S$1,689 per square foot per plot ratio (psf ppr) was made by IOI Properties Group Bhd of Malaysia. This is the highest bid ever in absolute dollar quantum as well as psf ppr for a Government Land Sale site in...

RESALE prices of non-landed private residential units slipped a steeper 0.7 per cent in October after a 0.6 per cent decline in September, the flash estimate from SRX Property shows. The main drag came from the suburban area or the Outside Central Region, where resale prices fell 2 per cent, followed by a 0.8 per cent drop in the prime area or Core Central Region. On the other hand, resale prices in the...

The resale prices of Housing and Development Board (HDB) flats fell marginally last month, according to flash estimates released by a property index on Thursday (Nov 3). On a month-on-month basis, HDB resale prices in mature and non-mature estates both decreased by 0.1 per cent in October. Compared to a year ago, prices were down 0.5 per cent, SRX Property said. Resale prices of three-room and...

Unfazed by the sluggish local retail conditions, Toys “R” Us is expanding its foothold in Singapore, with plans to unveil two more stores in the coming months. One will be slated for opening before Christmas and another by early-2017, country manager Raymond Burt told Channel NewsAsia on Wednesday (Nov 2) at the launch of its newly-refurbished flagship store at VivoCity. That will bring the number...

Department store John Little will close its last remaining outlet at Plaza Singapura by the end of December this year, the Robinsons Group announced in a statement on Saturday (Nov 5). The decision was made after evaluating the relevancy and sustainability of its brick-and-mortar business, said the Robinsons Group, adding that John Little will instead evolve as a brand into a pop-up format, which it...

Resale prices for Housing and Development Board (HDB) flats remained unchanged in the third quarter from the previous one, said the agency in its press release on Friday (Oct 28). The Resale Price Index remained at 134.7, but resale transactions have seen a tumble, HDB added. The number of resale transactions fell 5.5 per cent to 5,514 from 5,838 in the second quarter, according to its statistics....