Five blocks of flats in Tiong Bahru have been given a facelift, and they will be rented out to expatriates and foreign students. The rental for the units can cost up to S$4,500 a month. The flats are over 50 years old and are believed to be among the first to be built in Singapore. Katong Hostel successfully won the HDB tender to rent out the 120 available units. It invested S$3 million to renovate...
Rental
With the growing property rental market in Singapore, it may be time to look at more ways to protect the interests of both landlords and tenants. This was the opinion of some viewers who wrote in after a landlord was interviewed on Get Rea!, a Channel NewsAsia’s current affairs programme. In the Get Rea! episode, “Just Follow The Law”, it was a case of a Singaporean landlord living in Australia who...
The strong demand for office space in the central business district has spilled over to the rest of Singapore. According to property consultants DTZ, the occupancy rate for office space islandwide climbed to 97.6 percent in the third quarter. This is largely because of an acute shortage of office space in the Central Business District (CBD). DTZ says the shortage is due to the demolition of Asia...
Housing rentals in Singapore have risen faster than property prices, a phenomenon that is unique in this region. Property analysts have pointed the finger at collective, or en bloc, sales, but they say they are not expecting rents to drop sharply even when the redevelopment projects are complete. The price of housing in Asia has risen as a whole in recent years. Over in Hong Kong, South Korea and China,...
Captive shoppers in heartlands - like Jurong, Woodlands, and Tampines - are catching the eye of retailers. And analysts say that is why some suburban malls can even command rentals similar to some prime downtown locations. Some of Singapore’s heartland malls have been as big a hit with shoppers as their more upscale cousins in Orchard or the Raffles City area. AMK Hub in Ang Mo Kio is the latest...