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...
real-estate
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...
Hotel and serviced residence owner Far East Hospitality Trust aims to tap South-east Asia's booming tourism demand and grow its portfolio value by 50 per cent over the next two years. Far East Hospitality expects to acquire a hotel and two serviced residences - Orchard Parksuites and Orchard Scotts Residences - from its sponsor Far East Organisation within the next 24 months, increasing its portfolio by...
Singaporeans can expect a few more million dollar Housing Development Board flats in the resale market soon. This is according to one property agent that Channel NewsAsia spoke to, who said the high asking price of some flats can be attributed to their prime location and large liveable space. The deal for a million dollar resale flat in Queenstown has been confirmed on Wednesday. It is a record amount...
Skies Miltonia, an upcoming new condominium located at the junction of Yishun Avenue 1 & Miltonia Close near Orchid Country Club. Standing at a height of 13-storeys, Skies Miltonia offers breathtaking view of the greenery and reservoir beyond. Skies Miltonia seats on an expansive land area of over 180,000 sqft. Residents will be able to enjoy full condominium facilities including a landscaped resort...
Properties located close to upcoming Thomson Line MRT stations are enjoying greater interest from potential buyers. A condominium project at Rosewood Drive in Woodlands saw sales almost double a week after the announcement of the new MRT line. Some property analysts say noise from the construction of the new line could have downward pressure on the prices, but it should not be a problem in the long...
A freehold residential development, Chateau Eliza, at Mount Elizabeth has been sold en bloc for S$92.2 million. It was sold to a consortium of private investors, Newfort Realty, and was the development's third tender attempt. This is also the 20th successful collective sale deal concluded in Singapore this year. With the sale, each apartment owner stands to receive gross sales proceeds of between S$2.08...
The cash-over-valuation (COV) component in HDB resale transactions is rising and it could hit over S$200,000 soon. COV refers to the sum of cash that needs to be paid by a buyer over and above the market valuation of a flat. Real estate agents said the median COV paid for HDB resale flats has risen by about 12 percent to S$30,000 in the third quarter so far. But for a Bishan unit, the COV has hit a...
The Urban Redevelopment Authority (URA) has awarded the tenders for the industrial site at Yishun Avenue 9 (Parcel 5) and the residential with 1st storey commercial site at Tai Thong Crescent today. Tender for the industrial site was launched on 27 June 2012 and closed on 30 August 2012. The land parcel was offered for sale on a 30-year lease term. The successful tenderer is Soon Hock Tuas Development...