Private residential properties in Singapore saw a sharp fall in rentals and a slight price decline in the first quarter of 2009. Real estate consultancy firm DTZ in its report on Tuesday said monthly rentals of luxurious homes slid 18.8 per cent to S$5.20 per square foot, a level not seen since the third quarter of 2006. Rent of units in prime districts also saw a drop, down 16.2 per cent to S$3.65 per...
Singapore Rental
Singapore developers are likely to pass on benefits from this year's Budget to their tenants. The Real Estate Developers' Association of Singapore (REDAS) said this will help them through the current tough times. Key players in the property industry came together to enjoy the traditional Lunar New Year dish, Yu Sheng (raw fish salad). The dish symbolises abundance and prosperity and Singapore developers...
Opera Gallery remained shut on Monday, one day after a stand-off with its landlord, Toshin Development, which has the master lease at Ngee Ann City. On Sunday morning, security guards from Toshin had sealed off the premises and tried to move the artworks worth US$20 million to vacate the unit for a new tenant. It was not because Opera Gallery did not pay its rent, but according to Toshin, it has a new...
A rental dispute turned ugly at Ngee Ann City on Sunday morning. Security was called in to the Opera Gallery - one of the tenants there - to seal off the premises which houses over S$20 million worth of art. The Opera Gallery had brought in dramatic street art during the F1 race last September. And now it is caught in some drama itself. Its landlords at Ngee Ann City ordered security to seal off the...
Here's good news if you are looking for a place to rent. Property developers are renting out en bloc units at half the usual price. Many new property projects have been put on hold due to the economic uncertainty. In the meantime, developers are renting out the existing units, acquired over the last two years, to cover their costs. Mark Teo, ERA's senior group division director (real estate), said:...
A LIFESTYLE LIVING LIKE NO OTHER, AT THE CENTRE OF SINGAPORE'S FINEST Rising above others with panoramic views of the City and embraced in the enclave of Singapore's most famous shopping belt - Orchard Road, it is a lifestyle defined only by the extraordinary. At the heart of the prestigious Orchard and Tanglin locale amidst Embassies, high-end residences and six-star luxury hotels, this 9720 sq ft sky...
Location: 20 Cuscaden Road (District 10) Type of Development: Apartment Tenure: Freehold Total Units: 29 Year of Completion: 2003 Unit Types: 4 bedrooms ~ 2,347sqft, 2,368 sqft 5 Bedrooms ~ 3,692 sqft, 3,703 sqft Penthouse (Triplex) ~ 9,720 sqft PRIME & EXCLUSIVE LOCATION A splendid fusion of granite and glass, The Tomlinson is like no other residences in Singapore. Conceived with the idea of the...