Development works for the Round Island Route (RIR) - a continuous 150km park connector that goes around the island - are set to begin by the end of 2016, the Land Transport Authority (LTA), National Parks Board (NParks) and Urban Redevelopment Authority (URA) announced on Saturday (Jul 9). Works will start with the 60km-long Coastal Adventure Corridor, the first of three corridors for the RIR, which...

The architect behind provocative designs like The Interlace in Singapore and MahaNakhon in Bangkok answers critics - and talks about how Asia can lead the way in building cities that change the way we interact. He was just 18 when he drained his savings to buy a tiny car in order to drive across Europe, scoping out buildings and spaces while analysing which designs worked and which did not. That...

From a swimming pool in natural settings to forest trails and an eco-friendly hawker centre – these are some of the facilities that Sembawang residents can look forward to at the new integrated sports and community hub being planned for the town. Details of the hub were revealed at a roadshow on Sunday (Jul 3) to raise awareness and engage residents on the development, which will be located on a...

RENTS for private non-landed homes were flat in June compared to May, while that for public housing flats dipped 0.3 per cent from a month ago, according to SRX Property. Flash estimates from SRX Property showed that rents in the city fringe or Rest of Central Region (RCR) increased by 0.8 per cent in June. But rents in the Core Central Region (CCR) and Outside Central Region (OCR) slipped 0.4 and...

Rents across both Grade A CBD office spaces and prime retail spots will likely continue to face pressure in the coming 12 months, says property consultancy Cushman & Wakefield in its Q2 Marketbeat reports. It forecasts declines across the board, except for prime suburban retail which has a stable 12-month outlook. On the retail front, the consultancy noted that there are increased food and beverage...

THE property cooling measures are unlikely to be unwound this year, with interest rates expected to stay low for a longer time amid greater uncertainties after the "Brexit" vote. It would seem then, that a relaxation of the policy could come only in 2017 at the earliest, said speakers at a property market seminar organised by the Real Estate Developers' Association of Singapore (Redas) on...

RESALE prices of non-landed private homes in Singapore rose 0.5 per cent in June 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday. This marks the fourth consecutive month-on-month price increase. Last month's price rise applies across the board to all three geographical regions. The prices went up 0.9 per cent in Core Central Region (CCR), 0.3 per...

Sim Lian Group Limited has priced its executive condominium (EC) project Treasure Crest at an average S$742 per square foot (psf), with prices starting from S$649,000 for a three-bedroom unit. The 504-unit project is more than 2.1 times subscribed, having garnered 1,077 e-applications, after a 10-day e-application period that ended on July 10. More than 4,000 people visited the sales gallery over the...

Singapore's Asia Square Tower 1 has set the record of being the largest single-asset and office transaction in the Asia-Pacific region with a sale value of US$2.45 billion (S$3.31 billion), according to real estate consultancy JLL. The 43-storey retail and office building was sold earlier this month by global investment management firm, BlackRock, to Qatar Investment Authority's sovereign wealth...

RESALE prices of non-landed private homes in Singapore rose 0.5 per cent in June 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday. This marks the fourth consecutive month-on-month price increase. SRX Property's latest data also reflects a revised month-on-month gain of 0.7 per cent for May 2016 compared with the 0.4 per cent increase that SRX...