The Urban Redevelopment Authority's (URA) Price Index for industrial properties is expected to register an increase of about eight per cent in the third quarter. This is according to analysts ahead of flash estimates to be released by the URA on Monday. While price increases are set to moderate, there are concerns that the uptrend in industrial property prices may spur policy changes to cool the...
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The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the White site at Thomson Road / Irrawaddy Road for sale by public tender. The land parcel was made available for sale through the Reserve List system on 30 November 2011. URA has received an application from a developer for the site to be put up for public tender. The developer has...
The Urban Redevelopment Authority (URA) closed the tender for the residential site at Dairy Farm Road today. The site at Dairy Farm Road was launched for sale by public tender on 23 July 2012. The 188,861-sq-ft site has a maximum gross floor area of 396,618 sq ft and is expected to yield 390 condominiums or flats. A total of 9 bids were offered for the 99-year lease site. The top bid comes from First...
Green Lodge at Toh Tuck Road has been sold for S$191.888 million, becoming the biggest en bloc sale so far this year, according to The Business Times. Located off Jalan Jurong Kechil in Upper Bukit Timah, the property has a land area of 151,075 sq ft and could be developed into a five-storey condominium under the 2008 Master Plan. With a plot ratio of 1.4, the purchase price translates to S$907 psf...
The Hong Kong Monetary Authority (HKMA) said yesterday it has ordered banks to toughen lending requirements for borrowers with more than one mortgage on residential property, in a bid to prevent the city from being flooded with "hot money" after the United States announced an aggressive new stimulus plan to spur growth. Hong Kong's de facto central bank also said it had restricted the maximum length for...
Singapore's Fraser and Neave has agreed to sell its 56.05 per cent stake in Frasers Property (China) for S$261 million to a unit of Shanghai-listed Gemdale Corporation, as it streamlines its property business in China. Source : Today - 14 Sep...
Real estate management firm ARA Asset Management (ARA) has received approval from the Singapore Exchange (SGX) to list a yuan-denominated real estate investment trust (REIT) in the city state. The Dynasty Real Estate Investment Trust (Dynasty REIT) will be the first share sale in Singapore to be denominated in the Chinese currency. It will also be the second initial public offering (IPO) denominated in...
Property group CapitaLand is raising capital by tapping into the US dollar bond market for the first time. The company said its subsidiary CapitaLand Treasury has successfully priced US$400 million fixed rate notes due 2022 at a coupon of 4.076 per cent on Friday. The fixed notes are part of the S$5 billion Euro Medium Term Note Programme (EMTN Programme) established on August 3. CapitaLand said in a...
A majority of Singaporeans responding to a poll in July said that they are looking to purchase residential property within the next six to 12 months, despite the uncertain economic environment and high prices. The latest Asia Property Market Sentiment Report, conducted by the iProperty Group, surveyed 25,754 people from Singapore, Malaysia, Indonesia and Hong Kong, of which 2,983 were from the...
Strata commercial property such as shops and offices have been extremely popular in the primary market this year and are expected to sustain buyer interest, even in the sub-sale market, as attention is increasingly diverted away from residential and industrial segments. Since the introduction of the seller's stamp duty for private residential purchases in January last year, investors have flocked into...