Anyone in the research business will appreciate the complexity of the data and the gargantuan efforts involved in producing the Population White Paper and the Urban Redevelopment Authority’s (URA) Land Use Plan. After analysing historical data, projections were made based on a desire for economic growth to arrive at the scenario (or what is now considered the “worst case”) of a 6.9 million...
real-estate
The overheating property market remains the biggest risk factor to the stability of the Hong Kong economy, Mr Norman Chan, head of the Hong Kong Monetary Authority, said yesterday, adding that household debt was now at 59 per cent, close to the record high of 60 per cent in 2002. Only three months after Hong Kong rolled out a tough new round of cooling measures, home prices have again climbed to record...
Shaw Centre, a landmark building at Orchard Road, is up for a major facelift -- its first in almost three decades. The renovations are expected to be completed in the first quarter of 2014. After the redevelopment, the Shaw Centre retail mall will be integrated seamlessly with the adjoining Shaw House. Shaw House's anchor tenants include Isetan and Shaw Theatres Lido. The new Shaw Centre will also...
CapitaLand Group's chief executive, Lim Ming Yan, expects further moderation in the Singapore's real estate market this year, and is targeting China as a key profit centre. Some analysts, however, warn that economic and political uncertainty in China may limit CapitaLand's pricing capability. CapitaLand will be scouring for new projects in China and its home base in Singapore, where a government-driven...
Iskandar Malaysia, a special economic zone in Johor Bahru, has been in the media spotlight in recent years. It is attracting new investments and there is growing interest in residential properties there as well. Property analysts say the publicity has heightened interest in homes in Iskandar, but buyers should evaluate other options as well. Medini is one of the five flagship zones at Iskandar Malaysia...
Several local governments in China have announced new measures to restrict financing to potential homebuyers, triggering concerns about a fresh wave of tightening for the property sector, Dow Jones Newswires reported on Tuesday. Word of the measures comes as home prices in major Chinese cities started rising in the second half last year after declining since late 2011 as the central government’s strict...
The Marina One mixed-use development in the heart of Singapore's Central Business District (CBD) will be a coveted business and lifestyle destination that will raise the bar for integrated developments and act as a catalyst to attract and grow new businesses. That is the vision of M+S, a joint venture company owned by Malaysia's Khazanah Holdings Bhd and Singapore's Temasek Holdings, that is working on...
The Prime Ministers of Singapore and Malaysia launched two wellness projects in Medini at Iskandar Malaysia and a mixed development project at Danga Bay in Johor Bahru on Tuesday. Fresh from the launch of joint development projects in Singapore, Prime Minister Lee Hsien Loong and his Malaysian counterpart Najib Razak travelled to neighbouring Johor Bahru where the two wellness developments were...
La Fiesta by EL Development topped the list of best-selling residential projects for the month of January recording sales of 404 units, reported Singapore Business Review. Located in Sengkang, the condo project released 500 units for sale last month at a median price of S$1,163 psf, according to data from the Urban Redevelopment Authority (URA). In January, a total of 2,013 private homes excluding...
Guillemard camp is set for redevelopment, after sitting vacant for almost ten years. The camp has remained empty ever since the military moved out in 2003. Currently, ownership of the land is split between the Ministry of Defence and the Singapore Land Authority. There have been plans by URA - under its Master Plan 2008 - to redevelop the 10-hectare site for housing, but a fixed date hasn't been...