Daily Archives: October 25, 2013 (12 Articles Found)

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Developers likely to hold back on new project launches, say analysts

With home prices in the city centre softening, analysts say many developers are likely to hold back on launching new projects for the rest of the year. CBRE estimates that there are some 2,000 units of private homes…

S’pore CBD 8th costliest office district in the world

At S$11 psf per month, or US$103 psf per year, the extended central business district comprising Raffles Place and Marina Bay is the eighth most expensive office area in the world, according to a JLL study. Taking into…

TDSR hit Singapore buyers harder than foreigners

TDSR framework seems to have had a bigger impact on private home purchases by Singaporeans than on foreign buyers. Private home purchases by all categories of buyers took a hit in the quarter following the introduction of the…

Buying by Chinese, Malaysians, Indonesians, Indians down 40%

Mainland Chinese, Malaysians, Indonesians and Indians continued to remain the top four nationalities among the combined pool of foreigners and Singapore PRs who bought private homes in the first nine months of this year. Together they accounted for…

DTZ: TDSR may have hit HDB upgraders more

The TDSR framework appears to have made a bigger dent on purchases of private homes by those with HDB addresses than by those with private addresses, according to a caveats analysis by DTZ. The TDSR framework, which requires…

Far East Hospitality to launch 3 S’pore hotels

Far East Hospitality Management will launch three Singapore hotels over the next three months. These are the Village Hotel Katong in the Marine Parade/East Coast area, Amoy at Far East Square in the Chinatown/CBD area, and a relaunch…

CEA introduces tougher training guidelines for property agents

Property agents are coming to terms with a tougher set of training guidelines aimed at raising industry standards. The new code requires agents to attend training courses that have been split into three areas. They must undertake at…

High Court allowed condominium developer sued by a couple to include counter-claim in its defence

The High Court has allowed a condominium developer that is being sued for S$1.2 million by a couple to include a counter-claim in its defence

Khaw: Good progress for HDB ramp-up home building programme

Good progress has been made in the ramp-up of HDB’s home building programme, said MND Minister Khaw. He said 204,461 public and private residential units will be ready for occupation in the next three years. The projected increase…

At least 8,700 shoebox units are expected to hit the resale market between now and 2017 as the SSD lock-in period approaches expiry

Private home prices up 0.4% in Q3: URA

Private home prices inched up 0.4 per cent in the third quarter, a slowdown from the 1 per cent increase recorded in the preceding three months, real estate data released by URA today showed. Prices of non-landed properties…

Gilstead Court sale takes new twist

The bitter collective sale of Gilstead Court has taken a new twist with three sale committee members launching a $15 million suit against the firm that wants to buy the estate. Listed developer Tuan Sing Holdings told SGX…

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