Daily Archives: July 30, 2013 (9 Articles Found)

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More help for low-income singles to buy new flats

HDB has launched more than 500 two-room flats, up to a third of which will be reserved for singles. The bulk of these new flats in the BTO exercise will be built in Sengkang and Yishun. HDB has…

EC site at Yuan Ching Road attracts record 16 bids

The tender for three EC housing development sites closed today with the land parcel at Yuan Ching Road drawing a whopping 16 bids, the highest number of bids for an EC site in 16 years. Meanwhile, the land…

Novelty buys Henley building for $37m

Henley Industrial Building has been sold at its reserve price of $37 million, or $545 psf ppr. CBRE, which handled the sale, announced yesterday that the four-storey freehold industrial property was bought by a Novelty Group subsidiary. The…

Seagate to build new $100 million R&D centre in Singapore

Seagate announced on Tues that it is building a new $100 million building in Ayer Rajah Crescent. The new facility will house all of Seagate’s R&D activities in Singapore. Called The Shugart after Seagate’s founder Alan Shugart, it…

Two retail properties up for sale

Two pieces of commercial property have come on the market – Broadway Plaza via an EOI exercise and a Thomson Imperial Court retail unit by private treaty. Broadway Plaza is a five-storey retail and entertainment centre in Ang…

After consultations with industry players, BCA has pushed back the implementation of new construction standards to Sep. The agency originally planned to raise the minimum buildability and constructability score requirements this month, as part of a wider series…

More condo units returned in 2013

The number of Singapore buyers choosing to return their private property units has been rising throughout 2013, although there seems to be a variety of reasons why people opt to forfeit 1.25 percent of the purchase price. Last…

Row may block Gilstead Court collective sale

The landmark collective sale of Gilstead Court could be blocked after objections from five owners unhappy they may have to pay up to $27,000 each, after failing to agree to the sale. The $150.2 million sale of the…

Resale home prices down 0.4% last month

Resale home prices fell 0.4 per cent last month from the preceding month as more property buyers opted for new launches. The rate of decline was slightly steeper than the 0.2 per cent dip from Apr to May,…

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