A new eight-storey furniture hub will be built by the end of 2018, Minister for Trade and Industry (Trade) Lim Hng Kiang announced on Thursday (Mar 3). The JTC Furniture Hub @ Sungei Kadut will occupy a 2-hectare site and include features such as concept stores and the opportunity to testbed new e-fulfillment business models. It aims to foster a better ecosystem through the clustering of both furniture...
Rentals of both private apartments/condos and Housing & Development Board (HDB) flats fell in February 2016, SRX Property's latest flash estimates showed. However, HDB flat rents have been showing greater resilience compared to those of non-landed private homes, on a longer-term basis. Based on the flash estimates for last month, SRX Property's overall rental index for non-landed private homes has eased...
According to data released by SRX Property on Tuesday, resale prices of non-landed private homes in Singapore dipped 0.3 per cent in February 2016, after increasing 0.8 per cent in January. Core Central Region recorded no change, while Rest of Central Region (city fringe) recorded a price increase of 0.1 per cent. Outside Central Region (suburbs) posted a 0.8 per cent decrease in prices. Year on...
Subletting of excess space seems to be emerging as a viable option for tenants to ease their rental burden, as they look to navigate a slowing economy. With the latest spate of corporate downsizing by financial institutions, some companies may be giving up office space before their leases have expired. For these firms, they may - with the landlord's approval - look to sublet the space to another...
The resale prices of Housing and Development Board (HDB) flats inched up in February after a slight decline in January, SRX Property said on Thursday (Mar 3). On a month-on-month basis, HDB resale prices were up 0.2 per cent in February. In January, prices fell by 0.5 per cent after rising for six consecutive months. Prices of three- and four-room flats rose by 0.2 per cent and 0.8 per cent,...
Living at Gem Residences means comfort in a house fitted with thoughtful design, carrying the age-old refinery of world-class brands like SMEG and Hansgrohe. Multiple facilities, from outdoor teppanyaki, grill pavilions, spacious clubhouse with cooking facilities, 50m swimming pool to unparalleled views from rooftop spaces, cater for every facet of living. Being in one of Singapore’s most mature estates...
CAPITALAND'S latest condominium project along Orchard Road, Cairnhill Nine, has seen strong interest, with cheques received for a sizeable number of its total 268 units. Indonesians represent a significant portion of the potential buyers, The Business Times has learnt. Interested buyers submit a cheque to register their interest and secure units they are keen on, but this may not necessarily...
Home furnishing and accessories shop iwannagohome will close its outlets in Singapore, its parent company confirmed on Friday (Feb 26). Both its branches at Tanglin Mall and Great World City will be closed, said a spokesperson for the brand, which debuted in Singapore in 2007. Clearance sales have begun at both outlets. A retail employee told Channel NewsAsia that he was told the shop would close...
Ezra Holdings' Lee family has put their waterway-fronting Sentosa Cove bungalow on the block, months after they sold a Good Class Bungalow (GCB) along Windsor Park Road last October for a cool S$22 million. The exclusive two-storey five-bedroom property in the South Cove precinct was put on the market after the Chinese New Year festivities. It comes with a price tag of S$26 million, or S$2,258 per...
New flats in Bidadari continue to be in demand among potential homebuyers, with five-room and multi-generation units being the most oversubscribed in the first Build-To-Order (BTO) sales exercise of 2016. As at 5pm on Tuesday (Mar 1), five-room and multi-generation flats in Bidadari's Alkaff Oasis were the most coveted, with 3,020 applicants vying for just 236 units - an application rate of 12.8 per...