Ascendas Real Estate Investment Trust (A-REIT) has said its first-quarter distribution per unit rose nearly 18 per cent due to additional rental income from completed acquisitions. Unit holders will receive 3.62 Singapore cents per unit for the three months ended June, compared with 3.07 cents a year earlier. All in, A-REIT had an income of S$61 million to distribute to unit holders in the first...
The Tampines 1 mall has attracted over six million visitors since it opened its doors about three months ago, according to property manager Asiamalls. The latest mall addition to the Tampines central area celebrates its official opening on Friday, which also marks its 100th day of business. The S$450 million mall is situated beside the Tampines MRT station. It has 173 tenants including Uniqlo, the...
Cove Development, which owns the GrangeFord condominium, has obtained a court order to reclaim some 171 apartments in the condominium. Cove has given tenants in these units till July 22 to vacate the apartments. This is to allow demolition works to be carried out on illegal partitions in the units. Grangeford made headlines last month when property leasing firm Ideal Accommodation, which had been...
For every property deal they close, their agencies would take a cut of their commission, and how much would depend on the productivity and seniority of the real estate agent. But some agents are getting around this commission system — prompting one agency to issue a “final warning” to all its agents on Tuesday. In an email, ERA said it had discovered that some agents under a “80/20 scheme” —...
Observers say more en-bloc sales are on the cards as a result of improved sentiment and rising demand for land. One market player, Credo Real Estate - a leader in the collective sales market - said at a seminar on Thursday that it expects five to 10 cases in the next few months, with more to follow in 2010. The seminar on en-bloc property sale was Credo's second in a week on the back of rising enquiries....
Speculators or upgraders behind June's record high THE last time figures were anywhere near as high was the peak of the property boom in Aug 2007. A surge in momentum in the stock and property market, already on an upward trend, last month saw private home sales by property developers hit a new high of 1,825 units. But is this an accelerating recovery based on real fundamentals, or a developing bubble...
The chief executive of property group Roxy-Pacific, Mr Teo Hong Lim, seems unmoved by the ongoing bull run in the property market. He is not in a hurry to join in the fray with new project launches. "It seems very strong and has caught many industry players off guard, I don't know when this window of opportunity will close," he told Today. So although the developer's strategy is to buy a plot of land and...
MR MASAMITSU Okada has been living in Singapore for the last 25 years. But instead of renting or buying a home, the Japanese expatriate has chosen to live in the same Ascott Somerset Liang Court serviced apartment for a quarter of a century. Not that housing is paid for by his company, as this benefit ceased 12 years ago when he retired from auditing firm Deloitte. Since then, he has been running his own...
Location: Mimbu Road (District 11) Tenure: Freehold Year of Completion: 2013 Total Units: 22 Unit Types: 2 bedroom ~ 840 sqft 3 bedroom ~ 980 sqft Email [email protected] with the following to register your interest: D'Ixoras / Name / Contact # / Unit Type...
Sales of uncompleted private homes continued to climb in June as improving sentiment in the market spurred homebuyers to snap up more units. 1,825 new private homes were sold last month – a 9.4 per cent rise from May. The strongest sales were seen at 8@Woodleigh, a condominium at Potong Pasir, where units were sold at a median price of S$804 per square foot. All 330 units at the property were snapped up...