Prices of new private homes in Singapore rose to a new record in the fourth quarter of 2012. This comes on the back of rising demand for private homes in the sub-urban areas. Preliminary data from the Urban Redevelopment Authority (URA) showed a 1.8 per cent quarter-on-quarter increase to a record 211.9 points in the fourth-quarter period from the previous quarter. But prices increased by about 2.8 per...
real-estate
Prices of completed non-landed private homes surged 1.9 per cent last month from the previous month, accelerating sharply from October's 0.8-per-cent rise, according to the advance estimates of the Singapore Residential Price Index (SRPI) released yesterday. According to the SRPI, developed by the National University of Singapore's Institute of Real Estate Studies, homes in the Central region led gains...
Iskandar Malaysia was launched in November 2006 with the aim of developing the southern Johor region into a strong and sustainable metropolis of international standing. With a total area of 2,217 sq km, the region will have five flagship zones including the Johor Baru City Centre, Nusajaya and Senai-Skudai, and will incorporate work, live and play elements. A number of key projects have been planned to...
The Urban Redevelopment Authority (URA) has released detailed sales conditions for an industrial site at Woodlands Avenue 12. URA said in a statement on Friday that the land parcel is released for sale under the Reserve List of the second half of this 2012's Government Industrial Land Sales programme. The 30-year leasehold plot has a site area of about 3.9 hectares and a maximum permissible gross plot...
It has been a record year on the housing front, with a bumper crop of 27,000 Build-to-Order (BTO) flats launched in 2012, 2,000 more than originally planned. This brings the total number of flats launched in the past two years to more than 52,000. The increase in the number of flats has helped meet the demands of many first-time home buyers. The overall first-time application rate through the year has...
JTC Corporation (JTC) has launched the sale of three plots of industrial land -- one at Ubi Avenue and two at Tuas South -- by public tender. JTC said on Thursday that the three plots form the last batch of the 16 sites in the Confirmed List under the Industrial Government Land Sales (IGLS) for the second half of 2012. Measuring 0.35 hectares, the site at Ubi Avenue 4 has a lease term of 30 years and a...
The cash offer by property tycoon Simon Cheong to take his flagship company SC Global Developments private is "fair and reasonable". That is the view of the independent directors of the luxury property development firm after taking into account recommendations from an independent financial advisor (IFA). In a company circular to shareholders on Wednesday, the independent directors recommended that...
Prices of industrial properties in Singapore have risen by some 27 per cent in the first three quarters of 2012. Some analysts say prices could climb by 30 per cent for the entire year, one of the highest in recent years. They attribute the increase to buoyant demand for strata-titled industrial premises. Low interest rates, high liquidity and cooling measures in the residential property segment have...
Property consultancy firm Colliers International has recommended the development of a "retirement village" for the growing population of senior citizens in Singapore. It has also suggested that a ratio/quota system be implemented to allocate Build-to-Order (BTO) flats to singles. Colliers said these are two groups within the larger population that have become significantly prominent over the last 12...
The Ascott, CapitaLand's wholly-owned serviced residence business unit, is strengthening its market presence in China. In a filing to the Singapore Exchange, the firm said it has secured contracts to manage three properties with more than 500 apartment units in China. The 90-unit Ascott Heng Shan Shanghai is scheduled to open in 2014. Meanwhile, two serviced apartments in Suzhou - the 250-unit Ascott...