More than 7,500 flats have been launched for sale in a mix of mature and non-mature towns, the Housing and Development Board (HDB) said on Tuesday (Nov 25). The 7,568 flats on offer include 4,277 Build-To-Order (BTO) flats spread across six projects in Sembawang, Sengkang, Yishun and Tampines. Another 3,291 units will be offered under the Sale of Balance Flats (SBF) exercise - located in 11...

Of all the private homes being sold through public auctions, about 70 per cent were put on sale by their owners, according to Colliers International which holds one such auction every month. The remaining are put on auction by banks. Seventy-four per cent of all auctioned properties this year were condominiums while the rest were landed properties. Colliers said more homes were being auctioned off...

InterContinental Hotels Group, owner of the Holiday Inn and Crowne Plaza brands, is seeking at least US$1 billion (S$1.29 billion) from the sale of a Hong Kong hotel, the Bloomberg news agency reported unidentified sources as saying. The UK company hired Jones Lang LaSalle to find a buyer for the InterContinental Hong Kong Hotel, the people said. It aims to complete the sale by...

Cloudy days are in store for the resilient Grade A office market in Singapore, with rents expected to come under pressure in the second half of next year as competition for tenants intensifies, the manager of Marina Bay Financial Centre (MBFC) and One Raffles Quay said yesterday. An upcoming avalanche of supply from several mega projects from 2016 will be exacerbated by slowing demand from the financial...

Office rental rates in Singapore grew 3.5 per cent from the previous quarter in the third quarter of the year, the fastest growth in Asia, Jones Lang LaSalle said. The strong rental growth comes on the back of low vacancy levels in the city-state, the real estate consultancy said in a report released on Wednesday (Nov 19). Office rents in Tokyo, Beijing and most emerging South-east Asia markets grew...

The Government will be releasing two sites at Anchorvale Crescent and Yishun Avenue 4 for sale in November, according to the Housing and Development Board (HDB) on Tuesday (Nov 18). Anchorvale Crescent is an Executive Condominium site while Yishun Avenue 4 is meant for mixed commercial/residential development. Both sites are in the Confirmed List under the Government Land Sales (GLS) Programme for the...

The private housing market picked up pace in October, with sales of new homes rising 18 per cent from the previous month. Excluding executive condominiums (ECs), developers sold 765 new units last month, up from the 648 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 17). Including ECs, 855 units were sold in October, up from 707 units in...

Twenty months and S$80 million later, Shaw Centre is all decked out in time to welcome shoppers this festive season. The 42-year-old mall was given a facelift to improve its appeal and pull in a younger crowd, and property consultancy Chestertons say the makeover could also give Scotts Road a much-needed lift. The new Shaw Centre now has a wider sidewalk and a glass facade. It also has a new Urban...

Rental prices for Housing and Development Board (HDB) flats and non-landed private residential units both dipped in October, compared to the month before, according to flash estimates from SRX Property. For HDB rental market, rents slid 0.5 per cent on-month. The dip in prices was experienced by 4-room (0.8 per cent), 5-room (0.2 per cent) and Executive flats (1.4 per cent), but rental prices for 3-room...

Residents and shop owners along Upper Thomson Road are bracing themselves for more noise and inconvenience early next year as the construction of the Thomson Line moves into the next stage. The construction of the Upper Thomson station is challenging as the Upper Thomson Road is congested, and close to residential areas. The Land Transport Authority (LTA) said construction is expected to begin in the...