Ascendas Hospitality Trust on Monday reported distribution per unit (DPU) of 1.77 cents for its fiscal third quarter, topping its own forecast by 4.7 per cent, as cost-cutting measures more than offset the lower-than-expected revenue. The 1.77 cents DPU takes into account the waiver of the sponsor’s distribution. Not accounting for the waiver, the DPU would have been 1.55 cents, or 5.6 per cent above...
real-estate
Prices of private resale homes dropped 0.3 per cent in December from November. This is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums. The SRPI data is published by the Institute of Real Estate Studies at National University of Singapore (NUS). Analysts said the drop may be due to lower transactions during the school...
Prices of shop space rose 2.0 per cent in 2012, while rentals dropped marginally by 0.3 per cent according to the latest statistics from the Urban Redevelopment Authority (URA). Yields of retail units have dropped last year, but most market experts Channel NewsAsia spoke to are optimistic about the demand for retail space in Singapore from both investors and retailers. After just one week, some retail...
Jan 24, 2013 - PropertyGuru.com.sg table_add Comment email_go E-mail to friend share Bookmark & Share By Romesh Navaratnarajah: The government recently announced a steady supply of residential units in the next four years that will provide more housing options for Singaporeans. In his blog post last week, National Development Minister Khaw Boon Wan said around 200,000 new homes comprising...
The Mount Sophia/Wilkie Road enclave is fast becoming a new property hotspot, mainly due to its central location and availability of city amenities. At the same time, more developers are purchasing land parcels in the area for redevelopment purposes. Recently, established player Roxy-Pacific Holdings acquired a 9,324 sq ft freehold site at 13/15 Wilkie Terrace, off Dhoby Ghaut/Selegie Road for S$24.5...
In the immediate aftermath of the announcement of the Government’s most sweeping property cooling measures to date, property stocks plummeted as analysts said the impact on demand could be severe with a possible double-digit drop in sales of private residential units. But as the panic gradually settles, a snapshot of the market suggests that buyer sentiment may still be on the positive side, and the...
Frasers Hospitality, the serviced apartment arm of the Fraser and Neave group, wants to expand in Singapore but may be put off by high land prices and construction costs. Its Chief Executive, Mr Choe Peng Sum, said: “We think there is scope for at least another Frasers property here, but we are a bit concerned about the high building and land costs here. Just a couple of years ago, it used to S$700 per...
Three new high-end residential projects in the prime Orchard Boulevard area are expected to be completed over the next two years. They include luxury development 21 AngulliaPark - a Hong Kong-based China Sonangol's first Singapore property project. TwentyOne AngulliaPark and Skyline@Orchard Boulevard are expected to receive their temporary occupancy permits at around end 2013 and Boulevard Vue at around...
Private home prices rose 1.8 per cent in the fourth quarter of 2012, compared to a 0.6 per cent increase in the previous quarter. But for the whole year of 2012, prices of private residential properties increased by 2.8 per cent, a smaller rise compared to the 5.9 per cent growth recorded in 2011. The Urban Redevelopment Authority (URA) on Friday said that prices of non-landed properties outside the...
The resale price for HDB flats reached record high in fourth quarter of 2012 but the price increases for the year were slower compared with the previous year. The HDB's Resale Price Index (RPI) rose to 202.9 in the fourth quarter, an increase of 2.5 per cent over the previous quarter. The Housing and Development Board said on Friday that this is the same as the flash estimate released on January 2 this...