Singapore may be the worse-hit Southeast Asian country in the current economic crisis, but it could well be the first economy in the region to rebound, according to economic forecaster Thierry Apoteker. A jump in US consumer confidence in November is just one of the indicators that could signal signs of a global recovery next year. Consumer confidence index rose in November to 44.9, up from 38.8 in...
Proportion of buyers with an HDB address looks set to increase WITH foreign buyers pulling out of Singapore's property market on the back of deteriorating global economic conditions, Housing Development Board upgraders are forming an increasingly important group of buyers here. According to a recent DTZ analysis of private property caveats lodged in the third quarter, purchasers with HDB addresses make...
THE Government has moved to apply the brakes on the industrial land sales programme. Following the move to curb supply of land for private homes and commercial space, the Ministry of Trade and Industry (MTI) said it would move the remaining site - at Tampines Industrial Ave 4 - on the confirmed list for this year to the reserve list, and suspend its confirmed list of sites for sale in the first half of...
Singapore's Trade and Industry Ministry (MTI) announced on Wednesday that it is suspending the Confirmed List for the Industrial Government Land Sales (GLS) Programme. This is due to what it calls "significant and dynamic changes in global economic conditions". MTI said in view of the current uncertainties, the site at Tampines Industrial Avenue 4 will be moved from the Confirmed List to the Reserve List...
Make it easier for expatriates to buy houses they can live in WITH Singapore's safe track record and attractions, such as the two integrated resorts to be completed in a couple of years, this is the best time to attract more foreign entrepreneurs to Singapore. But not all foreign entrepreneurs can afford or are willing to pay for high-end condominiums as some may prefer to put more money into their...
Property agents said there's been an eight per cent jump in the number of private homes being put up for sale recently compared to previous two quarters. HSR Property Consultants said about half of the sellers have bought units under the Deferred Payment Scheme. The scheme which was scrapped last October allowed homebuyers to delay payments on new property until it is completed. Eric Cheng, executive...
Location: Prome Road Tenure: Freehold Description: 1 Block of 12 Storey with a part 4 storey apartment Year of Completion: 2012 Total Units: 48 Unit Types: 1 + study ~ 657 sqft (2 units) 2 bedroom ~ 861 sqft (2 units) 3 bedroom ~ 936 - 1453 sqft (28 units) 3 + study ~ 1098 - 1152 sqft (13 units) Penthouses ~1346 - 1948 sqft (3 units) Facilities: Heated Swimming Pool, Gym, Pool Deck, Children Pool, BBQ...
Location: Bhamo Road Tenure: Freehold Year of Completion: 2014 Total Units: 88 (1 block, 16 storeys) Unit Types: Studio ~ 506 sqft (8 units) 1 bedroom ~ 484 - 549 sqft (4 units) 1 + study ~ 603 - 710 sqft (12 units) 2 bedroom ~ 915 - 926 sqft (24 units) 2 + study ~ 980 sqft (8 units) 3 bedroom ~ 1195 - 1346 sqft (5 units) 3 + study ~ 1249 sqft (13 units) 4 bedroom ~ 1238sqft to 1313 sqft (8...
First there was Biopolis; then recently, Fusionopolis was added. Next year, Singapore's business park at One North will see its Media Park begin the first phase of development. Details of the park's masterplan will be released on Wednesday by Information, Communications and the Arts Minister Lee Boon Yang. The architect behind Media Park @ One North is Bernard Tschumi, a Swiss-French now based in New...
Singapore's Urban Redevelopment Authority (URA) has gazetted its Master Plan 2008. It is a statutory land use plan that guides physical development of the country for the next 10 to 15 years. Some 200,000 people visited the exhibition of the Draft Master Plan 2008 over the past six months. And as part of public consultation process, the urban planners also reviewed 300 feedback received during the...