Private resale homes prices has risen for the second straight month in April. This is according to the Singapore Residential Price Index (SRPI) flash estimate published by the Institute of Real Estate Studies at the National University of Singapore. Resale home prices climbed 0.8 per cent in April, after increasing 0.4 per cent in March. Central area prices were up 1.6 per cent in April, compared to...
business
The tenants of Shaw Centre has to make way for renovations to the 37-year-old building in Scotts Road once their leases expire. The revamp will not affect the offices on 14 floors of Shaw Centre. Notable tenants include Nu-Reflexology Researc, Ship Restaurant and Les Amis Group's outlets, The Canteen and Canele Patisserie Chocolaterie. The refurbishment is timely according to some tenants and...
A man has been fined S$40,000 for pretending to be a licensed estate agent. Mr Raymond Sim Soon Leong was sentenced on May 25. He will have to serve eight weeks in jail if he cannot pay the fine. The Council for Estate Agencies (CEA) said on Monday that Sim was fined for two property transactions. Sim was charged on 20 October last year representing himself as a sales agent when he was not registered...
Hongkong Land Holdings Limited today announced that its wholly-owned subsidiary, The Hongkong Land Company, Limited, has priced US$500 million of 10-year Notes that are to be issued through its wholly-owned subsidiary, The Hongkong Land Finance (Cayman Islands) Company Limited. The Hongkong and Shanghai Banking Corporation Limited, Mitsubishi UFJ Securities International plc and Standard Chartered Bank...
The buoyant property market in Singapore has benefited not only the developers but also for related sectors such as renovation and interior designers companies. In a report by TodayOnline, interior design firm SuMisura is one such firm that has seen higher sales on the back of a property boom. The company performs design work for show flats and said such projects has boosted the firm's sales by 15 per...
The value of prime property in the world's key cities fell by 0.4 per cent in the first quarter of this year, representing the index's first quarterly fall since the depths of the global recession. Although a milestone, the index's negative quarterly growth is not surprising. Quarterly price growth has been below 2 per cent since the first quarter of 2010 and it averaged only 0.6 per cent last year. The...