Daily Archives: February 28, 2014 (13 Articles Found)

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Development charges raised for selected sectors

Development charges (DC), which have to be paid when a property site is developed into more valuable project, have been raised for selected sectors. The steepest increase is seen in the commercial sector. MND said the DC rates…

Marriot’s Courtyard hotel to rise in Novena

Hoi Hup Sunway, the joint venture between property developers Hoi Hup Realty and Sunway Developments, announced today that it signed an agreement with Marriott Intl to open Courtyard by Marriott Novena in Singapore. This marks the first Courtyard-branded…

National Service Resort & Country Club given 12ha replacement land

The National Service Resort & Country Club (NSRCC) has been given 12 hectares of replacement land in return for the 26 hectares of its current temporary occupation lease (TOL) site, which the government is claiming back for Changi…

Summary of property regulations Aug 2013 till Feb 2014

For the property buyers, it’s been one bad news after another with more and more regulations. One more bizarre than the other. After I pointed out that an average couple may not be able get a loan for…

Rents for posh condos shrank a tad 0.6% to $4.85psf. But no one’s surprised. Savills reported that according to URA, the island-wide rental index of private residential properties slipped by 0.5% in the fourth quarter, registering the first…

Singaporeans most likely to increase investments in property in 2014

Singaporean investors revealed that they are most likely to increase investments in property (36 per cent) and equities in Singapore (34 per cent) in 2014, according to survey data from the latest Franklin Templeton Global Investor Sentiment Survey.…

Prince Charles Crescent site launched for sale

A residential site at Prince Charles Crescent (Parcel B) has been launched for sale by public tender to provide developers and home buyers with more housing options, said URA. Launched for sale under the confirmed list of the…

Year of the horse, otters and ducks at Marina Bay

A pair of otters have been sighted at the Gardens by the Bay! They must have swum over from the northern coast of Singapore. We suspect they are looking for a spot to nest and breed. These smooth…

Savills: Prime Orchard Road rents are expected to dip slightly this year

Prime Orchard Road rents are expected to dip slightly this year as some restaurants look for cheaper space on the fringes of the city-centre, Savills said. It expects rents at prime Orchard Road malls to fall by around…

Private housing market more akin to 2009 than 2003

It has not been a pretty start this year for the housing market, with last month’s data showing deteriorating indicators in both the private- and public-housing segments. The weakening market conditions have led to prominent property developers turning…

Void-deck art galleries to be launched in Jurong

Void-deck art galleries to be launched in Jurong. The theme of the gallery is Singapore’s 50th anniversary and there will be some 30 artworks showcasing significant events, people and products in Singapore including the Merlion and the chilli…

CityDev chairman calls for easing of property timelines

With softening property prices and sales volumes, City Developments (CDL) chairman Kwek Leng Beng expressed hope yesterday that this year, the government will tweak or even remove the rules on QCs, which bind developers with foreign stakeholders to…

CDL may turn condos into serviced homes

Property giant City Developments (CDL) says it might consider turning some of its upcoming high-end condominium projects into serviced residences. This drastic move is being contemplated as thinner profits from property development in a rapidly slowing market weighed…

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