The residential market looks set to end 2006 on a high with a take-up rate of around 9,700 new homes and price increases in the region of 9 per cent. According to a report by real estate services firm CB Richard Ellis, the final quarter of the year saw the highest sales, with approximately 3,000 new units being sold. A total of 792 units from four projects were fully sold this quarter. They were...
Property Investment
Mapletree Logistics is planning to raise up to S$349 million. It plans to issue new units through a private placement and an ATM offer to Singapore retail investors. Mapletree plans to use the money to pay for 15 warehouses and distribution centres, to bring its portfolio to 56. Eight of the properties are in Singapore, five in Malaysia and one each in China and Japan. Mapletree also intends to partly...
City Developments (CDL) sees strong growth coming from its Millennium & Copthorne group of hotels and resorts in London, New York and Singapore. It said its London operations, in particular, grew by 21 percent in Q3 this year - the strongest regional growth for the Millennium and Copthorne group. CDL, which owns 53 percent of the group, said it would continue to expand its network in Europe for...
Singapore's fast-growing REIT sector may yet get another boost from the rise of new overseas players. Property analysts Channel NewsAsia spoke to believe that there will be an influx of cross-border REITs listing in Singapore. That's because Singapore-listed REITs still enjoy attractive yield premiums over their regional competitors. The total market capitalisation of Singapore's real estate investment...
Singapore's high-end home market is looking at a potential capital appreciation of between 10 and 13 percent next year due to strong demand by corporations and new overseas buyers. This is according to the latest outlook by property consultant Jones Lang LaSalle. It says while there are some pockets of speculative buying, the situation is not getting out of hand. Private residential property in...
Property investment sales in Singapore have reached nearly S$27 billion to date. This is double the historical high of S$13.5 billion recorded last year. Property consultant CB Richard Ellis says the investment market was driven by buoyant activity in real estate investment trusts. Active acquisitions of development sites by developers in both the private and public sectors was another...
Units at Marina Bay Residences have been sold at yet another record price. The developer, BFC Development, says units were sold at over S$2,700 per square foot - the highest so far for primary sales in the area. Even at this record-setting price, more than 90 percent of the apartments have been snapped up at special preview sales held for invited guests over the last two days. According to the...
Another record has been set for property prices at the Marina Bay area. A new residential development, Marina Bay Residences, is being put on the market at between S$1,550 and S$2,150 per square foot. This will dwarf the previous benchmark set for the area by another development - The Sail @ Marina Bay - which went for up to S$1,700 per square foot. Strong interest in the Marina Bay Residences has...
Despite sell-out property launches — such as The Grand Duchess at St Patrick's and The Ford @ Holland — Minister for National Development Mah Bow Tan says the property market is not nearing a bubble. Mr Mah told reporters on Thursday: "Looking at the overall situation, I know that there are launches which have not done well. If taken in totality, you will realise that the situation is nowhere near...
CapitaLand is seeing overwhelming response for the IPO of its CapitaRetail China Trust.The institutional tranche is 196 times subscribed.This is one of the highest subscription rates ever for a Singapore share sale. The units are being offered at S$1.13 each, at the top end of its indicative range. Some 29 million units have been set aside for retail investors. The public offer opens on...