Resale prices of non-landed private homes inched up last month on the back of price improvements in the city fringes and suburban areas, but analysts said the slight rebound did not signal a recovery as weak market fundamentals persist as a result of various property curbs imposed in recent years. Non-landed private residential resale prices rose 0.4 per cent last month from September, after a 0.6 per...

Resale prices of non-landed private homes climbed marginally in October by 0.4 per cent month-on-month, according to flash estimates from SRX Property on Tuesday (Nov 11). When compared with October 2013, resale prices of non-landed private homes have dropped 4.5 per cent. Compared with the recent peak in January 2014, prices have declined 5.2 per cent, SRX said. Resale prices of private homes in the...

Keppel Telecommunications & Transportation (Keppel T&T) is planning to list Keppel DC REIT on the Mainboard of the Singapore Exchange (SGX). Keppel T&T Chief Executive Officer Thomas Pang said on Monday (Nov 10): "There has been a surge in demand for data centres, driven by a growth in e-commerce, cloud computing, and big data. “Increasingly, these new generation data centres are also required to...

The managers of Singapore's largest real estate investment trusts (REITs) have set up an association to promote greater awareness among investors as well as to represent the REIT industry in their dealings with authorities. Called the REIT Association Singapore (REITAS), the industry grouping is headed by Mr Chua Tiow Chye, the Group Chief Investment Officer and Regional Chief Executive Officer of North...

Now that the issue of taxes on former Malayan Railway land has been resolved, Singapore and Malaysia can move on to work on future projects that will benefit both countries, said Foreign Affairs and Law Minister K Shanmugam on Sunday (Nov 2). An international tribunal had ruled that Malaysia-Singapore joint investment company - M+S Pte Ltd - will not have to pay development charges on land formerly...

More buildings in the Central Business District (CBD) area will be modified to make workplaces more accessible to people with various mobility needs. Under new initiatives announced by the Building and Construction Authority (BCA) on Wednesday (Nov 5), owners of existing commercial buildings in the area will be offered incentives to meet the minimum barrier-free accessibility requirements, such as...

The Housing and Development Board (HDB) will launch 16,900 new Build-To-Order (BTO) flats next year – down from 22,400 units in 2014 – but supply will be “adequate” given that an estimated 15,000 Singaporean families are formed each year, the Ministry of National Development (MND) said in a written Parliamentary reply on Tuesday (Nov 4). The new flats will include about 4,000 two-room flats to...

It is not necessary for the Housing and Development Board (HDB) to sell new flats with a 70-year lease alongside 99-year flats, as there is unlikely to be "strong demand" for the proposed option, said National Development Minister Khaw Boon Wan on Monday (Nov 3). Mr Khaw said there are two reasons for this assessment: Firstly, the upfront cost HDB has to incur to offer a 70-year lease option is the same...

A high-rise specialised complex designed to house chemical companies involved in the manufacturing, blending and distribution of chemicals, including chemicals classified as dangerous goods, will be built in western Singapore at an estimated cost of S$67 million, JTC said on Friday (Oct 31). The multi-user chemicals hub at Tuas View - the first of its kind in Singapore - will cater primarily to small...

A tribunal has ruled that M+S Pte Ltd - a joint investment company co-owned by Malaysia's Khazanah Nasional and Singapore's Temasek Holdings - will not have to pay development charges on land formerly occupied by Malayan Railways (KTM) in Singapore. Singapore Prime Minister Lee Hsien Loong welcomed the decision, saying on Friday (Oct 31) that he was "happy that Singapore and Malaysia have been able to...