Prices of private residential properties in the second quarter fell by 0.9 per cent from the previous quarter – the seventh consecutive quarter of decline, the Urban Redevelopment Authority (URA) said on Friday (Jul 24). The price decline was observed across all segments of the private residential property market, URA said. Prices of non-landed properties in the Core Central Region (CCR) and Rest of...

Prices of office space rose 0.3 per cent in the second quarter compared to the previous quarter, while prices of retail space fell 0.5 per cent, the Urban Redevelopment Authority (URA) said on Friday (Jul 24). Rentals of office space fell 2.6 per cent in the second quarter, compared with the 0.6 per cent increase in the first quarter. Rentals of retail space decreased by 0.5 per cent, compared with the...

The prices and rentals of industrial space in Singapore have continued to soften, following an increase in supply of industrial land and space by the Government, according to JTC in its quarterly market report released on Thursday (Jul 23). Overall, the prices of industrial properties fell 0.9 per cent year-on-year in the second quarter of 2015. The prices of multiple-user factory space saw a 2.3 per...

Commercial REIT CapitaLand Commercial Trust (CCT) reported a 2.1 per cent year-on-year increase in its distribution per unit (DPU) in the first half of this year, amid higher rents across its portfolio. CCT attained a DPU of 4.31 Singapore cents in H1 2015, according to data from CapitaLand Commercial Trust Management released on Friday (Jul 24). However, on a quarterly basis, the DPU rose just 0.5...

With several Design, Build and Sell Scheme (DBSS) projects coming under fire recently for defects, some Members of Parliament (MPs) have renewed calls for the scheme to scrapped or tweaked, citing the blurred lines of accountability and low public confidence in the quality of these projects. In a Facebook post last week, Bishan-Toa Payoh GRC MP Hri Kumar Nair said he hoped for the Housing and...

Keppel Data Centres on Thursday (Jul 23) announced it will be developing its fourth data centre in the Republic, which will be located close to the company's other data centres in Tampines. The company signed a conditional agreement to acquire a light industrial building, via its wholly-owned subsidiary Keppel Datahub 3, for a purchase consideration of S$20 million, according to the press release by...

The moribund housing market may have set off a chorus of voices calling for the property cooling measures to be relaxed, but Monetary Authority of Singapore (MAS) managing director Ravi Menon said it is premature to do so as the price correction has been modest, putting paid to hopes among developers and homeowners of a market rebound. “Property prices have softened somewhat, but like I said last...

Plaza Singapura will undergo interior upgrading works in the third quarter of this year, mall owner CapitalLand Mall Trust (CMT) announced on Wednesday (Jul 22). The rejuvenation works, set to complete by Q4 2016, will cost about S$38 million and will include the upgrading of floor finishes, corridor lighting, toilets, lift lobbies and nursing rooms. More nursing rooms will also be added on Level 2 as...

The Line – a prestigious new residential development that leads you to luxury living. With close proximity to the East Coast Park seafront, this high rise paradise offers quiet seclusion nestled in lush tropical greenery with convenient links to Singapore’s bustling city centre. At the Line, your busy lifestyle takes on a new holistic dimension that synergises one’s mind, body and soul. Soothing...

A company linked to low-profile investor Denis Jen, who owns shopping malls in Australia, is buying 158 Cecil Street for S$240 million from a fund managed by Alpha Investment Partners, the fund management arm of Keppel Land. The price works out to about S$2,100 per square foot based on the 14-storey building's net lettable area of around 115,000 sq ft. 158 Cecil Street is on a site with a balance lease...