JTC on Tuesday said it is accepting applications for a reserve list site at Tuas South Link 3. The land parcel is the second of five reserve list sites under the first half of the 2020 industrial government land sales programme. The site, with a 20-year tenure, has an area of 0.45 hectare and a gross plot ratio of 1.4. It is zoned "B2" for industrial purposes. A site on the reserve list is triggered...

Developers should breathe easier as the private home market seems to have achieved a soft landing in 2019 as prices rose moderately amid higher sales, despite tough cooling measures imposed in 2018. Demand for private homes remained resilient with the price index up 0.5 per cent in Q4 over the prior quarter, and higher than the 0.3 per cent flash estimate released on Jan 2, according to the latest data...

Singapore's private home price index rose 0.5 per cent in Q4 2019 over the prior quarter, faster than the 0.3 per cent flash estimate released on Jan 2, according to the latest data from the Urban Redevelopment Authority (URA) on Thursday. For the full year of 2019, prices were 2.7 per cent higher, versus the 7.9 per cent rise in 2018. In Q3 2019, the index rose 1.3 per cent. In Q4 2019, prices of...

More Housing Board resale flats changed hands in the fourth quarter of last year and their prices inched up, latest public housing figures show. There were 6,339 resale transactions in the fourth quarter, compared with 6,264 cases in the third quarter, the Housing Board said on Thursday. The fourth quarter's figure last year was also 12.5 per cent higher than the number of resale transactions in the...

Rents and prices of industrial space in Singapore remained relatively stable in the fourth quarter of last year, though prices were marginally lower by 0.2 per cent quarter on quarter, according to the latest data from industrial land and infrastructure agency JTC Corp. The rental index was flat, while the occupancy rate for industrial space edged down 0.1 percentage point to 89.2 per cent. Compared...

Rentals of office space in the central region of Singapore eased 3.2 per cent in the fourth quarter of 2019 over the previous three months - a bigger drop compared with the 0.6 per cent fall in the third quarter of 2019, figures released by the Urban Redevelopment Authority (URA) showed on Thursday. For the whole of 2019, the rental index slipped 3.1 per cent - contrasting with the increase of 7.4 per...

Rents of retail space in Singapore's central region rose 2.3 per cent in the fourth quarter of 2019 over the previous three months, following the same rate of increase in the third quarter of 2019, according to data released by the Urban Redevelopment Authority (URA) on Thursday. For the whole of 2019, the retail rental index rose 2.9 per cent, contrasting with the 1 per cent drop in 2018. URA's...

Over the last nine years as the Jurong Lake area was being rejuvenated, small business owners started noticing an uptick in sales. This was because more residents were choosing to spend their time in the area on weekends instead of travelling to other estates, said Jurong Town Centre Merchant Association chairman Tan Kah Ann. The addition of a children's playground and a green roof pavilion at J...

Eagle Hospitality Trust's (EHT) sponsor is working on a 30-year plan to preserve and improve the trust's Queen Mary floating hotel docked in Long Beach, California. Urban Commons (UC), which operates the historic ship, announced this in a statement released to Singapore media on Monday, although it did not disclose when the plan will be published. The preservation blueprint will be accessible to the...

THE offer price for UK-focused Elite Commercial Reit's proposed Singapore initial public offering (IPO) has been set at £0.68 per unit. This will raise around £119.5 million (S$209.3 million) to £131.2 million, based on a total offering size of 175.7 million to 192.9 million units, according to a term sheet on Monday seen by The Business Times. The IPO's Singapore public offer will run from Jan 28...