CapitaLand's wholly-owned service residence business unit, Ascott, has opened its newest property in northern China. The property - called Somerset YouYi, Tianjin - is located in the heart of the downtown Hexi commercial district. The serviced apartment in Tianjin is the fifth property that Ascott has opened this year. Another eight will follow for the rest of this year, including three in...

The Monetary Authority of Singapore (MAS) has released a consultation paper on a proposal to require real estate investment trusts (REITs) to hold annual general meetings (AGMs). The proposal will affect all REITS which are regulated as Collective Investment Schemes in Singapore. Potential changes include requiring REITS to hold AGMs every calendar year, with an interval not exceeding 15 months from the...

Situated on Sentosa embraced by serene waters, Seascape is an epitome of luxurious living, offering 151 exclusive waterfront homes amidst the mystic charm of its natural surroundings. Built by the sea, the development's dramatic backdrop is just one of its many breathtaking aesthetic virtues. The elegant bold exterior is a reflection of the richness of the land and the splendour of the sea. Inspired by...

Minister in Prime Minister's Office, Lim Hwee Hua, has announced a S$7.05 million Neighbourhood Renewal Programme (NRP) for some 2,100 units in Serangoon North. Residents can look forward to new facilities like covered linkways, footpaths, fitness corners and surveillance systems. Aljunied Town Council says it is a fully-funded government project. A polling exhibition will be held and the upgrading will...

CapitaCommercial Trust (CCT) is looking to raise S$828.3 million through a 1-for-1 rights issue. According to the real estate investment trust, the proceeds will be used primarily to reduce its borrowings. CCT is looking to ease its debt burden, which comes to some S$2.6 billion. And it plans to do so with a S$828.3 million rights issue. Under the rights issue, it plans to offer unit-holders one unit...

Singapore developers continued to perform well at the annual FIABCI Prix d'Excellence competition this year. Far East Organisation won the top prize in the Residential Category with its Orchard Scotts project. This is the company's fifth FIABCI award to date, making it the only developer in the world to snag five wins in the prestigious competition. Its previous wins were for developments including The...

Implementing easy transport links between Singapore and the mega Iskandar Malaysia project is one of the aims of the Joint Ministerial Committee. Iskandar Malaysia's CEO, Harun Johari, said this when asked about the progress of the rail link between Singapore and Iskandar Malaysia. Malaysian Prime Minister Najib Razak, who is in Singapore for an introductory visit, toured the project at Nusajaya before...

S'poreans are putting their money in overseas property PROPERTY buyers are not just snapping up properties in Singapore but are also looking overseas, in yet another sign that property investments are still in vogue. Last weekend, marketing agents Top Leaders Realty and Jones Lang Lasalle launched private residential properties in Chennai and London, respectively. Both projects garnered relatively...

SOME 17 months after the idea was mooted, a proposal to privatise an HUDC estate in Hougang remains in limbo. This, despite the fact that to date, 282 resident owners have voted in favour of it, more than the 75 per cent required. The Housing and Development Board (HDB) says that it is still working out the conversion costs. However, some residents wish that the HDB could act faster to decide on the...

At the heart of Novena & Thomson lies a FREEHOLD residence that is inspired by the buzz of the city and the tranquility of nature. Imagine peering from a majestic tower overlooking the cityscape and the lush surroundings of MacRitchie. Experience the vast expanse of a contemporary landscape, as you appreciate the verdant foliage by the poolside. There's always room for a rendezvous on the sky...