JustCo has expanded to Taipei, securing three new co-working centres in the city. The centres are located at the Xinyi, Songshan and Zhongshan financial districts, and brings the company's portfolio to 32 centres across eight cities. The expansion follows JustCo's announcement in January that it is entering South Korea and Australia, with the opening of six co-working spaces in Melbourne, Sydney and...

Property developer CapitaLand has unveiled its design for One Pearl Bank, a development that will take the place of Pearl Bank Apartments, which it bought for S$728 million. The new development comprises two curved 39-storey towers linked at the roof by sky bridges, CapitaLand said on Tuesday (May 14) in its news release. The building will also feature a vertical sky allotment garden for urban farming....

Resale prices for non-landed private residential units rose 0.9 per cent in April 2019, for a third straight month-on-month rise, according to SRX flash estimates on Tuesday. For the first four months of the year, non-landed resale prices are up about 2 per cent, according to data from the real estate portal. Year on year, resale prices are up 3.6 per cent, with the core central region, rest of...

CEL Development, the property development division of Chip Eng Seng Corporation, on Monday unveiled Parc Komo, a freehold mixed development in Changi inspired by the Japanese concept Komorebi, which celebrates the blend between nature and order. This latest development by CEL has an average price of about S$1,450 per square foot (psf) and occupies a land area of about 202,000 square feet (sq ft). The...

Rules for buying homes using Central Provident Fund (CPF) money and HDB housing loans will be updated on Friday (May 10) – a move “in the right direction” that will give home buyers here more flexibility, some industry watchers said. The new rules could also sway demand for ageing homes, they added. READ MORE: New rules on buying properties using CPF, HDB housing loans Citing changing needs...

The volume of Housing Board (HDB) resale flats changing hands rose by 16.5 per cent in April from the previous month, while prices eased slightly. According to flash estimates from real estate portal SRX Property on Thursday (May 9), 1,931 resale flats were sold in April, up from 1,657 transactions in March. Last month's volume also marked a 4.3 per cent increase when compared with April last...

New rules on buying homes using CPF or HDB housing loans will be introduced, that will focus on whether the remaining lease of the property can cover the buyer until at least age 95. This was announced on Thursday (May 9) by the Ministry of National Development (MND) and Ministry of Manpower (MOM). The changes, which apply to the purchase of HDB flats, private properties and executive condominiums,...

Singaporeans are not spending like they used to, at least not in shopping malls. There are too many already and more are being built. But investors still have good reasons to back mall owners. Singapore has 6.1 million square metres of retail space, of which 8.7 per cent is vacant. Yet companies are forecast to add a further 364,000 sq m, with the biggest chunk hitting the market this year. This is...

There will be no change to current rules for short-term stays in private homes, the Urban Redevelopment Authority (URA) announced on Wednesday. That means that the use of private properties for fewer than three consecutive months - which has been popularised by the likes of home-sharing platforms Airbnb around the world - will remain illegal in Singapore. This came after several consultations...

The Urban Redevelopment Authority (URA) said on Wednesday (May 8) that it will not proceed with proposed regulations for the use of private residential properties for short-term accommodation (STA). This means the three-month minimum stay duration will continue to apply. The agency made the decision after consultations with key stakeholders since 2015, including members of the public, management...