JTC Corporation put up five plots of land for sale by public tender on Friday. Located at Tuas South Street 7, 8, and 9, these industrial sites range from 0.30 to 0.57 hectare (ha) in size. They each have a lease of 23 years and a maximum permissible gross plot ratio of 1.0. In a media statement, JTC said these smaller plots with shorter tenure are to help meet the needs of industrialists who prefer to...
real-estate
Singapore-listed Orchard Parade Holdings Limited (OPHL), the hotel and property arm of Far East Organization (FEO), is seeking shareholders' approval to divest three hospitality assets into a real estate investment trust (REIT) to be listed on the SGX. In a statement, OPHL said this is part of a corporate restructuring exercise to allow the company explore opportunities in the hospitality management and...
The number of property purchases in some major Chinese cities has picked up, as regulators struggle to combat rumours that Beijing is preparing to loosen curbs on real estate investment to combat slowing economic growth. Property sales in cities including Hangzhou, Shenzhen and Nanjing have sped up in recent months, the official Shanghai Securities News reported. Chinese regulators continue to deny...
The Ministry of National Development (MND) announced today that the second half 2012 (2H2012) GLS Programme will comprise 15 Confirmed List sites and 24 Reserve List sites. These sites can yield about 14,200 private residential units, including 3,100 Executive Condominium (EC) units, 388,000 sqm gross floor area (GFA) of commercial space and 3,700 hotel rooms. The Confirmed List will comprise 12 private...
The Urban Redevelopment Authority (URA) closed the tender for the residential site at Buangkok Drive / Sengkang Central today. The site at Buangkok Drive / Sengkang Central was launched for sale by public tender on 16 April 2012. The site was offered for sale on a 99-year lease. The land spans about 18,340 square metres with a maximum gross floor area of 55,023 square metres. White Haven Properties, a...
The Urban Redevelopment Authority (URA) and the Ministry of Community Development, Youth and Sports (MCYS) have jointly issued new guidelines on land development and use of space for religious activities. These guidelines will take immediate effect. The latest guidelines allow religious groups to make use of industrial premises zoned Business 1 for their activities on a limited and non-exclusive...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Pasir Ris Drive 3 to Capital Development Pte. Ltd. The company submitted the highest bid at S$211.0 million in the tender for the site. The tender attracted a total of five bids. The residential site was launched for sale by public tender on 16 April 2012 and closed on 5 June 2012. The land parcel was offered...
Despite a lull in the property market, two freehold condo developments were launched over the weekend, which are expected to gauge buying interest. Both projects are relatively small, with less than 200 units in total between them. The upscale 1919 in Mount Sophia was launched by Aurum Land, a unit of Woh Hup. It comprises of 75 black-and-white apartments with average prices ranging between S$2,000 psf...
Resale prices for HDB flats are showing signs of picking up, with latest data pointing to a 2-per-cent rise in the last two months, according to the Singapore Real Estate Exchange (SRX). The median resale price for HDB flats islandwide increased to S$438,800 in the last two months from S$430,000 in the first quarter of the year, the SRX said yesterday. The SRX is a consortium of 11 leading property...
Preliminary price indices for completed non-landed properties released last week suggest that the resale market for private apartments has finally shaken off the dampening effects of the additional buyer's stamp duty (ABSD) imposed last December. The National University of Singapore's flash Singapore Residential Price Index for last month inched up 0.8 per cent, the second consecutive monthly rise...