The resale prices for Housing and Development Board (HDB) flats saw a slight uptick in April, rising 0.2 per cent month-on-month. Transactions for flats also hit a two-year high last month, according to SRX Property's flash estimates released on Thursday (May 7). HDB resale prices saw an improvement, driven by 3- and 4-Room flats of which prices rose 0.3 per cent and 0.9 per cent, respectively. However,...
The Ministry of National Development (MND) on Thursday (May 7) announced that it has signed a Mutual Termination Agreement with Eternal Pure Land (EPL) to terminate a July 2014 award for a place of worship (PW) site at Fernvale Link in Sengkang. MND will re-tender the land for its original purpose as a site for a Chinese temple, it said. Residents had objected to EPL's plans to build a commercial...
The Republic's terminus for the Singapore-Kuala Lumpur High Speed Rail will be located at Jurong East. Prime Minister Lee Hsien Loong announced this on Tuesday (May 5) after the Leaders' Retreat with his Malaysian counterpart Najib Razak. Jurong East was chosen as it dovetails with Singapore's overall plans to transform the area into a second Central Business District, according to a...
Some were lured into buying an overseas property with promises of high returns but have since lost contact with the property investment company. One buyer had believed that his property was sited in a prime area but found out later this was not true. In the light of some consumers losing more than S$100,000, the Consumers Association of Singapore (CASE) is urging the authorities to review how foreign...
Investing in an unfamiliar foreign market holds high risks, such as foreign currency fluctuations, property market trends, sovereign risks and interest rate risks, warned the Consumers Association of Singapore (CASE) in a media release on Monday (May 4). The association said that it received 13 complaints from consumers regarding their investment in foreign properties 2013 and 2014. It stated that most...
The first new generation public housing at SkyTerrace@Dawson has been completed, while Skyville@Dawson is on track to be completed by the third quarter of 2015. Both projects were mooted under the “Remaking Our Heartland” plan which aims to build a more cohesive and vibrant community, as well as encourage multi-generation and family-friendly living. The first batch of residents at SkyVille@Dawson...
Oasia Hotel comes under Far East Hospitality Trust, Singapore's largest hotels and serviced residences operator. For the first quarter of 2015, the trust posted a 17.7 per cent drop year-on-year, in distribution per stapled security. It came in at 1.07 Singapore cents for the first quarter ended March. That is on the back of a 10.8 per cent fall in gross revenue, to S$27.37 million. Analysts Channel...
Boat Quay will be getting a S$5million facelift after garnering support from the majority of stakeholders in the area. The makeover is expected to be completed by the end of next year. Visitors can look forward to new outdoor refreshment areas as well as three open spaces with new public seating and enhanced landscaping - to allow the public to soak in the view of the Singapore River without affecting...
Parkway Life Real Estate Investment Trust (PLife REIT) has booked 14 per cent year-on-year growth in the first quarter of 2015, announced its manager Parkway Trust Management on Wednesday (Apr 29). The overall distribution per unit (DPU) for Q1 2015 increased 14 per cent year-on-year to 3.21 Singapore cents, said Parkway Trust Management in a news release. Notwithstanding the divestment of seven...
Prices of private non-landed residential properties edged up 0.2 per cent in March from the previous month, according to latest flash estimates of the Singapore Residential Price Index (SRPI) released by the National University of Singapore. This is the first such increase after four straight months of decline. In terms of region, the index for private residential property in the central region -...