CapitaMall Trust Management on Friday said its distribution per unit (DPU) was up 2.6 per cent to 2.36 cents in the fourth quarter of 2012. For the full year, unitholders will receive a total of 9.46 cents for the fiscal year, compared to 9.37 cents in 2011. CapitaMall Trust Management said that for the fourth quarter of 2012, its distributable income grew 5.7 per cent to over S$79 million. For the full...
real-estate
As public debate raged over the irony of Executive Condominiums (EC) priced at more than S$1.5 million being snapped up by buyers supposedly from the sandwiched class, Minister for National Development Khaw Boon Wan weighed in on the matter on Jan 7 in a blog posting titled "Who gets short-changed?" Although he started out by addressing oversized ECs and their prices, Mr Khaw quickly went on to the...
According to property analysts, home prices near the proposed new MRT lines are unlikely to increase in near future. Market watchers say the announcement of a new MRT line could generally prop up prices of homes in the area by 3 to 5 percent. But the response to the announcement of the expanded rail network on Thursday may be more muted. News of the new MRT lines would have generated more excitement...
Q Bay Residences at Tampines is the first private residential project to be launched since the latest round of property cooling measures kicked in last weekend. To attract buyers, the developer is offering discounts of up to 22 per cent. Market experts said Q Bay Residences will be a test of home buyers' appetite for new developments The 630-unit project, which is a joint venture by Frasers Centrepoint,...
The outlook for the en bloc market has become bleak in the aftermath of the latest round of cooling measures, according to experts. “I think these measures caught everyone by surprise. For en bloc developers, the first couple of months will show more subdued dealing of land parcels. If developers are not confident to sell, they will not bid aggressively,” said Ian Loh, Head of Investment at Knight...
Shares of property developer SC Global that are freely traded on the Singapore Exchange (SGX) have dropped to 9.64 per cent of the firm's issued shares. This has triggered a voluntary unconditional cash offer by its majority shareholder, SC Global chairman Simon Cheong. Based on Singapore law, the majority shareholder can force the delisting of a firm once the public float falls below 10 per cent. Mr...
Urban Vista - a new condominium being designed with style, coupled with SOHO units with high work space ceiling height and the immerse flexibility of Dual-Keys units for own stay and investment. Situated right next to the Tanah Merah MRT Interchange, the development is only a station away from the upcoming fourth university (SUTD), Changi International Business Park and 2 stations from Changi...
Despite the regional economic uncertainty, the Pan Pacific Hotels Group is betting that Singapore's tourism and hospitality industry will remain robust this year, with big expansion plans after a period of relative quiet. The newest addition to the group's Singapore portfolio, the upper upscale Parkroyal on Pickering hotel opens its doors today after about four years of construction. While it will likely...
Singapore’s sweeping package of property cooling measures to curb rising home prices not only applies to foreigners buying properties in the city-state, but has gone one step further to include permanent residents (PRs) and citizens. Introduced last Friday, this is the government’s seventh round of measures since 2009 and includes a stamp duty hike of between five and seven percent across the board,...
Q Bay Residences - the first private condominium to have the balinese chalet-style villa that comes with fully fitted facilities with adjacent spa pools which visitors can book to stay overnight when they visit their family or friends staying in the development. All the residential towers are exquisitely design and layout in such a way whereby they are separated by lush landscaping, spa pools and water...