After hitting a two-year high in June, the resale volume of Housing and Development Board (HDB) flats slumped 9.2 per cent in July, according to flash estimates released by SRX Property on Thursday (Aug 6). A total of 1,552 HDB resale flats were sold last month, down from the 1,709 transacted units in June. However, compared to a year ago, resale volume was up 15.6 per cent. Resale prices fell 0.5...
Local property group Perennial Real Estate Holdings said on Tuesday (Aug 4) it has received planning permits for proposed enhancement works at TripleOne Somerset and AXA Tower. The plans for TripleOne Somerset, a predominantly-office cum retail development off Orchard Road, include increasing the retail area and converting up to 32,000 square feet of gross floor area into medical suites. Perennial also...
The upcoming Waterway Point at Punggol has secured committed occupancy for 90 per cent of its retail space, about six months before its opening, Frasers Centrepoint Malls said on Tuesday (Aug 4). Frasers Centrepoint Malls said the 370,824 square feet (sq ft) Waterway Point will offer four levels of indoor shopping, leisure and alfresco dining spaces with a view of Punggol Waterway. Key tenants...
From mid-August, enhanced guidelines on advertisements for property investment advertisements will take effect. The new guidelines for all media platforms aim to eliminate advertising claims that are speculative, misleading, or cannot be substantiated, said Advertising Standards Authority of Singapore. Singaporeans are one of the top real estate buyers in Asia, according to the Consumers Association...
Thong Sia Building located opposite The Paragon in the Orchard Road shopping belt has been sold to SIN Capital Group for S$380 million, marketing agent JLL said in a news release on Wednesday (Jul 29). This works out to S$2,430 psf over the existing gross floor area for the freehold building. The 26-storey building was built in 1981 and has a land area of about 21,602 sq ft. It currently comprises seven...
Chinese Web giant Alibaba Group on Thursday (Jul 30) announced it will set up data centres in Singapore, as well as Japan, Europe and the Middle East, as part of its US$1 billion investment to drive the growth of its cloud computing arm Aliyun. In a press release, Alibaba Group CEO Daniel Zhang said Aliyun will serve as an "essential engine" for the company in the new economy which sees the physical...
Start-up community JTC LaunchPad@one-north is holding its first showcase on Tuesday (Aug 4) since its official opening on Jan 23. LaunchPad Unveiled is an initiative which aims to provide a platform for start-ups to showcase their innovations to the public, and create opportunities for collaboration and knowledge sharing. Co-organised by Action Community for Entrepreneurship (ACE) and Reta Social...
The response to the latest batch of executive condominium (ECs) projects has been tepid, with about 2,200 EC units remaining on the shelves as of June 2015, the highest in almost a decade. The largest EC development to date, Sol Acres, received 800 e-applications for its 1,327 units when online subscription closed on Sunday (Jul 26), while The Brownstone EC, located along Canberra Drive, sold just under...
Market sentiment in the real estate industry remained weak in the second quarter of this year, according to a poll of 64 industry players conducted by the Real Estate Developers' Association of Singapore (REDAS) and the National University of Singapore (NUS). The sentiment index stood at 3.9, inching up from 3.8 in the previous three months. A score under five indicates deteriorating market conditions,...
Botanique At Bartley is located within a private and exclusive residential enclave along Mount Vernon Road, a quiet and peaceful neighborhood ideal as an escape for the hustle and bustle of work. With the Bartley MRT station near its doorstep, one can easily link to a myriad of different lifestyle conveniences and essentials. Being well connected via the circle line, residents of Botanique At Bartley can...