Keppel Corporation Limited (Keppel Corporation) and Keppel Land Limited (Keppel Land) have today, through a subsidiary, entered into and completed a share purchase agreement with Mapletree Investments Pte Ltd (Mapletree) to acquire the remaining 30% interest in Harbourfront One Pte Ltd, which holds Keppel Bay Tower, for a consideration of approximately $180.9 million. This is part of a share swap...
The local property market is on track for a "soft landing", said National Development Minister Lawrence Wong. The housing chief noted that resale flat prices have softened gradually to 2011 levels, with more than half of resale flats transacting close to their market value. "This is a good outcome for both buyers and sellers," said Mr Wong in a blogpost on Wednesday (Dec 30). This he attributed to...
The supply of Build-To-Order (BTO) flats will increase to 18,000 units in 2016, said National Development Minister Lawrence Wong - an increase of 3,000 units from this year. Noting the recent BTO launch in November which drew a "healthy response", Mr Wong said the increased supply of units is in response to greater demand. The increased demand, he added, is due to recent changes to housing policy -...
After another year of subdued home buying activity, property analysts warned that the Republic’s private residential property market may be in for tougher times in 2016 as the lacklustre economic environment is likely to depress sentiment further. Adding to the woes is the United States Federal Reserve’s decision to start normalising interest rates, which is expected to keep prospective buyers on...
The Housing & Development Board (HDB) has launched a residential site at Yio Chu Kang Road for sale by public tender under the Confirmed List of the second half 2015 Government Land Sales (GLS) Programme, it announced on Tuesday (Dec 29). A residential site at Sumang Walk has also been released for application under the Reserve List. Both sites can potentially yield about 1,300 residential units in...
The Ministry of Trade and Industry (MTI) on Monday (Dec 28) launched 10 sites for sale under the Industrial Government Land Sales (IGLS) Programme for the first half of 2016. In a media release, MTI said there will be six sites in the Confirmed List and four sites in the Reserve List, with a total site area of 12.24 ha. This is fewer than the 10 sites on the Confirmed List of the IGLS Programme in...
Two Confirmed List sites at Tampines Industrial Drive (Plot 5) and Tuas South Link 2 (Plot 9) have been launched for sale by public tender, JTC announced on Tuesday (Dec 29). The launches are under the second half 2015 Industrial Government Land Sales Programme. The 0.51 ha site at Tampines Industrial Drive (Plot 5) and the 0.48 ha site at Tuas South Link 2 (Plot 9) are zoned for Business-2...
Resale prices of private homes dipped in November, according to the Singapore Residential Price Index (SRPI) estimates, which were released on Monday (Dec 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices decreased 0.6 per cent month-on-month in November, down from the 0.1 per cent growth in October. Prices of home in the central...
More theme parks are setting up shop in Singapore, hoping to break into the children's entertainment market here. Apart from a Hello Kitty carnival held in October, two foreign operators are also establishing indoor theme parks in Singapore. Construction works are underway for an indoor edu-tainment centre, which is scheduled to open in April 2016 in Sentosa. Originating from Mexico, KidZania...
Modelling tools to visualise heat, shade and wind flow were used to plan and design new precincts and building forms within Singapore's first "eco-precinct" Punggol town. These resulted in smart Housing and Development Board (HDB) homes in districts such as the waterfront Punggol Northshore. On Sunday (Dec 27), the HDB announced in a news release that it will explore applying such smart planning tools...