Singapore property prices are likely to grow over the next two years, and property watchers say this can be sustained. At the same time, they are urging speculators to proceed with caution, and not to rush in, unless they can afford the risks. Many turned up to gain insights from property watchers at the Singapore Press Club talk on Wednesday. And the word from the experts - the current boom is...
Property Investment
Perched atop a 4-storey high hill, the twin blocks of Pavilion 11 on 7-storey columns are majestically tall, towering 33-storey high at district 11 on a piece of valuable freehold land bounded by Novena, Moulmein and Balestier. The north-south orientation of all 180 residential units that come with unique architectural 360-degree viewing concept and folding doors for the living room of the 3...
Description: 3 twrs of 29-sty residential development Location: Kim Seng Road, opposite Great World City (District 09) Site Area: 159,075.8 sqft Tenure: Freehold Total Units: 231 Unit Types: 2+study ~ 1451 sqft (75 units) 3+ study ~ 1852 sqft (75 units) 4 bedrm ~ 2289 sqft (50 units) 5 bedrm ~ 2470 sqft (25 units) Penthouses ~ 5900 - 6100 sqft (6 units) Email [email protected] for more...
Botanika, a free-hold boutique development next to the Botanic Gardens, will be auctioned off on March 31 by a leading international real estate marketing agent, Ken Jacobs, an affiliate of Colliers International and Christie’s Great Estates. Mr Jacobs came into the Singapore spotlight when he famously sold Sentosa Cove to the international market — selling 12 oceanfront, waterway and fairway villa...
CDL Hospitality Trusts has reported a distributable income of S$20.3 million for the period of June 12 to the end of December. This works out to a distribution per unit of 2.89 cents - almost 22 percent higher than forecast in its IPO prospectus. The results are helped by strong growth in visitor numbers from key markets and rising hotel rates in Singapore. Apart from a better-than-expected...
Fortune REIT has reported a 28 percent jump in full-year distributable income to nearly HK$277 million or S$53 million. This was driven by a high occupancy rate of 95 percent and strong rental reversions. But the distributable income for the six months to December alone was almost flat at HK$135 million or S$26 million. Distribution per unit for 2006 will be slightly over 34 HK cents. Fortune REIT...
Suntec Real Estate Investment Trust has reported a 21 percent gain in its distribution income for the first quarter. This amounted to S$27 million or some 2 cents per unit. Property income was also 21 percent higher at S$35 million. This was due to the partial revenue recognition from Park Mall and Chjimes as well as organic growth from its office and retail portfolios. Park Mall was acquired in...
Private residential prices rose by 3.8 percent during the fourth quarter of last year, which is up a touch higher than earlier estimates - taking the gains for all of 2006 to 10 percent - the highest annual growth in 8 years. For the first time, the URA has broken down the data according to 3 new geographical regions, and the numbers show that it was the high-end market that led the increase with a 25.4...
CapitaMall Trust says its full year distributable income for 2006 amounted to more than S$169m. This translates to a distribution per unit of 11.7 cents. The distributable income for the three months to December is over S$52m or 3.4 cents per unit. In the new financial year, CapitaMall Trust says it will continue to pursue yield accretive acquisitions. It also says it's on track to achieve the target...
Several high-end condominium projects sited in the heart of Orchard Road will be officially launched this coming weekend. Developers say close proximity to the premium shopping belt will attract investors and home-buyers from both overseas and Singapore. A 100-year old banyan tree will be preserved and made a landmark for the freehold St Thomas Suites at St Thomas Walk. Located just off Killiney Road -...