Daily Archives: March 19, 2014 (11 Articles Found)

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Industry players said new CEA’s guidelines for marketing of foreign properties could pose challenges to some

CEA earlier this week issued new guidelines for property agents and salespersons marketing foreign properties. Industry players generally welcome the move, but some said the guidelines could pose challenges

Real estate crowdfunding – a growing trend?

In the recent Budget Speech, Singapore’s government was studying the potential of equity crowdfunding. The benefits of such a policy, if introduced, could have far reaching economic and social benefits. Although I cannot speak for the other sectors,…

A wave of new property websites is taking Singapore by storm

When we want to search for accommodation to rent in Singapore, the default website that comes to mind is PropertyGuru or Easy Roommate if you are searching for roommates. Users using property websites have long been complaining how…

CBD office rents rose 3.2 per cent in the first three months

Office rents in Singapore’s CBD rose 3.2 per cent in the first three months of 2014 from the fourth quarter of last year, helped by an improvement in global business sentiments. Colliers International said on Wed that the…

Sales of new private homes surpassed the number of units launched in Feb 2014, a sign that developers are pushing back new launches while focusing more on selling existing developments. The sales volume for Feb provided more evidence…

Three top awards for Singapore

Singapore property developments took home three prestigious awards from the 2014 MIPIM Awards, which took place in the Palais des Festivals in Cannes, France, last week. Picking up the award for Best Innovative Green Building was Gardens by…

Part of Campbell Lane to become pedestrian mall by early 2015

Campbell Lane from Serangoon Road to Clive St will be turned into a pedestrian mall by early next year, after a tender was awarded by URA last month, said one of its officials yesterday at the COI hearing…

New plant in Tuas to produce diabetic drug

Drug giant Merck Sharp & Dohme will officially open a facility specialising in making the diabetic medication Janumet in Tuas later this year. The plant is part of a S$316 million agreement with EDB made in 2011. It…

Suntec REIT sold new units to investors at a discounted price of S$1.605 a unit

Suntec REIT has sold new units to investors at a discounted price of S$1.605 a unit, raising net proceeds of around S$341 million to pay down its debt. The private placement of just over 218 million new Suntec…

Prices dip for housing units at uncompleted projects

Selling prices at some uncompleted projects have fallen over the past three months – by anything from just over 1 per cent to 7 per cent – possibly as developers aim to clear units that have been on…

Property owner regains ‘temple’ house after appeal

A woman has won an appeal to regain ownership of a house that she converted into a temple and charitable trust decades ago, after the Court of Appeal ruled the trust invalid. The three-judge court comprising Chief Justice…

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