In Asia’s real estate market, deal-making just reached a record and more is to come, with undervalued Singapore-listed trusts expected to become takeover targets. Property deals in China and its neighbours amounted to US$34 billion (S$43.2 billion) last quarter, Bloomberg data show, a tally that includes the 10.6 trillion won (S$12.6 billion) purchase of a site in Seoul’s Gangnam district by a...
Luxury project Marina One Residences at Marina Bay has attracted strong interest. According to the developer M+S, more than 85 per cent of the 242 units released so far have already been taken up. M+S is a joint venture between Singapore's Temasek Holdings and Malaysia's Khazanah Nasional. Public sale will commence this weekend. The prices range from S$1,960 per square foot to S$3,100 per square...
Japan has been grossly misunderstood to be a high-cost country. Most Singaporeans have the impression that taxes, food, real estate, and so on, are much more expensive in Japan than at home. At the very top end, the kaiseki ryori might cost more in Japan than in Singapore, but in terms of value, the dinner there beats the one here. However, in the mass-market segment, the same item in a Japanese...
Home prices in London, popular with overseas investors including Singaporeans, fell in September for the first time in almost four years and the outlook for the British capital’s housing market is fading, the Royal Institution of Chartered Surveyors (RICS) said yesterday. RICS said its house price index for the capital dropped below zero in September for the first time since January 2011, ending a...
The Monetary Authority of Singapore (MAS) has proposed changes to the regulatory framework for real estate investment trusts (REITs), including a relaxation of borrowing limits for these property investment vehicles. Other proposed changes include tougher disclosure standards and letting REITs get more involved in development projects, MAS said in a consultation paper released on Thursday (Oct...
Demand for Singapore industrial space fell sharply during the third quarter amid a continued patchy performance by the manufacturing sector, real estate services firm DTZ said on Thursday (Oct 9). Citing caveats from the Urban Redevelopment Authority's REALIS, DTZ said sales of strata-titled industrial properties fell by about 36 per cent quarter-on-quarter during the July-September period to 203...
The resale prices of Housing and Development Board (HDB) flats continued their downward spiral in September, slipping 0.5 per cent from August – the eighth consecutive month that prices have declined, the Singapore Real Estate Exchange (SRX) said on Thursday (Aug 7). Prices for three- and four-room flats declined by 0.2 per cent, while prices for five-room flats fell 1.6 per cent. In comparison,...
A residential land site at Lorong Puntong attracted 18 bids at the close of a tender by the Urban Redevelopment Authority (URA) on Wednesday (Oct 8). The highest bid of S$173.57 million was submitted by Nanshan Group Singapore Co. Pte Ltd. This works out to about S$731.10 per square foot per plot ratio (psf ppr). The top bid is about 7 per cent higher than the second-highest bid of S$161.9 million by...
The Rise @ Oxley and The Rise @ Oxley – Residences is a cutting edge commercial and residential development that combines the best of two worlds. The Rise @ Oxley – Residences is perfect for discerning individuals appreciate all that life has to offer. Built in a residential enclave that exudes calm and serenity with a view of Fort Canning Park, you will be delightfully surprised at how close the city...
Some developers say they will hold back on bidding for new executive condominium (EC) sites in the future unless they have very good potential, as the risk profile of ECs has gone up following a series of new restrictions imposed by the Government. According to Evia Real Estate, which is jointly developing the Lake Life EC in Jurong, the segment now poses higher risks to developers. Mr Vincent Ong,...